Alexandria Real Estate Equities
Lumen Bioscience Leases 39,000 SQFT at Lake Union Center in Seattle’s Wallingford as Lab Vacancy Hits 18.9%
Seattle biologics developer Lumen Bioscience landed the largest notable life sciences lease in the Seattle market in the third quarter, a 39,000-square-foot deal...
Alexandria’s Seattle Pivot Holds as Q3 Write-Downs Hit Palo Alto, San Carlos and Austin Instead
Alexandria Real Estate Equities' third-quarter results show its Seattle strategy of converting surplus lab sites to housing and courting advanced technology tenants still...
Alexandria CEO Says Institutional Investors Still Favor Seattle Lab Buildings Despite 18.9% Vacancy
Peter Moglia, chief executive of Alexandria Real Estate Equities, told analysts that Seattle belongs with Boston, San Francisco and San Diego as a...
Alexandria Swings to $638.5MM Loss on Write-Downs as CEO Ranks Seattle Among Investors’ Favored Lab Markets
Alexandria Real Estate Equities booked $637.9 million of real estate impairments in the third quarter and swung to a $638.5 million net loss,...
Seattle Lab Pipeline Goes Dark With Zero Construction, Leaving 1.8MM SQFT to Absorb
Seattle has no life science space under construction, and San Diego has joined it at zero while the Bay Area’s pipeline shrank to...
Seattle Life Science VC Plunges 58% to $396MM as Bay Area Funding Holds at $8.3B
Seattle life science companies raised only $395.9 million through the third quarter, on pace for the weakest year since at least 2022, as...
Seattle NIH Funding Slips to $1.2B as Federal Budget Fights Test Research Lab Landlords
National Institutes of Health funding to Seattle-area researchers slipped to $1.2 billion in the fiscal year that ended Sept. 30, part of a...
Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’
At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...
Eastside’s 14.7MM SQFT Office Pipeline Still Has Zero Pre-Leasing as Supply Freeze Props Up Bellevue Recovery
Broderick Group's third-quarter report still counts roughly 14.7 million square feet of proposed office development across the Eastside, none of it pre-leased, and...
Alexandria Stretches $5B Credit Line to 2032 as Seattle Lab Sites Pivot to Housing and Tech
Alexandria Real Estate Equities extended its $5 billion revolving credit facility to 2032 at a lower spread, a refinancing that buys runway for...
T-Mobile Cuts 77 Jobs, Fully Exits Bothell’s Canyon Pointe Office Campus
T-Mobile is walking away from the last of its office space at a Bothell campus it once occupied in full, a real estate...
Alexandria Names Seattle Among Top Markets for Advanced Technology Demand as Lab Pipeline Shrinks 20%
Alexandria Real Estate Equities singled out Seattle as one of three markets where advanced technology tenants are absorbing buildings the REIT once planned...
