Cambridge’s Next Biotech Beacon Gains Altitude
Led locally by Bill Kane, Blackstone-owned BioMed Realty is building one of Cambridge’s most notable new projects, the 585 Kendall tower leased to Takeda Pharmaceuticals.
Behind BioMed’s Buying Spree
Investors in life science developer BioMed Realty’s parent, a Blackstone Real Estate fund, were in no hurry to cash out and take their profits in 2020 as the pandemic was making the biopharma sector more attractive than ever. So the private equity giant gave them a new, multi-billion-dollar option.
John Hancock Departure Could Make 465K SF Available in Seaport
John Hancock Financial Services, one of the pioneer corporate presences in Boston’s Seaport District, will consolidate its Boston offices in Back Bay and leave behind its 465,081-square-foot headquarters at 601 Congress St. by the end of the year.
