Industry News

AstraZeneca officially opened The Hub on the Cambridge Biomedical Campus in October of 2024. Designed by Herzog & de Meuron, this dynamic amenities center offers inviting settings for collaboration, engagement, and relaxation that are available to both corporate employees and the local community. The facility's 39,460-sf internal floor area accommodates a fitness center, treatment rooms, and areas for health screening and occupational health services. Other features include a nursery and preschool, a café, a bar, a shop, and an inviting garden.

King Street Properties has announced the substantial completion of the South Building at the Landing, a purpose-built complex for biomedical innovation. Designed by Perkins&Will, the seven-story, 300,000-sf facility offers 46,500-sf floor plates and advanced MEP systems to support a 60/40 lab-to-office ratio. Robust research programs can be accommodated by 15-foot deck-to-deck heights, with expansive 20-foot heights available on the ground floor.

JLL’s Global Future of Work survey has explored the evolving world of corporate real estate since 2011. This year, it analyzes the key priorities, challenges, and strategies of more than 2,300 professionals and decision-makers from around the wold. Recent insights show that companies are adopting a cautiously positive outlook in this increasingly dynamic and ambiguous environment. With plans to increase and rebalance organizational headcount in the coming years, many are ready to invest in their real estate as they expect to increase their budget and footprint.

Attovia Therapeutics is relocating to 26,000 sf at Brittan West, a recently completed life sciences center in San Carlos, Calif. JLL acted as leasing agent for the facility, which will enable the company to expand its research activities and accelerate the creation of novel biotherapeutics for immune-mediated diseases. Access to world-class amenities will enhance collaboration and optimize the employee experience.

One United Properties began construction in August of 2024 on One Technology District, a semiconductor R&D center in Bucharest, Romania. Infineon Technologies will occupy the facility and has committed to a 15-year lease that represents a total contract value of $62.2 million. Positioned to become the largest semiconductor hub in southeast Europe, the innovation complex will offer a gross leasable area of 222,000 sf, including 32,000 sf of next-generation lab space.