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.
Environmentally friendly practices are gaining ground as hoteliers respond to guest demands and find sustainability beneficial to the bottom line. Early growth has been slow, with only three U.S. hotels reportedly having earned LEED Platinum designations. Read the Hotel Management online story here
Krispy Kreme Doughnuts is expanding its presence in Central America through a franchisee agreement to open 16 shops in Panama by the end of 2020. The company is working with Barcenas Group International Inc. Panama becomes the 31st country — counting the United States —
The Breakers Palm Beach in Florida spends no less than $25 million each year on capital improvements and restorations to its historical facilities. Read the HotelNewsNow.com story here
Hamra Enterprises, a franchisee of Wendy’s restaurants, has completed the acquisition of 30 Boston-area Wendy’s locations from Wendy’s International LLC. Read The Boston Globe story here
A hotel is among the improvements that SeaWorld Parks & Entertainment unveiled for its park in San Diego. The hotel will be developed by Evans Hotels, which operates properties that include the Bahia, the Catamaran and the Lodge at Torrey Pines in California. A time frame
Costa Verde Center in the San Diego area could see a $230 million upgrade by owner Regency Centers. The 178,000-square-foot center is home to a grocer, Boxing Club, bookstore and other shops but could get a boutique hotel and 70% more retail space. Construction would
Starbucks added 15 new shops in Manhattan to end the year with 220 locations in the New York City borough, making it Manhattan’s most populous retailer, according to an annual report. Dunkin’ Donuts holds the title citywide, with 568 locations across the five boroughs, and
RioCan REIT is selling 49 retail centers in the United States to the Blackstone Real Estate Partners VIII fund for $1.9 billion. The 13 million-square-foot portfolio is expected to provide $793 million in capital. Read the Bloomberg story here
York, Pa.-based retailer The Bon-Ton Stores has been in talks about a potential sale or merger with regional players Stage Stores and Belk, according to Women’s Wear Daily. Stage, which operates 850 stores in 40 states under banners including Bealls, Palais Royal, Peebles, Goody’s and
Work is underway at a 300-acre site in Los Angeles that could include a new stadium for the National Football League’s St. Louis Rams. Old buildings have been reduced to rubble, and new sewers and storm drains have been installed along with underground utility pipes.
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