Levi & Korsinsky LLP
01/19/2026 | Press release | Distributed by Public on 01/19/2026 08:08
ARE Faces Shareholder Lawsuit Over LIC Leasing Statements
Alexandria told investors the life-science market was strong. Occupancy was solid. Leasing spreads were healthy. And its Long Island City campus was supposed to be a growth engine.
But the truth was very different.
By late October 2025, executives revealed that the LIC submarket suffered a setback and never recovered after Amazon abandoned its planned HQ in 2019. The property wasn't a life-science hub at all. On October 28, 2025, the Company revealed a devastating impairment charge of about $320 million, with more than $200 million tied to that single LIC asset.
Guidance for 2025 was cut. Occupancy was lower than they had claimed. Leasing had slowed.
Investors were blindsided. The stock plunged about 19% in one day. Now, more investors are joining the lawsuit.
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