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. 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. |