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Life sciences developer sells California Bay Area campus for $1 billion medical center

Investors faced with glut of empty lab and research space
Sacramento-based Sutter Health plans to build a $1 billion flagship medical campus in Emeryville on property that was supposed to house a massive life sciences facility. (Sutter Health)
Sacramento-based Sutter Health plans to build a $1 billion flagship medical campus in Emeryville on property that was supposed to house a massive life sciences facility. (Sutter Health)
CoStar News
February 25, 2025 | 12:33 AM

Last summer, life sciences development giant BioMed Realty unveiled the first phase of a massive, 1.3 million-square-foot life sciences campus that aimed to put the tiny bayfront enclave of Emeryville, California on another level as a science and technology hub.

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