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.
Burger 21 has signed a franchise agreement to develop its first restaurant in Chicagoland, marking the brand’s entry into Illinois. Additionally, the company signed a franchise deal for the development of one restaurant in Dallas. Read the FastCasual.com story here
Corroded steel, crumbling concrete and lack of investment are hurting the nation’s infrastructure, Steve Kroft contends in this 60 Minutes feature. Former Secretary of Transportation Ray LaHood said, “Our infrastructure’s on life support right now. That’s what we’re on.” Almost 70,000 bridges in the country
Brookfield Asset Management pulled out of a deal to buy the closed Revel Casino Hotel in Atlantic City, N.J., for $110 million, the company said, reportedly because of failure to reach an agreement on debt restructuring. Meanwhile, Florida developer Glenn Straub, who initially bid on
Carey Watermark Investors has bought the 295-room Kansas City Marriott Country Club Plaza for close to $57 million. The transaction includes an investment of $14.8 million by Carey Watermark for capital expenditures and other costs related to the hotel’s purchase. The property is slated for
Hotel demand growth will reach a four-year high of 4.5 percent and occupancy will rise 3.7 percent to 64.4 percent, its highest level since 1996, at the end of 2014, according to a new forecast by STR and Tourism Economics. The strong performance is expected
It’s a new day in the desert as La Quinta Resort & Club, the first resort to debut in Palm Springs, adds another gem to its crown: a multi-million dollar milestone restoration befitting of a legendary classic. Shouldered by the rugged Santa Rosa Mountains and
Strategic Hotels & Resorts has announced the acquisition of Arizona’s Four Seasons Resort Scottsdale at Troon North, in a $140 million deal that values each of the 210 rooms at $666,000. Walton Street Capital was the seller, and the purchase includes 13.8 acres zoned to
Marriott International has entered a deal with The Witkoff Group and New Valley affiliates to build an Edition hotel and residences in West Hollywood, Calif. The property is set to open in 2018 under Marriott’s management. Read the HotelsMag.com story here
The Diplomat Resort & Spa in Hollywood became part of Curio — A Collection by Hilton. The 998-room hotel was purchased by Thayer Lodging Group for more than $500 million. Read The Miami Herald story here
Construction crews have been grading and moving utilities at the site of SunTrust Park, the new $672 million stadium for the Atlanta Braves in Atlanta. The 82-acre site will include a mixed-use development that will include retail, hotel, office and restaurant space. Work is on
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