Industry News

Duquesne University broke ground in March of 2022 on the $60 million College of Osteopathic Medicine in Pittsburgh. Designed by The S/L/A/M Collaborative and WTW Architects, the six-story, 80,000-sf facility will offer experiential and immersive learning environments as well as areas for formal classroom instruction. A state-of-the-art simulation hospital will leverage advanced visualization technologies to train the next generation of physicians.

The University of Nevada, Las Vegas broke ground on the $75 million Advanced Engineering Building in February of 2022. Located on the Maryland campus, the three-story, 52,000-sf facility will enable the Howard R. Hughes College of Engineering to increase total enrollment from 3,000 to 5,000 students. The ground floor will provide undergraduates with numerous opportunities for experiential learning with a maker space, interactive classrooms, and a flexible auditorium and event venue.

Bristol Myers Squibb is partnering with Alexandria Real Estate Equities to create a 427,000-rsf R&D center in San Diego. Located in the Alexandria Point development, the leased facility will provide core labs for the creation of advanced biopharmaceutical therapies. Housing nearly 600 researchers and staff members, the collaborative building will consolidate employees from several regional campuses into a flexible working ecosystem for discovery and innovation.

Arizona State University completed construction in early 2022 on the $192 million Rob and Melani Walton Center for Planetary Health in Tempe. Designed by Architekton and Grimshaw, the 281,000-gsf facility provides leading-edge research labs for biological and life sciences, engineering, and sustainability, as well as offering dry labs for programs in computing, cybersecurity, and robotics.

Vermeulens has released its market outlook report for the fourth quarter of 2021. Key points include: