Thought Leaders: Berkadia Medical & Life Sciences – Summer 2024 Research Report
MEDICAL & LIFE SCIENCES REPORT SUMMER 2024 | BERKADIA RESEARCH Medical & Life Sciences Research Report Berkadia is pleased to present our latest Medical & Life Sciences Research Report, analyzing data from the first half of 2024. The medical and life sciences industry encompasses a broad range of sectors involved in the research, development, manufacturing, […]
News Release: BioMed Realty Celebrates 20 Years of Delivering Mission-Critical Life Science Real Estate
SAN DIEGO–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the celebration of the Company’s 20th anniversary. Founded in 2004, BioMed Realty was one of the first real estate companies to cater to the life science industry, delivering Class A, mission-critical lab space to the […]
News Release: The RMR Group Announces Vertex Pharmaceuticals’ 15-Year Lease Renewal for 1.1 Million Square Feet in Boston’s Seaport District
NEWTON, Mass.–(BUSINESS WIRE)—The RMR Group (Nasdaq: RMR) today announced the early renewal of the Vertex Pharmaceuticals Incorporated (“Vertex”) lease for 1.1 million square feet of office and laboratory space at 50 Northern Avenue and 11 Fan Pier Boulevard in Boston, Massachusetts. Vertex’s existing lease, which expires in December 2028, was extended for approximately 15 years, […]
News Release: Lilly opens state-of-the-art research and development center in the Boston Seaport
Lilly Seaport Innovation Center (LSC) serves as the central hub for Lilly’s genetic medicines efforts and houses the first East Coast Lilly Gateway Labs New 346,000 square foot facility will accommodate approximately 500 Lilly scientists and researchers, in addition to 200 people from Lilly Gateway Labs’ companies INDIANAPOLIS, Aug. 13, 2024 /PRNewswire/ — Eli Lilly and […]
News Release: Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets
Unique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots! August 12, 2024 02:00 PM Eastern Daylight Time SAN DIEGO–(BUSINESS WIRE)–Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter […]
Life Sciences: Alexandria’s frustration with NYC boils over
Long exasperated with city officials, the life sciences REIT takes legal action By Murray W. Wolf As has been widely reported, Alexandria Real Estate Equities Inc. (NYSE: ARE) filed a lawsuit in U.S. District Court last Tuesday, Aug. 6, against the New York City Health + Hospitals Corporation (H+H) and the New York City Economic […]
Life Sciences: Longfellow’s vacant Emeryville, Calif., campus faces a lawsuit and plans for a partial sale
EMERYVILLE, Calif. – In spring 2021, when the life sciences real estate (LSRE) frenzy was near its peak, Longfellow Real Estate Partners LLC proposed the development of a new, three-building, 965,322 square foot residential and office/lab project in Emeryville. The project was to entail the redevelopment of three industrial parcels totaling nearly 7.3 acres, just […]
News Release: Texas Tech Officials Cut Ribbon on Newest Academic Facility
The Academic Sciences Building offers greater opportunities for collaboration, research and experiential learning. Officials from Texas Tech University, the Texas Tech University System and other community stakeholders celebrated during a ribbon-cutting ceremony today (Aug. 9), officially declaring the Academic Sciences Building (ASB) open for business just as a new academic year appears on the […]
News Release: Andrew Galvin Appointed to RI Bio Board
Aug 2, 2024 RI Bio, Southeastern New England’s life sciences trade group, announced the appointment of Andrew Galvin, Senior Vice President of CBRE, Inc., to its board of directors at its June meeting. Mr. Galvin has been with CBRE, Inc. for over 15 years, concentrating on office leasing and office investment sales. He is currently […]
News Release: Shapiro Administration Invests Nearly $3 Million to Bring Adare Pharma Solutions’ Headquarters to Pennsylvania, Creating 115 New, Well-Paying Jobs in Philadelphia
The life sciences company is investing at least $16.8 million to relocate its headquarters to PA from New Jersey and upgrade its two current Philadelphia facilities, building on Pennsylvania’s reputation as a life sciences leader. FROM THE OFFICE OF PENNSYLVANIA GOVERNOR JOSH SHAPIRO Harrisburg, PA, August 1, 2024 – Today, Governor Josh Shapiro announced the […]
News Release: Portal Innovations Partners with the University of Chicago at Hyde Park Labs to Launch New Science Incubator
August 01, 2024 11:04 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Portal Innovations, a national venture creation and development platform, is partnering with the University of Chicago’s Polsky Center for Entrepreneurship and Innovation to design and manage a science startup incubator at Hyde Park Labs. The UChicago Science Incubator will encompass approximately 22,000 square feet at Hyde […]
Life Sciences: Lilly opens R&D center in Boston Seaport District
Majority owned by Alexandria, 15 Necco St.’s life sciences space is fully leased By Murray W. Wolf The life sciences real estate (LSRE) development pipeline continues to add millions of square feet of speculative space to a market that has already endured two years of steadily falling occupancy rates. But here is some good news: […]
News Release: Net Absorption of Lab Space Grew Nationally in the Second Quarter
Meanwhile, construction completions totaling 5 million sq. ft. push vacancy rate to 16.7% Dallas – Aug. 1, 2024 – The U.S. life sciences real estate market generated positive net absorption in the second quarter while a wave of construction completions nonetheless increased the national lab vacancy rate, according to a new report from CBRE. Net absorption […]
News Release: BXP Announces Second Quarter 2024 Results
Exceeded Q2 Guidance for EPS and FFO, Executed More Than 1.3 Million Square Feet of Leases in Q2, and Named One of the World’s Most Sustainable Companies by TIME Magazine BOSTON–(BUSINESS WIRE)–Jul. 30, 2024— BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the […]
Life Sciences: Alexandria adjusts to a ‘sector bear market’
REIT says it has adapted since the LSRE bull run ended in 2021 By Murray W. Wolf PASADENA, Calif. – Alexandria Real Estate Equities Inc. (ARE) reported a mixed bag of second quarter (Q2) 2024 financial results Monday, July 22, exceeding Wall Street expectations regarding some metrics but falling short in others. But the Pasadena-based […]
