Research Institutions Drive 31% of Alexandria’s Q3 Leasing After Court Blocks NIH Overhead Cap

Universities and nonprofit research institutes signed nearly a third of Alexandria Real Estate Equities' third-quarter leases after a federal appeals court struck down a 15 percent cap on NIH indirect-cost payments, a rebound with direct stakes for Mission Bay, where Gladstone Institutes and UCSF have been expanding even as Bay Area NIH funding dipped.