Giant biotech site put on the block

Six months after entitling an 82-acre waterfront commercial campus on Oyster Point in South San Francisco, owners Shorenstein Properties and SKS Development are quietly putting the huge property on the market.
The partnership has retained both Eastdil Secured and Cassidy Turley, pursuing a dual strategy of seeking a buyer while also reaching out to potential tenants. The property, which is likely to hit the market next week, is entitled for 2.25 million square feet and 20 acres of parkland.

Alexandria buys Shorenstein/SKS life sciences complex in Mission Bay for $290M

Six months after selling most of its land in Mission Bay to Salesforce.com Inc., Alexandria Real Estate Equities wants to jump back into the neighborhood with the $290 million purchase of 409-499 Illinois St.
Alexandria is in contract to buy the 450,000-square-foot, two-building life science complex that Shorenstein Properties and SKS Investments completed in 2008.
The complex is anchored by FibroGen Inc., which leases 239,000 square feet. The transaction has gone non-refundable, but has not closed yet.
Both Shorenstein and Alexandria declined to comment.