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US Credit Market Seizure Forces Two Large
REITs to Halt Construction of New Projects

[November 3, 2008]

By Alex Philippidis

Top executives at Alexandria Real Estate Equities and BioMed Realty Trust last week said they had elected not to build several projects in their development pipelines “until there is a confirmed proof that liquidity has returned to the marketplace,” a timeline they projected would reach well into next year.

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