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.
American Realty Capital Properties is selling most of its multitenant retail centers to Blackstone Group affiliates with an eye toward using the proceeds from the $1.98 billion cash transaction to fund its purchase of Red Lobster‘s 500-restaurant portfolio. American Realty had originally planned to spin
Trademark Property Co. is negotiating a partnership with EYC Cos. to redevelop a retail site in Raleigh, N.C., called Crabtree North in what would be a $90 million endeavor. The project would be called Carolina Row at Crabtree and would include more than 125,000 square
Construction of a 221-room Courtyard by Marriott hotel in Anaheim, Calif., has begun, with completion expected in June next year. The property will incorporate Spanish architectural designs to its interior and exterior as well as Gen Next design features including welcome pedestals in place of
As some other retailers look to close brick-and-mortar stores and strike a new balance between physical and digital retail, Japan’s Uniqlo is in growth mode in the U.S., with plans to double its store count to 38 this year and eventually expand to 100 stores
City officials in Los Angeles want to construct a 1,000-room hotel on property it owns that will connect to the convention center. In an effort to attract an NFL team to the city, Anschutz Entertainment has been approached to build a 72,000-seat stadium, with portions
Lennar Commercial Investors, Sterling Organization and Hendon Properties are buying the North DeKalb retail center in Decatur, Ga., for an undisclosed sum, and will turn the enclosed center into an open-air concept. The 622,300-square-foot center, in northeastern Atlanta, is one of the last remaining large
Darden Restaurants will sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion in cash, according to The Wall Street Journal. The deal comes over the objections of activist shareholders Starboard Value and Barington Capital Group, which have been
Kimpton Hotels & Restaurants will open a boutique hotel in Goleta, Calif., through a partnership with real estate firm Makar Properties. The Goodland will be Kimpton’s seventh property in Southern California and include 158 rooms, a restaurant, a bar, a spa and Americana-inspired amenities. Read
A $400 million project that will develop five blocks in downtown Minneapolis near the under-construction Vikings Stadium broke ground. The project involves constructing more than 1 million square feet of space that will be home to offices, commercial endeavors, apartments, a parking garage and an
Louisville, Ky.-based 21c Museum Hotels has won an auction for a downtown Nashville, Tenn., building on the National Register of Historic Places and plans to turn the property into a boutique, luxury hotel. With its winning $6.8 million bid for the 1890s office building, 21c
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