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.
The landmark Figueroa Hotel in Los Angeles has been sold for an undisclosed sum to a joint venture between Urban Lifestyle Hotel Group and GreenOak Real Estate Advisors. The 285-room property, which was built in 1925, is slated for renovation. Read the GlobeSt.com story here
La Quinta is planning growth, particularly in downtown markets with high average rates, according to company executives. The company has hotels in the pipeline in Houston, Dallas, Oklahoma City and in countries including Mexico, Honduras and Columbia. Read the HotelNewsNow.com story here
Restaurants are playing a key role in Detroit’s post-bankruptcy revival, with new concepts and established eateries catering to a growing demand for an urban lifestyle. Read the FSR magazine online story here
Burst water pipes, potholed roads and ineffective storm drains are some of the infrastructure problems Los Angeles residents are dealing with. It would cost the city between $10 billion and $15 billion to get its infrastructure in decent shape. And water rates would rise by
A major development with a 26-story luxury hotel has gotten approval from Orlando, Fla., officials, clearing the way for the iSquare Mall + Hotel, as the project is called, to move forward. The creation of Orlando developer Abdul Mathin, the project includes a 729-room hotel,
The new Twin Cities Premium Outlets in Minnesota is set to open its doors with 100 retailers. The outlet will help revitalize the Cedar Grove submarket; new upscale multifamily and hotel developments are already underway. Read the Star Tribune story here
Cabela’s launched 20 years ago as an outdoor-sports retailer with stores averaging 125,000 to 250,000 square feet. The company since has began rethinking its size format and has since introduced several scaled-down stores that range from 40,000 to 125,000 square feet. The company is also
Target Canada cited complex distribution processes and the company’s haste in opening 124 stores in 2013 as the reason the U.S. retailer made a disappointing start north of the border. The retailer is mapping a turnaround plan that includes inventory reporting and more frequent deliveries to keep
Juniors fashion retailer Wet Seal closed its Arden B stores and has turned 31 of them into Wet Seal Plus locations. The new stores will sell a collection of plus-size fashions in sizes ranging from 14 to 24. Read the Orange County Business Journal story
U.S. department store chains including Macy’s, J.C. Penney and Nordstrom are proving the naysayers wrong, with revitalized models that are engaging consumers and spurring sales growth. Upscale brands are finding reasons to appreciate department stores, where shoppers can easily compare and contrast brands, products and
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