Following Dispatch Bio’s recent $216 million capital raise, Brandywine Realty Trust CEO Jerry Sweeney expressed optimism about the region’s life sciences sector, calling it in “recovery mode.” “Green shoots on the capital raising front are emerging,” Sweeney noted, pointing to the funding as a positive indicator amid a challenging market. The milestone is notable given… Read more »
The life sciences industry is growing rapidly in Greater Philadelphia, and projects like Schuylkill Yards, developments like One uCity Square, hubs like the University City Science Center and companies like Spark Therapeutics have helped put University City at the center of the accompanying development boom. University City neighbors Drexel University and the University of Pennsylvania are also… Read more »
Despite another slowdown in venture-capital funding in the second quarter, developers in the life-sciences space still feel largely confident about the lab real estate sector. That is, in select hubs, submarkets and types of development. Dan Belldegrun, co-founder and CEO of Breakthrough Properties LLC, said right now is a tougher moment for the biotech sector,… Read more »
