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.
Brighton Management acquires the 95-room, waterfront hotel from Harbor Hospitality II LLC, the company’s fourth Ventura County hotel acquisition in two years. Read the GlobeSt.com story here
Pebblebrook Hotel Trust announced its acquisition of the Prescott Hotel in San Francisco for $49 million. The company said it plans to renovate and reposition the 160-room hotel between 2015 and 2016. Kimpton Hotels & Restaurants will retain management of the property. Read the Hotel
Los Angeles plans to extend its fifth subway line for a cost of $2.8 billion. The Purple Line would run to Beverly Hills, and work would involve building three new stations along the 4-mile extension. Federal transportation officials will provide $2.1 billion in grants and
The National Institute of Standards and Technology is pressing forward with implementation of “the Joplin recommendations’’ as its highest priority, according to sources. NIST’s study of the Joplin tornado — the most comprehensive study of a tornado ever undertaken — could lead to new standards
Independent bookstores have withstood competition, and this year membership in the American Booksellers Association is up by more than 200 stores since 2009. The number of stores has now reached more than 2,000 for the first time in nine years. Read The Columbus Dispatch (Ohio)/The
Wahlburgers, the restaurant chain founded by celebrities Mark and Donnie Wahlberg and their brother, Paul, will open its first franchise unit this year. CEO Rick Vanzura said the brothers will use their fame to drive traffic, but they’re determined to build a concept that can
Denver-based Noodles & Co. will focus some of its new store expansion in warmer states such as California and Florida, after feeling the pain of a tough winter in the areas where most of its eateries operate. First-quarter same-store sales fell 1.4 percent, the first
The cranes and construction pits that have been a part of Lower Manhattan in New York City for more than 10 years will largely depart next spring, making way for two major retail projects. The World Trade Center retail complex will feature 150 stores ranging
IKEA is planning to install Kansas’ largest rooftop solar array in the fall in Merriam. Pending permits, rooftop panel installation will begin next month. The 92,000-square-foot solar array will consist of a 869.25-kW system, built with 2,850 panels, and will produce approximately 1,348,000 kWh of
Subway has opened 973 new restaurants around the world this year, and the sandwich chain aims to bow a total of 3,000 before the year is up. Subway ended 2013 with more than 40,000 stores worldwide, more than its largest quickservice rivals including McDonald’s, KFC
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