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Kristin Hammond

Senior Vice President at CBRE

Kristin Hammond is a Senior Vice President at CBRE, based in Portland, Oregon.12 She has over 20 years of experience working with leading firms in various industries, including technology, life sciences/healthcare, education, utilities, financial services, food/beverage manufacturing, and supply chain logistics.1 Kristin specializes in commercial real estate and is known for her professionalism and ability to translate complex real estate terminology.2 Her LinkedIn profile can be found under the username kristinhammond.2

Professional Experience

Kristin's expertise in commercial real estate is well-regarded, and she is described as "a joy to work with".2 Her role at CBRE involves working with clients across diverse sectors, leveraging her extensive experience to provide valuable insights and services in the real estate industry.1

Skills and Expertise

  • Commercial real estate
  • Client relations
  • Industry knowledge across multiple sectors
  • Translating complex real estate concepts

Kristin Hammond's position as a Senior Vice President at a major company like CBRE, combined with her extensive experience and positive professional reputation, indicates that she is a respected figure in the commercial real estate industry.123

Highlights

Nov 14 · linkedin

Congratulations Absci!

Absci inks deal worth potentially $650M with drug maker Almirall Portland Business Journal, November 14, 2023 Elizabeth Hayes - Staff Reporter

Absci Corp. (Nasdaq: ABSI) announced Tuesday it has entered into a partnership worth up to $650 million with a Spanish pharmaceutical company, Almirall S.A. (BME: ALM).

Absci, a Vancouver-based AI drug creation company, said the drug-discovery collaboration is aimed at developing and commercializing AI-designed therapies to fight “chronic and debilitating dermatological diseases.” The news follows Absci's announcement earlier this year that it used "zero-shot generative AI" to create new antibodies on the computer.

In addition to product royalties, Absci is eligible to receive $650 million in upfront fees, R&D and post-approval milestone payments from Almirall across the two planned drug programs if it successfully hits all milestones through clinical development and approval.

It's the biggest deal to date for Absci, which in 2022 entered into an agreement with Merck (NYSE: MRK) for $610 million for three drug targets.

"It definitely is a major milestone for us, and I'm really excited to see the technology we came out with earlier this year already helping us land substantial partnerships," said Absci CEO Sean McClain. "This is the first of many we'll see.

Absci’s integrated drug creation platform increases the speed and efficiency of the drug discovery process. Its platform uses AI to identify novel drug targets, creates bio-therapeutic candidates and generates cell lines to manufacture them.

Nov 6 · linkedin

I've been asked about this topic frequently, this full article on WSJ today - https://lnkd.in/gFngwdNv covers it pretty extensively.

A few key points from the article:

  1. Slowing rent growth might make apartment conversions less attractive to investors, if the trend persists into next year.

  2. Construction loans are also far more expensive than they were 18 months ago and many banks now shy away from development lending. A number of conversion efforts are on hold because of higher interest rates.

  3. Although more cities are trying to speed up the process, getting permits can take years. Long approval times are particularly brutal when combined with higher interest rates because developers often have to make debt payments while they wait for the green light.

  4. Environmental issues, such as asbestos abatement or removing lead paint, also run up costs in older buildings. Moving construction materials through densely built downtowns and in and out of narrow doorways poses other costly hazards.

  5. The conversion of 10% of the existing strip retail in the U.S. into low and medium-density housing could yield more than 700,000 units, Enterprise recently published in a report.

Related Questions

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Kristin Hammond
Kristin Hammond, photo 1
Kristin Hammond, photo 2
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Location

Portland, Oregon, United States