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Lab spaces were the hottest commercial real estate bet. Now, landlords are facing headwinds from DC and Silicon Valley.
Business Insiderยท 2025-10-27 14:03
Developer IQHQ made one of the hot real estate bets of the pandemic era when it acquired the triangular-shaped office building in Redwood City, California, for $164 million in late 2021. The San Diego-based landlord planned to raze the property at 10 Twin Dolphin Drive and erect a trio of lab buildings on the 15-acre site catering to the life sciences sector. At the time, the industry was booming as it played a leading role in combating COVID.IQHQ has put the property up for sale this month, the firm confi ...