Tumult in the global economy is forcing commercial real estate companies of every stripe to reassess plans for an environment in which raising money is much more expensive.
For Philadelphia, in the early stages of what it hopes is a prolonged development boom for life sciences, that is complicating a crucial time for keeping its momentum going.
Several significant life sciences developments are under construction in Philadelphia, and a parade of big-name developers with deep experience in the life sciences meccas of the Boston, San Diego and San Francisco Bay Area markets have announced plans for what would represent the next wave.
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