By David Gross
Many of us have been waiting for lease rates in LA to start catching up to San Diego and The Bay Area. While not a lease transaction, Cantor Fitzgerald recently paid an impressively high $92 million for 180,000 square feet in the Southern California Innovation Park. The building they acquired, at 25155 Rye Canyon Loop in Valencia, is fully leased to Boston Scientific.
For more discussion about LA's biotech market and regional lab space, don't forget to join me and developer Ben Pouladian next Tuesday at 5pm on ClubHouse.