Industry News

Cendant Mortgage is building a 175,000-sf office building in the Bishops Gate Business Center in Mount Laurel, N.J.  Developed by Liberty Property Trust of Malvern,N.J., the facility is Cendant's third building in Bishops Gate and will accommodate 1,200 mortgage processing employees. The relocation is part of Cendant's overall plan for expansion. The building is slated for completion in January.

The Wake Forest University School of Medicine is planning to expand its Piedmont Triad Research Park by 180 acres. The expansion would increase the four-building, 600-worker park to ten times its current size.

Scios Inc. is relocating to 200,000 sf in Fremont's Ardenwood Corporate Center from Sunnyvale, Calif. The move will begin in January 2003 and reach completion in September. The biotech's new two-building facility will house business operations, research, medical affairs, and, potentially, manufacturing. Scios, a developer of drugs for heart disease and inflammatory diseases, currently employs 450.

Stanford University's Clark Center for Biomedical Engineering and Science, currently under construction, is slated for completion in summer of 2003. The multi-disciplinary 225,000-sf facility will bring researchers from a variety of different fields together. There are no walls inside the building. Work spaces are adjustable, with wheeled benches, shared fume hoods, and electrical outlets and ventilation ducts available every ten feet.

Westmont   College of Santa Barbara is seeking San Francisco Planning Commission approval to create a college dormitory in San Francisco’s 6,300-sf Victorian Inn on the Park. The 18-room former inn would be converted to a 30-bed dorm for Westmont’s urban studies program.