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.
Freshii founder Matthew Corrin left a lucrative luxury marketing gig nine years ago to start a quickservice eatery focused on healthy fare. Today, the chain has grown to 110 units in 60 cities, and franchisees are on track to expand the concept to 250 restaurants
The majority of U.S. business travelers — 84 percent — like to do work in their room and most say location, room value and free Wi-Fi drive their choice of hotel, according to a survey by Choice Hotels International. Read the HotelNewsNow.com story here
Tokyo-based Uniqlo has 21 locations in the U.S. and will open a large outlet on Chicago’s “Magnificent Mile,” where competing retailers like H&M and Zara have taken residence. The expansion reflects Uniqlo’s careful strategy to build retail stores in regional clusters that up until now
Roughly $1.34 billion worth of projects are being planned or under construction at the Buffalo Niagara Medical Campus of the University at Buffalo in New York. Among the projects are a $375 million medical school, a $100 million medical office and research building — both
Macerich Co. is investing $106.8 million via a joint venture with Pennsylvania REIT to redevelop the Gallery at Market East in Philadelphia. The 1.4 million-square-foot center is being redesigned with an eye to offering affordable luxury. Read the Philly.com story here
Guitar Center will open a store in New York City’s Times Square, and plans to boost its annual store openings to 15 or 20 for the next few years. In its quest for growth, the retailer is also adding a roster of events and moving
The construction pipeline for new hotels is growing at a steady pace, but operators should not be concerned about market weakness as a result of new openings, according to Lodging Econometrics. Data show there are currently 421,387 rooms at some point in the construction pipeline,
Caesars Entertainment Corp. named separate management for its Caesars Entertainment Operation Co., which paves the way for a spin-off of the division. The operation unit manages 44 casino properties, including Caesars Palace and Caesars Atlantic City. Read the Las Vegas Review-Journal story here
U.S. restaurants added 18,600 jobs last month, capping the creation of almost 1.4 million positions since employment recovery began in March 2010. Overall, the economy added 209,000 new jobs in July, and the unemployment rate edged up to 6.2 percent as more people began to
Nordstrom and Saks are making moves north of the border, with plans to open stores to feed Canadian consumers’ growing demand for high-end fashions, accessories and other luxury goods. Read the Bloomberg Businessweek story here
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