News Release: Greystar Welcomes Matt Denoble To Expand Growing Life Sciences Verticle
PRESS RELEASE MAY 18, 2023 DeNoble brings more than two decades of asset management experience to the firm Boston, Massachusetts – May 18, 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, today announced that Matt […]
News Release: NexPoint Expands Life Sciences Real Estate Footprint with Acquisition of Two Properties from Adare Pharma Solutions
Properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering DALLAS, May 17, 2023 /PRNewswire/ — NexPoint, a multibillion-dollar alternative investment platform, today announced the acquisition of two life sciences industrial properties located in Philadelphia, Pennsylvania, from Frontida Biopharm, LLC, a company in the […]
News Release: TCC Signs Another Life Sciences Tenant At Fulton Labs In Chicago
PRESS RELEASE Charles River Laboratories Leased 8,800 Square Feet at 1375 West Fulton Chicago – May 15, 2023 – Trammell Crow Company (TCC), a global commercial real estate developer, signed a lease with Charles River Laboratories’ (CRL), at its Fulton Labs campus in Chicago. The company will occupy 8,776 square feet of space on the […]
News Release: Verséa Health, Inc. expansion to a larger facility in Tampa (FL)
May 8, 2023 by Natasha Svast We are pleased to announce our expansion to a larger facility and our plan to add 40 new jobs over the next 2-3 years. The new facility that we leased in downtown Tampa at 401 S. Florida Avenue has more than 14,000 square feet. It provides enough space for […]
Life Sciences: Ventas sees encouraging Q1 same-store growth for LSRE
Occupancy and NOI fell, but there’s more to the data than meets the eye, REIT officials say By Murray W. Wolf CHICAGO – During the past two weeks, BREI has taken a look at the first quarter (Q1) 2023 earnings reports from five of the top 10 owners of life sciences real estate (LSRE). In […]
News Release: HATCHlabs Named a 2023 NAIOP SoCal Awards Finalist for Interior Project of the Year
This prestigious nomination places HATCHlabs @ Irvine Spectrum among Southern California’s leading commercial real estate developments. DENVER, May 10, 2023 (Newswire.com) – HATCHlabs @ Irvine Spectrum, a joint development project between HATCHspacesⓇ, NexCore Science and Technology, BAM Creative, and HITT Contractors, was selected as a finalist for the 2023 NAIOP SoCal Awards under the “Interior […]
News Release: Ryan Partners with C. S. McCrossan to Develop Minnesota Science and Technology Center
MAPLE GROVE, MN ( MAY 09, 2023 ) For more than 60 years, a 100-acre site located in the Maple Grove, Minn. served as a source of high-quality aggregate used by C. S. McCrossan in the construction of many of the Twin Cities’ largest road and infrastructure projects. Now, this site has a new purpose. […]
News Release: Diversified Healthcare Trust Announces First Quarter 2023 Results
May 08, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Reports section of DHC’s website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC’s first quarter 2023 financial results will be held on Tuesday, […]
News Release: D2 Capital Advisors Arranges $130,000,000 Construction Financing for Center City Trophy Life Science Development in Philadelphia, PA
NEWS PROVIDED BY D2 Capital Advisors May 08, 2023, 09:42 ET PHILADELPHIA, May 8, 2023 /PRNewswire/ — D2 Capital Advisors arranged $130,000,000 in construction financing for the development of 2300 Market Street, a 223,000 square foot state-of-the-art life science project in Philadelphia’s Center City West submarket being developed by Breakthrough Properties, a leading global developer of […]
Life Sciences: Office REITs are leaning in to life sciences
Firms are focusing on LSRE as the traditional office sector struggles NATIONWIDE – Diversified real estate investment trusts (REITs) are placing a greater emphasis on life sciences real estate (LSRE) these days as the traditional office sector struggles. As first quarter (Q1) earnings reports continue to be released, it is growing increasingly apparent that LSRE […]
News Release: Breakthrough Properties Closes Financing and Commences Construction on World-Class Life Sciences Development in Premier Philadelphia Location
NEWS PROVIDED BY Breakthrough Properties May 03, 2023, 15:11 ET “2300 Market by Breakthrough” in Center City is fast-tracked for delivery in 2024 PHILADELPHIA, May 3, 2023 /PRNewswire/ — Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has closed […]
Life Sciences: Largest LSRE owners still upbeat despite challenges
Alexandria, BioMed/Blackstone and Healthpeak say they remain committed By Murray W. Wolf The four largest owners of life sciences real estate (LSRE) are publicly traded companies, and three of those released their first quarter (Q1) earnings reports in recent days. So how are their executives feeling about the current state of the LSRE market during […]
News Release: Office Properties Income Trust Announces First Quarter 2023 Results
April 26, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Office Properties Income Trust (Nasdaq: OPI) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Results section of OPI’s website at https://www.opireit.com/investors/financial-information/default.aspx. A conference call to discuss OPI’s first quarter results will be held on […]
News Release: Increase in Lab Vacancy in Q1 Opens More Options for Life Sciences Companies
Press Release FOR IMMEDIATE RELEASE Life sciences employment and average rental rates are up, while venture capital is down in first quarter Dallas – April 26, 2023 – Lab vacancy increased across the top 13 U.S. life sciences markets in the first quarter, providing relief for companies that had found little available space in recent […]
News Release: Topping-Off Ceremony Marks New Phase and Mission of St. Vincent Health Sciences Center
April 25, 2023 On a bright, sun-splashed morning at St. John’s University’s Queens, NY, campus, the final piece of steel in the construction of the innovative St. Vincent Health Sciences Center was hoisted three stories above a cheering crowd. Gathered to witness the milestone event on April 25 were an eclectic mix of clergy, Trustees, […]