Hot Property: Hayden Research Campus
Dicerna Pharmaceuticals has leased an additional 107,283 square feet at the Hayden Research Campus, bringing its occupancy to more than 275,000 square feet in the town of Lexington.
Berkeley Investments Targets Drug Manufacturing Growth in Billerica
A 203,000-square-foot development by Berkeley Investments seeks to tap into demand for biomanufacturing facilities in the northern suburbs.
Biden Initiative Will Accelerate Reshoring of Biomanufacturing
President Joe Biden’s new executive order will expand biomanufacturing in the U.S., reverse the decades-long migration of critical manufacturing abroad and give Massachusetts a big boost at the same time.
Allston, Somerville Lab Projects Get $1.1B in Financing
A pair of new life science campuses in Allston and Somerville being developed on speculation received nearly $1.1 billion in construction financing.
King Street Buys Waltham Portfolio for $68M
In its latest acquisition spree, life science developer King Street Properties paid $68 million for a portfolio of commercial properties near Route 128 in Waltham.
Allston LabWorks Targets Summer Groundbreaking
Developers expect to break ground this summer on a 576,000-square-foot life science and residential project along Western Avenue in Allston after wrapping up their final approvals and construction financing.
Allston Labs, Doyle’s Redevelopment Approved by BPDA
New developments will bring a major life science presence to Lower Allston, a 1 million-square-foot expansion of Massachusetts General Hospital and a next chapter for an iconic Jamaica Plain gathering spot under approvals by Boston Planning & Development Agency officials.
Lab Developers Stake Out Submarkets
Using data from brokerages Newmark, JLL and Colliers International, plus information from tenant and landlord SEC filings and earnings presentations, Banker & Tradesman has compiled a look at who dominates some of the most active life science submarkets and what’s in the pipeline.
King Street Expands Horizons with $1.5B Brookfield Investment
A $1.5 billion investment from Brookfield Asset Management will fuel Boston-based life science developer King Street Properties’ expansion into new markets including the West Coast.
Alexandria Buys 54-Acre Development Site in Norwood
Life science specialist Alexandria Real Estate Equities has acquired a 54-acre Norwood property with potential for additional commercial development for $105 million.
Devens in Demand
A surge of developments and business expansions – ranging from clean energy to biomanufacturing and life science research – at the state-run Devens business park are shattering the narrative of stagnant commercial real estate prospects outside Interstate 495.
Green Energy Company Expanding with Move to Devens
A Cambridge-based energy company that’s collaborating with Massachusetts Institute of Technology on climate change-fighting technology will occupy a new 160,000-square-foot manufacturing facility developed by King Street Properties of Boston at Devens.
650K SF Development Plans Revealed for WBZ Property
A three-building, 650,000-square-foot development including office and lab space is proposed at the WBZ-TV/CBS studio property on Allston’s Soldiers Field Road.
Pandemic Upended Commercial Real Estate in 2020
During the lengthy commercial real estate boom, many industry figures said Greater Boston’s diversified economy – with its strengths in financial services, technology and life science – was built to withstand anything except a “Black Swan event” such as a natural disaster or geopolitical conflict.
King Street Sells Framingham Portfolio to Pension Fund
Major life science developer King Street Properties has sold three Framingham properties to the investment arm of a major Canadian pension fund.
Demand for Drug Production Creates New Development Niche
There’s a land grab going on in central Massachusetts as developers seek sites where new drug candidates invented in Greater Boston’s ever-expanding lab facilities can be tested.
King Street Begins First Phase of 700K SF Devens Project
After acquiring 45 acres of development sites at the Devens business park, Boston-based King Street Properties has broken ground on its first biomanufacturing facility.
Hot Property: 101 Cambridgepark Drive
King Street Properties and Healthpeak have begun construction of a new 160,000-square-foot life science building on Cambridgepark Drive.
Healthpeak Buys Alewife Campus for $664M
Healthpeak Properties is bolstering its position as a major player in Greater Boston life science real estate with a $664 million acquisition that brings its local portfolio up to 2.4 million square feet.
Hot Property: 75 Hayden Ave.
Four companies have signed leases for 75 Hayden Ave., a 214,440-square-foot life science facility at the Hayden Research Campus in Lexington.
