Best Little Lab Space In Texas: Will Building Boom Level Up Lone Star Life Sciences? Texas real estate and development news often focuses on who’s entering the state, like the California-to-Austin tech company relocations that have helped buoy the state’s economy. But Texans in the life sciences world have been paying a little more attention to who’s leaving the state, specifically homegrown firms like Instill Bio (which opened an LA research hub) and Peloton Therapeutics (acquired by Merck). Like others who left before them, these companies found the local ecosystem of lab space, venture capital funding and paths to commercialization lagging or lacking. “In Dallas, we’ve had an enormous amount of science created here that hasn’t stuck around,” JLL Senior Vice President and Dallas Region Lead Ethan Garner said. “A great idea or discovery needs access to capital, space for growth and the right government support, and until recently, all three legs of those stools didn’t exist in North Texas.”
A recent string of high-profile projects seeks to not just reverse that trend, but to turn cities like Houston and Dallas into high-profile destinations for biotech firms and startups. Two projects in particular — Pegasus… Read the full story here. |