property type: Life Sciences

Blackstone Group has agreed to pay $3.45 billion, or $1,500/sf, for 13 life-sciences properties with 2.3 million square feet in Cambridge, Mass., Baltimore and Philadelphia. The New York investment manager is buying the portfolio from Brookfield Asset Management Inc. The deal ...

Bisnow The Matan Cos. is planning to build six life-sciences properties with more than 2 million square feet in Montgomery County, Md. The Frederick, Md., developer expects to deliver the first buildings in June. The developments are being built on ...

Commercial Observer A venture of the Carlyle Group and King Street Properties has sold three life-sciences buildings with 266,527 square feet in the Boston suburb of Framingham, Mass., for $151 million, or $566.55/sf. Oxford Properties Group bought the portfolio, which ...

Healthpeak Properties Inc. has acquired a 92.2 percent stake in the Cambridge Discovery Park life-sciences complex in Cambridge, Mass., in a deal that values the 607,600-square-foot property at $720 million, or $1,185/sf. The Irvine, Calif., REIT bought the stake from ...

Philadelphia Business Journal A venture of Cantor Fitzgerald, Silverstein Properties Inc. and University Place Associates is planning on constructing a 250,000-square-foot life-sciences and office building in Philadelphia. The eight-story property, at 4101 Market St. in the University City area, will ...

Spear Street Capital has sold a 90 percent stake in the Arborcrest Corporate Campus in the Philadelphia suburb of Blue Bell, Pa., in a deal valuing the 855,600-square-foot complex at $225 million, or nearly $263/sf. The San Francisco investment manager ...

Boston Business Journal King Street Properties plans to build a 700,000-square-foot life-sciences complex in the Boston suburb of Devens, Mass. The Boston developer is constructing the five-building property on a 45-acre site on Jackson Road. The project is expected to ...

Breakthrough Properties, which was formed last year by a venture of Tishman Speyer Properties and Bellco Capital, has completed raising more than $1 billion for a commingled fund and co-investments that would be used to fund the development and purchase of ...

Commercial Real Estate Direct Staff Report IQHQ Inc., which was founded last year by the former chief executive and president of BioMed Realty Trust Inc., has raised $1.7 billion of equity commitments through a private placement with institutional investors. The ...

Commercial Real Estate Direct Staff Report Brookfield Asset Management Inc. is offering for sale a portfolio of 13 life-sciences properties with about 2.3 million square feet in Cambridge, Mass., Baltimore and Philadelphia. The Toronto investment manager assumed the properties two ...