News Release: Oxford and Ensemble/Mosaic break ground on speculative R&D lab building at Philadelphia’s Navy Yard
Project is the first for new partnership between Oxford and Ensemble/Mosaic. March 14, 2022 PHILADELPHIA Ensemble/Mosaic, a joint venture between Ensemble Real Estate Investments and Mosaic Development Partners, and Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, have broken ground on 1201 Normandy Place, a speculative 137,000 square […]
News Release: CBRE Report: US Life Sciences Job Growth Often Signals Demand For More Labs
Press Release FOR IMMEDIATE RELEASE Dallas – March 14, 2022 – Strong job gains in the ranks of biotechnology researchers and lab workers in U.S. life sciences hubs often coincide with increased demand for life sciences real estate there, according to a new report from CBRE. The latest U.S. Bureau of Labor Statistics data show […]
News Release: SOLD | 3801 Chestnut Street | 310,000 SF Lab Development
NEWMARK HEALTHCARE CAPITAL MARKETS CLOSING ANNOUNCEMENT 310,000 SF Lab Development 3801 Chestnut Street University City | Philadelphia, PA MARCH 2022 Newmark is pleased to announce the sale of 3801 Chestnut Street, a to-be-built 310,000 SF life science development site in the University City neighborhood of Philadelphia, a leading center of science, innovation, research and education. uCity […]
News Releases: HATCHspaces®, NexCore Group, and Nuveen Real Estate to Convert 56,300 SF Industrial Building to Biomanufacturing in West Los Angeles
March 09, 2022 01:00 PM Eastern Standard Time LOS ANGELES & DENVER–(BUSINESS WIRE)–A joint venture between Los Angeles-based HATCHspaces®, Denver-based healthcare developer NexCore Group, and Nuveen Real Estate has acquired a 56,300 square foot industrial facility in the Playa Vista area of West Los Angeles. The project will be redeveloped as a cGMP biomanufacturing facility […]
News Release: Breakthrough Properties Launches “StudioLabs by Breakthrough” As Part of Its Rapidly Expanding Life Science Real Estate Portfolio
New innovation platform offers flexible, curated private lab and office suites designed for hyper growth life science users Inaugural StudioLabs location in San Diego is fully preleased to three venture-backed life science companies at the forefront of next-generation therapies NEWS PROVIDED BY Breakthrough Properties Mar 09, 2022, 10:00 ET SAN DIEGO, March 9, 2022 /PRNewswire/ — […]
News Release: Greystar Hires Kerry Hawkins to Support Life Science Growth
NEWS PROVIDED BY Greystar Mar 08, 2022, 09:00 ET CHARLESTON, S.C., March 8, 2022 /PRNewswire/ — Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, today announced that Kerry Hawkins has joined the company as Senior Director, Life Science Investment Management to expand Greystar’s Life […]
News Release: Newmark Completes Sale of Life Sciences Development Site in Philadelphia’s University City
FOR IMMEDIATE RELEASE Joint venture between Botanic Properties, Harrison Street and Sterling Bay to develop 310,000-square-foot life sciences facility at 3801 Chestnut Street in the University City submarket of Philadelphia Philadelphia, PA (March 4, 2022) — Newmark announces the sale of 3801 Chestnut Street, a 310,000-square-foot life sciences development site in the University City neighborhood […]
News Release: Celera Properties Partners with Timberline Construction for Office-to-Lab Conversion
POSTED 03.03.22 With continued strong demand for life science space in Greater Boston, 600 Federal Street in Andover will be lab-ready late 2022 Canton, MA – Celera Properties, Boston-based medical office and life science real estate experts, recently acquired 600 Federal Street in Andover intending to convert the 120,000 SF building, comprised of mostly office […]
News Release: Alexandria Real Estate Equities, Inc. Announces Long-Term Lease With Bristol Myers Squibb for a New 427,000 RSF Innovative Research Hub at the Alexandria Point Mega Campus in the San Diego Cluster Market
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Mar 02, 2022, 08:30 ET PASADENA, Calif., March 2, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster […]
News Release: BioMed Realty Leases 96,000 Square Feet at the Company’s Flagship Granta Park Campus in Cambridge (England)
Grade A lab and office space has been leased to two life science companies at the recently renovated Portway building presenting 100% of the available space Pioneering cancer medicine firm Bicycle Therapeutics has signed for 45,000 sq. ft. while biotechnology company Altos Labs has signed for 51,000 sq. ft. – both on 10-year leases Leasing […]
News Release: Governor Hochul Cuts Ribbon on $700 Million State-of-the-Art Taystee Lab Building in West Harlem’s Manhattanville Factory District
MARCH 1, 2022 Albany, NY New Building Equipped for Life Sciences, Arts, Commercial, Retail and Academic Tenants Features 350,000 Square Feet of Commercial Space and 20,000 Square Feet of Outdoor Space $10 Million State Investment Supports Growing Life Sciences Industry in New York City Governor Kathy Hochul today announced the completion of the $700 million […]
News Release: GI Partners Announces New East Coast Life Science Acquisitions
Feb 28, 2022 Real Estate The GI Real Estate Essential Tech + Science Fund is focused on Data Center Properties, Life Sciences Labs, and “Always On” Research & Development Facilities SAN FRANCISCO, February 28, 2022 – GI Partners, a leading private alternatives investment firm, has announced the acquisition of three new East Coast life science […]
Thought Leaders: 2021 ends with the strongest U.S. Life Sciences market in history as market fundamentals strengthen in Q4
Figures | U.S. Life Sciences | Q4 2021 CBRE RESEARCH | FEBRUARY 2022 ⇑ 172.5 MSF Inventory ⇓ 4.8% Vacancy ⇑ $67.05 Avg. Asking Rent (NNN) ⇑ 31.6 MSF Under Construction Note: Arrows indicate change from previous quarter. • U.S. life sciences employment climbed in Q4 2021, with biotech R&D increasing 2.0% quarter over quarter. Year-over-year growth in biotech […]
Thought Leaders: 2021 Year End Healthcare and Life Sciences Real Estate Report
THE AGE OF LIFE SCIENCE Driven in part by the COVID-19 pandemic, demand continues to outpace supply. In the third quarter of 2021 alone, US life science companies were looking for 24 million square feet of new real estate according to research by CBRE. Furthermore, the same research states that only 21 million square feet of spec lab space is […]
News Release: MidCap Financial Closes First Mortgage on a 141,442 Square Foot Building in Hopkinton, MA to be Repurposed for Life Sciences Use
PRESS RELEASE BETHESDA, MD, February 23, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a $40,725,000 transaction with a joint venture between Griffith Properties, LLC and a fund managed by DRA Advisors. The floating rate first mortgage loan facilitated the acquisition and repositioning of […]