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.
Kroger has agreed to pay $2.4 billion, or $49.38 per share, for Harris Teeter Supermarkets, as the grocery giant aims for expanded presence in the Southeast and the Mid-Atlantic. Harris Teeter, which has 212 stores in eight states and the District of Columbia, will operate
Viceroy Hotel Group continues to strengthen its portfolio with key management deals across the United States, including a landmark property opening in New York that’s expected to raise Viceroy’s status in the luxury-lodging segment. The company also is exploring growth opportunities in key international markets
A favorable exchange rate and an abundance of distressed hotel assets in the United States are encouraging lodging investors in Canada to seek growth opportunities in U.S. markets. Read the HotelNewsNow.com story here.
The Oregon State legislature proposes helping to back a planned 600-room hotel near the Oregon Convention Center with $10 million in lottery bonds. The proposed Hyatt Hotel is expected to be constructed through a partnership with Mortenson Development. Read The Oregonian story here.
Developer Buddy Lindsay plans to build a $25 million oceanfront hotel on Myrtle Beach, S.C. Plans call for the 150-room Residence Inn-SpringHill Suites Oceanfront Resort to open by 2015. Read The Sun News story here.
Thayer Lodging Group has agreed to buy the 336-room Ritz-Carlton San Francisco from Host Hotels & Resorts for about $161 million, according to Bloomberg Businessweek. Thayer Group says it plans to invest up to $17 million in renovations on the property within the next two
American Blue Ribbon Holdings has spent the past 18 months integrating O’Charley’s into its stable of brands, which includes Bakers Square, Max & Erma’s, Ninety Nine and Village Inn, while also undertaking an aggressive revamping of the brand. Read The Tennessean story here.
In Dallas, several major hospital projects are underway, such as the $1.3 billion, 862-bed Parkland Memorial Hospital and the $800 million William P. Clements Jr. University Hospital. In Austin, Texas, health care systems are building smaller facilities, such as the Seaton Healthcare Family‘s $295 million
KFC is advertising for a manager for a new fast-casual test concept in a remodeled store in Louisville, Ky., that’s set to open later this month. The menu at KFC eleven will be a mix of traditional KFC chicken dishes with flatbreads, sandwiches, salads and
RadioShack‘s new concept debuted on New York City’s Upper West Side this week, with more planned for New York, New Jersey and Texas. The consumer electronics retailer aims to revive its stores with a mix of in-demand products from brands including Apple and Samsung and
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