From the San Francisco Business Times:
Alexandria Real Estate Equities will delay starting construction on two buildings at its Mission Bay biotech campus, despite having tenants willing to lease at least 200,000 square feet, company Chairman and Chief Executive Officer Joel Marcus told analysts during an earnings call.
Marcus said Nov. 3 that Alexandria has “deferred two future build-to-suits for credit institutional tenants” in Mission Bay due to the seizure in the credit markets and economic downturn.
∙ Alexandria Real Estate postpones two bio buildings [San Francisco Business Times]
∙ A Few Renderings Of The Buildings Rising Up In South Mission Bay [SocketSite]
∙ An Overview Of Mission Bay [SocketSite]