"Construction sentiment belies wider economic indicators"

"In the first quarter of 2025, the life sciences market faced continued challenges as it adapted to funding pressures and strategic realignments. Newly imposed tariffs are expected to slow operations and increase strain across the industry, while investors remain cautious amid persistent uncertainty."

"Biogen will relocate its HQ to a 580,000 square foot (sf) tower at 75 Broadway in Kendall Square, part of MIT’s Kendall Common project. The move is set for 2028 under a 15-year lease."

"CU Boulder set a record with 35 startups in 2023-2024, surpassing its previous high of 20 in 2020-2021, driven by research in clean energy and biotechnology."

"Mayor Adams and NYCEDC celebrated ULURP approval for SPARC Kips Bay and Innovation East, unlocking over two million square feet (msf) for academic, public health, and life sciences growth in New York City."

"Biotech firm BeiGene has opened a 400,000-square-foot (sf) life sciences facility in Hopewell at the Princeton West Innovation Campus, formerly occupied by Bristol Myers Squibb. The facility will focus on cancer drug manufacturing and research."

"Globus Medical, headquartered near Philadelphia, has agreed to acquire Nevro Corp, a life sciences company specializing in chronic pain treatment, for $250.0 million in cash."

"Charles River will close its Durham site at 4025 Stirrup Creek, impacting 31 employees, and plans to exit its RTP facility and sublease 4001 E Hwy 54 later this year."

"Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, acquired MUSE for $159.0 million. The 186,000-square-foot (sf) Torrey Pines lab and research campus includes three renovated buildings with upgraded amenities."

"Sutter Health is investing $1.0 billion to develop a 1.3-million-square-foot (msf) flagship medical campus in Emeryville, acquiring the 12-acre Emery Yards site for $450.0 million from BioMed Realty."