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 […]
News Release: Kilroy Realty Increases Common Dividend 3.8%
September 08, 2022 04:04 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) announced today that its board of directors declared a regular quarterly cash dividend of $0.54 per common share payable on October 12, 2022 to stockholders of record on September 30, 2022. The dividend is equivalent to an annual rate […]
Life Sciences: $278M financing secured for Massachusetts life science development
JLL Capital Markets arranged the construction loan for the 334,000-square-foot Boynton Gateway project in Somerville, Massachusetts BOSTON, Sept. 8, 2022 – JLL Capital Markets announced today that it has arranged the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Massachusetts. JLL represented the borrower, a joint venture […]
News Release: Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.18 per Common Share for 3Q22, for an Aggregate of $4.66 per Common Share for the 12 Months Ending September 30, 2022, Up 24 Cents, or 5 Percent, Over the 12 Months Ended September 30, 2021
PASADENA, Calif., Sept. 6, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.18 per common share for the third quarter of 2022. The dividend is payable on October 14, 2022, to shareholders of record on September 30, 2022. The common […]
News Release: Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.18 per Common Share for 3Q22
Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.18 per Common Share for 3Q22, for an Aggregate of $4.66 per Common Share for the 12 Months Ending September 30, 2022, Up 24 Cents, or 5 Percent, Over the 12 Months Ended September 30, 2021 NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Sep 06, 2022, […]
News Release: BGL Managing Director Jonathan Bluth Speaking at the Annual Healthcare Leadership & Executive Conference
The Zephyr Healthcare Advisors Annual Healthcare Leadership & Executive Conference – produced by Zephyr Healthcare Advisors – brings together leadership and experts in the healthcare industry to discuss the successes and challenges of healthcare transformation and care delivery. BGL Managing Director Jonathan Bluth will be a featured panelist for the session at this year’s conference […]
Life Sciences: Filling a void in the emerging Boulder, Colo., LSRE market
BREI talks with Ben Rosenfield and Bill Jencks about PMB’s new $280M development By Murray W. Wolf San Diego-based PMB, a longtime healthcare real estate (HRE) developer, and Montgomery Street Partners, a real estate private equity firm with offices in Dallas and New York, announced Wednesday (Aug. 31) that they have received town board approval […]
News Release: PMB and Montgomery Street Partners announce approval on the first speculative purpose-built life sciences project in Boulder County, CO
FOR IMMEDIATE RELEASE This new 365,000 sq. ft. facility in Boulder County will break ground in Q2 of 2023 and complete in Q3 of 2024 SUPERIOR, CO, Aug 31, 2022 – PMB, a leading healthcare real estate developer, in partnership with Montgomery Street Partners, received Superior Town Board approval on its final development plan for […]
Life Sciences: Topping Off Held For Watertown Life Science Campus
August 26th, 2022 | by High-Profile Watertown, MA – The Davis Companies and Boston Development Group (BDG) recently celebrated the ceremonial topping-off of Phase One of 66 Galen Street in Watertown, a 224,000rsf, purpose-built, Class A life science building designed by Elkus Manfredi Architects. This milestone marks the completion of the structural phase of construction […]
