Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Doyle Collection, celebrating half a century in business, will spend $228 million to upgrade its properties. It has hotels in major cities, including London, Dublin and Washington, D.C. Read the Travel Weekly story here
Pennsylvania’s King of Prussia Mall will add 50 new retailers, half of them luxury brands, when it unveils a 155,000-square-foot expansion in August. The list of new tenants includes Bottega Veneta, Rag & Bone and Calligaris. Read The Philadelphia Inquirer story here
Toys R Us is opening its first outlet store in Washington state at The Seattle Premium Outlets in Tulalip. Read The Seattle Times story here
Gzella Collection hotels Fortuna Hotel, Ikona and Mirra are making their mark on the Fort Lauderdale, Fla., market. Read the Sun-Sentinel story here
Construction workers are making solid progress on The Virginian Hotel in Lynchburg, Va., a 115-room property. Read the WSET-TV story here
Dick’s Sporting Goods’ $15 million offer was the winning bid for Sports Authority’s intellectual property in a bankruptcy court auction this week. The deal includes the branded e-commerce site, customer lists and a 28.5 million-member loyalty program. Dick’s will also pay $8 million in a
Overland Park, Kan., franchisee NPC International will pay $36.6 million for 39 Wendy’s restaurants in North Carolina. NPC, the world’s biggest Pizza Hut franchisee with 1,233 restaurants, has been acquiring Wendy’s units since July 2013 and now operates 144 of those restaurants. Read The Kansas
Sandals Resorts International wants to build a resort in Tobago and is discussing prospects with the government. The all-inclusive resort reportedly would have 750 guest rooms. Read the Luxury Travel Advisor story here
Vertical construction has started at the Montreign Resort Casino at Adelaar, N.Y., which will have an 18-story hotel and 93,000-square-foot casino. Approximately 300 construction workers are on the job – a number that will balloon to about 2,000 by the summer of 2017 – with
The Paychex | IHS Small Business Jobs Index rebounded 0.21 percent in June, increasing to 100.81, reversing the May decline of 0.18 percent. The second quarter of 2016 saw an overall gain of 0.07 percent, despite significant movement in the index month-to-month. The change in
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