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Page 12 — Health Care, Senior & Life Sciences Quarterly — April 2025 www.crej.com n Startups and giants: A tale of two real estate strategies. Not all biotech and life science companies have the same needs when it comes to lab space. Established companies often seek purpose-built labs tailored to specialized research requirements, long-term leases with integrated office-lab layouts for efficiency and the ability to expand large-scale manufacturing facilities. However, in markets like Boulder, buzzing with early stage startups, the playbook for real estate looks very different. Startups crave flexibil- ity – modular spaces that grow with them, not against them. With limited budgets, startups look for ways to hit the ground running without sinking money into costly renovations. They also need spaces that allow for fast growth while reducing the expen- ditures that come from modifying traditional office space into lab space that adheres to more specific require- ments and regulations. Emerging biopharma companies, which now account for two-thirds of the R&D pipeline, often need “move-in ready” lab space. Our firm recognized this early, and in April 2022, BioMed Realty acquired 1 million square feet across 23 build- ings within Flatiron Park, with the goal of providing best-in-class work- spaces for the talent-rich community of Boulder. This acquisition marked the largest real estate transaction in Colorado history, and we have deliv- ered on its commitment to expand- ing the innovation capacity of its tenants. n Building smarter and redefining spaces for startups. As Boulder steps into the biotech spotlight, one unique challenge looms: educating tenants and brokers on the true value of spe- cialized lab spaces compared to tradi- tional office setups. To address the needs of Boulder’s life science startup ecosystem, we have adopted a spec suite strategy called “Velocity Labs.” Velocity Labs enables tenants to have a greater impact from day one by increasing their speed to market and simulta- neously reducing expenditures. It also creates shared campuses, where companies can innovate together, sparking collaboration at every cor- ner. A one-size-fits-all approach limits the potential of life science facili- ties. Life science real estate providers such as BioMed Realty, with its spec suite strategy, can support the growth of biotech companies by ensur- ing that development methods are evolving alongside the life science industry. Unlike more traditional life science markets, Boulder is home to a growing number of emerging life science companies that are looking for spaces with shared amenities that encourage collaboration and innovation. By focusing on tenant needs and pioneering strategies like Velocity Labs, we are transforming Boulder’s life science scene – enabling compa- nies to innovate smarter, faster and together. Through market research and conversations with tenants, life science real estate providers can ensure that tenants of all sizes have lab and research space that allows them to advance their mission-criti- cal work. s mike.ruhl@biomedrealty.com Ruhl Continued from Page 1 for buildings between 5,000 and 24,999 sf. While the state law and Denver’s policy share similar objectives, they operate independently. The Energize Denver policy serves as an example of how municipalities can implement their own building performance stan- dards to complement state initia- tives. The Energy Performance for Build- ings statute and Energize Denver are specific to Colorado. NOTE: Hall Render articles are intended for informational purposes only. For ethi- cal reasons, Hall Render attorneys cannot – outside of an attorney-client relation- ship – answer specific questions that would be legal advice . s LPark@hallrender.com SFaulkner@hallrender.com Park Continued from Page 3 Delivering industry best construction solutions to our clients’ most crucial business objectives. SERVICES Sun offers multiple project delivery methods, including design/build, design assist, design/bid/build. EXPERTISE ADAPTABILITY CREATIVITY sunconstruction.com 303.444.4780 1232 Boston Ave., Longmont, CO 80501 mountain Health’s Heart and Vas- cular Institute as well as its Cancer Center, Children’s Medical Center, and Peak ENT and Voice Center, among others. The only remaining spaces available include 8,000 sf of ground-floor medical/retail space and 10,000 sf of premium fifth-floor medical suites. The success of St. Joseph Medical Pavilion is a testa- ment to the value of new Class A medical outpatient buildings in downtown Denver. Some of the best opportunities happen when the dominant opin- ion is skeptical or even negative, but the data offers a more positive view. Could downtown Denver be a land of new opportunities for medi- cal outpatient buildings? Time will tell if we’ve made it to an inflection point. s daniel.burke@cbre.com Stephani.Gaskins@cbre.com anna.heiserman@cbre.com Sources: Kozlowski, O., Zelener, N., & Sul- livan, J. (2025, Feb. 3). Denver Out- patient Medical Building Figures H2 2024. CBRE. https://mktgdocs.cbre. com/2299/43647434-def2-41b8-b64a- d6128edcf269-1239684011/Denver_Out- patient_Medical_Buil.pdf Lajeunesse, A. (2025, February). High Frequency Economic Update - February 2025. Downtown Denver Partnership. https://www.downtowndenver.com/ wp-content/uploads/HF_Update_Febru- ary-2025_.pdf Moyski, B., Iltis, A., & Wiebenson, S. (2024) State of Downtown Denver 2023. Downtown Denver Partnership. https:// www.downtowndenver.com/wp-content/ uploads/2023-State-of-Downtown- Denver.pdf Progressive Urban Management Asso- ciates, & MJB Consulting. (2024, Janu- ary). Downtown Denver Groundfloor Activation Strategy - Phase I. Downtown Denver Partnership. https://www.down - towndenver.com/wp-content/uploads/ PUMA-Final-Groundfloor-Strategy- Phase-I-COMBINED.pdf Burke Continued from Page 4