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 […]
News Release: JLL Life Sciences Industry Insight, San Diego Q2 2022
Market uncertainty causes a slowdown in tenant demand and deal velocity VC investment remains active, boosted by new mega- funds raised by prominent VC’s The local life sciences sector secured over $1.1B in VC funding during Q2, led by Resilience securing a $625M Series D round, bringing the company’s total raised capital to over $2B. […]
News Release: Newmark Arranges $514 Million in Construction Financing for Phase I of Assembly Innovation Park in Somerville, Massachusetts
The financing is one of Greater Boston’s first “green loans” and among $4+ billion in recent and active life science transactions by Newmark’s Boston Debt & Structured Finance group BOSTON, Aug. 1, 2022 /PRNewswire/ — Newmark announces the arrangement of $514 million in construction financing for Phase I of Assembly Innovation Park, a 485,000-square-foot life […]
News Release: $165M refinancing arranged for San Diego life sciences campus
JLL Capital Markets led financing efforts for Genesis Science Center, a four-building life sciences campus in the Sorrento Mesa submarket SAN DIEGO – July 29, 2022 – JLL Capital Markets announced today that it has arranged a $165 million refinancing for Genesis Science Center, a four-building, life sciences R&D campus totaling 252,000 square feet in […]
News Release: Abbott Laboratories Life Science Campus in Minneapolis trades hands
JLL Capital Markets and CBRE facilitated the sale of the 280,289 SF portfolio to Virtus Real Estate Capital MINNEAPOLIS – July 28, 2022 – JLL Capital Markets, working alongside CBRE, has announced today that it has closed the sale of Abbott Laboratories Life Science Campus, a four building, 280,289-square-foot life science portfolio in Minneapolis, Minnesota. […]
News Release: Aviridi Names Real Estate Veteran Jeffrey Rutishauser as Strategic Advisor, Expands Footprint of Philadelphia Life Sciences Corridor
Former CEO of Amstar Global and co-head of AIG/Lincoln has overseen more than 13 million square feet and $10 billion of commercial development PHILADELPHIA, July 28, 2022 (GLOBE NEWSWIRE) — Philadelphia’s life science corridor is one of the top 10 life sciences research talent clusters in the United States, according to a report from CBRE, […]
News Release: Diversified Healthcare Trust Expands its Portfolio of Life Science Properties In the San Francisco Bay Area Market with $82 Million Acquisition
NEWTON, Mass., July 28, 2022–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has acquired 47071 Bayside Parkway located in Fremont, CA for $82 million, excluding closing costs, reflecting a current GAAP cap rate of 6.5% at closing. The recently renovated asset includes 89,000 rentable square feet of lab and corporate headquarters space that […]