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.
Dunkin’ Brands has signed a master franchise agreement that calls for up to 1,400 new Dunkin’ Donuts units in China over the next 20 years. The chain has about 3,200 international stores, including 16 existing locations in China. Read the Chicago Tribune /The Associated Press
ALDI is expanding its footprint in Northeast Florida, with plans to open stores in Jacksonville and Middleburg. The discount retailer entered the market in October with a store in St. Augustine, part of a growth plan that the company hopes will boost its store count
Marriott International’s Autograph Collection will enter Hawaii when the Mauna Kea Beach Hotel on the Big Island joins the group next year. Read the Travel Weekly story here
Non-farm payrolls were up 252,000 in December, according to today’s data from the Bureau of Labor Statistics. This was above economists’ expectations of around 240,000. The construction sector added 48,000 jobs, while architectural and engineering services added 5,000. The unemployment rate fell from 5.8 percent
A bankruptcy judge green-lighted the sale of the Revel casino in Atlantic City, N.J., to developer Glen Straub, and rejected his argument that he should be allowed to purchase the property for $87 million rather than the $95.4 million he initially bid. Stuart Moskovitz, Straub’s
Fashion retailer Forever 21 is in expansion mode in Europe, where it plans to open 50 stores in eight countries over the next three years. The retailer currently operates 450 U.S. stores and 100 international locations. Read the RetailGazette.co.uk story here
A bankruptcy judge green-lighted the sale of the Revel casino in Atlantic City, N.J., to developer Glen Straub, and rejected his argument that he should be allowed to purchase the property for $87 million rather than the $95.4 million he initially bid. Stuart Moskovitz, Straub’s
New York’s 321-room Loews Regency Hotel is completing its $100 million renovation and has announced six new Signature Suites. Read the JustLuxe story here
The Philadelphia Airport Complex has been sold to The Lightstone Group and its affiliates by Starwood Hotels & Resorts. The property includes the 136-room Aloft Philadelphia Airport, the 177-room Four Points by Sheraton Philadelphia Airport and the 252-room Sheraton Suites Philadelphia Airport. All hotels are
Pebblebrook Hotel Trust has purchased the Revere Hotel Boston Common for $260.4 million, marking its second transaction in Boston and raising its portfolio count to 35. Pebblebrook also acquired a parcel of land adjacent to the hotel for potential new construction. Read the HotelsMag.com story
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