Life sciences could be the next cool growth sector in New York City—if startups can find the lab space

To understand the competition New York City is up against as it tries to attract and nurture the life sciences industry, just take a look at Wednesday's Boston Globe. The chronicle of Alexandria Real Estate Equities' rise as a dominant developer and landlord in the Kendall Square neighborhood has made the area "a national life-sciences center" and "among the hottest districts in the country."

Alexandria's founder and chief executive, Joel Marcus, is quoted as saying, "We're really seeing the next generation of biotech firms growing up and becoming big companies."

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