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.
Developer DCS Investment Holdings has revealed plans to revive the Bella Collina residential development in Montverde, Fla., with a new condo hotel. The $30 million project is expected to start in November and will consist of 100 two- and three-bedroom units. Read the American City
The Sacramento (Calif.) Historic Preservation Committee has approved plans to renovate the vacant Marshall Hotel. The facade will be saved, but the interior will be redesigned, with a proposed 159 rooms. Work on the property, which will fly the Hyatt Centric flag, will take up
The Waterford Hotel Group and its investment partners have acquired five new hotels, bringing its portfolio to 28 hotels across seven states. Waterford will manage the new hotels while retaining its ownership stake. Four of the newly acquired properties are in Connecticut, and one is
La Quinta Holdings has agreed to sell 24 of its hotels and expects to finalize the deal by year’s end. Read the SNL Financial story here
Walgreens will open a store in the former Sears location on State Street in the Loop, the Deerfield-based company confirmed Wednesday. The store, set to open next spring, will occupy 15,000 square feet of space at 2 N. State. Sears closed its store there in
Plans for a 152-room hotel near Los Angeles International Airport include a Custom Fit fitness center, a restaurant and outdoor area. The Cambria El Segundo LAX, which is expected to open at the end of 2016, is being developed through a partnership between Fillmore Capital
Beauty retailer Ulta last fall launched two 5,000-square-foot shops in cities with fewer than 50,000 people to test the smaller rural market. Ulta has debuted 20 stores in the past four months, and its same-store sales grew by 10.1% in the second quarter. Read the
The global commercial real estate industry over the past year reduced greenhouse gas emissions 3%, energy consumption 2.9% and water use 1.7%, according to the Global Real Estate Sustainability Benchmark 2015 Survey. Host Hotels & Resorts, Equity Residential and Ventas were named global sector leaders
Hilton has added a new hotel to its luxury Curio — A Collection by Hilton brand: The Admiral Hotel Mobile. The historic Alabama property, due to reopen in the fall after renovations, will have 6,000 square feet of conference facilities, improved public spaces and guest-room
VHB has proposed building two hotels on nearly 30 acres of land near Florida’s Orlando International Airport. The hotels would have a combined 300 rooms. Orlando is seeing more hotel development as the airport expands and tourism continues to rise. Read the American City Business
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