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 […]
Life Sciences: Drexel Opens Health Sciences Building, Solidifying Its Place As a Leader in Health Care Education and Scientific Training
SEPTEMBER 13, 2022 PHILADELPHIA — In a historic move, Drexel University will open a new 460,000-square-foot, state-of-the-art academic home that will bring together the University’s College of Nursing and Health Professions, College of Medicine, and Graduate School of Biomedical Sciences and Professional Studies in University City, enhancing collaboration, research and practice opportunities. The Health Sciences […]
News Release: Citizens provides $113.6 million loan to Longfellow Real Estate Partners
09/13/2022 Funds to finance acquisition of Emeryville, Calif., properties and conversion into life science labs PROVIDENCE, RI – Citizens announced today that its Commercial Real Estate Finance team provided a $113.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens […]
News Release: Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster
Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster, the Only Early-Stage Life Science Ecosystem Among the Major Life Science Clusters in the United States NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Sep 12, 2022, 16:05 ET Innovating at the vanguard and heart of New […]