Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
April 21, 2022

Biden’s Biotech Moonshot Has The Money. Now Cities Want It In Their Backyard

Red Sox, Patriots, Celtics And Bruins Presidents Join Sports & Entertainment Event June 22

Cities and states jockeying for position in the race for biotech dollars and talent have their sights set on a whale that comes along once in a generation.

When President Joe Biden announced last year that the federal government is launching a new outfit, the Advanced Research Projects Agency for Health, dedicated to funding moonshot tech research, he kicked off a new, high-stakes battle among municipalities that are eager to land the headquarters of a federal agency dedicated to advancing and funding cutting-edge research.

Meant to “drive breakthroughs in biomedicine to prevent, detect and treat diseases, including cancer, Alzheimer’s and diabetes,” Biden said at a recent March event, ARPA-H is part of an overall increase in health and biotech funding championed by the new administration.

When up and running, the new agency will dole out billions of dollars in research grants, adding to the sizable pool of existing National Institutes of Health grants while supporting more experimental, cutting-edge treatments and therapies.

Biden’s Biotech Moonshot Has The Money. Now Cities Want It In Their Backyard

Top biotech clusters have thrown their hat in the ring to host ARPA-H, including Boston, Silicon Valley, San Diego, Maryland and North Carolina, according to recent reporting from Stat News and The Scientist. Mary Beth Thomas, a senior vice president at the North Carolina Biotechnology Center, told Bisnow…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation Amazon Launches $1B Fund To Invest In Warehouse Innovation, Automation
Blackstone Raises $1.6B Life Sciences Fund, Sees Opportunistic Real Estate Portfolio Value Swell 10% Blackstone Raises $1.6B Life Sciences Fund, Sees Opportunistic Real Estate Portfolio Value Swell 10%
Georgia-Based Coworking Provider Plans 500-Location Expansion Thanks To New Investment Georgia-Based Coworking Provider Plans 500-Location Expansion Thanks To New Investment
Leisurely Return To Business Travel Threatens U.S. Hotels With $20B-Plus Shortfall Leisurely Return To Business Travel Threatens U.S. Hotels With $20B-Plus Shortfall
Perforation

CBRE Hires Top Boston Life Sciences Broker From JLL

CBRE Hires Top Boston Life Sciences Broker From JLL  

CBRE is bolstering its life sciences team in the sector's largest market with a hire from a competing brokerage firm.  The firm brought on Don Domoretsky, who previously served as a senior managing director at JLL, to work as an…

Read Full Story

  Share:  
Perforation

Landlord Pleads Guilty For Knowingly Renting Apartments To Latin Kings For Drug Dealing

Landlord Pleads Guilty For Knowingly Renting Apartments To Latin Kings For Drug Dealing  

An owner of multiple apartment buildings in New Bedford, Massachusetts, has pleaded guilty to racketeering and drug charges for knowingly renting units to a gang that used them to manufacture, store and sell drugs. The landlord, Robert Avitabile, agreed to forfeit proceeds from the sales of three…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Tenant Shifts Widen Rent Gap Between Boston’s New And Old Office Buildings Tenant Shifts Widen Rent Gap Between Boston’s New And Old Office Buildings
'Every Single Owner Is Struggling' To Meet Boston's New Building Emissions Mandates 'Every Single Owner Is Struggling' To Meet Boston's New Building Emissions Mandates
Alphabet’s Biotech Subsidiary Subleases 100K SF From Verizon At New 31-Story Boston Tower Alphabet’s Biotech Subsidiary Subleases 100K SF From Verizon At New 31-Story Boston Tower
Newmark Acquires Boston Brokerage Firm McCall & Almy Newmark Acquires Boston Brokerage Firm McCall & Almy
Cancer Therapy Manufacturer Moving HQ From Cambridge To Andover Cancer Therapy Manufacturer Moving HQ From Cambridge To Andover
 
Perforation

Multifamily Owners Aren’t Putting Enough Juice Into EV Infrastructure

When FordGeneral MotorsMercedes-Benz and other auto manufacturers last year pledged to phase out sales of gas and diesel vehicles worldwide by 2040, the most immediate impact on commercial real estate came in the form of multibillion-dollar plans to build domestic factories and battery plants.

But there is more for commercial real estate to facilitate and capitalize on, and it starts at home.

Friday marks one Earth Day closer to the 2040 goal and projections that about half of all cars on the road will be electric in 2050. As adoption becomes more common — 1.8 million electric vehicles were registered in the U.S. in 2020, three times the number of EVs in 2016 — more people need more access to charging, and multifamily developers and owners have fallen behind the rate of adoption.

Read the full story here.

 
 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 57131