It seems we cant find what youre looking for. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. As a member of the Boston Life Science Practice Team, Caitlin supports a wide range of tenants, from Discovery through Commercial functions. Jack Blumenfeld is an Associate specializing in Class A Office/Flex/Life Science tenant representation and investments inthe UTC San Diego office of Colliers International. Those who end up getting strong data will have no issues raising new rounds of financing. Boston and the San Francisco Bay Area led the country in absorption, inventory, and VC funding, of which nearly 60% made its way to those two markets, per PitchBook. Check out the content from some of our most recent events, including our January 10th40th Annual Trends In the Real Estate Market Seminar - Connecting the Dots with Colliers International. Stay ahead with industry-leading research. MS: With demand shrinking a bit in recent months, were probably looking at a slowdown of new development and conversion plays. In a world of constant news and a sea of information, Colliers International | Boston's team of market experts develops and hones the insight, actionable analysis and market intelligence you need to navigate the constantly changing dynamics of the Greater Boston market. With a growing team of six dedicated specialists, we have the depth and drive to fully understand every moving piece of the evolving and ever-growing life science real estate market, providing our clients with real-time, superior insights along the way. MS: The last few years have seen a barbell effect. With a net of more than two million square feet of additional occupied space in 2022, the metros life sciences sector expanded for the ninth consecutive year. What have you been seeing over the past few years in Boston life sciences? As more projects deliver and companies set up shop, the market will solidify its status as the nations leading biotechnology hub. Boston, for one, had $5.7 billion in investment in existing office, lab, and industrial/flex buildings last year. Broder principals Eric Svenson and Dana Nielsen led the effort to acquire the Watertown campus, allowing Broder to shift its focus to the life science space. His comprehensive approach including assisting clients to identify an efficient spaceprogram; impartially surveyall viable properties;tenaciously negotiating favorableterms; and procuringarchiects, contractors andconsultants for implementation. Myknowledge of market conditions and influences in the life sciences supports my ability to be creative in structuring the financial details of both lease and purchase transactions. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. David is a leader in several practice groups, including Financial & Insurance Services, Life Science Practice Group, and the Education Services Group. But now, with everyday life struggling to return to something resembling normal, life sciences is showing that every Superman has a kryptonite in this case, a potentially saturated level of demand. center or life sciences property, or you need project Colliers' Boston Life Science Practice aims to deliver innovative physical space solutions where ideas can emerge, be nurtured, and ultimately improve lives. BOSTON Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. Mr. Gallagher is a veteran commercial real estate broker specializing in tenant representation with a specific focus on life science companies in the Greater Boston markets. They have invested significant capital into what was already first-class space with the goal of making it a life science destination for multiple GMP users all under one roof.. While that encompasses 45% of all volume in those asset types, it doesnt include land purchases. EG: Kendall Square had zero vacancy over the last three years, so we were spending more time in secondary markets. Broder acquired the Pleasant Street Science Park in. Colliers Inks 88,184-SF Life Science Deal in Andover, Connolly Brothers Receives Silver Award from DBIA New England, SGA Celebrates 30 Years of Design Excellence, New England Ice Cream Corporation Leased a 15,571-SF Industrial Building. Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. Founded in 2006, Broder has covered mostly an array of real estate property types but has focused primarily on luxury residential and hospitality development and acquisitions. Email: colliers@goldin.com. Other areas attracting life science growth include Boulder, Columbus, Houston, Los Angeles, Minneapolis, New Haven, Phoenix, and Pittsburgh, among others. New deliveries in 2022 will open the door for more absorption. All Rights Reserved. This industry is still in the early stages of growth in most markets. Navigating this quickly-shifting sector requires deep expertise and a team of committed professionals, which Colliers has plenty of. With a staff of over 130 working out of the Colliers Boston offices, we take a strategic approach to on-going company growth and talent acquisition, making sure that our people represent and uphold our overall company culture and values. "Residential had that . Colliers arranged the financing on 30 Dan Road as well as the $21 million sale of the Canton, Massachusetts property. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. Matt, lets talk about investment sales in the region. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. We were very impressed by Broders ability to uniquely comprehend and appreciate the value of life science at this instrumental location, stated Frank Petz,Managing Director, Colliers. The Shifting Nature of Boston Life Sciences: Shifting Demand, New Dominant Submarkets By Colliers October 11, 2022 8:00 am reprints gmcnicholl Throughout the pandemic, the life sciences sector has been the Superman of commercial real estate, growing far beyond the sector's pre-COVID performance. Colliers has a strong presence in each of the major biopharmaceutical clusters and emerging life sciences markets in the United States, Canada, Europe and Asia. In her new role, Barry will provide life science clients with various critical services including site selection assistance, vendor procurement, budgeting and timeline management assistance and more. Boston, MA Colliers has appointed Kim Barry as senior vice president in the Boston life science practice group. Jake Klein It was an opportunity for the buyer to get their hands on a building with a Cambridge address. Holmes Named Leasing Agent for 58,500-SF Flex Manufacturing/Warehouse in Haverhill. Early-to-mid-stage companies are scaling up and seeking bigger real estate footprints. As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. IQHQ acquired the 211,940-SF life science campus from owner-occupier, Eisai, Inc., back in early 2020, and in partnership withColliershas completed leases to UMASS and Ora Clinical in addition to this latest signing. Caitlin joined Colliers in 2021, serving as an Advisor on the Boston Life Science Practice Team. Oncorus, whose R&D headquarters will remain in Cambridge, will occupy Innovation Park at 4 Corporate Drive as an additional location for high-quality GMP clinical manufacturing space. Barry moved from the bench, focusing on laboratory and facility management ,which is where her interest in the commercial real estate side of the Life Science industry blossomed. Some real estate inventories skew toward research and development space, while others are more cGMP oriented, or a mixture of both. 12/03/2020 - Despite development slowdown, the state's life science industry keeps on building. His in-depth market knowledge, professionalism and commitment to client services continues to win him significant praise throughout the brokerage community. So, part of it is the slowdown in the IPO market. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. Read the latest edition of the Commercial Observer online! Both projects were built to LEED Platinum standards and have won numerous design awards. Prior to joining Colliers, Barry also held roles as a scientist at several local biotech companies with experience at the bench in both R&D and GMP laboratories. Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies. While the market momentum continued into Q3 and Q4, the Philadelphia Life Sciences Cluster began to show indications that it was not immune from the impacts of rising interest rates, inflation and more conservative investment attitudes towards both real estate and early-stage drug development. From a scale perspective, the San Francisco Bay Area and Boston rank first and second, respectively. Eight Boston Architecture Firms Make to the List of Top 50 Market Basket Supermarket Coming to Maynard Crossing, The Top 10 Commercial Real Estate Developers of Boston in 2020, CBRE New England Brokers Three Leases, Totaling 75,695 SF in Chelmsford. Life science developers are paying two to three times as much per square foot for development sites as apartment developers in the urban core, according to research by Colliers International. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. EG: We do a fair amount of tenant representation. After carefully listening to your vision, we customize each process to deliver the best results that match your checklist of goals. I am passionate about my mission to to champion a Colliers Boston that is grounded in integrity, teamwork, open communication, diversity and inclusion, and a client first approach. Copyright 2022 Colliers International Colliers Life Sciences Review - Boston - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Terms of Use The largest investment sales were in the Boston market, which had multiple billion-dollar-plus transactions, in 2021. Boston Has the Largest Potential Pipeline of Life Science Space in the Vertex Pharmaceuticals to occupy Related Beals planned development of 22 Drydock Avenue, Boylston Properties Launches Property Management Arm, Cresa Publishes Data-Driven Insights & Predictions for Greater Boston Real Estate Markets, R.W. Alongside my partners on the Southwest Brokerage team, I helped clients make highly informed decisions in an increasingly dynamic investment and leasing market. Kim is an innovative problem-solver with a proven track record of success, said Evan Gallagher, Executive Vice President of Colliers Life Science Practice. Notably, Broder has recently completed two significant projects in Chicago and the Berkshires. So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. For the early- and mid-stage companies, whether theyre private or public, it comes down to two things. The next tier is Philadelphia, San Diego, and New Jersey; Raleigh-Durham is its own tier, and other markets fall in line thereafter. His team provides aone stop solutions for account management, lease administration, workplace strategy, labor analytics, capital markets, project management, andincentives procurement services. 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