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.
Sprouts Farmers Market might add more than 1,200 stores over the next 15 years, thanks to the natural foods retailer’s “broad appeal.” The chain could reach as many as 1,500 stores, he said, expanding through new-build stores rather than acquisitions. Sprouts expects to end 2014
Coach will close 70 stores and broaden its presence in its 12 strongest North American markets, as part of a turnaround plan the luxury brand will implement over the next 18 months. The retailer will also debut new ad campaigns and products in a push
Loews Hotels & Resorts will continue to hunt aggressively for properties to buy, but now will augment that approach with a push toward new development. In the past, acquisitions accounted for up to 90 percent of the company’s deals, but expects that to drop to
Exclusively brick-and-mortar home decor chain At Home has opened a new store in Peoria, Ariz., as part of a $5 million plan to further expand in the area. The stores, owned by Garden Ridge, also are slated to open in Tempe and Mesa. Read the
A 148-room luxury hotel is coming to Montclair, N.J., one of the Marriott Autograph Collection properties and the area’s first full-service hotel. The MC will cost $35 million to build and will open in early 2016. Read The Star-Ledger story here
Japanese fashion retailer Uniqlo will increase its U.S. store count from fewer than 10 to 40 by the end of the year, and aims to grow to 200 locations in America by 2020. The brand, which has been making a name for itself on the
Liberty Group has acquired five Intercontinental Hotels Group (IHG) hotels throughout the Southeastern United States. Since 2010, Liberty Group has acquired 27 hotels directly from special servicers/lenders, while adhering to its disciplined strategy of acquiring well located, under-performing assets at a significantly discounted basis. Each
Tanger Outlets‘s long-awaited groundbreaking of its project in Byron Township, Mich., is scheduled for Aug. 21. The 80-store outlet will open in fall 2015. Read the MLive.com story here l
Blackstone Group is in talks with Clarion Partners to buy 47 hotels for $800 million, a source has said. The select-service, extended-stay hotels are operating under the Residence Inn by Marriott and Homewood Suites by Hilton brands. Read the Bloomberg Businessweek story here
After enduring years of stalled, abandoned construction projects, Las Vegas is back and things are moving fast. Rental complexes are being built as are entertainment venues. And, MGM and AEG are building a $375 million, 20,000-seat sporting events arena. Read the Bloomberg Businessweek story here
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