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.
Party City Holdco reported about $2.27 billion in 2014 revenue and is expected to be valued at about $2 billion when it goes public. The company, which operates 900 North American party superstores and plans to open about 30 more per year, expects to raise
Liberty Property Trust is proposing a major mixed-use development in the Philadelphia area’s Great Valley Corporate Center. It would tear down nine office buildings to create 50 acres of developable land for a mixed-use community with more than 1 million square feet of space. The
The Holiday Inn & Suites Rosemont in Chicago has been sold to Hospitality Properties Trust for an undisclosed amount. A recent filing shows that HPT had agreed to pay $35.5 million for the 300-room hotel. Intercontinental Hotels Group will assume management of the property. Read
More than 90 percent of Jamba Juice‘s units will be franchises by the end of the fiscal year, up from an earlier goal of 80 percent. The company, which said earlier this month it will sell 100 company stores in California to a franchisee, had
Dick’s Sporting Goods will open up to 150 new stores and book $9 billion in sales by 2017, according to The Wall Street Journal. The retailer plans to invest $850 million in new stores, remodels and e-commerce, and focus on new and underserved markets.
The Four Seasons Las Vegas is offering guests a more private experience via its eight private cabanas. These cabanas feature sofas, chaise lounges and flat-screen TVs, with bottle service available. Read the Los Angeles Times/Las Vegas Now blog here
PCL Construction has started construction on a $190 million, 41-story luxury apartment and hotel project in Seattle that is expected to be complete in 2017. Part of the money for the Potala Tower was raised through the EB-5 program, where foreigners invest in projects that
Online eyeglass retailer Warby Parker will expand its brick-and-mortar presence with the recent opening of a permanent store in Chicago. The location, the retailer’s first in the Midwest, will replace a temporary studio set to close. The store will have an optometrist, a photo booth, a
Kit and Ace, the upscale clothing brand started by the wife and son of Lululemon Athletica founder Chip Wilson, will open a store in Milwaukee this summer. The retailer, which has stores in Canada and New York, aims to grow to 50 stores this year,
A 150-room Andaz hotel will be part of the Rael Development project due to begin in the summer in Palm Springs, Calif. The boutique Andaz Palm Springs will include two outdoor pools, a spa and meeting space. Read The Desert Sun story here
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