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.
Glenn Straub, a Florida developer who initially bid $95.4 million for the Revel casino in Atlantic City, N.J., wants a discount after high-bidder Brookfield Asset Management backed out of the deal. Straub said he now wants to pay $87 million for the closed casino, citing
National restaurant chain Corner Bakery Cafe will open nine locations throughout the Central Valley over the next five years, including a location in Fresno in early 2016. Franchisee Doug Cross said he has a contract with franchise group owners C & L Cafe for nine
A parking lot in Baltimore’s Inner Harbor area could soon be home to a 38-story tower — which would be one of the city’s tallest. InterPark LLC and Comstock Partners say the building would include a hotel, apartments, parking and retail space. The initial designs,
Total construction put in place for 2014 will be $62 billion greater than last year — a 7 percent increase according to the latest report from FMI. CPIP should finish this year around $972 billion and is expected to top $1.04 trillion in 2015. Commercial
Department store Boscov’s, which filed for Chapter 11 bankruptcy in 2008, has staged a comeback that includes the reopening of previously closed locations. The 43-store family-owned retailer reported a strong holiday season, and it plans to continue the slow, steady pace of growth that has
Shake Shack filed for an initial public offering that could raise as much as $100 million. The chain launched as a Madison Square Park hot dog cart a decade ago, and it has since grown to 63 locations including 31 in the United States and
Pacific Hospitality Group has proposed a new 134-room hotel to bolster its supply at the Meritage Resort and Spa in Napa, Calif. The expansion would also include a number of pools, a spa facility and a multi-use event center. Read the Napa Valley Register story
The National Basketball Association‘s Sacramento Kings is getting a new $477 million arena. The team wants to construct a $250 million mixed-use project next to the arena, which would include a 16-story tower with a hotel and condo units, along with retail, office space and
A developer is seeking economic incentives to pursue a development at the National Shrine of Our Lady of the Snows in Belleville, Ill., with space that includes two hotels, four restaurants and a convention center. Decisions by the Belleville City Council and the state to
Walgreens will reevaluate its strategy to always have the best corner or location as part of cost-cutting efforts in advance of its merger with Alliance Boots. Read the Forbes story here
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