South San Francisco
A Shot in the (Life Science) Arm for Puget Sound
Eli Lilly’s $1.5 billion cash deal for Bothell-based Curevo Vaccine is the kind of validating, capital-attracting exit Puget Sound’s life sciences cluster has...
North American Life Sciences Sector Grapples With Supply Glut as 55% of Recent Lab Deliveries Sit Vacant
A pandemic-era construction wave has collided with cooling demand, leaving nearly 60 million square feet of new lab space struggling to find tenants...
Alexandria Real Estate Slashes Dividend 45% as Life Science Downturn Forces Strategy Shift
The pioneering life science REIT posts its fifth consecutive quarterly loss while accelerating asset sales to shore up balance sheet Alexandria Real Estate...
Seattle Landlord Kilroy Realty Posts Mixed Q3 as Portfolio Reshuffling Drives Income Surge
West Coast REIT holds steady in Puget Sound market while banking big on California asset sales and Beverly Hills bet Kilroy Realty Corporation,...
Alexandria Real Estate Posts Third Consecutive Quarterly Loss as Life Science Sector Challenges Persist
Alexandria Real Estate Equities reported a net loss of $0.64 per share for Q2 2025, marking its third consecutive quarterly loss amid declining...
Kilroy Realty Reports Decline in Q1 2025 Earnings Amid Challenging Office Market
Kilroy Realty Corporation (NYSE: KRC), a leading West Coast office and life science REIT, reported a decline in first-quarter earnings, reflecting ongoing challenges...
Sana Biotechnology Opens New 80,000 SQFT Manufacturing Facility in Bothell
By The Registry Staff Seattle-based Sana Biotechnology Inc. officially opened its new 80,000-square-foot manufacturing facility in Bothell on Friday. The facility, located in...
Moderna Subleases 54,000 SQFT at Hudson Pacific Properties’ Hill7 in Seattle
By Kate Snyder An office tower north of Seattle’s downtown has gained a new tenant through a sublease. According to a recent report...
Highgate Sells 155-Room La Quinta Inn in Tacoma for $19MM
By Kate Snyder Another hotel transaction was recorded in Tacoma, proving that investors are still interested in the city’s hospitality market. The 155-room...
AIMCO Achieves +50% IRR on Partial Sale of Equity Interest in Life Science Developer IQHQ
By Jon Peterson Denver-based Apartment Investment and Management Company (AIMCO) achieved a very strong return on the sale of its 22 percent passive equity...
Washington State Allocates Additional $750MM into Partnerships with Major Industrial Holdings
By Jon Peterson Pension funds are continuing to expand their commercial real estate allocations allocating sizable funds to the sector across the country. Washington...
Essex and SWIB Form Apartment JV with $660MM of Buying Power
By Jon Peterson San Mateo-based Essex Properties Trust and the State of Wisconsin Investment Board has formed a new apartment investment joint venture that...
