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.
The parent of Applebee’s and IHOP opened 25 international restaurants last year and expects to open a higher number in 2015, as part of a five-year plan for global expansion. DineEquity entered markets including Guam, Indonesia and Singapore, and ended the year with 225 restaurants
Choice Hotels International is halfway through an initiative to refresh its Comfort Suites and Comfort Inn brands, which has boosted the number of new build projects in its domestic pipeline by 39 percent. Executives also named Choice’s Cambria and soft brand Ascend as potential drivers
Trader Joe’s will open a 9,500-square-foot store in the Brookside area of Tulsa, Okla., later this year, marking the popular retailer’s first foray into the state. The California-based grocery chain doesn’t plan to sell alcohol in the new store, according to the owner of the
Hartsfield-Jackson International Airport plans to spend up to $19 million to fix the roof of the domestic terminal and Concourse T, repairing damage from a 2013 hailstorm. The airport is seeking Atlanta city council approval for the expenditure. The work is expected to take until
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
Ashford Hospitality Trust has completed the acquisition of the remaining 28.26 percent ownership interest of the 28-hotel Highland Hospitality portfolio from Prudential Real Estate Investors for $1.735 billion. Two dozen of the hotels, which are under the Hilton, Hyatt, Marriott and Starwood brands, were refinanced
Value Place has partnered with Pure Strike Development LP and CAMTOD Group to build the first Value Place hotel in San Angelo, Texas. The property, which will be located at 4013 W Houston-Harte Expressway, broke ground in February. The San Angelo property will be the 39th
Net profits for privately held hotel properties jumped to 14.6 percent last year, up from 5.7 percent in 2013, according to data compiled by Sageworks. Read the Forbes story here
General contractor LPCiminelli says structural steel work is nearly finished on the $900 million SolarCity project in South Buffalo, N.Y. Most of the drilling for 5,500 pilings is also done. More than 200 construction workers are on site each day, a number that could balloon
Germany-based discount supermarket chain ALDI has opened 89 stores in Texas since entering the state in 2010, and it sees the potential to grow to 450. The chain, whose stores are smaller than typical supermarkets and feature mainly private-label products, plans to have about 2,000
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