University Town Center
Build-to-Suits Are the Only Lab Construction Left in San Diego
JLL's latest count shows 466,598 square feet of lab space rising in UTC while Savills tallies none at all, a gap that comes...
U.S. Bank Renews 32,000 SQFT at American Assets Trust’s La Jolla Commons in UTC
U.S. Bank renewed 31,501 square feet at 4747 Executive Drive in UTC, a vote of confidence in one of San Diego's premier office...
Bristol Myers Squibb to Return More Than 250,000 SQFT at Alexandria’s Campus Point as 200,000 SQFT Backfill Nears
Bristol Myers Squibb will hand back more than 250,000 square feet at Alexandria Real Estate Equities' Campus Point Megacampus in 2027 as it...
Capricor and Aspen Neuroscience Lead 220,000 SQFT of Cell Therapy Leasing in San Diego as Lab Vacancy Climbs
Capricor Therapeutics and Aspen Neuroscience leased nearly 220,000 square feet of San Diego lab and manufacturing space in the third quarter, joining Seattle's...
Alexandria Sells 29% Stake in 1,587,000 SQFT Campus Point Megacampus to KKR for $475MM in San Diego
Alexandria Real Estate Equities sold an approximately 29 percent noncontrolling interest in its Campus Point by Alexandria Megacampus in San Diego's University Town...
Alexandria Posts $638.5MM Q3 Loss on Impairments as San Diego Occupancy Runs 12 Points Above Market
Pasadena-based Alexandria Real Estate Equities swung to a $638.5 million third-quarter loss on nearly $638 million of real estate write-downs, even as it...
San Diego Lab Pipeline Goes Dark With Zero Construction, Leaving 9MM SQFT to Absorb
San Diego has no life science space under construction, and Seattle has joined it at zero while the Bay Area’s pipeline shrank to...
Alexandria’s 171,000 SQFT Capricor Lease Hinges on FDA Ruling as San Diego Lab Vacancy Hits 28.5%
Alexandria Real Estate Equities has committed a tenant improvement allowance of up to $31.6 million and more than two years of base rent...
Cass Street, Global Mutual Launch $20MM Site Work to Turn Former Costa Verde Center Into 13-Block High Street Village Near UTC
Sorrento Valley-based Cass Street Venture has started demolishing the long-vacant Costa Verde Center across from Westfield UTC, rebranding the 12.6-acre site as High...
Pasadena’s Alexandria Extends $5B Credit Line to 2032 as San Diego Sales Feed Debt Paydown
Pasadena-based Alexandria Real Estate Equities pushed its $5 billion revolving credit facility out to 2032 at a lower spread, a refinancing that carries...
Arup Plants First Dedicated San Diego Office at La Jolla Commons, Betting on UTC’s Life-Sciences Pull
After nearly four decades of working in the region without a home base, global engineering firm Arup has opened its first dedicated San...
Alexandria Captures 1.7x Its Market Share of San Diego Leasing as 427,000 SQFT Bristol Myers Squibb Hub Delivers
Alexandria Real Estate Equities leased nearly twice its market share in San Diego during the second quarter and handed Bristol Myers Squibb a...
