Life Science
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...
Genentech Breaks Ground on $750MM, 211,000 SQFT Manufacturing Expansion in Hillsboro
Genentech broke ground on a $750MM, 211,000 SF expansion in Hillsboro that will add device fill-finish manufacturing and 250 jobs by 2031.
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...
Seattle Life Science Stays Tightest of West Coast Hubs as New Construction Halts
Seattle's life science market entered the second half of 2026 with the lowest vacancy of any major West Coast hub and no space...
Breakthrough Properties Acquires Stalled Seagen Biologics Plant in Everett for $78MM
A biomanufacturing facility that Pfizer abandoned two years into a $500 million build-out has changed hands for a fraction of that investment, landing...
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...
Washington County, Tualatin Float SIP Tax Break to Anchor Lam Research’s $1.7B TuX Expansion
Washington County and the City of Tualatin have proposed a Strategic Investment Program tax abatement designed to lock in as much as $1.7...
Magnolia Medical Technologies Takes 10,000 SQFT at Queen Anne Square as Seattle Lab Vacancy Climbs to 19%
Magnolia Medical Technologies, the Seattle diagnostics company whose Steripath device reduces false-positive blood culture results in sepsis testing, has committed to 9,751 square...
Immunome Expands at Alloy Innovation Center with 13,000 SQFT in Bothell Ahead of FDA Decision
Oncology company Immunome has added 13,346 square feet at 11804 North Creek Parkway, expanding within the same Bothell campus where it established its...
Zimmer Biomet Leases Entire 11,000 SQFT Georgetown Works Building in Seattle
Medical device giant Zimmer Biomet has leased 11,329 square feet in Seattle, taking an entire freestanding flex building that had sat on the...
Seattle Life Sciences Vacancy Spikes to 19% as Alexandria Converts Lab Site to Apartments and Astellas Exits Stem Cell Operation
Seattle's life sciences vacancy rate surged 540 basis points year over year to 19 percent in the second quarter as new lab space...
BioLife Solutions Converts Former Bothell Church Into 5,000 SQFT Cryobiology Lab, Pushing Footprint to 64,000 SQFT
A onetime evangelical sanctuary on Monte Villa Parkway has been gutted and rebuilt into one of the few dedicated cryobiology research labs in...
