There has been a shooting at the Haas School of Business at UC Berkeley, confirms Reuters.

A portion of the campus has been placed on lock down for the rest of the day, according to spokesman Dan Mogulof on Tuesday afternoon. The area of campus near Memorial Stadium is considered a crime scene.

The Daily Cal newspaper reports that 10 gunshots were fired around 2:15 p.m. inside the business school computer lab.

An individual in the Haas School of Business saw the suspect with a weapon in his bag and alerted a supervisor who called the UCPD.

The suspect was shot by a police officer after he pulled his weapon on the officers. The suspect was then taken to the hospital. No other victims have been reported.

His condition is unknown. However, he was alive after being shot. 

All classes are cancelled for the rest of the day and evening due to a shooting at the school. All students, faculty and staff are safe.  The suspect brandished a gun and was shot by a law enforcement officer and is in route to the hospital. We will send more details as we learn more, said an email sent out to the Haas community from Jay Stowsky, senior assistant dean of instruction at the school, at approximately 3:30 p.m. Tuesday, according to Daily Cal.

Reuters reports that a text message was sent to students saying, There was a shooting at the Haas Business School, the university told students in an emergency text message.

Police are on the scene and everything is under control. Please avoid the area, the text message said

U.C. Berkeley Police Lieutenant Alex Yao told reporters the shooting was an isolated incident and no one was in danger, according to Reuters.

Today at UC Berkeley was the Occupy Cal movement, though authorities are still unsure whether the shooting was related to this or not.

Thousands of students and teachers had gathered for the demonstration.

The Haas School of Business is located on the eastern edge of the UC Berkeley campus, however, and the demonstrations took place quite a distance away from this area.

UC Berkeley Chancellor Robert Birgeneau and UCPD Police Chief Mitch Celaya will hold a news conference at 4 p.m. to report on the incident and any new information, according to California Beat.

This story is breaking. More updates will be reported when available.