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.
Kennesaw State's Center for Professional Selling Nears Completion
Kennesaw State University's Coles College of Business opened the Center for Professional Selling last fall after over two years of planning. Funded by $250,000 in corporate commitments, the Center is nearing completion and will include a conference room, state-of-the-art sales labs, and offices for student role-playing. Technologies will include training tools such as digital video cameras to capture practice sales pitches, which could be viewed by prospective employers on the Internet.
Genesys Relocates Headquarters To Daly City
Genesys Telecommunication Laboratories Inc. is relocating its 400-employee San Francisco headquarters to the Pacific Plaza in nearby Daly City. The nine-floor, 360,000-sf Pacific Plaza is nearing completion, developed by Summit Mack/Cali Associates. As an anchor tenant, Genesys will occupy 13,000 sf on four floors including the seventh, eighth, and ninth floors. Genesys is a maker of software connecting computers, databases, telephones, and the Internet.
Lockheed Martin To Consolidate At New Triangle Facility
Bethesda, Md.-based Lockheed Martin Corp. is considering a consolidation of its Research Triangle Park offices with a move to 85,000 sf of new office space in the Triangle. The search for new facilities was prompted by Lockheed Martin's acquisition in late 2001 of OAO Corp., which also has offices in the Triangle. Both firms provide the federal government with information technology solutions.