Market Highlights

• 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.
• IGM Biosciences is laying off 73.0% of its staff, or 100 employees, after poor clinical trial results.
• Beam Reach Properties has unveiled plans for an 812,000-square-foot (sf) life sciences campus at 405 and 455 Harbor Boulevard in Belmont, San Mateo County, consisting of two buildings.

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