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May 2, 2023

Lab Leasing Shows Life Sciences Demand Strong Overall, But Slow, Uncertain In Spots

Announcing: The Premier 2-Day International Life Sciences Event Of The Year

Like the biologists and technicians working inside gleaming new lab space, life sciences real estate professionals look for patterns and hypotheses to explain how systems work and evolve.

Right now, the signals many are getting from a study of the market are decidedly mixed.

Lab Leasing Shows Life Sciences Demand Strong Overall, But Slow, Uncertain In Spots

Bisnow reached out to developers and operators of the 15 largest life sciences projects projected to open in 2023 and found a very mixed story of pre-leasing success. Some firms and locations were in very strong demand, while others have struggled to sign pre-lease agreements in the months before…

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This Week's Boston Deal Sheet

New Balance's development arm has proposed a new six-story condo project near the footwear company's Boston Landing campus in Brighton.

This Week's Boston Deal Sheet

NB Development Group filed a letter of intent with the Boston Planning & Development Agency for a 79K SF, 78-unit condominium project at 131 North Beacon St. The development is also proposed to include 2K SF of ground-floor retail and 43 parking spaces for residents.The one-story building currently on the site is…

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Developer Secures Financing For $200M Medford Lab Project

Developer Secures Financing For $200M Medford Lab Project  

A minority-owned development firm has secured financing for a new life sciences development near Wellington Station in Medford.  Rise closed its financing deal for a $200M, eight-story life sciences development on a vacant parcel at 4054 Mystic Valley Parkway, the developer announced Thursday. It didn't disclose the…

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Pressure Is On For Property Managers Tasked With Challenge Of Maintaining Profits

Pressure Is On For Property Managers Tasked With Challenge Of Maintaining Profits  

Multifamily owners, after years of rent increases and record-breaking demand, have come face to face with a new reality in recent months, and as revenue cuts get deeper, the industry is going through a transition as it looks to balance cost-cutting through automation with supporting employees doing tasks that only humans can perform.

“Property management is going through a transformation,” said Doug Brien, CEO and co-founder of Mynd, a tech platform for residential investment properties. “This is not a business that's ever going to be fully automated. There’s always going to be people involved with property management.” 

Plus, residents like places with high-tech additions and are willing to pay more for it. Steve Sisson, president and CEO of Vita Residential, told GlobeSt that investment in smart apartment tech led to a 40% return on investment, and residents willing to pay up to $55 more per month. Data…

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