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July 26, 2022

Big Pharma Becoming ‘Saviors’ Of Boston Lab Market As Biotech Pulls Back

Head Of Sustainability For Northeastern University Discusses Rising Sea Levels & Building A Sustainable Campus Sept. 27

After years of rapid growth, Boston’s biotech industry this year has faced plummeting stock market values and macroeconomic pressures that could slow its leasing activity.

Big Pharma Becoming ‘Saviors’ Of Boston Lab Market As Biotech Pulls Back

Several public biotech companies have laid off employees, and many have pulled back on real estate growth this year amid pressure from investors and looming threats of a recession, experts said last week at Bisnow’s Greater Boston Biotech event.“There's no doubt right now the industry is going through a challenging time,” 

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This Week's Boston Deal Sheet

Cabot, Cabot & Forbes filed plans for a 14-acre mixed-use life sciences campus in Woburn. The plan, branded as 216 New Boston, calls for a 175K SF lab and office building and a 135K SF biomanufacturing facility.

This Week's Boston Deal Sheet

The project would replace the industrial buildings on the property, which sits near major highways I-93 and I-95. The site is also next to a planned 675-unit residential development. Cushman & Wakefield will manage the leasing for the project.“We are excited that 216 New Boston will add to the growing life science community in…

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Peter Moglia To Helm Alexandria Following Resignation Of Co-CEO

Peter Moglia To Helm Alexandria Following Resignation Of Co-CEO  

Peter Moglia will become sole CEO of Alexandria Real Estate Equities following the retirement of Stephen Richardson.

Richardson has served as CEO of the publicly traded real estate investment trust alongside Chief Investment Officer and co-CEO Moglia since 2018, according to the San Francisco Business Times. He joined the company in 2000 as its vice president of portfolio services and acted as chief operating officer between…

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In Case You Missed It...

Boston Office Market Loses Momentum As Sublease Availability Begins To Rise Again Boston Office Market Loses Momentum As Sublease Availability Begins To Rise Again
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Neiman Marcus Sues Simon Property Group For $50M Over Scrapped Development Above Its Boston Store

Neiman Marcus Sues Simon Property Group For $50M Over Scrapped Development Above Its Boston Store  

Neiman Marcus is suing a Simon Property Group subsidiary for $50M in damages involving the REIT's failure to develop a 52-story tower over its Boston store. The luxury retailer, in a lawsuit filed Tuesday with the Suffolk Superior Court, argued that the mall owner broke…

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Store-In-A-Store Concept Part Of Retail's 'Grand Experiment'

There’s safety in numbers, as the old adage goes.

The concept of banding together to avoid harm is well-worn and logical, which is perhaps why a growing cadre of big-name American retailers are joining forces to better weather an unfavorable economic climate characterized by rapid growth in e-commerce, historic inflation and flagging consumer spending.

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