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.
Los Angeles International Airport officials have unveiled their “LAX is happening” campaign to inform passengers of construction-related inconveniences as LAX embarks on a multibillion-dollar overhaul. Road resurfacing, improved lighting and terminal makeovers are some of the projects that will be undertaken as part of the
Hersha Hospitality Trust said it is acquiring the Parrot Key Hotel & Resort in Key West, Fla. The 148-room hotel, which underwent a full renovation in 2012, will remain under management by Northwood Hospitality when the $100 million deal is completed. Read the HotelsMag.com story
NorthStar Realty Finance has entered into a joint venture to acquire Cerberus Capital Management‘s 89.7 percent stake in 47 Innkeepers hotels. The properties, which have a combined 6,100 rooms and are operating primarily under Hilton and Marriott brands, will sell for $958.5 million. Chatham Lodging
Hotel projects coming online in Detroit are helping turn the city’s image around — and encouraging developers to give Detroit a second look, said experts convened at the recent Michigan State University Real Estate Investment Management Advisory Council panel. While Detroit’s problems persist and are
Station Casinos plans to remodel its Green Valley Ranch Resort in Henderson, Nev., for $20 million. The renovations include adding four eateries, a keno lounge and a wedding suite. The resort will also overhaul almost 300 hotel rooms and 33 VIP suites, as well as install
J. Crew is planning to launch a new chain of stores with prices similar to existing outlet shops in an attempt to attract bargain-hunting shoppers, according to a Wall Street Journal story. It is hoped that the new chain, to be called J. Crew Mercantile,
The Habit Burger Grill, a 94-unit better burger chain based in Irvine, Calif., has signed franchisees to expand the brand to Las Vegas and Seattle, and plans to open its first East Coast units in New Jersey this summer. The chain, which saw sales grow
Major retail brands are seeking multiple New York City locations, a boon for boroughs including Brooklyn, the Bronx and Queens as well as Manhattan, according to commercial real estate brokers. Neiman Marcus LastCall, Sephora, Macy’s, J.C. Penney, H&M and Urban Outfitters are among the retailers
Pastry chef Mindy Segal, owner of HotChocolate Restaurant and Dessert Bar, has mastered the art of plated desserts and is turning her talents into a new bakery to open in Chicago this fall. The bakery will feature traditional American goods such as Danishes, sandwich cookies
Fast-casual restaurant sales grew 11 percent last year, led by Chipotle, Panera Bread and Panda Express with growth of 17 percent, 12 percent and 11 percent respectively, according to Technomic’s Top 500 Chain Restaurants report. The growing trend toward fast-casual dining has spurred quickservice chains,
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