Industry News

Santa Clara University has received a donation of $20 million, the largest in the school's history. A remodel of the university's library is allotted $15 million; the remainder will provide for scholarships.

A proposed office-classroom development at San Jose State University is being postponed due to an economic crunch. The $380 million, 5.5-acre project  would have included commercial office space and 250,000 sf of adjacent classrooms, laboratories, and staff offices. In an attempt to convert its valuable downtown land into superior staff and student facilities, SJSU would have leased on-campus office space to finance further construction. The university has hired Alameda, Calif., firm SRM Associates as a consultant for the project's future development.

Georgia Tech is planning a new $148 million multibuilding complex. The new Technology Square will house the Dupree College of Management, the University Bookstore, a 250-room hotel and conference center, a parking deck, and 20,000-sf of retail and restaurant space. The facility is still in the design phase and is slated for completion in August 2003. Construction costs for the Dupree College of Management building are estimated at $35 million.

Southern Catholic College has acquired 338 acres in Dawson County. The under-formation regional college will spend $34 million on the first phase of development that will include land purchase, an academic building, a gym, and a dormitory. An estimated total of $300 million will be invested in the campus over the next 20-25 years. Expected to open in fall of 2002, the school will eventually accommodate approximately 3,000 students.

Southwest Business Corp. plans to consolidate its services at a new 100,000-sf headquarters on a 3.7-acre site in North Central San Antonio. Groundbreaking for the $12- to $14-million building plus 4.5-story parking structure is planned for 2003, with occupancy anticipated in 2005. The company provides insurance and financial services.