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.
Bunker Hill Capital has sold Boston-based steakhouse chain Smith & Wollensky Restaurant Group to Dublin, Ireland-based Danu Investment Partners for an undisclosed amount. The chain operates seven eateries in cities including Boston, Chicago, Las Vegas and London. Read The Boston Globe story here
ALDI is opening eight stores across the Inland and Coachella Valley areas of Southern California this week, as part of its bigger strategy to operate 2,000 stores by 2018. The retailer plans to open 45 new stores this year. Read The Press-Enterprise story here
Marriott International plans to open its JW Marriott Hotel Nara in Japan in time for the 2020 Olympic Games. Read the SpaOpportunities.com story here
Many older commercial office parks in the suburbs of Atlanta are being turned into mixed-use developments. The Concourse Corporate Center park will get a new hotel, a residential building and restaurants as part of a $90 million makeover. The Simpson Organization plans to redevelop another
Tawa Supermarkets Inc. will launch three of its Asian-themed 99 Ranch Market grocery stores in New Jersey, with one in Hackensack. The West Coast franchise operates 39 locations and aims to fill a growing demand for Asian foods. Whole Foods, Trader Joe’s and other traditional
Las Vegas Sands Corp., Majestic Realty Co. and the University of Nevada, Las Vegas, propose building a $1.2 billion, 65,000-seat football stadium near the school that would be home to the college team and perhaps a National Football League team. But tourism officials have differing
Marriott International boosted its bid today for Starwood Hotels & Resorts to about $13.6 billion in a cash-and-stock deal, and Starwood accepted. Marriott countered in response to a $13.2 billion cash bid from China-based Anbang Insurance Group. Read the The New York Times story here
Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution. Starwood will manage and market two properties in Havana and signed a letter of intent to operate a third. Read the Entrepreneur.com
A Regency Centers joint venture is breaking ground on the first phase of a 170,000-square-foot, grocery-anchored center in the Springwoods Village submarket of Houston. It will deliver in the spring of 2017. Read the American City Business Journals/Houston story here
A 450,000-square-foot shopping center planned for Fayetteville, N.C., could be home to HomeGoods, Field & Stream, Hobby Lobby and as many as three dozen additional retailers if developer RealtyLink gets to move the project forward. The shopping center could break ground in May, assuming all
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