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.
Starwood Hotels and Resorts over the next two years will more than double the number of properties that operate under its eco-friendly Element Hotels brand. It will open Element hotels in London, China and Frankfurt. Read the USA Today/Dispatches blog here
A 55-acre mixed-use project has been approved by the planning and zoning commission of Richardson, Texas. The development, to be undertaken by the Parliament Group, will rise next to the under-construction office campus of State Farm Insurance, and will include a hotel, office, residential and
Improved visitation numbers and hotel performance in Southern California are pushing hotel investors to take on riskier deals. The Los Angeles and Orange County areas, in particular, have seen more sales of unstabilized hotels and hotel-rebranding projects, he said. Read the GlobeSt.com story here
Revenue per available room is projected to increase by 6.3 percent in 2015 in hotels outside the 55 largest U.S. markets, according to the September 2014 Hotel Horizons report by PKF Hospitality Research. Its small difference from the 6.7 percent revPAR growth predicted for the
Urban Outfitters’s Anthropologie chain, known for its bohemian-chic housewares and apparel, will supersize some stores to entice shoppers with a wider array of lifestyle gear. The company aims to open 25 to 50 Anthropologie stores in the next five years that will be three times
In its fourth-quarter report, Marcus & Millichap says that hotels are expected to continue to gain across all measures of performance, further extending the industry’s multiyear gains. Construction of new hotel rooms lags behind the growth in demand, allowing operators greater pricing power. Read the
Olive Garden will open its first restaurant in Chicago later this month, featuring its new logo and remodel design — and, of course, free salad and breadsticks. The 7,780-square-foot restaurant at 3555 West Addison Street, the first in the Chicago city limits, will be able
InterContinental Hotels Group has been named as the operator of the nearly 900-room hotel being built in downtown Los Angeles as part of Korean Air’s $1.1 billion Wilshire Grand development. The hotel would have its entrance on the tower’s 70th floor and would have its
Pie Five Pizza Co. has awarded up to 15 franchise units for the state of Indiana to restaurateur Carl Dissette. According to a news release, he plans to open the first location in South Bend in Q2 2015. Dissette currently owns and operates 10 Jimmy
Traditional supermarkets will see their grocery market share drop from about 40 percent in 2013 to about 37 percent in 2018, as shoppers diversify their shopping trips to include retailers such as Wal-Mart, specialty retailers like Whole Foods, dollar stores and online grocery sites, according
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