San Diego San Diego

Blackstone has secured a $182 million loan tofund improvements at University Town Center by BioMed Realty in SanDiego. The property is a four-building 288,000-square-foot lifescience campus.

Funding includes a holdback for the redevelopment currentlyunderway, led by the conversion of certain office space tolaboratory/life science use and the addition of a variety ofclass-A amenity features serving the entire campus. Currently, theproperties are 94% leased to laboratory/life science and officetenants, the majority of which are or will be using the propertiesas their respective corporate headquarters.

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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 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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