News Release: First post-incubation life science facility in Orange County completed by NexCore Group & HATCHspaces
NEWS PROVIDED BY NexCore Group Sep 22, 2022, 16:42 ET DENVER & LOS ANGELES, Sept. 22, 2022 /PRNewswire/ — NexCore Group, a leading health care developer, and HATCHspaces®, a real estate development platform focused on creating purpose-built life sciences facilities, have completed a full building transformation of an office building in Irvine, Calif. to a specialized, […]
News Release: Lendlease and Ivanhoé Cambridge Break Ground on FORUM, First Purpose-Built Life Science Development in Boston Landing
Drawing inspiration from surrounding athletic facilities, $500 million building to be an arena for innovation, strengthening emerging life sciences cluster in Boston’s Allston-Brighton neighborhood BOSTON (Sept. 22, 2022) — Lendlease and Ivanhoé Cambridge, global real estate leaders, today announced the start of construction on the partnership’s $500 million life science development at 60 Guest St. […]
News Release: Lendlease and Ivanhoé Cambridge Break Ground on FORUM, First Purpose-Built Life Science Development in Boston Landing
22 Sep 2022 Drawing inspiration from surrounding athletic facilities, $500 million building to be an arena for innovation, strengthening emerging life sciences cluster in Boston’s Allston-Brighton neighborhood BOSTON (Sept. 22, 2022) — Lendlease and Ivanhoé Cambridge, global real estate leaders, today announced the start of construction on the partnership’s $500 million life science development at […]
News Release: University of Maryland, Baltimore and Wexford Meeting Critical Demand for Wet Lab Space in Baltimore Region
Doubling the University of Maryland BioPark’s lab space, the two-phase 4MLK development project will represent more than $320 million in total capital investment BALTIMORE, Sept. 22, 2022 — University of Maryland, Baltimore (UMB) and Wexford Science & Technology, LLC, announced today that 4MLK, the newest development project in the University of Maryland BioPark, is slated to […]
News Release: GI Partners Announces the Acquisition of Premier Life Sciences Properties in Leading Coastal Markets
SCOTTSDALE, AZ, September 21, 2022 – GI Partners, a leading private investment firm, continues its strategy of acquiring and managing technology and science real estate by announcing the acquisition of four life sciences properties totaling over 407,000 square feet on behalf of its Essential Tech + Science Fund (GI Partners ETS Fund LP, the “ETS […]
News Release: MidCap Financial Closes First Mortgage on a 72,538 Square Foot Office Condominium in UCity Square, Philadelphia, PA to be Repurposed for Life Sciences and Medical Uses.
BETHESDA, MD, September 21, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a $24,660,000 transaction with Sounding Capital Partners. The floating rate first mortgage loan facilitated the acquisition and repositioning of a 72,538 square foot office condominium located at 3624 Market Street in UCity […]
News Release: Thermo Fisher Scientific Partners with Pennsylvania Biotechnology Center to Support Life Sciences Growth in Philadelphia
Lab incubators offer biotech residents flexible, plug & play lab and research space within a specialized network of resources, programming, and expertise WALTHAM, Mass., Sept. 21, 2022, (BUSINESS WIRE)–The Pennsylvania Biotechnology Center (PABC) announced that Thermo Fisher Scientific has become a founding sponsor supporting the PABC campus in Doylestown, Pa., and their new B+Labs incubator […]
News Release: TMC CEO unveils Plans for Growth of Texas Medical Center as a Leading Life Science Corridor
Annual State of the TMC showcases emerging campuses at Texas Medical Center September 20, 2022 03:18 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–William (Bill) McKeon, President and CEO of Texas Medical Center, today shared plans for the continued strategic growth of the Texas Medical Center at the annual State of the TMC, hosted by the Greater […]
News Release: Broad Institute expands in Kendall Square, leases additional 225,000 square-foot lab and office building for advanced biomedical research
NEWS / 09.20.22 Addition of six-story facility will bring Broad’s footprint in Kendall to nearly one million square feet, significantly increasing lab space for scientific innovation Broad Institute of MIT and Harvard plans to further expand in Kendall Square through the long-term lease of a 225,000 square foot facility at 300 Binney Street in Cambridge. […]
News Release: Johnson & Johnson Opens State-of-the-Art Science and Technology Campus in San Francisco Bay Area
Significant investment will enable world-class discovery research, innovation in data science and digital health and collaborations in the Bay Area BRISBANE, Calif., Sept. 20, 2022, (BUSINESS WIRE)–Johnson & Johnson (NYSE: JNJ) (the Company) today opened its San Francisco Bay Campus, a state-of-the-art Research & Development (R&D) facility in the Bay Area, one of the world’s […]
News Release: BXP Expands Life Sciences Portfolio in Kendall Square in Cambridge, MA
September 20, 2022 06:45 AM Eastern Daylight Time Completes Acquisition of 125 Broadway & Signs Lease to Redevelop 300 Binney Street BOSTON–(BUSINESS WIRE)–Sep. 20, 2022– BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the acquisition of 125 Broadway, a six-story, […]
News Release: LPC West and Intercontinental Real Estate Corporation Close on Future 9-Story Life Sciences Building Near Seattle’s Space Needle
SEATTLE, Sept. 15, 2022, (BUSINESS WIRE)–LPC West, the West Coast arm of national real estate firm Lincoln Property Company, has partnered with Intercontinental Real Estate Corporation (“Intercontinental”) to close on a future 9-story office building near Seattle’s Space Needle, with plans to develop the property into a life sciences space. Located on the border of […]
Life Sciences: LSRE conversions from coast to coast
From car dealerships to department stores, its seems that almost any property is fair game By Murray W. Wolf With lab space at a premium in nearly every cluster, life sciences real estate (LSRE) developers and investors have proposed or started construction of a dizzying array of mostly speculative facilities so far this year. There […]
News Release: Doheny Eye Institute Opens its Headquarters in Pasadena (Calif.)
NEWS PROVIDED BY Abbott Construction Sep 14, 2022, 10:37 ET Life Science Proves a Powerful Answer to Vacant Office Space PASADENA, Calif., Sept. 14, 2022 /PRNewswire/ — The new headquarters for Doheny Eye Institute, affiliated with UCLA Stein Eye Institute, are now open. Located at the former Avery Dennison campus on North Orange Grove Boulevard, […]
Life Sciences: CBRE Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update
Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update Key Takeaways from the Q2 2022 Issue: Medical Office • Medical office transactions slowed in Q2 2022 compared to the previous quarter. Quarter-over-quarter transaction volume dropped to $2.9 billion from $3.4 billion, a 14% decrease. • Despite a decrease in transaction volumes during the […]