The life science industry in San Diego saw record-breaking venture capital investment activity in the second quarter of the year, according to a report from CBRE. In total, life sciences received $423 million in venture capital investment. In total, the San Diego market received $501 million in venture capital investment, including tech and other sectors. The seven largest deals were in the biotech and pharmaceutical fields, and the largest deal went to Ansun BioPharma, a Torrey Pines-based clinical-stage bio-pharmaceuticals company, which received $85 million. While life science investment was up, tech investment slowed for the quarter. We sat down with Michael Combs, research manager at CBRE, to talk about the investment activity and how it is impacting real estate. What is driving this tremendous growth in life science investment?

Michael Combs: It is important to highlight that we have seen more investment into life sciences nationally. We are seeing the volume shift that way, and there could be a lot of national and global reasons for that. San Diego is capitalizing on that because it has really been on the cutting edge of some of the key areas of interest, like genomics and new bio-pharmaceutical treatments. Those are areas where a lot of investors are focusing their interest. They are technologies that have the opportunity for huge multiple growth in terms of return but also where larger corporate entities are looking to invest in research and development. San Diego has always been a great place for a lot of the R&D to turn into an acquisition to a larger firm or an agreement or partnership with a larger firm.

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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 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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