Industry News

The Fuqua School of Business at Duke University is in the process of raising $80 million for capital projects. A gift of $500,000 has been contributed by Cisco Systems to create Fuqua's Center for Innovation and Educational Technologies.

Medline Industries, a Mundelein, Ill.-based medical equipment manufacturer and distributor, is negotiating to move into the 323,000-sf Center Point 1 warehouse in Research Triangle Park. Built in 2000 by Panattoni Development, the empty building would increase the company's local operations by over five-fold. Medline currently occupies 60,000 sf in Durham's Research Tri Center office park.

Illinois Wesleyan University (IWU) in Bloomington has recently completed the 103,000-sf Ames Library designed by Shepley Bulfinch Richardson and Abbott (SBRA). Felmley-Dickerson Co. of Bloomington was the contractor for the five-story library, which provides a centerpiece for social and academic interaction, collaborative study and reflection. The library also establishes a new focal point for the campus.

The University of Chicago has awarded the Chicago office of Turner Construction Company the contract to build a new $125-million campus for the Graduate School of Business. Turner is the construction manager at risk for the project, which is scheduled for completion in August 2004. The architect is Rafael Vinoly Architects of New York, N.Y., and the development manager is Mesirow Stein Real Estate of Chicago.

The State University at Albany's Center of Excellence in Nanoelectronics will expand with a massive $400-million research and development center. Created by an international consortium of computer chip manufacturers, the site will employ 250 researchers engaged in 300-millimeter chip development. The state of New York will contribute $210-million for construction, equipment, and specialized tools.