property type: Laboratory

Boston Business Journal The BioMed Realty operation of Blackstone Group has paid $361.5 million, or $1,621/sf, for a leasehold interest in the 223,000-square-foot laboratory/office complex at 730-750 Main St. in the Kendall Square section of Cambridge, Mass. The San Diego ...

The life-sciences property sector, which faced extremely strong demand from tenants in the bio-tech and pharmaceutical industries after 2020, when they were flush with cash and interest rates were at extremely low levels, has cooled substantially.

Commercial Observer Work is currently underway on a 1.4 million-square-foot production and manufacturing facility in Clayton, N.C. Novo Nordisk is developing the $4.1 billion project as part of an expansion of its operations in North Carolina. The Denmark-based drug manufacturer ...

Takeda Pharmaceutical Co. has extended its lease for 222,925 square feet at 75-125 Binney St. in Cambridge, Mass., for another 10 years. The renewal takes Takeda's term through March 2040. Its existing lease wasn't set to roll for another six ...

Commercial Property Executive CARGO Therapeutics has agreed to lease 99,557 square feet at The Alexandria Center for Life Science, a 276,945-sf office and laboratory property in San Carlos, Calif. The biotech company is taking the space from Alexandria Real Estate ...

Commercial Real Estate Direct Staff Report Graphite Bio has agreed to pay $36.7 million to terminate its lease for 85,165 square feet of office space at the 141,000-sf Nexus on Grand office and lab property in San Francisco. The gene ...

Dallas Morning News InterBank has provided $61.3 million of financing for the construction of a 135,000-square-foot laboratory building in Dallas. JLL Capital Markets arranged the five-year loan on behalf of the borrower, Bridge Labs. Nuveen Green Capital also provided financing. ...

Commercial Real Estate Direct Staff Report Investor David Werner has paid $171.3 million, or $92.44/sf, for a 1.85 million-square-foot laboratory and research and development complex occupied by Pfizer Inc. and Dow Chemical in the Philadelphia suburb of Collegeville, Pa. Werner ...

Commercial Real Estate Direct Staff Report NexPoint Real Estate Advisors has paid $190 million, or $422.22/sf, for the 450,000-square-foot industrial and laboratory property at 41915 Business Park Drive in Temecula, Calif. The Dallas investment manager purchased the property from CMP ...