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.
The Florida Keys are expected to gain 1,600 new resort hotel rooms by the end of 2016 as more than a dozen new or renovated properties debut. Read The Real Deal story here
The Port Authority of New York and New Jersey approved an international competition to design a new bus terminal near New York City’s Times Square. The project will replace an aging facility and could cost up to $10 billion. Read the Bloomberg story here
New Dunkin’ Donuts outlets by the dozen — two, to be exact — are in the newly reinvigorated Minnesota pipeline thanks to a pair of franchise agreements by the nation’s largest doughnut-and-coffee chain. Read the Star Tribune story here
Starwood Hotels & Resorts Worldwide has added an 11th brand by activating its relationship with Design Hotels AG, in which it has been a majority but passive investor since 2011. Design Hotels, based in Berlin, is a global affiliation for roughly 300 independent hotels and
Burger King will open a restaurant in Ivory Coast this month, marking the chain’s entrance into West Africa. The quickservice chain operates in South Africa, and the new eatery marks its expansion in sub-Saharan Africa. Ivory Coast has averaged 9% annual economic growth over the
Oxford Capital Group has purchased the Best Western Bay Harbor Hotel in Tampa, Fla., for an undisclosed amount. The 261-room waterfront facility will be converted to an upscale lifestyle hotel. Read the HotelsMag.com story here
Laurus Corp. has acquired the 460-room DoubleTree by Hilton Pittsburgh from RIDA Development Corp. with plans to invest $7 million in improvements. Read the Commercial Property Executive story here
Yotel plans to spend five years adding 50 hotels; eight are already in development. The 8-year-old chain, which offers pod rooms, plans to open new properties in Boston, Miami, New York, San Francisco, Singapore and Dubai, United Arab Emirates, along with airport sites at Charles
An agreement between federal leaders and officials in New York and New Jersey indicates growing political support for constructing a rail tunnel between the two states under the Hudson River, says ratings agency Moody’s Investors Services. However, questions remain about how Amtrak and New Jersey
Trader Joe’s will build its first store in downtown Minneapolis in the east half of the city’s downtown, marking the area’s first chain grocery store. The new store will be part of a mixed-use development and is expected to open in 2017. Read the Star
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