Life Sciences: Life sciences: The very definition of “hot”
High demand, low vacancies and rising rents are fueling investment, development, repurposing and other trends in this sizzling sector By Erin E. Porter Editor’s note: At HREI™, we’ve always believed that the best way to succeed in any business is to listen to the marketplace. So after taking note of the growing chorus of voices […]
News Release: Healthpeak Properties Reports First Quarter 2022 Results
NEWS PROVIDED BY Healthpeak Properties, Inc. May 03, 2022, 16:15 ET DENVER, May 3, 2022 /PRNewswire/ — Healthpeak Properties, Inc. (NYSE: PEAK) today announced results for the first quarter ended March 31, 2022. FIRST QUARTER 2022 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Net income of $0.13 per share, Nareit FFO of $0.45 per share, FFO as Adjusted of $0.43 per share, and blended Total Same-Store Portfolio […]
News Release: Breakthrough Properties Acquires St. John’s Innovation Park Building in Cambridge, UK’s Premier Life Sciences and Technology Cluster
Breakthrough Expands Platform in Europe with Second U.K. Acquisition in 2022 LOS ANGELES and LONDON, May 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 acquired The Vitrum Building, located on 1.8 acres inside […]
Life Sciences Real Estate: The very definition of “hot”
High demand, low vacancies and rising rents are fueling investment, development, repurposing and other trends in this sizzling sector By Erin E. Porter Editor’s note: At HREI™, we’ve always believed that the best way to succeed in any business is to listen to the marketplace. So after taking note of the growing chorus of voices […]
News Release: Lincoln Property Company And FCP Announce New Speculative Life Sciences Campus Development Near Boulder, Colorado
NEWS PROVIDED BY FCP May 02, 2022, 10:00 ET DENVER, May 2, 2022 /PRNewswire/ — Lincoln Property Company (LPC) and FCP®, a privately held real estate investment company, have begun development on a life sciences campus in Broomfield, Colorado, near Boulder. Located at 235 Interlocken Boulevard, CoRE – Colorado Research Exchange, will total approximately 450,000 square […]
News Release: BioMed Realty Strengthens Seattle Presence With South Lake Union Acquisition
1101 Westlake is BioMed’s second Seattle acquisition this quarter, increasing its existing portfolio and development pipeline to 2.6 million square feet in the region April 29, 2022 02:09 PM Eastern Daylight Time SEATTLE–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the acquisition of 1101 […]
News Release: Breakthrough Properties Raises $3 Billion to Develop Next Generation Life Science Ecosystems
NEWS PROVIDED BY Breakthrough Properties Apr 29, 2022, 09:39 ET Breakthrough Closes Largest Ever Dedicated Life Science Real Estate Fund, Excluding Recapitalizations of Existing Portfolios Final Closing Surpasses Initial $1.5 Billion Target to Support World’s Leading Biopharma Companies in Key Clusters Across the United States and Europe LOS ANGELES, April 29, 2022 /PRNewswire/ — Breakthrough […]
News Release: Newmark Arranges $127 Million Sale of Downtown Seattle Block with Life Science Redevelopment Potential
April 27th, 2022 9:00am Newmark announces it has completed the $126.75 million sale of the Loyal Inn Block, a 1.6-acre redevelopment site located at 2300 Seventh Avenue North and 2301 Eighth Avenue in Seattle, Washington. The property traded in an off-market transaction which had multiple bidders from Clise Properties, Inc., a family-owned and -operated Seattle […]
News Release: Rising Construction Tide Lifts Office-To-Lab Conversions
Dallas, TX Life sciences hubs showing the largest percentage gains in conversion activity include Los Angeles, San Francisco, Boston 25 Apr 2022 A sharp increase in construction of life sciences labs in the U.S. has included big gains in a premium category: conversions of office buildings to labs. According to a new report from CBRE, […]
News Release: Brandywine Realty Trust Announces First Quarter (2022) Results
Press Release Apr 20, 2022 PHILADELPHIA, April 20, 2022 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2022. Management Comments “We continue to experience increased levels of physical occupancy and traffic as tenants focus on higher quality, well amenitized buildings,” stated Gerard […]
News Release: Brasfield & Gorrie Completes Roxboro at Venable Center (Durham, N.C.)
April 20, 2022 The Research Triangle’s presence in the in-demand life sciences market has increased with the completion of the Roxboro at Venable Center in Durham, North Carolina, by general contractor Brasfield & Gorrie. The eight-story, mixed-use building includes 213,000 sq ft of shell office and lab space, including: Efficient floorplates Two independent sky deck lounges A […]
News Release: Clarion Partners Real Estate Income Fund Inc. (CPREIF) Enters San Diego Life Sciences Market with New Acquisition in Carlsbad, CA
Investors see booming demand for life sciences R&D and laboratory facilities April 19, 2022 09:00 AM Eastern Daylight Time SAN MATEO, Calif.–(BUSINESS WIRE)–Clarion Partners Real Estate Income Fund Inc. (CPREIF) has strategically expanded its property portfolio with the acquisition of Fusion Life Science HQ*, a 121,541 square foot hybrid creative office and research and development […]
News Release: Governor Laura Kelly Announces Largest Economic Development Investment in Kelly Administration History (Kansas)
Apr 18, 2022 ~~$650 Million in Business Investment in Kansas Economy, 500 New High-Paying Jobs in Manhattan~~ MANHATTAN – Today, Governor Laura Kelly announced her administration’s most significant economic development project to date. Scorpion Biological Services, a subsidiary of Heat Biologics, Inc., is commencing on a planned development of a new 500,000 square foot biomanufacturing […]
Thought Leaders: Life Science: Thriving As Never Before
Life science real estate, along with data centers and industrial real estate, has thrived enormously over the past two years of the pandemic. As the world economies transition to a new phase, where COVID-19 is understood to be in an endemic state, there are no signs that demand for this fast-growing niche in commercial real […]
News Release: Biomed Realty Acquires Premier Site in Seattle Innovation Cluster
PRESS RELEASE Denny Park South site represents more than 600,000 square-feet of best-in-class life science development potential, adding to BioMed’s growing pipeline in South Lake Union SEATTLE – April 15, 2022 – BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the acquisition of Denny Park […]