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, […]
News Release: Breakthrough Properties Unveils Plans for Vitrum by Breakthrough In Cambridge’s (U.K.) Most Advanced Life Sciences Environment
NEWS PROVIDED BY Breakthrough Properties Apr 25, 2023, 10:42 ET Renowned Global Architecture Firm Henning Larsen Has Designed the Innovative UK Facility in St John’s Innovation Park CAMBRIDGE, England, April 25, 2023 /PRNewswire/ — Breakthrough Properties, a leading global life sciences real estate developer, today unveiled development plans for Vitrum by Breakthrough, a world-class research […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 1Q23 Net Income per Share – Diluted of $0.44; and 1Q23 FFO per Share – Diluted, As Adjusted, of $2.19
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 24, 2023, 16:10 ET PASADENA, Calif., April 24, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2023. Key highlights Operating results 1Q23 1Q22 Total revenues: In millions $ 700.8 $ 615.1 Growth 13.9 % Net income (loss) […]
News Release: Bulfinch’s Leasing Activity Grows In Needham (Mass.)
BOSTON, MA – April 20, 2023 117 Kendrick Street Welcomes New and Expanded Tenants in Needham Crossing An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, today announces multiple new leases at 117 Kendrick Street along with tenants executing expansions and extensions at the property. The property has seen […]
News Release: Brandywine Realty Trust Announces First Quarter (2023) Results
April 19, 2023 16:30 ET | Source: Brandywine Realty Trust PHILADELPHIA, April 19, 2023 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2023. Management Comments “During the first quarter, we made excellent progress on our 2023 business plan highlighted by achieving 71% of our […]
News release:Stockdale Committing Over $20 million to Complete Full-Building Life Science/Lab Conversion of Ilume in Scottsdale, AZ
– Hires Cushman & Wakefield as Project Leasing Team For Immediate Release PHOENIX, Ariz. – April 17, 2023 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based, vertically-integrated real estate investment firm, is committing over $20 million on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, Arizona to be a fully lab-enabled […]
News Release: Wheeler Bio Announces Closing of $31 Million Series A Round Supporting its Clinical (CGMP) Drug Substance Manufacturing Facility in Oklahoma City
NEWS + PR APRIL 2023 OKLAHOMA CITY, OK, April 13, 2023 – Wheeler Bio, Inc., a boutique contract development and manufacturing organization (CDMO) specializing in process development and small batch CGMP production of therapeutic antibodies, announced the closing of their Series A financing round. The round was co-led by Charles River Laboratories (NYSE:CRL) and Echo […]