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.
AEG plans to build a 38-story tower to expand the Marriott complex at L.A. Live in Los Angeles, which will make it California’s second-largest hotel. Work on the $500 million project is expected to start in late 2015 or early 2016 and should be complete
Macy’s upcoming off-price retail format will be more like a T.J. Maxx than a higher-end outlet store to keep it from competing with Bloomingdale’s growing outlet concept. The retailer will also invest to further integrate its online and physical retail worlds this year and expand
Asian cuisine is the third most popular menu segment in the U.S., which boasts 64,000 Asian eateries that gross about $25 billion annually, but only about 6 percent are operated by chains, according to a study from CHD Expert. Some 84 percent of Asian eateries
Occupancy levels are likely to hit the highest rates in more than two decades across 14 U.S. markets, according to PKF Hospitality Research. The group predicts that 2015 will be the sixth straight year of occupancy growth for the industry. Read the 4Hoteliers story here
Fast-casual continues to be the fastest-growing segment of the restaurant industry, according to Technomic, and Denver illustrates the segment’s success more than most markets. The area’s population tends to seek out healthy, fresh options. The stellar success of early Denver-based concepts including Chipotle Mexican Grill
The Loews Chicago is the first built-from-scratch Loews property to open anywhere since a Loews in Atlanta, debuted in 2009. Read the American City Business Journals/Chicago story here
Total construction put in place for 2015 is predicted to grow 8 percent according to the latest report from FMI. This supports earlier FMI predictions that CPIP will top $1 trillion in 2015, something the market has not seen since 2008. This indicates that the
Rate growth and occupancy levels are steadily rising, with the demand for leisure, group and corporate lodging on the upswing. In the third quarter of 2014 alone, the industry had 443,936 rooms planned and in development, and the favorable economic conditions, record-setting operating metrics, and
Supermarket giant The Kroger Co., which nearly acquired Safeway a year ago, may be eyeing Hawaii for its first location in the Islands. The Cincinnati-based company, which is the largest supermarket chain in the United States and the second-largest general retailer in the nation behind
Groundbreaking for a $1.2 billion mixed-use development in Houston, Texas, will be in May. The project will include a sustainable park, retail and office space, restaurants, outdoor fitness areas, hotels and multifamily units. Read the Houston Chronicle story here
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page