BioMed Realty

BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today provided highlights of its continued 2024 Environmental, Social and Governance (ESG) achievements.   BioMed Realty is a portfolio company within Blackstone’s Core+ Life Sciences Real Estate strategy, which achieved Real Estate Sector Leader status for Technology/Science as part of the 2024 GRESB Real Estate Assessment—the leading ESG benchmark for real estate and infrastructure investments across the world. The Company’s submission achieved strong results across both the Management and Performance components of the GRESB Assessment, while earning 4 Star ratings in the Standing Investment and Development benchmark reports.   BioMed Realty CEO Timothy Schoen said: “BioMed Realty is focused on collaborating with our tenants to advance their ESG goals by promoting health, wellness, innovation, connection, and sustainability throughout our portfolio. Our strong performance in the GRESB Real Estate Assessment demonstrates our team’s commitment to operating assets that meet the needs of our tenants and local communities, both now and in the future. By leveraging data-driven sustainability efforts, along with technology and automation, we differentiate our portfolio for prospective tenants and investors.” Learn more about BioMed Realty’s 2024 ESG achievements: https://lnkd.in/gRju5a23

Congratulations to Emily Yu, BioMed Realty Vice President, Legal, on receiving the Asian American Lawyers Association of Massachusetts (AALAM) Community Service Award! Boston Mayor Michelle Wu personally presented Emily with the award earlier this month at AALAM’s 40th anniversary gala and spoke at length about Emily’s contributions and mentorship within the community. Prior to joining BioMed in 2015, Emily served as counsel at Locke Lord LLP, where she worked on the One Greenway project, which includes a substantial affordable housing component developed by the Asian Community Development Corporation (ACDC). She currently serves as Vice Chair of the board of ACDC and a member of the GBH Board of Advisors. Emily is also a campaign committee member for The Asian Community Fund at the Boston Foundation, a philanthropic fund that increases the visibility of the Asian American community and expands resources for nonprofits that serve disadvantaged Asian Americans. Previously, Emily was Chair and trustee of the Harry H. Dow Memorial Legal Assistance Fund, and Vice President and Director of the AALAM Board. In her role at BioMed Realty, Emily has contributed to acquisition, disposition, leasing, development and financing transactions for the Company’s East Coast and U.K. markets. Congratulations, Emily and all 2024 AALAM award recipients!

Congratulations to BioMed Realty’s Boston-Cambridge and ESG teams on our Company being selected as one of the Mass Save Climate Leaders! This recognition honors 19 entities for their climate leadership through significant investments in energy efficiency and their ongoing sustainability efforts to curb energy use. The 2024 Mass Save Climate Leaders represent a range of industries and sectors including real estate, museums, grocery, education, healthcare, hospitality, municipalities, and more. Each honoree has shown a deep commitment to addressing the climate crisis by taking significant measures toward a sustainable future through energy efficient upgrades.  A notable example within BioMed Realty’s Boston-Cambridge portfolio is The Center for Life Science Boston, a 700,000 square foot research center that is LEED Gold certified. The Company reduced energy consumption at this location by nearly 1,500,000 kWh annually through an extensive chiller plant optimization project, as well as by implementing cutting edge SmartStack Technology to reduce laboratory exhaust airflow. Other SmartStack upgrades have been leveraged across our portfolio, as well as new large-scale heat pump technology, exemplifying the Company’s ongoing commitment to state-of-the-art energy efficient upgrades. Another featured property is 301 Binney Street located in Cambridge, MA, in which BioMed Realty achieved an impressive 500,000 kWh in annual savings through chiller plant optimization. Congratulations to all of the 2024 Mass Save Climate Leaders! To view the entire list of honorees, visit: https://lnkd.in/gdmh5_di. #Sustainability #LifeSciences

On CoreGiving Day, October 10, more than 3,000 volunteers from BioMed Realty and 17 other Blackstone portfolio companies joined forces to make a powerful impact in the fight against hunger. Thank you to all BioMed Realty team members who participated in this national event! Our volunteers participated at sites across six cities, including: ·      San Diego, CA: Feeding San Diego ·      San Francisco, CA: SF-Marin Food Bank ·      Louisville, CO: Louisville Community Food Share (Boulder team) ·      Boston, MA: Rosie's Place ·      Cambridge, MA: Food For Free ·      Seattle, WA: Food Lifeline Together, our BioMed volunteers packed more than 11,000 pounds of produce, enough to help 2,750 families. In addition, the Boston-Cambridge team packaged 470 meals. Alongside the other Blackstone portfolio companies, we will continue working to eliminate food insecurity while creating a better, healthier tomorrow for children across the U.S. You can be part of the solution. A single dollar provides five meals—no donation is too small to make a difference. Visit https://lnkd.in/gkSStkpH to support the fight against childhood hunger. #CoreGivingDay #EndHungerTogether #CommunityImpact

Congratulations to the BioMed Realty UK team and the entire project team on the Portway Building redevelopment being shortlisted for recognition in the RICS National Awards 2024, Commercial Development category! The 97,000 square feet Portway Building occupies a prominent site at Granta Park in Cambridge, UK, and it features Bicycle Therapeutics and Altos Labs as tenants. The property is configured in three wings and it includes a reception lobby and winter garden. The full-building renovation included modernization of its lab and office space, and the improvements also enabled a reduction of its environmental footprint. The Portway Building now has a significantly improved EPC rating, having achieved a Wired Score of ‘Gold’ and a BREEAM rating of ‘Excellent.’ #CambridgeUK #LifeSciences

BioMed Realty’s Bill Kane, President, East Coast & UK Markets, recently interviewed with Steve Adams of Banker & Tradesman to discuss the Boston-Cambridge life science real estate market, recent milestones at the 585 Kendall development, and the highly-nuanced relocation of the Gas Transfer Station last year. In talking about the construction at 585 Kendall, Bill said: “We were talking about building a 600,000-square-foot lab building in an area where we have other facilities in close proximity. We like to build microclusters so tenants can ebb and flow, and that led to Takeda Pharmaceuticals leasing the whole building. We needed a certain footprint, and we controlled one parcel but we did not control the Eversource parcel. “Our local head of development, Salvatore Zinno, effectively ran the process and convened community stakeholders, and people knew he was true to his word. As of now, we’re finalizing the large concrete core of 585 Kendall, and it’s starting to reach the penthouse level of the lab building. This is my favorite part of the project. A second tower crane is going to be visible from all parts of Boston and Cambridge, and raising structural steel, so you get to see the physicality of the building on a weekly basis.” Several members of BioMed Realty's Boston-Cambridge team at 585 Kendall (left to right): - Salvatore Zinno, Senior Vice President, Development - Carlye Murphy, Senior Vice President, Assistant General Counsel - Isabel Acuna, Director, Development - Bill Kane, President, East Coast & UK Markets

BioMed Realty announced today that John Lee has joined the Company as Executive Vice President and Chief Operating Officer.   In this newly created role, John oversees the Company’s Investment and Asset Management functions, including sourcing and underwriting new growth opportunities, as well as evaluating and capitalizing on opportunities to add value to its existing portfolio. BioMed Realty currently operates 16 million square feet of assets and has 2.5 million square feet of in-process development across the six core life science markets in the United States and United Kingdom.   John said: “I am honored to join BioMed Realty during such a significant time in the Company’s history as it enters its third decade. With continued expansion of the life science industry backed by growing funding sources and long-term secular tailwinds of an aging population, now is an exciting time to become part of the experienced team as we advance its mission to provide critical infrastructure for our tenants.”   Read more: https://lnkd.in/grr68BvN

BioMed Realty announced today that Mark Bush has joined the Company as Senior Vice President, Operations, East Coast & UK Markets.   Mark will lead the operations and facilities functions across two core markets – Boston-Cambridge, MA, and Cambridge, UK. He will be based at the Company’s office in Cambridge, MA, while reporting to Colleen O'Connor, BioMed Realty’s Executive Vice President, Market Lead, East Coast & UK Markets.   Mark said: “I am thrilled to join this exceptionally talented team at BioMed Realty, a company that I have long admired. It’s an honor to work alongside them as they continue to support their current and future tenants, which include some of the world’s most innovative life science and technology companies.”   Read more: https://lnkd.in/gAikQ2BQ

Thanks José Gallegos-Vallejo for sharing, and cheers once again to all of our teams across our 6 core markets: Seattle, San Diego, San Francisco, Boulder, Boston/Cambridge, and Cambridge, UK! #BMR20 #DiscoverHere https://lnkd.in/g2Ps_-bt

This week, BioMed Realty continued its 20th Anniversary celebration with employee events across each of our core markets: San Diego, Boston/Cambridge, Seattle, San Francisco, Boulder, and Cambridge, UK.   The events were a perfect opportunity to celebrate our dedicated, talented people, who are at the heart of our Company’s success. Every day, they demonstrate their expertise in creating environments that foster innovation for the life science and technology industries. Together this week, we celebrated BioMed Realty’s past success while sharing in the excitement for our Company’s future!   At the San Diego event on Tuesday, BioMed Realty CEO Timothy Schoen also honored the employee with the most years of service – Stephen Willey – who will reach the 20-year mark next month. Since joining BioMed in October 2004, Steve has provided tremendous value to the Company’s financial health while growing into expanded roles in the area of accounting. He has served as Senior Vice President, Chief Accounting Officer since 2015. Congratulations Steve on reaching this impressive milestone!