Tag Archives: Life Science

San Diego’s Life Sciences Market Poised for Further Growth

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Life Science Completed Transactions

The San Diego life sciences market continues to be a major player both nationally and globally. The region is home to more than 600 life sciences companies and over 80 research institutes that employee around 50,000 people. Biotech employment grew by 6.6 percent during 2015, the highest posted growth rate for the local industry… Read More

America’s Most Expensive Streets [VIDEO]

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JLL reveals the most expensive streets across the United States, San Diego street ranks as #12

It’s been said there are three things that matter in real estate: location, location, location.

The cliché cuts to the chase: location is important and will certainly play a crucial role in a property’s pricing. But today’s investors would do well to memorize the following mantra: location, industry, competition.

JLL’s biennial study of the “Most Expensive Streets” across… Read More

Tony Russell, Chad Urie and Misty Moore Promoted at JLL San Diego

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Promotions

(left to right) Tony Russell, Chad Urie and Misty Moore

JLL has promoted three brokers in its San Diego office, Tony Russell, Chad Urie and Misty Moore. Previously Executive Vice Presidents, both Tony Russell  and Chad Urie were promoted to Managing Director, while Misty Moore was promoted from Vice President to Senior… Read More

Qualcomm move frees up large blocks of space in San Diego’s Technology Hub

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Towers2

On the heels of its recently-completed overhaul of Enclave Sorrento, California-based McCarthy Cook, in partnership with New Jersey-based Prudential Real Estate Investors, is underway with major renovations at The Towers, a four-building office campus located just off the 805 Freeway at Mira Mesa Boulevard in San Diego’s Sorrento Mesa technology hub.

Designed by Gensler,… Read More

Life Science Record leasing activity during the first half of 2015; 20%-25% year-over-year increase in Class “A” rental rates [REPORT]

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

life-science-beaker-photo

Leasing activity continued on a record pace during the first half of the year, with a total of 1,117,903 square feet of completed transactions that accounted for 646,183 SF of positive net company growth. To put this into perspective, the average first-half leasing activity… Read More

Leasing activity within the San Diego life sciences cluster hit record levels in 2014 [REPORT]

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Major lab supply: Clusters of established lab stock with long-time industry presence

San Diego saw $43.8 billion in M&A transactions from 2011 through 2014. Large pharmaceutical companies are purchasing biotech firms to fill their R&D pipelines, rather than conduct R&D internally. San Diego has a strong R&D market due in… Read More

Coastal Cities Dominate JLL’s 2015 List of Top U.S. Life Sciences Clusters [REPORT]

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JLL’s annual Life Sciences Outlook Report reveals growth in pharmaceutical and biotech industries despite rising labor and real estate costs

U.S. biopharmaceutical innovation is thriving, with areas like Boston, Raleigh-Durham and San Diego dominating U.S. life sciences activity. However, a scarcity of laboratory space is pushing biopharmaceutical companies to seek locations in suburban markets where space is available or can be constructed, while still providing proximity to talent and resources.

These trends, along with… Read More

[REPORT] Sustained leasing activity in Q1-2015, rental rates remain stable at peak levels

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

Q1-2015-Life-Sciences-Insight-1Coming off a banner year in 2014, the San Diego life sciences market recorded sustained leasing activity during the first quarter of 2015. Companies at both early stage and later stage drug discovery continued to secure funding and see growth in operations. The public markets experienced… Read More

California ranked #1 in United States for manufacturing output

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California’s prominence as a global hub for manufacturing is often underestimated. Yet, with seven well-defined geographic clusters specializing in all areas of manufacturing output, keeping a watchful eye on the golden state may offer some insight as to where the industry is headed next. What you find in this report may surprise you.

San Diego Life Sciences: A Perspective from the Real Estate, Design and Construction Industry

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The San Diego chapter of ISPE recently held a meeting on the subject of “San Diego Life Sciences: Who’s Coming and Going: A Perspective from the Lease, Landlord and Construction Industry.” This has been a hot subject this year with numerous life science companies being purchased and several new companies moving into the area. Availability in premium lab and office space is dwindling as life science real estate developers work hard to develop… Read More