News Release: JLL arranges $230M financing for Somerville life sciences development
15 McGrath Highway will be a 262,000 SF, state-of-the-art building designed to meet the needs of the growing Greater Boston-area life sciences market BOSTON, August 15, 2022 – JLL Capital Markets announced today that it has arranged a $230 million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling […]
Life Sciences: 2022 Mid-Year Life Science Overview & Market Clusters (Newmark)
Life science remains well-positioned to continue as one of the most sought after and top performing niche sectors in real estate despite recent macroeconomic deceleration, as both tenant and investor demand for laboratory, incubator, and biomanufacturing (GMP) space improved significantly throughout the COVID-19 pandemic. Key Takeaways Pricing for life science and R&D assets remains at […]
News Release: Breakthrough to Utilize its Expertise in Lab Development and Operations to Support Boulder’s Burgeoning Yet Underserved Biotech Community
BOULDER, Colo., Aug. 11, 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 acquired a 9.3-acre, four-building campus in Boulder, CO, which will be transformed into “Boulder 38 by Breakthrough” featuring 164,000-square-feet of office, lab […]
Life Sciences: Life sciences real estate: Still a ‘hot’ market
Despite challenges, Q2 was strong and LSRE professionals remain upbeat long term By Murray W. Wolf and Erin E. Porter NATIONWIDE – OK. Let’s get the bad news out of the way first. Inflation hit a four-decade high of 9.1 percent in June and, although the annualized rate eased slightly to 8.5 percent in July, […]
Life sciences: There will be a ‘hiccup,’ but LSRE prospects remain strong
Over the long haul, this industry will continue to grow, IMN conference panelists agree By John B. Mugford Any question about whether the life sciences real estate (LSRE) sector is in a bit of a bubble right now was put to rest during a panel session at the recent IMN (Information Management Network) Life Sciences […]
News Release: Catalent to Acquire Metrics Contract Services for $475M
Expands high-potent capabilities and oral development and manufacturing capacity. Catalent, Inc. has reached an agreement to acquire Metrics Contract Services, a full-service specialty contract development and manufacturing organization (CDMO) with a facility in Greenville, NC, for $475 million from Mayne Pharma Group Limited. The acquisition will strengthen Catalent’s capabilities in integrated oral solid formulation development, […]
News Release: Upcoming Midtown BioCenter Fully Leased to Morrisville-Based Life Sciences Company
Raleigh, NC – August 9, 2022 – CBRE|Raleigh is pleased to join East West Partners in announcing Morrisville-based TARGAN has leased the entire building at Midtown BioCenter located at the intersection of Six Forks Road and Wake Forest Road in Raleigh, NC. The research/R&D company will expand its operations into the 100,000 square foot former […]
News Release: Westmount Realty Capital Announces the Acquisition of Industrial Portfolio in Minneapolis
MINNEAPOLIS – August 9, 2022 – Westmount Realty Capital announced today the purchase of the West Tech Industrial Portfolio, a 316,752-square-foot portfolio consisting of five office/warehouse buildings in the western and southwestern suburbs of Minneapolis. The portfolio is strategically located within the Twin Cities Medical Alley and Golden Triangle. Spanning 126,936 square feet, the Class […]
News Release: NYC’s Technology Sector Attracts Venture Capitalists and Spurs New Real Estate Leasing
The New York City region’s burgeoning technology and life sciences sectors are attracting increasing interest from venture capitalists who are leasing new office space to be closer to innovation hubs, says Joseph Simone of Simone Development Companies. BRONX, N.Y. (PRWEB) AUGUST 08, 2022 — The New York City region’s burgeoning technology and life sciences sectors […]
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 […]