Says David Hayes, CEO and president of Skyline Construction, "Weanticipate that life science construction projects will increasesignificantly this year over last. We are well-positioned to be astrong player in this growing market both in the Bay Area andthroughout the country." In November 2009, the Cancer ResearchCenter of Hawaii, one of 60 National Cancer Institute facilitiesnationwide, selected Skyline Construction's Life Science andTechnology Division to develop and manage a project that willinclude the design and construction of a 150,000-square-foot,four-story LEED Gold certified building next to the John A. BurnsSchool of Medicine on the University of Hawaii at Mānoa'scampus.

With a budget of approximately $120 million, the CRCH will usethe facility to conduct research for cancer cures. The project isfunded by the State of Hawaii and is under University of Hawaiicontrol. Skyline will provide development and project managementalong with the Kobayashi Group, a Honolulu-based developer. Theproject s scheduled for completion by the end of 2012.

Life sciences projects are one segment of the office and medicaloffice sectors in which development and investment have beencontinuing throughout the recession, and many observers believethat the US government's focus on health care—along withdemographic trends that are pushing demand—will produce a long-termdemand for such facilities for the foreseeable future.