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.
California-based Smart & Final will open 100 new stores in the West over the next four years. The effort, dubbed “Project 100,” will focus on Smart & Final’s Extra! and Cash & Carry banners and create 5,000 jobs. Read the Progressive Grocer story here
The Dallas-based Corner Bakery will open a new restaurant recently on the corner of Rio Salado Parkway and Mill Avenue. The new restaurant at 222 S. Mill Ave. marks the fourth to open in the Valley and second under franchise group Blue Mountain Cafes, which inked
The Claremont Companies just purchased a Marriott-branded hotel in Pompano Beach, property records show. Claremont, a development company based in Massachusetts, was transferred ownership of the 10-story building and almost all of its 89 suites, except for one lonely unit that was sold to a
Wok Box Fresh Asian Kitchen has signed a master development agreement for 50 stores throughout the mid Atlantic. The agreement marks the largest deal to date for the Canadian-based fast casual chain known for offering cuisine of 10 different Asian countries. Read the FastCasual.com story
According to Fitch Ratings, the hotel industry is continuing its record-setting streak, with 59 months in a row of growth in revenue per available room. New York, Miami, Seattle and Houston are hot spots for hotel development in the United States. Read the GlobeSt.com story
The Suna Winchester subsidiary of Choice Hotels is planning to bring a new boutique hotel to Memphis, Tenn. The planned property will be part of the Ascend Hotel Collection. Read the American City Business Journals/Memphis, Tenn. story here
York County, S.C., has seen sudden growth in economic development and tourism, leading to plans for seven new hotels. If all projects go forward, the number of hotel rooms in the area will increase by 20%. A Hampton Inn opened in July, and a Courtyard
A new 240-room hotel is coming to Evansville, Ind., now that funding for a convention hotel and an adjacent parking garage has been approved. The $60 million project will include a DoubleTree by Hilton property, plus pedestrian bridges connecting it to the Old National Events
Real estate investment company Conor Acquisitions recently purchased the 96-key Courtyard by Marriott East Lenox Park. Read the Commercial Property Executive story here
Regent Hotels & Resorts is pursuing expansion plans, adding at least four properties in the next three years. Read the HotelNewsNow.com story here
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