News Release: Langham Logistics Cuts Ribbon On Life Science Facility
News Release August 8, 2022 Langham Logistics, a global leader in providing transportation, warehousing, and distribution services to life sciences, announced a ribbon cutting ceremony with state officials at their new life sciences services warehouse in Whitestown, Indiana. The new warehouse boasts 161,000 square feet of pallet space, including more than nine thousand spaces at […]
News Release: Thermo Fisher Scientific Expands Cell Culture Media Manufacturing Site in Grand Island, New York
$76 million investment increases the site’s capacity to produce critical raw materials used in the development and manufacturing of vaccines and biologic therapies GRAND ISLAND, N.Y., Aug. 4, 2022 – To meet increasing global demand for cell culture media used in the manufacturing of new vaccines and biologics, Thermo Fisher Scientific has expanded its dry […]
Life Sciences: Life Sciences Real Estate Market Logs Q2 Gains As Industry Expands
Lab space across 12 largest US biotech hubs registered rent increase, vacancy decline even as headwinds challenged broader economy Dallas – August 4, 2022 – Lab space across the 12 largest U.S. life sciences hubs made additional gains in the second quarter, including an increase in lease rates and a decrease in vacancy despite more construction […]
News Release: Amgen to acquire ChemoCentryx for $4 billion in cash
NEWS PROVIDED BY Amgen Aug 04, 2022, 08:00 ET Acquisition Includes TAVNEOS® (avacopan), a First-in-Class Medicine for Patients With Serious Autoimmune Disease Tavneos Adds to Amgen’s Decades-Long Leadership in Inflammation and Nephrology THOUSAND OAKS, Calif. and SAN CARLOS, Calif., Aug. 4, 2022 /PRNewswire/ — Amgen (NASDAQ: AMGN) and ChemoCentryx, Inc., (NASDAQ: CCXI), a biopharmaceutical company focused […]
News Release: Breakthrough Properties Commences Construction of One Canal by Breakthrough, a Premier Life Science Research Center Along East Cambridge Waterfront
One Canal Will Cater to Mission-Driven Companies in One of the World’s Leading Biotech Clusters BOSTON, Aug. 3, 2022 /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 commenced construction on the redevelopment of One Canal […]
News Release: Lab/R&D Space Market Remains Strong Despite H1 2022 Drop in Life Sciences Funding
After peaking in 2021, life sciences funding has plunged this year due to market uncertainty, falling company valuations and venture capital (VC) firms reducing their activity to focus on raising new funds. This decline was sharpest in the IPO market, with an 84% year-over-year decrease in H1 2022 funding. Life sciences companies averaged nearly 38 […]
News Release: Guardian Realty Investors Announce New Life Sciences Laboratory at 20400 Observation Drive, Germantown, MD
GERMANTOWN, MD (AUGUST 2022) – Guardian Realty Investors, LLC announced their new life sciences lab location at 20400 Observation Drive, Germantown MD, known as OBSERVATION LABS. This re-imagined former industrial and technology building will also provide extraordinary amenities, gathering spaces and best-in-class finish levels. Guardian is a developer and operator of office, multi-family and specialized […]
Life Sciences: Red-hot LSRE sector poised for a bit of a cooldown
However, panelists at recent LSRE conference in San Diego remain bullish on the space By John B. Mugford SAN DIEGO – For the past decade or so, the life sciences real estate (LSRE) sector has been a “magical” space for facility owners. That’s because the LSRE sector – which primarily includes office/lab space, but also encompasses […]
News Release: Sale of life science building in suburban Philadelphia closes
News release JLL Capital Markets facilitated the sale of 466 Devon Park Dr., a fully leased lab facility in Wayne, PA August 02, 2022 PHILADELPHIA – August 2, 2022 – JLL Capital Markets announced today that it has closed the sale of 466 Devon Park Dr., a 155,200-square-foot GMP rated lab facility in Wayne, Pennsylvania, […]
News Release: NYC Healthcare Innovation Campus, Cure®, Fuels Economic Growth
17 companies across the healthcare industry join Cure’s ecosystem More than $550 million raised by residents since 2021 Cure hosts 40 industry events engaging 2,000 healthcare leaders to date NEW YORK, Aug. 2, 2022–(BUSINESS WIRE)–Cure, a New York City healthcare innovation campus designed by Deerfield Management, fuels economic growth. The Cure building has attracted 17 […]
News Release: Sale of life science building in suburban Philadelphia closes
JLL Capital Markets facilitated the sale of 466 Devon Park Dr., a fully leased lab facility in Wayne, PA PHILADELPHIA – August 2, 2022 – JLL Capital Markets announced today that it has closed the sale of 466 Devon Park Dr., a 155,200-square-foot GMP rated lab facility in Wayne, Pennsylvania, a suburb of Philadelphia. JLL […]
News Release: CBRE Hires Senior Executive James Bennett to Bay Area Life Sciences Team
Bennett adds over 30 years of experience in life sciences sector across the West Coast Palo Alto, Calif. – Aug. 1, 2022 – CBRE announced the hire of James Bennett as Vice Chairman in Palo Alto. Mr. Bennett will join CBRE’s life sciences practice in the San Francisco Bay Area, bringing over 30 years of […]
News Release: Strong life sciences demand fuels $82M sale of Fremont Labs
JLL Capital Markets led the sales efforts for the Class A life sciences asset in the Bay area’s Central I-880 corridor SAN FRANCISCO – August 1, 2022 – JLL Capital Markets announced today that it has closed the $82 million sale of Fremont Labs, a recently renovated, Class A life sciences property totaling 89,000 square […]
News Release: JLL secures $585M financing for mixed-use development in Boston
Allston LabWorks will comprise life sciences, retail and multi-housing space at 250, 280 and 305 Western Ave. in Boston’s Allston neighborhood BOSTON, August 1, 2022 – JLL’s Capital Markets group announced today that it has arranged $585 million in construction financing for a mixed-use project consisting of 580,905 square feet of life sciences, retail and […]
News Release: SmartLabs Announces Plans to Expand High-Performance Laboratory Facilities in Philadelphia
– State-of-the-art laboratory space will become available in 2025 – New building will bring SmartLabs to its third city in the United States BOSTON, Aug.1, 2022, BUSINESS WIRE)–Capitalizing on Philadelphia’s emergence as a national hub for cell and gene therapy, SmartLabs, a Boston-based Laboratory-as-a-Service (LaaS) leader, today announced plans to open its first facility in […]