News Release: Alexandria Real Estate Equities, Inc.’s Unique, Highly Sought-After Labspace Assets in High-Barrier-to-Entry Markets Continue to Generate Strong Financial Returns
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 20 Jun, 2023, 08:30 ET Alexandria completes sale of non-core Labspace® assets in Greater Boston market Alexandria is at the vanguard and heart of the over $5 trillion life science industry, which is poised for continued secular growth Alexandria’s tenants rely on the company’s 24/7, high-intensity mission-critical life […]
News Release: CBRE Arranges Full-Building Lease for Life Sciences Company in Boulder, Colorado
New supply helping to alleviate historical supply-demand imbalance in Boulder’s life sciences sector June 16, 2023 CBRE announced that CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, Colorado. The company will occupy 61,117 sq. ft. across both floors at 2300 55th Street. Blake Harris with CBRE represented the building’s […]
News Release: Land & Buildings Issues White Paper Detailing Impact of Work From Home Trend On Life Science Office Market
Analysis Shows Employee Attendance in Life Science Buildings with a Combination of Laboratory and Office Space Down 50% Compared to Pre-Pandemic Levels – On Par With Traditional Office Buildings Following an In-Depth Analysis of Alexandria Real Estate Equities’ Portfolio, Land & Buildings Predicts Shares Could See ~30-40% Downside From Current Levels June 16, 2023 08:00 […]
News Release: Alloy Properties acquires portfolio of life science assets in Cambridge and Waltham (Mass.)
June 14, 2023 Alloy Properties Acquires Best-In-Class Life Science Assets in Cambridge and Waltham Acquisition marks entry into the top global life science market of Cambridge; brings life science platform’s footprint in Boston to 1.8 million square feet Dallas – June 14, 2023 – Alloy Properties (“Alloy”), a national life science and innovation platform backed […]
News Release: ProKidney plans to invest up to $485 million and create as many as 330 jobs in Greensboro
TUESDAY, JUNE 13, 2023 – 00:00 RALEIGH, N.C. ProKidney, Corp., a late clinical-stage cellular therapeutics company focused on chronic kidney disease (CKD), will be establishing a new biomanufacturing facility in Guilford County, potentially creating up to 330 jobs, Governor Roy Cooper announced today. ProKidney, Corp., a late clinical-stage cellular therapeutics company focused on chronic kidney […]
News Release: Brown to publicly present plans for life sciences building, athletics practice facility in June
Pending approval from the City of Providence, the University plans to build a new laboratory space for cutting-edge life sciences research and boost its athletics program with a proposed new indoor training facility. PROVIDENCE, R.I. [Brown University] — After key approvals by its governing board in late May, Brown University will present plans for a […]
News Release: Kennedy Wilson Acquires First Tranche of $5.7 Billion Loan Portfolio From Pacific Western Bank
Off-market transaction will expand Kennedy Wilson’s national footprint and debt investment platform by initially adding over $2 billion to fee-bearing capital BEVERLY HILLS, Calif.–(BUSINESS WIRE)– Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson (NYSE: KW) has closed on the initial tranche of […]
News Release: Bristol Myers Squibb Receives U.S. FDA Approval of New State-of-the-Art Cell Therapy Manufacturing Facility in Devens, Massachusetts
The company’s third commercial CAR T manufacturing facility in the U.S. further extends Bristol Myers Squibb’s leadership in cell therapy June 08, 2023 04:16 PM Eastern Daylight Time PRINCETON, N.J.–(BUSINESS WIRE)–Bristol Myers Squibb (NYSE: BMY) today announced that the U.S. Food and Drug Administration (FDA) has approved commercial production at the company’s newest cell therapy […]
News Release: CBRE Analysis: Persistent Expansion in the Number of US Life Science Researchers Highlights Resiliency of US Life Sciences Job Market
Press Release FOR IMMEDIATE RELEASE CBRE’s second annual analysis of US life sciences research talent finds the number of researchers has not declined in more than 20 years, through three recessions Boston/Cambridge remains the top market for life sciences research talent, with Philadelphia and Miami/Fort Lauderdale among the metros that improved the most over the […]
News Release: Just Closed –100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
Capital Markets | Healthcare & Life Sciences Just Closed 100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle CBRE Transaction Highlights Date Closed: 5/25/2023 Size: 60,192 SF Occupancy: 100% Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Duke Medical […]
Life Sciences: Supply is outpacing demand, with more in the pipeline
RevistaLab data shows falling occupancies, fewer transactions in Q1 2023 By Murray W. Wolf and John B. Mugford Life sciences real estate (LSRE) construction completions are outpacing space absorption, which is driving down occupancy rates. Meanwhile, the pace of sales transactions has slowed considerably during the past two quarters. That’s not news to anyone familiar […]
News Release: Skanska secures zoning rights for 158,000 sqm in Boston’s Longwood Medical Area, Boston, USA, for USD 344M, about SEK 3.7 billion
STOCKHOLM, June 1, 2023 /PRNewswire/ — Skanska has closed on a land investment with Simmons University and secured the development rights for a 158k sqm development, Longwood Place, in the Longwood Medical Area. The initial investment is USD 344M, about SEK 3.7 billion. Payment for the land acquisition will be made successively up to 2026, by […]
News Release: Oxford Properties Completes US$91 Million Sale of Newly Constructed, 140,000 Square Foot Boston GMP Facility to Pioneering Biotechnology Firm Moderna
– Originally acquired by Oxford as a development and investment opportunity in 2021, the transaction highlights continued institutional demand for best-in-class biomanufacturing space – BOSTON, May 30, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, today announced the sale of 149 Hayes Memorial Drive, a newly built, […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: Bergman Real Estate Group Announces New Long-Term Lease at 500 College Road East in Princeton
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]