Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
VaxGen Partners with Celltrion for Korean Manufacturing Plant
VaxGen, developer of an AIDS vaccine soon to exit phase 3 trials, will be acquiring a manufacturing plant in South Korea through a partnership with Celltrion, a South Korean venture partnership. Based in Brisbane, Calif., VaxGen will trade knowledge of human protein manufacturing for use of a manufacturing facility in Inchon, Celltrion's hometown. VaxGen will hold a 44% stake in the partnership. Celltrion aims to produce other biotech products at the facility in addition to VaxGen's vaccine.
Alameda Center for Environmental Technologies Plans Expansion
The Alameda Center for Environmental Technologies (ACET) is seeking U.S. Department of Commerce approval and funding for a $6-million expansion of its facilities at the former Alameda Naval Air Station. The independent incubator was founded in the early 1990's by CSU-Hayward and the U.S. Department of Commerce and currently provides below-market rents for 15,000 sf of chemistry labs and meeting facilities. ACET plans to expand its lab space from 8,800 sf to over 30,000 sf, quadrupling its lab facilities over the next two years.
Rex Hospital Remodel Under Way
Rex Hospital of Raleigh has initiated a $20-million remodeling and construction project that will add two new outpatient operating rooms, a new admission and registration entryway, and a new four-level parking deck providing an additional 410 spaces for visitors. The project is slated for completion in two years.
Silver Spring Incubator Planned in Montgomery County
Plans for the Silver Spring Innovation Center business incubator are being developed by Montgomery County and developer JBG Cos. Housing up to 15 young bioinformatics and information technology companies, the 12,000-sf facility is slated to open in 2003. The incubator is part of a larger mixed-use residential and commercial development including approximately 100,000 sf on the 3-acre site, possibly as a multi-floor facility.
New EI Headquarters in Cary
EI Inc., formerly Environmental Investigations, is relocating its Durham, N.C., headquarters to a new office facility under construction in Cary. The environmental and safety consulting firm will occupy half of the Devon Building's 2600 sf. Designed by Michael Hining Architects and built by general contractor Resolute Building Inc., the structure is developed by EI in partnership with Durham-based real estate developer Zapolski+Rudd. EI's Training and Compliance Center will be housed in the facility's large conference room accommodating up to 30 students.