ARE · News · 20260808N
Litigation and Legal Risk
ALEXANDRIA REAL ESTATE EQUITIES, INC. · 2026-08-08 · Importance 71 · Surprise 60 · In source text
Alexandria faces a dispute with New York City over the third building at its Alexandria Center for Life Science campus in Kips Bay. The litigation could expose the company to a loss of approximately $183 million in preconstruction costs. New York City alleges that Alexandria missed a construction deadline and seeks to terminate the ground lease, while Alexandria alleges that the city delayed the project.
Key facts
- Kahn Swick & Foti, LLC set a deadline for potential lead plaintiffs to January 26, 2026, in a securities class action alleging undisclosed material information. source
- The securities class action alleges failures to disclose material information between January 27, 2025 and October 27, 2025, tied to Q3 2025 results and a substantial real estate impairment charge. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | contingent | — | Kahn Swick & Foti, LLC set a deadline for potential lead plaintiffs to January 26, 2026, in a securities class action alleging undisclosed… |