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What’s So Special About Life-Sciences Real Estate?

SAN DIEGO—From legal considerations to zoning, permitting and other regulatory matters, the differences between traditional office and laboratory leases are vast, say speakers at the Corky McMillin Center for Real Estate’s recent breakfast event here.

BioMed breakfast event The breakfast program tackled a growing and active segment of commercial real estate in the life-science industry.

SAN DIEGO—From legal considerations to zoning, permitting and other regulatory matters, the differences between traditional office and laboratory leases are vast, said speakers at the Corky McMillin Center for Real Estate’s recent breakfast event here. The program, titled “What Makes Life Sciences Real Estate Special?” tackled a growing and active segment of commercial real estate in the life-science industry.

Presenters included Tracy Murphy, regional VP, and Marie Lewis, VP for real estate legal, both from BioMed, a firm that develops, acquires, owns and operates offices and laboratory spaces for tenants in the life-science industry. The company was recently acquired by Blackstone for $8 billion, becoming the second-largest privatization since EOP. BioMed holds a portfolio of 18 million square feet of rentable space worldwide, ranging from traditional office space to small lab spaces to state-of-the-art build-to-suit life-science properties.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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