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.
Large-scale consolidation across various industries may be heralded by hotel transactions such as the Marriott International acquisition of Starwood Hotels & Resorts Worldwide, panelists said at a recent real estate investment summit. Hyatt Hotels was cited as a likely major buyer. Read the HotelNewsNow.com story
ONE DAYTONA, International Speedway Corp.’s (“ISC”) planned mixed-use and entertainment destination across from Daytona International Speedway, added several new retail and dining tenants, including Guitar Center, Tervis, IT’SUGAR, Jeremiah’s Italian Ice, and Venetian Nail Spa. Tenants, which will be located in the destination’s retail, dining
Developer Jacobs Investment plans to redevelop the Nautica Entertainment Complex on 22 riverfront acres in Cleveland. The $405 million project would bring residential units, a hotel, office space and parking to the area over seven years. Some of the complex’s current structures would remain. Read
Armada Hoffler Properties purchased Southgate Square in Colonial Heights, Va., for $21.1 million in debt and more than 1.5 million units of limited partnership interest in the operating partnership. The 220,000-square-foot shopping center has a newly opened Burlington, as well as PetSmart, Staples and Michaels
Progress continues in Fairmont Hotels & Resorts‘ push to renovate properties in North America. Projects in the works include the 415-room Fairmont Washington, D.C., Georgetown’s $27 million makeover and Fairmont Le Chateau Frontenac‘s $75 million restoration in Quebec. Read the TravelAge West story here
Ashford Hospitality Trust will be able to “focus on upper upscale full-service hotels” by parting with its select-service properties. The company plans to sell its entire portfolio of about 60 select-service hotels, focusing on smaller transactions. Read the HotelNewsNow.com story here
Nonfarm payrolls were up 160,000 in April, according to data from the Bureau of Labor Statistics, below economists’ average expectations and the fewest new jobs in seven months. The construction sector added just 1,000 jobs, and the unemployment rate was steady at 5%. The labor
Retail Properties of America has acquired the Oak Brook Promenade in Oak Brook, Ill., for $66 million. The real estate investment trust’s purchase of the 183,000-square-foot shopping center makes it the organization’s eighth Chicago-area property. Read the Crain’s Chicago Business story here
Real estate firm CBRE‘s recent report indicates that Chicago’s retail vacancy rate is 8.9%, the lowest the city has seen since 2013. Rents have reached $18.75 per square foot, an increase of $1.12 over the previous year. The growth is led by a surge in
Nonfarm payrolls were up 160,000 in April, according to data from the Bureau of Labor Statistics, below economists’ average expectations and the fewest new jobs in seven months. The construction sector added just 1,000 jobs, and the unemployment rate was steady at 5%. The labor
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page