CBRE highlights 6 markets with rapidly growing life science clusters

  • Life science real estate is hot, with the lab space square footage growing by almost 12% across the US in the last year, according CBRE report detailing growth in the largest biotech clusters. 
  • CBRE’s report highlighted the 13 largest biotech clusters and the top 10 emerging clusters, showing how record amounts of funding from the National Insitutes of Health and venture capital are translating to the real estate markets.
  • Business Insider highlighted 6 clusters that are seeing large amounts of growth, whether they’re established but growing very rapidly, like New York City, or they’re emerging, like Pittsburgh and Houston.
  • Visit Business Insider’s homepage for more stories.

Real estate to house pharmaceutical, biotech, and other medical research professionals is growing at a rapid pace and rents continue to rise, a sign that tenant demand can support the increasing attention on life sciences from institutional investors and developers. 

Lab space has grown

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5 Smart Home Products On Sale That Will Make Your Life A Little Easier

5 Smart Home Products On Sale That Will Make Your Life A Little Easier
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Amazon’s Prime Day is coming. Taking place on October 13 & 14, the annual “holiday” for shopping enthusiasts offers members two full days to get an early start to a season of savings with deep discounts on holiday must-haves across toys, electronics, fashion, beauty, kitchen, home, Amazon Devices, and everything else you need and love. 

And because every home that has smart devices, is one that makes your life easier, now is a better time than ever to get in on the savings. Whether the techie on your list is looking for a video doorbell, smart security camera, baby monitor, refrigerator, thermostat, light bulbs, and a smart speaker assistant like Alexa, Amazon has it all. Here are a few must-have items you’ll need to add to the tech wish-list for gifts this year.

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Covid drives historic demand for life sciences real estate and these REITs, report says

  • Venture-capital investment in the life sciences sector grew to a record rolling annual total of $17.8 billion in the second quarter.
  • Covid-19 is accelerating an already growing demand for real estate in the sector.
  • “The biotech sector may be the single most attractive subsector within commercial real estate today,” said Spencer Levy, chairman of Americas research and senior economic advisor for CBRE.



a person standing in a room: Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.


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Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.

All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real estate in the sector.

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Rents are rising for lab space, vacancies are plunging and research and development, and employment and new development are expanding further, thanks to strong venture capital investment. 

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Life inside senior care homes, after the coronavirus crucible

In the rooms, halls, and gathering spots of the Commonwealth’s senior care sites, the coronavirus took a particularly insidious hold in the spring and early summer. Rogerson House in Jamaica Plain had the state’s first known senior care fatality. At St. Chretienne Retirement Residence in Marlborough, 22 of 31 nuns contracted the coronavirus. Sickness spread and the residents were isolated from friends and family. Since those dark days, staff members have adjusted even the most basic of routines. Today, the way of life for residents has been transformed.

 Sisters Gloria Cote, 92, (left) and Jeanne Fregeau, 93, shared a laugh on the porch at St. Chretienne Retirement Residence. Both fell ill to COVID-19 during the April outbreak. Cote said, "I wasn't as sick as she was."  Fregeau said, " When I realized what it was I was afraid to die. Then I thought, 'the Lord will come and get me.' I worried about what would happen to Gloria. But I guess it wasn't time because he didn't come get me.''
Sisters Gloria Cote, 92, (left) and Jeanne Fregeau, 93, shared a laugh on the porch at St. Chretienne Retirement Residence. Both fell ill to COVID-19 during the April outbreak. Cote said, “I wasn’t as sick as she was.” Fregeau said, ” When I realized what it was I was afraid to die. Then I thought, ‘the Lord will come and get
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’That house’ on Lake Travis now for sale after Austin Weird Homes Tour – Entertainment & Life – Austin 360

It’s been called the Mushroom House, the Nautilus House and the Sand Dollar House. Some have described it as being otherworldly.

Now the Lakeway house that was featured on the Austin Weird Homes Tour earlier this month is on the market for $2.2 million.

“It just seemed like the right time to move onto the next chapter and allow some other lucky individual to have an opportunity to call the Sand Dollar House home,” said owner Liz Bradford.

She had dreamed about owning this home since she was a college student at the University of Texas and saw the house from a boat on Lake Travis.

The three bedroom, 2 1/2 bathroom, 2,240-square-foot home at 819 Mariner is being listed by Todd Grossman and Michelle Jones, of Grossman & Jones Group at Compass. You can

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