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Nanotechnology to Couple With CRE in Five Years

SAN ANTONIO-Dr. Miguel Jose Yacaman, a renowned expert, says the city is destined to be a nanotechnology hub. When lab work ends and production starts, CRE kicks in.

By Connie Gore | Updated on March 28, 2008

SAN ANTONIO-In another five years, nanotechnology will be a building block for commercial real estate as scientific research moves from the laboratories into production. The evolution has been slower than once anticipated, but in scientific circles the need for bricks and mortar is right around the corner.

“The science is taking some time to get into the market,” says Dr. Miguel Jose Yacaman, the new physics and astronomy chair for the University of Texas at San Antonio. He explains it took nearly two decades for the transistor to make its way into full-fledged production and nanotechnology is following a similar development path. But, he tells GlobeSt.com that when it arrives it will provide American jobs that can’t easily be outsourced and new types of highly specialized commercial space in campus-style clusters.

The world-renowned nanotechnology authority believes San Antonio is destined to be a world leader for the industry’s practical applications and production because it’s virgin territory for the industry unlike Texas’ other metros which have heavy investments in fields like semi-conductors and communications. “Sometimes emerging places have more of a chance to be flexible,” Yacaman points out. “San Antonio is one of the places with the most chance to succeed in this.” He says there are now 50 companies, mostly startups and mostly dedicated to cancer research incubating in the city.

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