News Release: Trammell Crow Company and Invesco Real Estate Partner to Develop State-of-the-Art Life Science Building in Boston
Boston, MA | July 13, 2022 — Trammell Crow Company (TCC), a global commercial real estate developer, and joint venture partner Invesco Real Estate, a global real estate investment manager, announced plans to develop a purpose-built, state-of-the-art life science building in Lexington, Massachusetts. Located at 440 Bedford, the completed development will be a six-story, Class […]
News Release: Westat to Sell Research Square for $25.5M
FOR IMMEDIATE RELEASE CBRE represented Westat in this life sciences conversion opportunity Washington, D.C.– July 12, 2022 – Westat, an employee-owned research company headquartered in Rockville, Maryland, completed the sale of Research Square for $25.5 million. The site represents a premier life sciences conversion opportunity located in Rockville, Maryland, the life sciences hub of the […]
Life Sciences: Growth in Cell & Gene Therapy predicts a wave of demand for biomanufacturing space
The complexities of the emerging sub-asset class are creating both challenges and opportunities for growing companies looking for speed to market CHICAGO, July 11, 2022 – As life sciences employment grows in both major and emerging life sciences markets, advancements in innovation are accelerating across the United States. Yet real estate development occurs on a […]
News Release: Newmark Completes Sale of 100 Rustcraft Road in Dedham, Massachusetts
RJ Kelly and Independencia Asset Management sell flex/R&D/laboratory asset to Invesco Real Estate DEDHAM, Mass., July 11, 2022 — Newmark announces the sale of 100 Rustcraft Road, a flex, R&D and laboratory asset located in the suburban Boston community of Dedham, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Vice Chairman Edward Maher, Vice […]
News Release: CBRE Investment Management Fund Acquires Majority Interest in Class A Life Sciences Property in Boston’s East Cambridge Neighborhood
Fund Further Expands Emerging Growth Portfolio in the Top Life Sciences Market in the U.S. BOSTON, Mass., July 6, 2022 — A fund sponsored by CBRE Investment Management has acquired a majority interest in 300 Third Street, a 132,000-square-foot, Class A life sciences building located in the Kendall Square/East Cambridge neighborhood of Boston, through a […]
News Release: Longfellow Welcomes Jordan Betz as Newest Managing Director, Portfolio Leasing
Durham, NC (July 5, 2022) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings in the US, has announced the addition of Jordan Betz as Managing Director, Portfolio Leasing. As Managing Director, Portfolio Leasing, Jordan will execute the firm’s strategic business plans throughout its national and international portfolio […]
News Release: Transwestern Ventures Brings State-of-the-Art Biomanufacturing Campus to Vacaville, CA
Speculative Bay Area Project Will Deliver Up to 390,000 SF of Life Sciences Space VACAVILLE, Calif., June 30, 2022 (GLOBE NEWSWIRE) — Transwestern Ventures (TWV) and the City of Vacaville together announce plans to develop a 390,000-square-foot biomanufacturing campus on 22.4 acres in Vaca Valley Business Park, located at the interchange of I-80 and I-505 […]
News Release: Doheny Eye Institute Celebrates New Headquarters in Pasadena
Los Angeles (June 30, 2022) – Doheny Eye Institute, a top-ranked nonprofit organization proudly affiliated with UCLA Stein Eye Institute and dedicated to furthering the conservation, improvement, and restoration of human eyesight since 1947, was pleased to have hosted the grand opening of its new headquarters in Pasadena on June 23, 2022. The event welcomed […]
News Release: Diversified Healthcare Trust Announces Sale of Additional 10% Equity Interest in Life Science Property Located in Boston Seaport District
DHC Receives Proceeds of Approximately $108 Million NEWTON, Mass., June 29, 2022–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint […]
News Release: Diversified Healthcare Trust Announces Sale of Additional 10% Equity Interest in Life Science Property Located in Boston Seaport District
NEWTON, Mass., June 29, 2022 –(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint venture partner for a purchase price […]
News Release: Gov. Kemp: Boston Scientific Expands Research Capabilities in Georgia with $62.5 Million Investment in Johns Creek
JUNE 28, 2022 Atlanta, GA – Governor Brian P. Kemp today announced that Boston Scientific, a leading manufacturer of medical devices used in interventional medical specialties, will construct a new manufacturing and supply chain facility in Johns Creek. The $62.5 million investment is expected to bring roughly 340 new jobs to Fulton County over the […]
News Release: Hobbs Brook Real Estate delivers 507,000 SF life sciences, office development in Metro Boston
The premier life sciences development is LEED® Gold designed, along the Waltham Route 128 technology belt. WALTHAM, MASS. (PRWEB) JUNE 28, 2022 — Hobbs Brook Real Estate LLC (HBRE), a pioneering developer, owner and operator of premier office and life science space throughout the United States and Singapore, today announced that it has completed its […]
News Release: Just Financed – One Discovery Square
Capital Markets | Healthcare & Life Sciences Just Financed CBRE Transaction Highlights Date Closed 06/09/2022 Size 81,428 SF Occupancy 100% One Discovery Square CBRE U.S. Healthcare and Life Sciences Capital Markets has arranged the financing for One Discovery Square (the “Property”), located in Rochester, Minnesota. Zack Holderman and Jesse Greshin acted as exclusive advisors to Mortenson Properties in […]
News Release: BioMed Realty Announces Landmark Lease with Takeda at 585 Kendall to Accommodate Cambridge Expansion
CAMBRIDGE, Mass., June 22, 2022 06:00 AM Central Daylight Time, (BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced that Takeda has leased the entire leading-edge research and development project totaling approximately 600,000 square feet in Kendall Square located at 585 Third Street in Cambridge, […]
News Release: Just Closed – Spectra Labs (Rockleigh, N.J.)
Capital Markets | Healthcare & Life Sciences Just Closed 100% Net-Leased Life Science Facility with Investment Grade Tenancy (Moody’s ‘Baa3’) CBRE Transaction Highlights Date Closed 06/08/2022 Size 204,495 SF Occupancy 100% Spectra Labs CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Spectra Labs (the “Property”) located in Rockleigh, New Jersey, to […]