Life Sciences: A Q&A with King Street’s Michael DiMinico
Firm’s managing director/partner discusses development, leasing and the LSRE market BOSTON – King Street Properties is one of the world’s largest private owner/operators of life science real estate (LSRE). The Boston-based LSRE investment and development firm has 3 million square feet under ownership and management, and 4.5 million square feet in development, with assets in […]
News Release: TCC and CBRE IM Break Ground on 234K-SF Life Sciences Development in Redwood City, California
REDWOOD CITY, CA July 20, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner CBRE Investment Management, on behalf of a separate account client, broke ground on a 234,000-square-foot life sciences development in Redwood City, California. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver […]
News Release: Two Life Science Innovators Expand Within TCC’s Fulton Labs Portfolio in Chicago
CHICAGO, IL CZ Biohub Chicago and Portal Innovations Signed Deals at 400 N. Aberdeen to Grow their Footprints within the Fulton Labs Campus July 17, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, announced that two tenants at Fulton Labs, the firm’s 725,000-square-foot, two-building life science campus in Chicago, signed leases to […]
Life Sciences: Despite ‘growing pains,’ fundamentals remain strong
IMN panel discusses ‘flight to quality,’ ‘sad labs,’ changing office-lab ratios and more By Murray W. Wolf About one year ago, a group of life sciences real estate (LSRE) experts gathered in San Diego noted that, due to the economic climate – which, at the time, included high inflation, rising interest rates and other factors […]
News Release: Newmark Names Elizabeth Berthelette, CRE, as Head of National Life Science Research
July 12th, 2023 1:00pm CAPITAL MARKETS LIFE SCIENCE CAPITAL MARKETS BOSTON July 12, 2023 1:00 PM Newmark announces Elizabeth Berthelette, CRE, has been promoted, expanding her oversight from Head of Northeast Research to encompass the newly created Head of National Life Science Research role. Reporting to Executive Managing Director of National Research Jonathan Mazur, Berthelette […]
News Release: MilliporeSigma Invests $25 Million to Expand Cell Culture Media Production in Kansas
NEWS RELEASE Lenexa, Kansas facility becomes company’s largest dry powder cell culture media facility and Center of Excellence in North America Boosts capabilities with additional 98,000 sq ft of manufacturing and redesigned lab space Investment to bring 60 jobs to Kansas City area Burlington, MA, July 12, 2023 – MilliporeSigma, the U.S. and Canada Life […]
News Release: JLL — Just Closed: Greenway Park, San Antonio, TX
Just Closed: Greenway Park, San Antonio, TX JLL Medical Properties Group (Capital Markets) is pleased to announce the sale of Greenway Park, a fully occupied medical office and life sciences building located in San Antonio, Texas. The 109,320 square foot property is strategically located along San Antonio’s innermost loop, Interstate 410, and less than one mile […]
Life Sciences: Five questions for Longfellow CEO Adam Sichol
Co-founder discusses the state of the market, current projects and future plans BOSTON – Perhaps not surprisingly, given their ready access to capital, the four largest owners of life sciences real estate (LSRE) are publicly traded real estate investment trusts (REITs), namely Alexandria Real Estate Equities Inc. (NYSE:ARE), the BioMed Realty unit of Blackstone Inc. […]
News Release: Hoyt Science Center addition gains LEED certification
The three-story laboratory addition to Westminster College’s Hoyt Science Center has been awarded Leadership in Energy and Environmental Design (LEED) v4 certification from the U.S. Green Building Council (USGBC), marking the College’s commitment to environmental sustainability. The 27-000-square-foot wing, completed in 2021, is Westminster College’s first LEED-certified building. The LEED rating system was developed by […]
News Release: Alexandria Real Estate Equities, Inc. Announces Closing of Its Amended Line of Credit for Additional Commitments of $1 Billion
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 29 Jun, 2023, 08:30 ET Alexandria’s banking syndicate continues to support the company’s world-class brand, differentiated business model and Labspace® market dominance Increase in commitments available under its unsecured senior line of credit to $5.0 billion further bolsters Alexandria’s already impressive liquidity PASADENA, Calif., June 29, 2023 […]
News Release: Alexandria Real Estate Equities, Inc.’s Pioneering, Foundational and Highly Amenitized Over 2 Million RSF Mega Campus in Greater Boston’s Fenway Solidifies Its Dominance in the New Collaborative Life Science Submarket
421 Park Drive (pictured above left) at the Alexandria Center® for Life Science – Fenway mega campus. Courtesy of Alexandria Real Estate Equities, Inc. (PRNewsfoto/Alexandria Real Estate Equities, Inc.) NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 28 Jun, 2023, 08:30 ET Alexandria announces sale to Boston Children’s Hospital of property that will constitute 268,000 […]
News Release: Boylston Properties and J.P. Morgan Successfully Refinance 100 Forge, a Fully Occupied Life Science Building in Arsenal Yards
The new $150M loan from Northwestern Mutual marks a significant milestone for the property team Tuesday, June 20 – Boston, MA – Boylston Properties, a Boston-based developer of mixed-use properties, and J.P. Morgan Global Alternatives today announced that they closed on a $150M loan from Northwestern Mutual on June 1, 2023, for 100 Forge, a […]
News Release: JLL arranges $750M construction loan for a mixed-use project near Harvard University
News Release The Enterprise Research Campus will feature 900,000 square feet of premier lab, residential, hospitality and retail space in Allston, Massachusetts BOSTON, June 22, 2023 – JLL’s Capital Markets group announced today that it has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-square-foot, mixed-use development […]
News Release: Cell and Gene Therapy CDMO Andelyn Biosciences Celebrates Over 20 Years of Leadership and Innovation with Opening of New 180,000 Square Foot Manufacturing Headquarters
Columbus, Ohio – June 22, 2023 – Andelyn Biosciences, a pioneer in the development and manufacturing of cell and gene therapies, today formally inaugurates its new manufacturing headquarters, the Andelyn Corporate Center (ACC), located in the Innovation District in Columbus, Ohio. The newly constructed state-of-the-art and regulatory-compliant facility complements Andelyn’s two existing facilities in Columbus. […]
News Release: Alexandria Real Estate Equities, Inc.’s In-Demand, Mission-Critical Labspace Assets in High-Barrier-to-Entry Markets Continue to Create Significant Value
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 22 Jun, 2023, 08:30 ET Alexandria successfully completes recapitalization of stand-alone operating property fully leased to multinational pharmaceutical company Takeda in San Diego’s University Town Center submarket at $981 per RSF and a strong cash cap rate of 4.5% Alexandria’s tenants rely on the company’s 24/7, high-intensity mission-critical […]