Real Estate/Placemaking

RECOGNIZING THE POTENTIAL FOR BIOSCIENCE IN EAST LOS ANGELES

Urban Land magazine - from the Urban Land Institute - features LABH and HATCH in an article about the realities and opportunities of real estate development in the LA Bioscience Corridor.

The article highlights the importance of ready-to-use lab spaces and necessary stakeholder engagement in order to cultivate bioscience innovation. The Corridor is home to some of the last remaining parcels of industrial land in Los Angeles. Throughout the region, industrial land is being rezoned and converted into residential uses, but this area in East Los Angeles is prime for welcoming the next wave of manufacturing and production. 

One such space is HATCH - from real estate investment partners Agora and ASG - which is currently under construction and features the adaptive reuse of an 20,000 sq. ft. abandoned furniture factory and warehouse in the Corridor. HATCH will provide flexible, multi-tenant lab and office space for life science companies. 

Read the full Urban Land article here. Urbanize.LA also picked up this story in a recent article.

Renderings of HATCH show flexible and dynamic working space for emerging bioscience companies that have outgrown their incubators and ready to move into dedicated lab and office space in East Los Angeles. (BAM Architecture)

Renderings of HATCH show flexible and dynamic working space for emerging bioscience companies that have outgrown their incubators and ready to move into dedicated lab and office space in East Los Angeles. (BAM Architecture)

HATCH - New multi-tenant lab and office space coming to LA Bioscience Corridor

There's a new space opening soon for LA's growing bioscience companies! The multi-tenant facility for life science companies is in the LA Bioscience Corridor, conveniently located across from Holy Gounds Coffee & Tea, and the nearby USC Health Sciences Campus, LAC+USC Medical Center, Downtown Los Angeles area, and Pasadena/Glendale/Monrovia areas.

Click here to learn more.

If your or your friend's company is outgrowing its current space, HATCH could be its next home. For inquiries about space availability, please contact Allan S. Glass at (213) 973-8637 or asg@allanglass.com

Follow HATCH on Twitter: @HATCHspaces

Register for March 29 | ULI Panel on How-To Build for the Bioscience Industry

Register today for:
Case Study & Site Tour: LA Bioscience Corridor & La Kretz Innovation Campus
Tuesday, March 29 | 5:30pm - 8:30pm

The City and County’s interest and investment in the region’s emerging bioscience sector continues to progress, and one of the prime areas for this growth is the LA Bioscience Corridor, along Valley Boulevard, near the LAC+USC Medical Center. The LA Bioscience Corridor is one of the last remaining cores of industrial land in LA -- now is the time to leverage public sector momentum and help create a home for the region's growing bioscience industry.

Join LA Bioscience Hub and Urban Land Institute (ULI) Los Angeles for next week's Case Study & Site Tour event, featuring an expert panel on the ins-and-outs of building a bioscience facilities. Our cross-sector panel will provide insights into the various aspects of a bioscience project including architecture, creative financing, engineering, and construction.

Panelists:
Cecilia V. Estolano, Co-CEO Estolano LeSar Perez Advisors / Executive Director, LA Bioscience Hub (Moderator)
Alison Paige, Principal, Capital A Consulting
Brian Spence, AIA, LEED AP, Principal, BAM Architecture
Don Crotty, Sr. Vice President, National Director – Life Sciences Center of Excellence, Skanska USA
Llewellyn Cox, CEO, Lab Launch Inc.
Patrick Bucklen, PE, CPD, Principal, Senior VP West Coast Operations, IPS

Following the panel, guests will be able to tour the La Kretz Innovation Campus, the new home of the LA Cleantech Incubator.

LEARN MORE AND REGISTER HERE

LABH Board tours new La Kretz Innovation Campus

LA Bioscience Hub’s Board of Directors toured the recently opened La Kretz Innovation Campus. The new campus is home to the LA Cleantech Incubator (LACI), and also offers office and co-working space for growing, innovative cleantech organizations and companies.

What’s really exciting for the LA Bioscience Hub is that the La Kretz Innovation Campus has a 576-SF Wet Lab! The space includes access to specialized support equipment and supplies for bioscience companies. If you’re looking for lab space today, we recommend checking out the La Kretz Innovation Campus – it’s not too far from the LA Bioscience Corridor.

Our 2015 Real Estate Tour was a hit

On Wednesday, October 14, LA Bioscience Hub brought together 30 real estate and bioscience professionals for our 2015 real estate tour of the LA Bioscience Corridor. The morning started off on the beautiful Grifols patio overlooking East LA. LABH Treasurer and Jones Lang LaSalle Vice President, Ben Stapleton, co-led the tour with us. The tour showcased five available properties in the LA Bioscience Corridor that are well-positioned for conversion into flex lab space, device manufacturing, and more. In addition, the tour stopped at the site of Cal State LA BioSpace, a bioscience incubator projected to break ground in 2017. On the Cal State LA campus, the tour heard about the future incubator from Dr. Howard Xu, Director of Programs and Innovation and the LABH Secretary.

The tour was a great success in facilitating connections and drawing more attention to the LA Bioscience Corridor as a place of opportunity and potential.

October 14 - LA Bioscience Corridor: Real Estate Tour

Join the LA Bioscience Hub for a tour of LA Bioscience Corridor. Our tour will feature prime, available industrial properties that are well situated to accommodate Los Angeles' growing bioscience industry.

Date: Wednesday, October 14, 2015

Time: 8:30 am - 10:00 am

Location: Grifols (2410 Lillyvale Ave., Los Angeles, CA 90032)

RSVP HERE

Tour participants will learn about new projects in the pipeline within the LA Bioscience Corridor, the area's evolving real estate market, and the various anchor institutions committed to the Corridor's success. On the tour, highlights include:

  • For-sale/lease industrial properties
  • Grifols (a multinational pharmaceutical company)
  • Cal State LA (including the site for LA BioSpace – the LA County/Cal State LA Bioscience Incubator)
  • LAC+USC Medical Center
  • USC Health Sciences Campus

Group transportation through the LA Bioscience Corridor will be provided.

U.S. Assistant Secretary of Commerce for Economic Development Visits LA Bioscience Corridor

On July 8, U.S. Assistant Secretary of Commerce for Economic Development, Jay Williams, and LA County Supervisor Hilda Solis visited the LA Bioscience Corridor and toured anchor institutions - Cal State LA and USC Health Sciences Campus. Cal State LA President, William A. Covino and LA Bioscience Hub Secretary and Associate Professor in Biology at Cal State LA, Howard Xu, gave a tour of the campus’ successful STEM programs and shared plans for the future BioSpaceLA, the future LA County-Cal State LA bioscience incubator.

Assistant Secretary Williams’ visit wrapped up with a roundtable discussion that brought together academic, industry, and public leaders to talk with Williams about the potential and opportunities in the LA Bioscience Corridor to create a thriving bioscience ecosystem with a strong pipeline to bioscience careers.

Supervisor Solis is one of several local leaders that supports the creation of a bioscience cluster in East LA, and retaining the region's life sciences talent and jobs. The video below recaps the Los Angeles Biotech Summit from February 2015, which featured public officials and industry leaders expressing excitement for the industry and the Corridor.