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.
From omnichannel efforts and real estate spinoffs to new cosmetic partnerships and acquisitions, department stores are seeking new avenues for growth as technology continues to drive big changes in the retail industry. The industry hasn’t seen such upheaval since big downtown department stores gave way
Detroit is in need of more downtown hotel rooms, according to Hotel Investment Services CEO Ron Wilson. “It’s all a question of scale — conventions have gotten bigger,” Wilson said. Read the Crain’s Detroit Business story here
A bill that would issue a maximum of $22.5 million in bonds for Maryland Live casino’s hotel and conference center was sent to the Anne Arundel County Council. In 2013, casino owner The Cordish Cos. had planned a 300-room hotel and 70,000-square-foot convention center. A
Dick’s Sporting Goods will launch a new women’s active wear concept called Chelsea Collective, with apparel, footwear and accessories designed to meld function and fashion, the retailer said. The brand, which will open its first two stores in Virginia and Pittsburgh, will compete with category
Pacifica Hotels has worked to remain a dominant industry player through recent renovation investments and additional staff hiring. Drawing younger guests to its properties has become one of the company’s top goals. Read the HotelsMag.com story here
Top clothing retailers have begun to focus on “going green” in relation to selling their products. As the trend of going green has popularized, retailers such as H&M have begun to offer incentives in exchange for an environmentally friendly act by consumers.
Forever 21 will open F21 Red stores in Phoenix and Tempe, Ariz. The retailer’s new brand is a full-price concept that focuses on fashion basics including jeans, T-shirts and camisoles. Read the American City Business Journals/Phoenix story here
At least two new Four Seasons locations are being developed in South Florida with help from entrepreneur Nadim Ashi of Fort Partners. The developments are located near Miami Beach and in Fort Lauderdale. Ashi has indicated that he may pursue another Four Seasons location in
Diversified Restaurant Holdings Inc., or DRH, will continue to look for “opportunistic” growth after completing the $54 million acquisition of 18 Buffalo Wild Wings restaurants in the St. Louis area last week. Read the Nation’s Restaurant News story here
Occupancy at U.S. shopping centers remained healthy and rents rose in the second quarter of 2015, data from Reis indicate. Mall vacancy rates stayed at 7.9 percent, while open-air center rates also remained steady, at 10.1 percent, the data showed. Read the SCT Newswire story
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