Market Highlights

• Foresite Capital raised $900.0 million for a venture fund targeting companies that are applying tools such as artificial intelligence to healthcare and life sciences.
• IQHQ has topped out Spur Phase One, a 330,000-square-foot (sf) life sciences building in South San Francisco. The eight-story development is expected to be completed by early 2025.
• Steelwave has published its Environmental Impact Report for 131 Terminal Court, marking a significant milestone for the project that aims to create 1.7 million square feet (msf) of R&D space west of Highway 101.

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