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.
Omni Hotels & Resorts has acquired the Montelucia Resort & Spa in Paradise Valley, Ariz., for an undisclosed amount. The luxury property is set to be rebranded as the Omni Scottsdale Resort & Spa at Montelucia. Read The Arizona Republic story here.
REI CEO Jerry Stritzke’s strategy for fighting off growing competition from a range of retailers that includes Amazon, Cabela’s and Nordstrom may include testing new retail concepts and opening more flagships similar to its stores in Seattle and Denver. Read The Seattle Times story here.
Sonic Drive-In is coming to the Buffalo Niagara region. The nation’s largest chain of drive-in restaurants plans to open eight new restaurants in Erie and Niagara counties, with the first expected to begin serving customers in the spring of 2015. Read The Buffalo News story
Marriott International has unveiled a new purpose-driven meetings concept, “Meetings Imagined.” Through an online platform, the new concept assists meeting planners in creating a meaningful and engaging experience for meeting attendees. The concept will begin testing at five Marriott properties in the United States and
Starwood Hotels & Resorts opened 74 new hotels last year and signed 152 new management and franchise agreements, 16 percent more than in 2012. It was the fourth consecutive year of signing growth for Starwood and many of the properties involved are in growing markets
Boston’s former mayor, Thomas Menino, has stepped down, but he left the city bustling with construction activity. More than $6 billion in construction projects are underway, including “a towering, multibuilding redevelopment of the Government Center Garage, a cluster of massive buildings in front of the
Inland Real Estate Income Trust has purchased a 159,258-square-foot retail center in Olive Branch, Miss., which is close to the Memphis, Tenn., market. The property, Wedgewood Commons Shopping Center, traded for $33.9 million. The fully leased center consists of four buildings, and an additional 10,838
Travelodge is looking to refresh its image through a brand relaunch under new CEO Peter Gowers. Travelodge also plans to spend more than $16.4 million on a new TV advertising campaign. The budget chain is undergoing a systemwide property refurbishing that is expected to conclude
Total construction spending is expected to rise by 10 percent this year despite a slight decline in public construction, according to the Associated General Contractors of America. More projects are expected to open up for bidding than the industry has seen since 2009, with construction
The Puget Sound area in Washington, where Boeing has been a large presence, will soon see another facility that will be used to fabricate the composite plastic wings of the companies 777X aircraft. An investment of about $4 billion will be made to construct the
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