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.
Highgate Hotels, which manages 60 hotels in major cities, is preparing for possible expansion efforts with the sale of a stake to private-equity firm Trilantic Capital Partners. In the past, Highgate has taken on an equity partner ahead of an acquisition. Read the Hotel Management
Best Buy will add more than 100 new smart-home products online and at 400 stores before Thanksgiving. The retailer joins others, including Home Depot, Lowe’s and Staples, which have been expanding their offerings of automated home devices and services. Read the GigaOm story here
Donald Trump said he may return to Atlantic City, the down-on-its-luck gambling mecca he ruled in the 1980s and 1990s. Read the Fox Business story here
A subsidiary of Amboy Bank has proposed building a 199-unit extended-stay hotel in Wall Township, N.J. The hotel would occupy the site of the unfinished “The Monmouth” condominium project and would include an indoor swimming pool, a business center and a conference room. Read the
Holiday spending growth is expected to hit its highest rate in three years, as an improving employment picture spurs consumers to splurge a bit more, according to the annual NRF holiday recently released forecast. Spending is forecast to reach $617 billion, up 4.1 percent from
Tony Roma’s has opened its second TR Fire Grill and Lounge, an updated concept that leaves the traditional steakhouse behind in favor of locally sourced ingredients and modern decor. The chain, which operates 120 international restaurants and 34 in the United States, aims to woo
Whole Foods Market plans to open a second location in Detroit. The retailer was reportedly given $4.2 million in tax credits to open the 21,000-square-foot Midtown store. In June 2013, the Michigan Economic Development Corp. announced a $1 million incentive for the construction of the
An undisclosed investor gained ownership of the 299-room Baton Rouge Marriott hotel in Baton Rouge, La., at an online auction with a bid of $21.4 million. Bidders for the property included developer Mike Wampold, who offered $13 million. Read The Times-Picayune story here
Microsoft will open its first flagship on New York City’s Fifth Avenue, a few blocks south of Apple‘s Manhattan flagship in a coveted location surrounded by luxury brands. Microsoft, which last year partnered to open in-store shops at 600 Best Buy stores, has grown to
Canadian luxury department store retailer Holt Renfrew will open its first men’s store this week, as it gears up for the arrival of U.S.-based rivals Nordstrom and Saks Fifth Avenue. The new store in Toronto will sell designer menswear, high-end accessories, paintings by Canadian artists
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