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.
Ciceroʼs Development Corp. has completed a multi-million dollar renovation of more than 25,000-square feet of meeting space in the Doubletree by Hilton hotel in Oak Brook, Ill. The renovation in the seven-story, 427-room hotel applied Cicero’s $ensible Green sustainability strategies to reduce operating costs and
Marriott International has continued to reimagine itself to fit a changing market as it works toward a goal of having more than 5,000 properties worldwide over the next three years. Marriott has been shifting focus to local and regional customers, churning out technological innovations and
Restaurant chains including Burger King, Wendy’s and McDonald’s have been selling more of their units to franchisees to raise capital and cut costs, but fast-casual Chipotle has never seen a need to start franchising. The Denver-based burrito chain grew early on with investments from friends
Barkley Lake Inn has purchased vacant properties on Lower Broadway in Nashville, Tenn., and plans to build a 110-room boutique hotel as well as three restaurants on the site. Read The Tennessean story here
The once-thriving but long-vacant shopping plaza in Delran that once housed a Sam’s Club wholesale discount store has been sold and expects to sign tenants soon. Its new owner, Sun Equity Partners, plans to begin renovations as well. Read The Philadelphia Inquirer story here
Centerpointe Mall in Grand Rapids, Mich., has sold for $68 million to an arm of a New York investment firm. There are 60,000 square feet remaining to be leased at the 525,000-square-feet complex, which was recently renovated. Read the MLive.com story here
Real-estate tycoon Joseph Chetrit has agreed to buy the 600-room Hotel Carter in New York for $190 million. The deal is expected to close over the next two months. The property, which boasts a prime location near Times Square, reportedly drew 24 other potential buyers
Sprouts Farmers Market has added a second Alabama location to its list of new stores scheduled to open in early 2015, and shared the addresses of all 10 new stores planned for the quarter.The list includes: Bakersfield and Daly City, Calif., Birmingham and Huntsville Ala., Cumming,
Hyatt Hotels plans to sharpen its focus on careful use of resources, environmentally sensitive building and the use of technology to protect the environment. The goals are part of the company’s recently unveiled vision for achieving greater sustainability by 2020. Read the TravelPulse story here
MGM Resorts International plans to sell an 83-year-old hotel-casino in Henderson, Nev., to First Federal Realty, pending regulatory approvals. The 120-room Railroad Pass casino opened in 1931, and its operator was granted the fourth gaming license issued in the United States. Read the Reno Gazette-Journal/The Associated
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