Q&A with Andy Cullen, Tributary Real Estate
The availability of lab space is critical to the growth of the life sciences industry. Here in Denver, the life sciences development pipeline continues to grow, having reached over 930,000 square feet of lab space in Q4 of 2022. A strong STEM labor pool, favorable taxes and incentives, and capital/funding …
Colorado Sees Growth in Life Sciences Employment and Federal Funding
Colorado continues to see growth in life sciences employment and federal funding, according to a new report from CBRE. Clinical trials for new drugs, persistent job growth, more federal funding, and ample cash reserves for the industry’s larger companies will influence the rapidly growing market for life sciences real estate. …
Agilent Technologies Breaks Ground on $725M Manufacturing Facility in Frederick
On Feb.16, leaders from Agilent Technologies Inc. joined Colorado Governor Jared Polis and local government officials to break ground on Agilent’s $725 million investment to double manufacturing capacity of therapeutic nucleic acids in Frederick, Colorado. The investment will create more than 160 life science jobs in the Frederick area; contribute …
Nearly 1 MSF of Lab Space Underway in Metro Denver
The Denver-Aurora-Boulder metro area is one of the most-balanced life sciences markets in the nation, according to a new report from CBRE. The region saw only moderate increases in lab vacancy and asking rates in the fourth quarter, and a growing pipeline of lab projects under construction is poised to …
Denver’s Life Sciences Funding Sees YoY Increase
Cushman & Wakefield has published new insights on Life Sciences Funding. Private capital funding has accelerated growth in the life sciences sector over the last decade. Record flows to the sector helped drive up valuations in preparation for initial public offerings (IPOs), which hit a record in 2020. While the …
Lincoln Property Company Commercial Announces Growth and Succession Plan
Today, Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Greenwich, CT-based investment firm Stone Point Capital LLC. Lincoln is one of the nation’s largest diversified commercial real estate companies that manages, leases, and develops office, …
First Purpose-Built, Speculative Life Sciences Development Coming to Boulder County
CBRE has been awarded the leasing assignment for a 365,000-square-foot life sciences project being developed in the heart of downtown Superior by PMB, a leading healthcare real estate developer, and Montgomery Street Partners. Named Coal Creek Innovation Park, the project will be the first purposefully built to accommodate life sciences research …
Breakthrough Properties Enters Boulder Market with Development of Life Sciences Campus
Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, has officially entered the Boulder market with the acquisition of a 9.3-acre, four-building campus, which will be transformed into “Boulder 38 by Breakthrough” featuring 164,000 square feet of …
Denver Among 20 Best U.S. Metros for Life Sciences Companies in 2022
The ongoing momentum in the life sciences sector is likely to drive tremendous opportunities for growth within the real estate industry. Consequently, the latest CommercialCafe study set out to identify which metro areas offer the most favorable combination of factors for a successful life sciences ecosystem. The study analyzed data …
Conscience Bay Co. to Develop State-of-the-Art Life Sciences & Tech Building in Boulder
Boulder-based real estate investment, management and development firm Conscience Bay Company (CBC) has announced the selection of several key project team members for the development of a new two-story, state-of-the-art life sciences and technology building on Walnut Street in Boulder that will replace an inefficient warehouse building. Commercial real estate developer Prime West, …