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.
New Yorkers will see very soon how well last year’s strategic image-softening fares for Chick-fil-A. The company has confirmed the opening of its first stand-alone New York City location, at 1000 Sixth Avenue (at the corner of 37th Street), near Herald Square. The chain hopes
Starwood Hotels & Resorts Worldwide, is accelerate its unit growth worldwide. Company officials said the decision to market three resorts in Fiji is in line with this new initiative, as it could use the proceeds from the sales to fund growth. Starwood also hopes to
Washington, D.C., is 7-Eleven’s biggest U.S. market for sales of wings, hot dogs, pizza, nachos and other convenience foods, a trend that has the retailer adding more than one new store each month in the nation’s capital. The company added 16 new stores in the
Average hotel room rates in Atlantic City, N.J., climbed 10 percent in 2014, according the Hotel Price Index, and the casino hotels reported occupancy rates of 92 percent last year, an increase of almost 1 percent, according to the state’s gaming enforcement division. Atlantic City
Starwood Mortgage Capital has agreed to refinance the 100-room Iron Horse Hotel in Milwaukee with a $19.5 million first-mortgage loan. Read the GlobeSt.com story here
A Philadelphia-based retailer has twice in the last month announced downtown Spokane stores aimed at two coveted shopping demographics. Read The Spokesman-Review story here
The 100-unit, California-based Habit Burger Grill saw a double-digit sales bump in the fourth quarter, after Consumer Reports said it had the country’s best-tasting burgers. The chain will open up to 28 company-owned units and five franchise locations this year, with an eye on doubling
The supply and demand growth rates for America’s extended-stay hotels have been increasing steadily over the past three years, and that trend is expected to continue, according to Smith Travel Research. The market for extended-stay hotels reached peak performance in 2014 with occupancy at 74.8
The office sector is “at the beginning of a new construction cycle, but not necessarily one that will result in excessive supply,” according to a report from Principal Global Investors. The recovery in rents and pricing is driving the activity, it says. Other recent reports note
Half of Lightstone Group‘s $2 billion investment to develop select-service hotels across the United States will be used to open six properties under Moxy, Marriott International‘s new millennial-focused brand, in 2017. Company executives said they are confident Moxy’s focus on the millennial segment will help the
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