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.
IKEA Canada must make its stores and online retail site more accessible and affordable to shoppers amid an increasingly competitive retail landscape. IKEA Canada is turning its focus to growth after settling a 17-month strike at a store in British Columbia. Read The Globe and Mail
Morgans Hotel Group reportedly plans to put the Hudson New York Hotel and the Delano South Beach Hotel in Miami up for sale. Morgans is said to be hoping for a sale price of $500 million for the 928-room Hudson and $200 million for the
The Mall at University Town Center in Sarasota, Fla., features developer Taubman Centers‘ most ambitious slate of tech tools to date. The center will offer free Wi-Fi throughout, fiber-optic internet technology for high-bandwidth streaming, and 12 touchscreen directories that will be managed remotely from the
Carey Watermark Investors has acquired the Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management for an undisclosed amount. The property includes a 511-room resort, 70,000 square feet of meeting space and a
The wife and son of Lululemon founder Chip Wilson have opened Kit and Ace, a Vancouver boutique selling a line of high-end casual wear. Backed by Wilson family funding, the partners plan to have five shops open in North America by the end of next
STR reports that revenue per available room in the U.S. grew by 9.2 percent to $82.93 in the third quarter amid a 3.8 percent rise in occupancy and a 5.2 percent increase in average daily rate. Demand growth overtook supply during the quarter, rising 4.8
Construction of a 317-room hotel in San Diego’s Gaslamp Quarter district has begun. The property is expected to open in two years under management by Montage Hotels & Resorts and offer a rooftop pool, two restaurants, 22,000 square feet of conference space and a beer
MCR Development has bought a Hilton Garden Inn and a Homewood Suites by Hilton hotel in Ohio. The 100-room Hilton Garden Inn in Dublin, Ohio, was sold for $10.2 million. The sale price for Lane Avenue Enterprise, which owns the 109-room Homewood Suites in Upper
The 122-room Courtyard By Marriott Daytona Beach Speedway/Airport in Daytona Beach, Fla., has been sold for an undisclosed amount to Waramaug Hospitality Asset Management. Marriott will retain management of the property, which underwent a $1.2 million refurbishment in 2011. Read The Daytona Beach News-Journal story
Whole Foods has unveiled a new range of touch screens and other digital tools at its new flagship store in Alpharetta, Ga., that incorporate social media and other technology to provide product information such as food source and nutrition. The move is part of the
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