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.
Best Western Bay Harbor, Ramada Westshore and three other hotels in Tampa Bay, Fla., have been put up for sale for $100 million after undergoing renovations. Equity Management Partners expects to market the properties for a minimum of a month. Read the American City Business
Dollar General will carry over its strong fourth-quarter results into 2015 with an aggressive expansion plan that includes opening 730 new stores and remodeling 875 existing stores this year. The 11,789-store chain, which added 700 stores last year, reported a 4.9 percent increase in same-store
Levy Acquisition, a company formed in 2013 by Chicago restaurateur Larry Levy and two of his sons, will acquire the 550-unit Del Taco chain in a deal valued at about $500 million. Levy Acquisition raised $150 million in a public stock offering a month after
The Bahamas’ $3.5 billion Baha Mar resort project is the largest in the Western Hemisphere and is slated to open on this spring. The resort will include the largest casino in the Caribbean. Read the Forbes/ForbesLife story here
Denny’s, IHOP, Cracker Barrel and other family dining chains are seeing a resurgence as gas prices remain low, providing consumers with a bit of extra cash for dining out, say analysts and industry executives. Low gas prices are also fueling an increase in road trips,
Nelson Construction and Development has announced plans to convert the historical post office in downtown St. Paul, Minn., into a 149-room Hyatt Place hotel. Read the Star Tribune story here
Irongate has broken ground on the second tower in its Ritz-Carlton Residences, Waikiki Beach, Hawaii, development, as work on the first tower continues. The first 37-story tower is slated for completion next year. Read the American City Business Journals/Honolulu story here
Starwood Hotels & Resorts is expanding its Le Meridien brand across Middle America to create a niche in the world of business travelers and the more youthful customers traveling for leisure. Read the Travel Weekly story here
Redrock Partners will pay $8 million in cash to acquire Romano’s Macaroni Grill from Houston-based Ignite Restaurant Group, which purchased the chain for $55 million two years ago. The sale to the Phoenix-based group will allow Ignite to focus resources on its Joe’s Crab Shack
The Oakland metro area in California will likely see a 42 percent increase in construction this year compared with last year, according to construction research firm CMD. This would put spending on construction at about $4.8 billion, and much of that will go toward multifamily
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