Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
June 21, 2023

Lab Landlords Eager To Ride Cresting Wave Of Big Pharma M&A Funding

A wave of investment from large pharmaceutical companies into life sciences startups via mergers and acquisitions could result in a flood of demand in the lab real estate market for the next 18 months. 

During the first half of this year, a series of multibillion-dollar deals — Pfizer’s $43B acquisition of Seagen, a biotech focused on “revolutionizing cancer care,” Merck’s $11B acquisition of Prometheus Biosciences, and Astellas Pharma’s $5.9B pickup of Iveric Bio — has already pushed total deal volume past last year’s pace.

Lab Landlords Eager To Ride Cresting Wave Of Big Pharma M&A Funding

Travis McCready­, head of Life Sciences, Industries Americas for JLL, said there will be between $275B and $300B total in biotech M&A in 2023.A significant chunk of that total deal value will be upfront capital for…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

 Eviction Filings Soaring Above Pre-Pandemic Level In Some Cities Eviction Filings Soaring Above Pre-Pandemic Level In Some Cities
American Dream Mall Builder Sues JPMorgan For Unpaid Work American Dream Mall Builder Sues JPMorgan For Unpaid Work
Avison Young's Top U.S. Exec Departs, New President Named Avison Young's Top U.S. Exec Departs, New President Named
Brookfield, Ontario Pension Fund To Acquire Compass Datacenters Brookfield, Ontario Pension Fund To Acquire Compass Datacenters
Perforation

'An Answered Prayer': How A South Dallas Pastor’s Equitable Development Uplifts City’s Poorest ZIP Codes

When Chris Simmons first came to Cornerstone Baptist Church in 1988, the congregation doubted he would last.

Members were weary after chronic violence in the area led to a revolving door of leadership. Many who had been with Cornerstone for decades didn't believe they could find a pastor willing to weather the storm alongside them.

“If I had known better, I probably wouldn’t have gone,” Simmons joked. “The area was called a war zone — there were a lot of drive-by shootings, a lot of gang activity and a lot of challenges in the neighborhood.

“We thought to ourselves, ‘It must be difficult to be part of a church where you feel like nobody really wants to pastor to you,’ and so we made a commitment that we would stay here and raise our family.”

Simmons kept his promise. Thirty-five years later, he remains head of the church.

But his role has evolved to extend far beyond the walls of Cornerstone. Today, it touches nearly every block of the 75210 and 75215 ZIP codes.

'An Answered Prayer': How A South Dallas Pastor’s Equitable Development Uplifts City’s Poorest ZIP Codes

Twenty-four years ago, Simmons created Cornerstone Community Development Corp., a nonprofit dedicated to uplifting South Dallas through the transformation of nuisance properties. Cornerstone’s mission was to improve the community while keeping homeowners in place, a delicate balancing act that required an intimate understanding of what the…

Read the full story here.

  Share:  
 
Perforation

How Centralization Through Smart Home Automation Can Improve Multifamily Management

PRESENTED BY:   SmartRent
 
How Centralization Through Smart Home Automation Can Improve Multifamily Management  

As labor shortages persist, multifamily owners and operators continue to  struggle to find skilled workers to manage their communities. One solution to help fill this void is the adoption of  centralization and automation to keep buildings running efficiently, while boosting the resident experience.  More…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Downtown Chicago Office Sublease Inventory Hits Highest Mark Yet Downtown Chicago Office Sublease Inventory Hits Highest Mark Yet
Fulton Market Office Has Been Going Strong, But Dwindling Supply Could Limit Its Growth Fulton Market Office Has Been Going Strong, But Dwindling Supply Could Limit Its Growth
Pickleball Chain To Launch First Of 5 Chicago ‘Eatertainment’ Destinations Later This Year Pickleball Chain To Launch First Of 5 Chicago ‘Eatertainment’ Destinations Later This Year
Sterling Bay Calls On Pension Fund To Bail Out Lincoln Yards Project Sterling Bay Calls On Pension Fund To Bail Out Lincoln Yards Project
 
Perforation

Once A Pioneer In Remote-Friendly Work, Tech Gets Strict About RTO

Once A Pioneer In Remote-Friendly Work, Tech Gets Strict About RTO  

Tech companies like Google, Lyft, Meta and Salesforce, early pioneers of remote work policies, are now upping the stakes to get employees back into the office. 

Tech companies have been apprehensive about adopting return-to-office mandates for fear of losing employees, The Wall Street Journal reports. But with industry layoffs topping 200,000 so far this year, companies find they now have the upper hand.

“Nearly 600,000 employees are subject to stricter office attendance mandates that have gone into effect in the first two weeks of May,” according to a report from JLL. The tech industry accounts for almost 200,000 of those requirements.  While some companies are extending incentives, such as Salesforce offering

Read Full Story

  Share:  
 
 
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: 68353