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StoneCreek Partners / Posts tagged "Illinois real estate projects"
life sciences facilities directory

Life Sciences Real Estate is Hot

02.11.2020 Mega Projects Tracking and Monitor, News about office and industrial properties, StoneCreek Partners News and Research

Life sciences real estate is hot among property developers and investors, and has emerged as a highly-desired real estate asset class.  “Life Sciences” refers to the booming industry made up of such industries as biotechnology, pharmaceuticals, biomedical devices, genetics and genomics, and research and development (R&D).

 

Life sciences real estate is exceptionally hot among investors, as 2020 heads towards year-end.   The life sciences industry was already a top economic sector as 2019 came to a close, and this Covid-19 pandemic year has only propelled investor interest in the industry.

 

Life sciences facilities are typically clustered in areas with strong university research and teaching programs in the life sciences, and situated in proximity to other facilities and their tenants.  In fact, seven of the top 10 biological science programs are at graduate universities located in the top life sciences clusters of Boston, the San Francisco Bay Area and San Diego.

 

Some of the top life sciences clusters includes the following cities and districts:

 

  • Boston-Cambridge
  • San Francisco bay area
  • San Diego
  • New Jersey
  • Raleigh-Durham
  • Washington, DC – Baltimore
  • New York City greater metro area
  • Philadelphia
  • Los Angeles
  • Chicago

 

 

Life Sciences Real Estate is Hot

Life sciences real estate is a hot real estate asset class among real estate investors and developers.

 

As part of the office and industrial real estate asset class, life sciences properties are a more specialized and generally more expensive facility than typical general-purpose office and industrial properties.    The pairing of university bio-science research with private-sector life sciences companies seeking to leverage such research, is a more fine-tuned version of the well-known Science and Technology Parks that got their start in the 1950’s.

 

For more Information

 

We track the life sciences asset class on behalf of our clients.   We maintain a summary of this tracking online, which is available by clicking here ==>  Life Sciences Facilities Directory & Industry Players

Planned Community Consultants - project feasibility consultants

Conway Farms Golf MPC – Project Feasibility

01.09.2019 Golf course redevelopment and adaptive re-use, Land Development Consultants, Master Planned Community Developments, Project Feasibility Consultants

Confidential Private Investor Group   |  As project feasibility consultants, SCP provided market and financial feasibility analysis in support of this 400-acre master-planned residential golf community in Lake Forest (Chicago), Illinois.

 

Residential market analysis, residential product array and concepting, builder residual analysis, and business plan feasibility analysis was conducted for this now completed luxury residential golf community, situated in prestigious Lake Forest, Illinois.   The Tom Fazio (golf course architect) award-wining course sits on 209 acres and is designed around the traditions of Scottish links golf.

 

Marriott Hotel Schaumburg

19.08.2018 Facility Asset Managers and Consultants, Owner Representation Consultants

Representing partner in this 50/50 joint venture, provided partner (owner) representation and asset management of this prominent suburban Chicago hotel, situated within.

 

The hotel facility, as well as Woodfield Corporate Center, are situated adjacent to Woodfield Mall, a prominent Chicago suburban regional shopping center. The Village of Schaumburg, Illinois has grown to become the retail commercial hub of the northwest suburbs. The village is home to Medieval Times, Spring Valley Nature Sanctuary, and many restaurants and hotels. Schaumburg is also the location of more than 13 million square feet of industrial space occupying over 1,600 acres of land.

 

Owner Representation Consultants - Asset Management Consultants - office and hotel

Woodfield Corporate Center

19.08.1989 Mixed-Use Development Consultants, Owner Representation Consultants

Owner representative and asset management of major suburban mixed-use facility in Schaumburg (Chicago), Illinois.

 

Asset management and owner representation to joint venture partnership in Woodfield Corporate Center, then the leading mixed-use development and corporate campus in suburban Chicago. Responsibilties include leasing and lease administration.

 

Facilities at Woodfield Corporate Center include high-rise multi-tenant office towers, the Schaumburg Marriott Hotel, and ancillary retail and restaurants. The 48-acre, 1.9 million square-foot mixed-use development was built phases between 1982 to 1986.

 

In collaboration with venture partner Prudential Insurance Co., a repositioning of the facility was completed, including the appointment of U.S. Equities as property manager and leasing agent. Work completed by Firm Principal while with predessor firm. In 1999, the complex sold for $200 million+ to New York-based J.P. Morgan Investment Management Inc. The complex was the largest suburban office development to sell in the U.S. in that year.

 

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