I think the way we're trying to think about it is to -- I mean, we have a very significant position in the Greater Boston market, 14 million, 15 million square feet. Its easier than one thinks. I think that's the area that everybody is really focused on, and we have very limited exposure there. We actually have a number of choices still in the market. Importantly, within approximately 72 hours from the start of the bank run, companies had access to all deposits and the near-term risks such as making payroll were mitigated. Well, it's all reflected in our guidance. He also sued his father and Alexandria in New York state court, alleging that Alexandria owes him more than $12 million for devising a new financing strategy for the company in 2013. And do we want in the portfolio or not. If you look at us today, we'd say, well, let's think carefully about site work given cost of capital considerations with the macro environment today, and let's just hold on that until the right time. [7], Its first purchase was of 4 buildings in San Diego which had been negotiated and structured by Kendell R. So -- what you're really focused on though in your question is a spend outside of that, which goes to quite a bit of activity, site work, advancing site work as well as entitlements. Read More E. Rene Salas, CPA PASADENA, Calif., Sept. 10, 2021 /PRNewswire/ --Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first, longest-tenured and pioneering owner, operator and developeruniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, today announced that its executive chairman and founder, Joel S. Marcus, was honored last evening for Distinction in Civic Engagement and Renewal by the National September 11 Memorial & Museum during its Benefit Broadcast commemorating 20 years since 9/11. As for long-term risk driven by instability of regional banks, unlike some tech companies that maintain significant cash and deposit accounts, our tenants largely rely on safer third-party custodial and sweep accounts to minimize cash deposits. But as Hallie mentioned, BCs are more discriminate disciplined in demanding of future investments and companies with tenured management teams, strong differentiated technologies and near-term value inflection milestones are the ones that will rise above the fray. Lionel Messi talks through the most iconic moments of his illustrious career, with journalists, teammates and opponents offering insight and analysis into the goals and games that will define his legacy. The availability and price of commodities such as steel, copper, aluminum and concrete, continue to fluctuate due to shortages of raw materials, low yields for mines, high demand from electrification or low capability utilization rates in the mills and fabrication shops due to labor shortages. The second is STEM education without the next generation of scientists and computer programmers and engineers, were at a loss to imagine where our innovation industries will go. We just don't want you to double count the square footage as you go towards the future pipeline. But from an NOI perspective, if that's your fundamental question, the future pipeline doesn't have any significant NOI being generated at the moment. I think the big takeaway though is, look, you know that we do a really good job at selecting really high-quality locations in the core of the Life Science Cluster markets. An Interview with Joel S. Marcus, Pasadena, California-based Alexandria is the only publicly traded, pure-play office/laboratory REIT. Yeah. We all make deals, but we also make the coffee, so nothing is too small to deal with. The company also continues to leverage its leadership, knowledge, expertise and resources to develop and implement long-term, scalable solutions to the most pressing societal issues. Please go ahead. But as Winston Churchill once said, "Never let a good crisis go to waste." So that group of tenants, you're always looking now even much more so for much nearer-term value inflection milestones and really good data and importantly, large unmet medical needs. To end, I want to reiterate that we are acutely aware of the years of abundance and easy capital that have passed and that the separation of haves and have-nots will continue to widen as the industry drills down on the technologies and medicines that bring the most value to patients and investors. While the outlook for Alexandria certainly looks solid, one thing that people are watching is the health and liquidity of the underlying biotech industry, Rodgers notes. So that ties to the $610 million for others of incremental net operating income. So, I'm just trying to understand if in some of these future opportunities buckets, if there's some operating assets in those? My sense is half of that is, is retail tenants that maybe are leaving for an asset. And this activity in return is an important long-term funding mechanism for these institutions. As Peter highlighted, we've advanced transactions aggregating $865 million. So, I think that's one example, yes. I just wanted to follow-up on some of those supply comments, particularly the San Francisco supply. The cluster model has worked well for life science companies because they innovate together and theyre purpose-driven around therapies there are 10,000 diseases that have been identified and only 500 therapies to date, so were in the early innings. Joel S. Marcus Executive Chairman and Founder at Alexandria Real Estate Equities Well, and also, historically, if you go back to my comments, I said we have tried to shape the Company and allocate our capital as much as possible the high barrier to entry markets and mega campuses. I'm curious as to what you've committed to in terms of development spending. If you want to look at it from that perspective, redevelopments were placed into operations as vacant assets, development projects for the future for -- they have been paused on a few circumstances, which basically were left in the future development pipeline. As we have noted previously, demand has normalized from the record year of 2021. We participate in corporate giving and were quite philanthropic in that respect, but we have a lot of programs that allow team members to get involved: matching gifts; a volunteer rewards program that rewards those who volunteer on their own time; quarterly engagement opportunities so every office has a volunteer opportunity each quarter at a local charity; and, of course, volunteer time off in the form of two paid days a year for folks to volunteer at a charity of their choice. He was named one of Real Estate Forums 2017 Best Bosses in commercial real estate and was previously a recipient of the EY Entrepreneur Of The Year Award (Los Angeles Real Estate). Alexandria Real Estate Equities, Inc. Executive Chairman and Founder Joel Marcus Appointed to Emily Krzyzewski Center Board Alexandria extends its In 1996, Mr. Marcus founded the companys venture capital arm, Alexandria Venture Investments, to provide strategic investment capital to innovative life science and technology entities developing breakthrough therapies and technologies. But US District Court Judge Lucy H. Koh, of Californias Northern District, ruled her court has no jurisdiction because Steven Marcuss companies operate strictly in Europe and Steven lives in London. That's helpful. Get daily stock ideas from top-performing Wall Street analysts. I think Hallie indicated, we have a pretty methodical deep and judicious approach that has always been there. If you go back to my comments in the fourth quarter, I believe I gave similar comments of pre-leasing on space that had just rolled as well. "I was in New York City on September 11, 2001, the day that profoundly changed the course of our nation, when we lost thousands of people to the hands of terroristsbut as the words of Virgil prominently displayed at the Museum implore us, 'No day shall erase you from the memory of time.' A lot of people have left these companies and are now starting companies. Those are all 100% pre-leased projects.
