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.
North Dakota’s first hotel under Starwood Hotels & Resorts’ extended-stay Element brand will open in late 2015. Read the Travel Weekly story here.
Economists and former policymakers are predicting that the pace of U.S. economic growth will pick up this year. Martin Feldstein, a Harvard University professor and a Council of Economic Advisers chairman under President Ronald Reagan, expects 2014 to be a better year. “There is no
Marriott International has agreed to open a 1,000-room hotel in development in Houston under the Marriott brand. Construction on the Marriott Marquis is scheduled to begin next year, and the hotel is expected to open in 2016 near the Houston Convention Center. Read the Travel
McGraw Hill Construction reports that regions such as central Florida and north Texas are seeing increased construction activity and job growth. Central Florida’s commercial and residential permits surged 47 percent in the first 11 months of last year compared with 2012, jumping from $2.9 billion
In a 5-2 vote, the Maryland Video Lottery Facility Location Commission awarded the state’s final casino license to MGM Resorts International, which has proposed a $925 million casino at National Harbor, south of Washington, D.C. The Las Vegas-based company went up against Greenwood Racing and
Higher education institutions in New York City spent about $4.2 billion on campus additions over the last five years, according to estimates from the New York Building Congress. And, in the next five years, it’s likely they will spend about $10 billion more, adding millions
Data firms Lodging Econometrics, PricewaterhouseCoopers and STR all forecast strong performance numbers for hotels this year as the industry emerged from a 2013 rife with government-related setbacks, such as the partial government shutdown and cutbacks on government travel. The $2.35 billion initial public offering filed
The Revel Casino in Atlantic City, N.J., could be acquired by Hard Rock International, sources say. The 1,399-room Revel emerged from Chapter 11 bankruptcy earlier in the year. Hard Rock, based in Orlando, Fla., has been looking to establish a casino in Atlantic City for
Mortenson Development, the firm that built Des Moines’ most iconic skyscraper, will lead the construction of a proposed 450-room convention hotel near the Iowa Events Center. Read The Des Moines Register story here.
Lancaster, Pa.-based pretzel chain Auntie Anne’s will continue its aggressive international growth strategy this year, adding Brazil, Chile, South Africa, Cambodia, Laos, Myanmar and China to its list of global markets. At the start of the new year, 400 of the chain’s existing 1,450 units
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