Industry News

Bristol Myers Squibb is partnering with Alexandria Real Estate Equities to create a 427,000-rsf R&D center in San Diego. Located in the Alexandria Point development, the leased facility will provide core labs for the creation of advanced biopharmaceutical therapies. Housing nearly 600 researchers and staff members, the collaborative building will consolidate employees from several regional campuses into a flexible working ecosystem for discovery and innovation.

Arizona State University completed construction in early 2022 on the $192 million Rob and Melani Walton Center for Planetary Health in Tempe. Designed by Architekton and Grimshaw, the 281,000-gsf facility provides leading-edge research labs for biological and life sciences, engineering, and sustainability, as well as offering dry labs for programs in computing, cybersecurity, and robotics.

Vermeulens has released its market outlook report for the fourth quarter of 2021. Key points include:

Eli Lilly & Company is investing approximately $700 million to create the Institute for Genetic Medicine in Boston. Located in the Seaport district, the leased facility will provide 334,000 rsf of leading-edge research space for the discovery of innovative RNA and DNA-based therapies. The project will also include a shared R&D center with dedicated and configurable lab environments to enable biotech start-ups to collaborate with Lilly scientists.

North Carolina Agricultural and Technical State University opened the $90 million Harold L. Martin Sr. Engineering Research & Innovation Complex in Greensboro in February of 2022. Designed by EYP Architecture & Engineering, the four-story, 130,000-gsf building accommodates programs in cybersecurity and network systems, energy and sustainability, and health applications.