In about 16 months, new commercial and high-rise buildings will require photovoltaic panels and storage batteries.

The company joins with Cain International to transform a 17.5-acre site adjacent to the Beverly Hilton and Waldorf Astoria Beverly Hills into a three-building condo and hotel complex.

The buildings' large, flexible floorplates, floor-to-ceiling windows and energy-efficient mechanical systems will allow BioMed to convert them to life science uses.