Biotech REIT Blinks Back: Nearly $700 Million in Capital Construction Investment is Halted

SUGAR LAND--December 2, 2008--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Real estate investment trusts (REITs) have become increasingly attractive to the life science industry for the financial flexibility they can provide. Funds can be invested into increased research and other needs, rather than the "bricks and mortar" end of business. At the top of the REIT list, in both the public and private sector, is Alexandria Real Estate Equities (NYSE:ARE) (Pasadena, California).