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Where Is All The VC Funding Going?

San Diego had a record-breaking $594 million in venture capital investment in the first quarter, and most of it went to life science companies.

Bill Bacon Bill Bacon

San Diego had record-breaking venture capital investment in the first quarter of 2018, with $594 million in VC funding flooding into the market, according to new research from CBRE. The majority of the capital—$400 million—went to life science companies, positioning San Diego as a major hub for the life science market. During the quarter, there were a total of 23 transactions with Silvergate Capital Corporation nabbing the largest deal, receiving $114 million. In life science alone, Biotech / pharmaceutical received the most funding at $335.9 million. To find out more about what is driving this investment activity and how it is impacting the commercial real estate market, we sat down with Bill Bacon, EVP at CBRE, for an exclusive interview.

GlobeSt.com: The San Diego market saw record-breaking VC spending in the first quarter. What is driving all of this investment activity in the San Diego market?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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