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.
A portfolio of three Marriott hotels and one Starwood property in Arkansas have been sold to two real-estate investment trusts under The Lightstone Group. The hotels are the Aloft Hotel in Rogers, the Marriott Fairfield Inn in Jonesboro and two Marriott TownePlace Suites in Johnson
The $2.5 billion expansion of the Mall of America in Minnesota will add more stores and restaurants, three or four hotels, an office tower, an “NHL-sized skating rink” and a 7,000-slot, eight-level parking garage. The plans also include a water park of a size and
The average vacancy rate at all U.S. retail properties fell to 10.5 percent in the second quarter from 10.6 percent in the first, and malls hit a four-year low of 8.3 percent during the second quarter, according to a report from research firm Reis. Properties haven’t yet
The Hilton Orrington hotel in Evanston, Ill., has been sold to a joint venture formed by the Dow Hotel Co. and Carlyle Realty Partners VI for an undisclosed amount. Plans to renovate the 269-room property have been unveiled, which will include construction of a new
The Green Retail and Hospitality SmartMarket Report by McGraw Hill Construction found that green projects are on the rise in the lodging industry as more hoteliers recognize how adopting green practices can lower operating costs and improve consumer satisfaction. The report projects that the percentage
Aeropostale will open its first standalone store in Mexico this summer and has signed a deal with Distribuidora Liverpool to debut shops inside Liverpool department stores. The retailer operates 898 stores in the United States and Puerto Rico, with additional stores in Canada and licensed
Pie Five Pizza has awarded 15 additional franchise units to L. Gale Lemerand to expand even further in the Florida market. Pie Five, a subsidiary of Pizza Inn Holdings Inc., initially signed a 10-unit agreement with Lemerand in late-March. The expanded agreement now calls for
The Callen Group plans to build a 305-room hotel near the Jackson Convention Complex in Jackson, Miss. The property is expected to cost $60 million and will include a walkway connecting it to the convention center. Read The Clarion-Ledger story here.
Nike opened an 8,200-square-foot Converse store in San Francisco, the fifth and largest of the brand’s retail locations in the U.S. In addition to branded footwear, apparel and accessories, the stores offer the Converse Customization program that allows shoppers to use in-store iPads to design
Zaxby’s plans to open 18 Utah locations in the next five years under the management of a Nevada-based group. Zaxby’s, which has more than 575 restaurants in 13 mostly southern states, is expanding its brand westward. It will do so in Utah in partnership with
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