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Ted Jacobs Jacobs: “If demand remains active close to or even above current levels, we will definitely continue see more properties being converted to life-sciences product ahead.”

SAN DIEGO—Life-sciences companies have access to angel investors and venture capital, and the IPO market is available for companies with good data; however, there has been concern about the proposal to cut $1.2 billion from the medical-research agency, Ted Jacobs, senior director, global life-sciences practice group for Cushman & Wakefield San Diego, tells GlobeSt.com. According to a recent life-sciences report from the firm, San Diego is the third-largest biotech hub in the US (behind Cambridge, MA, and the San Francisco Bay Area), and C&W is tracking more than 18 million square feet of existing market inventory in the San Diego hub. In the report, Jacobs says, “The San Diego life-sciences sector is performing at an all-time high, which has resulted in the growth and expansion of the life-sciences tenant base. While San Diego continues to thrive, activity has been even more pronounced in Cambridge and San Francisco, which are also experiencing record leasing activity.”

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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