High-IQ Investment: IQHQ’s Tracy Murphy on Life Science Real Estate

IQHQ President & Co-Founder Tracy Murphy (photo courtesy of IQHQ)

Tracy Murphy has contributed significantly to the rapid growth of one of commercial real estate’s most dynamic specialties.  As the co-founder & president of IQHQ observes, “I was practicing life science real estate before it was cool.”

Murphy brings her experience as a pioneering executive at BioMed Realty and Kilroy Realty to her leadership role at the San Diego-based life science developer and investor. 

In this conversation, Murphy offers perspective on the complex factors that are shaping this category. How is venture capital shaping up for life science end users these days? Will demand for new product continue at the current pace? Which markets offer the most attractive opportunities for investment?

RaDD, IQHQ’s life science development on the San Diego waterfront. Rendering courtesy of IQHQ

Along the way, the executive also offers compelling insights into her journey to the top of one of commercial real estate’s youngest, most vibrant asset categories. 

Highlights of the conversation:

• Key trends driving life science and development (2:52)
• RaDD, a landmark San Diego redevelopment where “lifestyle meets life science” (5:06)
• The path to leadership roles at three major investor-developers (7:09)
• Challenges—and progress—in expanding women’s presence in life science real estate (11:35)
• Where to find the sector’s most powerful hubs and rising stars (16:36)
• Is overbuilding a worry? (19:07)

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