National developers Sterling Bay and Harrison Street obtained $265 million in first-phase construction financing for a planned $650 million life science campus in San Diego, as developers bet on long-term demand for lab space despite recent slowdowns in biotech leasing and venture funding.
Developers Obtain Financing for $650 Million Biotech Campus in San Diego
Work Begins on Five-Building Project Amid Nationwide Slowdown in Life Science Demand
By Lou Hirsh
CoStar News
May 25, 2023 | 8:56 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Sterling Bay
Real Estate
- Harrison Street
Finance and Insurance
- Contacts
- Andy Gloor
Chief Executive Officer, Sterling Bay