"The life sciences industry continues to experience a growing supply-demand imbalance, as newly delivered lab space outpaces tenant demand."

"Lendlease has finished construction on FORUM, a nine-story life sciences facility totaling 350,000 square feet (sf) at 60 Guest Street."

"Portal Innovations, the new UChicago sciences incubator, has opened a 22,000-square-foot (sf) facility on the fifth floor of Hyde Park Labs to attract early-stage companies."

"SomaLogic, a proteomics company that uses protein analysis to support drug development, has been acquired by Illumina Inc. for $350.0 million in cash, with an additional $75.0 million tied to future performance targets."

"GRIN Therapeutics, a top-funded neurodevelopmental drugmaker this quarter, partnered with Angelini Pharma to develop and commercialize its treatment outside North America, where it is being studied to treat neurodevelopmental disorders."

"Portal Innovations is partnering with The NJ Innovation Hub to design and manage a 30,000-square-foot (sf) lab and incubator space within the HELIX life sciences campus."

"Spark Therapeutics announced it will lay off more than half of its Philadelphia workforce, cutting nearly 300 employees."

"Genentech has announced plans to invest $700.0 million in Holly Springs to build a manufacturing facility, expected to generate over 400 new jobs."

"Sterling Bay and Harrison Street have delivered 690,000 square feet (sf) of life sciences space as part of the first phase of Pacific Center in Sorrento Mesa."

"Unity Biotechnology, once valued at $700.0 million, announced layoffs of its entire South San Francisco workforce, including its CEO and CFO."