Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 11, 2022

Conversion Of Sears At Cambridge Mall Lands 150K SF Lab Lease

National Development's Jessica Buonopane discusses how to prioritize suburban development locations Feb. 15

Growing life sciences company Prime Medicine has signed on to anchor the conversion of a department store building in East Cambridge, another expansion in greater Boston's booming lab market. 

Conversion Of Sears At Cambridge Mall Lands 150K SF Lab Lease

Prime Medicine last month signed a lease for 149K SF at 60 First St., the former Sears portion of the CambridgeSide mall that Anchor Line Partners and Northwood Investors are converting to lab space, Bisnow has learned. CBRE revealed the lease in its Q4 Boston Metro Lab market report,…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

New Year, New Investment Activity: Surge Of CRE Capital Continues In First Days Of 2022 New Year, New Investment Activity: Surge Of CRE Capital Continues In First Days Of 2022
Silicon Valley Tech Giants Not Keeping Pace With Affordable Housing Promises Silicon Valley Tech Giants Not Keeping Pace With Affordable Housing Promises
Robert Durst, Real Estate Heir And Convicted Killer, Dies At 78 Robert Durst, Real Estate Heir And Convicted Killer, Dies At 78
Global Data Center Deals Hit $47B, Have More Than Tripled Since 2019 Global Data Center Deals Hit $47B, Have More Than Tripled Since 2019
Perforation

C-Suite Spotlight: IQHQ President And Founder Tracy Murphy

This series gets into the heads of the decision-makers of CRE, the people shaping the industry by setting investment strategy, workplace design, diversity initiatives and more.

Tracy Murphy has helped IQHQ, a life sciences-focused REIT and developer that didn’t exist a few years ago, quickly become one of the largest property owners in the sector. In early 2019, it was just a pitch deck and idea with the working title of Creative Science Properties. Less than three years later, the firm has started a series of expansive campuses across major markets after raising more than $2.6B.

Murphy, IQHQ's president and co-founder, came into the life sciences real estate world when it was a nascent industry, with previous leadership stints at Kilroy Realty and BioMed Realty Trust, with a focus on West Coast markets.

Under Murphy’s leadership, San Diego-based IQHQ has been busy expanding its holdings and breaking ground in new neighborhoods in top life sciences markets. In Boston, the firm has made a series of significant acquisitions to accentuate its massive $1B Fenway Center project, set to deliver in 2025. It has made a series of acquisitions in South San Francisco, and it’s also making bold plans in its hometown, building out the 8-acre waterfront Research and Development District, the largest urban waterfront lab campus in California.

The following has been lightly edited for style and clarity.

C-Suite Spotlight: IQHQ President And Founder Tracy Murphy

Bisnow: Tell us about your leadership philosophy and what experiences, words of advice or mentors shaped it along the way. Murphy: I’ve embraced a leadership philosophy that encourages curiosity and creativity, and I’ve worked diligently to remove any fear or unnecessary bureaucratic hurdles from our company culture. I strongly believe that…

Read the full story here.

  Share:  

 
Perforation

Eviction Moratoriums Helped During Covid, But There’s A Better Way To Cut Homelessness

What if moratoriums and tenant protection programs put in place to help renters facing eviction actually increase homelessness rather than prevent it?

That's one of the thorny and counterintuitive questions raised in a new academic paper about how society addresses the housing crisis. The Welfare Effects of Eviction and Homelessness Policies, published late last year, was written by Stanford University Ph.D. candidate Boaz Abramson using detailed data from San Diego to measure the impact of all-out eviction moratoriums on homelessness like those introduced during the pandemic. The paper also examined the longer-term effects of measures like right-to-counsel legislation to slow and sometimes reverse the eviction process.

Abramson’s study found that far from helping, right-to-counsel laws drive up rents for lower-income renters to such levels that homelessness actually increases by 15%.

Read the full story here.

 
Perforation

In Case You Missed It...

Skanska Files Plans For 1.75M SF Mixed-Use Project On Simmons University Campus Skanska Files Plans For 1.75M SF Mixed-Use Project On Simmons University Campus
Wu Mulls More Developer Fees And Rent Stabilization In New Affordable Housing Agenda Wu Mulls More Developer Fees And Rent Stabilization In New Affordable Housing Agenda
Boston Properties, Asset Manager Agree To 106K SF Net-Zero  Office Lease In Needham Boston Properties, Asset Manager Agree To 106K SF Net-Zero Office Lease In Needham
These Are The Boston Market's Largest Office-To-Lab Conversions These Are The Boston Market's Largest Office-To-Lab Conversions
 
Perforation

First Texas Came For California's Businesses. Now It's Coming For Its Super Bowl

 

It’s still unknown which two National Football League teams will face off next month in this year’s Super Bowl, but another competition has some wondering if the real showdown will be between two potential stadium sites in Los Angeles and Arlington, Texas. 

California and Texas have been in an unofficial battle over the past few years, with both markets vying to attract and retain businesses, residents and investment activity — and Texas regularly winning, partially thanks to its low-regulation environment. In the latest volley in that battle, AT&T Stadium, home to the Dallas Cowboys, has been offered as an alternative to host this year’s Super Bowl, currently poised to occur at Los Angeles’ SoFi Stadium on Feb. 13. 

Read the full story here.

 
 
 
       
 
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: 54548