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.
BPR Properties has purchased the Hyatt Place North Raleigh/Midtown and Hyatt Place Greensboro in North Carolina and the Hyatt Place Columbia/Harbison in South Carolina, with a total of 378 rooms. The $30 million acquisition is part of BPR’s plan to use its newly formed hospitality
The former 30,145-square-foot ABC Warehouse Building has been cleared away, leaving a plot of empty land immediately west of Ikea. The big-box furniture retailer in late June announced plans to expand its only Michigan location for tearing down the then-empty building next door. Read the
Miami became home to several new boutique and lifestyle hotels in last year, and the trend is expected to continue with the luxury Faena Hotel and SLS lux Hotel expected to open in the next two years. Meanwhile, several large retail developments are underway in
Arby’s has seen sales increases of 18 percent to 20 percent at stores that have implemented the chain’s remodeling plans. The new look includes a bolder red outside and wood paneling and warm lighting inside. Read the Pittsburgh Post-Gazette story here
Retail cooperative Ace Hardware has acquired Jensen Distribution Services, a 131-year-old Washington-based hardware distributor, for $32 million. Ace bought Maine-based distributor Emery-Waterhouse last year, and it expects the Jensen acquisition to further expand its wholesale buying power. Read the Chicago Tribune story here
Detroit is expected to see its travel numbers grow in 2015 thanks to the revitalization of its entertainment and lodging infrastructure, while Denver is on track to become one of this year’s top 15 domestic destinations because of the surge in marijuana tourism in Colorado,
Stan Kroenke, the owner of the National Football League‘s St. Louis Rams, wants to build an 80,000-seat football stadium in Inglewood, Calif. The stadium would be in addition to an already planned mixed-use project on the site. The Rams have not reached a deal to
Costco, Urban Outfitters and The Fresh Market are among national retailers that have chosen Tulsa over larger state capital Oklahoma City to open their first stores in Oklahoma. Demographics are often cited. Read The Oklahoman story here
Spain’s Inditex will open at least 12 new Zara stores in the U.S. this year, adding to the 52 outlets it already operates there. Plans call for two new New York City stores, including a 4,400-square-meter SoHo flagship and a 2,800-square-meter store in the World
Omni Hotel wants to construct a 30-plus-story hotel and residential building in Louisville, Ky. The building would be the third tallest in the city and contain 600 hotel rooms and 225 apartments. The $289 million project is expected to be completed in 2018, and will
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