Sorrento Mesa Life Science Building Sold For $43.2M

10222 Barnes Canyon

A two-story Sorrento Mesa life science building has been sold for $43.2 million. The 81,976 square-foot building at 10222 Barnes Canyon Road is fully leased to Invivoscribe Technologies and Crinetics Pharmaceuticals. The buyer was TH Realty. The seller was Bollert/LeBeau. The property recently underwent $17 million in renovations that included a new façade and window […]

Cluster of life science offices sell for $112 million


A Boston company bought a cluster of San Diego office buildings this week for $112 million, one of the biggest local real estate sales of the year. The cluster of 12 buildings had been owned by San Diego-based Parallel Capital Partners, a real estate investment firm. The total area sold equals around 318,969 square feet […]

HCP Selling Google-Occupied Silicon Valley Campus for $1B


Irvine, CA-based HCP is under contract to divest Shoreline Technology Center in Mountain View, CA for $1 billion. The disposition of the roughly 800,000-square-foot asset is expected to generate a gain on sale of approximately $700 million upon closing in Q4 2018. The 12-building campus is located along Stierlin Ct., and is 92% occupied by Google. The buyer was […]

San Diego Third Biggest Life Science Market in US

Globe St

The life science market in San Diego is among the top in the country. According to a report from Cushman & Wakefield, San Diego is the third largest Biotech Hub in the country, behind Cambridge and San Francisco. The market has more than 19 million square feet of biotech space, and the number is growing. […]

San Diego Firm Gets $149M in Refinancing for UTC Life Science Campus


San Diego-based Phase 3 Real Estate Partners Inc. has secured $149 million in refinancing for its Genesis Campus Point life sciences campus in University Town Center, marking the second major refinancing this year across the company’s California portfolio. In March, Phase 3 obtained nearly $385 million in refinancing for its Genesis North and South Towers […]

San Diego’s Hybritech still influences local biotech, 40 years later


In 1978, two young UC San Diego academics named Ivor Royston and Howard Birndorf had an idea: Using the new science of biotechnology, they could make better products for research and therapy. Their idea became Hybritech, San Diego’s first biotech company. Hybritech’s notable achievements included the first blood test to screen for prostate cancer, along […]

VCs Are Pouring Billions into Biotech in 2018

Vcs Are Pouring Billions into Biotech

  With tax reform in place and corporations expecting lower taxes and easier access to overseas cash, the biopharma industry focus has been on potential merger-and-acquisition activity. So far, the big deals have been Celgene acquiring Juno Therapeutics for $9 million and Impact Biomedicines for $7 billion, and then Sanofi US buying Bioverativ for $11.6 […]

Biotech Real Estate Maintains Momentum in San Diego

CoStar Biotech_2.14.18

New brokerage data points to San Diego’s red-hot life science real estate market remaining among the nation’s most active in 2018 and beyond, as major biotech and pharmaceutical players seek expansion opportunities in a climate of limited available laboratory space. “There’s a lot of money out there right now,” Cushman & Wakefield’s Greg Bisconti told […]

Roche Bets $1.7B More on Precision Oncology With Ignyta Deal

Roche bets

In a buyout that marks the latest endorsement for targeted cancer drugs—and, potentially, the increasing utility of broad cancer DNA tests—Roche this morning agreed to acquire San Diego biotech Ignyta in an all-cash deal valued at $1.7 billion. Roche will pay $27 per share for Ignyta (NASDAQ: RXDX), a whopping 74 percent premium to the firm’s […]

VC investment in biotech blasts through $10B barrier in 2017

VC Investment

Vienna-based Hookipa Biotech has raised almost $60 million in an oversubscribed Series C funding. The investment will help the clinical stage company, which specializes in immunotherapy treatments for cancer and infectious diseases, bring two products to Phase I and II testing. Read More

San Diego County Ranks No. 3 in State with Life-Sciences Jobs


According to the California Life Sciences Association, employment in San Diego County’s life sciences industry has surpassed Orange County for the first time, ranking the region as No. 3 in the state. Additionally, the county’s life science job growth rate exceeded the statewide average significantly. Read More

Quidel to Acquire Assets of Alere for $440 Million

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Quidel Corp, California-based leading diagnostic healthcare manufacturer, plans to purchase $440 million worth of assets from the East Coast diagnostic company, Alere Inc. The contract specifies that Quidel would obtain Alere’s “Triage B-type naturistic peptide assay business, and its Triage MeterPro cardiovascular and technology assets for $400 million plus $40 million in contingent consideration.” This […]

An Update on San Diego’s Life Science Sector


San Diego Life Sciences startups have access to a form of financial aid that many other regions do not, and that is the large pool of angle investors and Venture Capital firms that occupy the area. However, recent concern has risen regarding the proposal to cut $1.2 billion from the medical-research agency, says Ted Jacobs, […]

Ionis Purchases 2855 Gazelle from BMR


Ionis Pharmaceuticals (formerly Isis Pharmaceuticals) has purchased their 176,000 square foot headquarters they were leasing from BioMed Realty (BMR) for $79.4 million. Ionis had multiple options per their lease to purchase their campus. The Gazelle property, located in Carlsbad, is currently Ionis’ primary R&D facility.  Read More    

HCP Buys Scripps Wateridge


Health Care Properties (HCP), a Health Care REIT, purchased two buildings for $26,100,000. 6965 Lusk Blvd – 74,732 SF is currently leased to Qualcomm and if they vacate HCP plans to build lab/office space. HCP already has plans to convert 6925 Lusk Blvd – 49,732 SF into a “flex” R&D building with office and lab […]

The JLABS Story


Melinda Richter had one mission, to figure out how to get the life sciences industry running like the start-ups in the tech industry. In January 2012, after a few years of work, Richter joined with Johnson & Johnson to open the first JLABS location right here in San Diego. Since, JLABS has seen companies like […]

Top 12 Hot Biopharma Regions for Growth and Expansion

top 12

Globally, the biotech industry is growing and expanding at a rapid pace.  In honor of Biospace’s 30th anniversary, they highlighted 12 major biotech regions.  These regions had the greatest growth and potential based on research and development dollars, job opportunities, quality of workforce, funding and a few other factors.  Besides the 3 major regions, Boston, […]

California Remains a National Force in Life Sciences


In California, the life science sector remains a potent economic force, especially in San Diego County and the San Francisco Bay area.  Life sciences include areas mainly concerned with health care, like biotechnology and medical devices.  Not only are employment statistics growing throughout the sector, but funding and the government approval rate has significantly increased. […]