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Tishman Speyer venture ramps up wager on biotech real estate recovery

Seeking discounted deals, Breakthrough Properties’ latest fund follows $3 billion bet
Breakthrough Properties' ongoing projects include 2300 Market in Philadelphia. (Sahar Coston-Hardy/Breakthrough Properties)
Breakthrough Properties' ongoing projects include 2300 Market in Philadelphia. (Sahar Coston-Hardy/Breakthrough Properties)
CoStar News
November 19, 2025 | 9:48 P.M.

A venture that includes global office developer Tishman Speyer is ramping up an already $3 billion bet on the recovery of biotech real estate with the launch of a fund meant to take advantage of lower prices stemming from a glut of space and slow demand.

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News | Tishman Speyer venture ramps up wager on biotech real estate recovery