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.
Penn National Gaming has entered into a deal with the Jamul Indian Village to build a $360 million casino 20 miles from downtown San Diego that will house 1,700 slot machines and 50 table games. Groundbreaking for the project is expected to take place later
Legoland California in Carlsbad opened the theme park company’s first U.S. hotel. The 250-room Legoland Hotel features adventure-, kingdom- and pirate-themed rooms, a pool and a buffet-style restaurant. Read the San Jose Mercury News story here.
A remodeling project on the Hilton Garden Inn Auburn Riverwatch in Auburn, Maine, has begun under the Project Grow initiative by Hilton Hotels & Resorts. The remodeling will include new interior designs on the hotel’s 7,000-square-foot meetings space and installation of signature Hilton Garden Inn
According to PKF, revPAR will grow this year in each of the 50 markets that it tracks. A Jones Lang LaSalle survey reported that New York City, San Francisco, Hawaii and Boston maintained the lowest targeted cap rates at 6.4 percent, 6.5 percent, 6.9 percent
A proposed mega-project, dubbed Midtown Dallas, aims to redevelop the former Valley View Center area into a mixed-use community of retail and entertainment venues, green space, and residences for as many as 10,000 people. The Texas project could require an investment of as much as
A 32-acre residential and business district is being planned for the waterfront of Vancouver, Wash. The $1.5 billion development will consist of 1.45 million square feet of space for offices and retail, 3,300 housing units and twin access tunnels beneath rail tracks. A new Interstate
Starwood Hotels & Resorts has sold the W New Orleans — French Quarter to Chesapeake Lodging Trust. The sale price amounted to $25.5 million. The property will remain under Starwood’s management and will keep its W branding under a long-term contract held by Starwood. Read
InterContinental Hotels Group will launch Even, a wellness-focused hotel brand. The company plans to open the first Even location this year and expects to establish 100 properties in the United States over the next five years in areas including New York; Washington, D.C.; and San Francisco.
Nonfarm payrolls in March increased by 88,000 jobs — significantly below analysts’ expectations. But January and February numbers were both revised upward. Construction added 18,000 jobs in March. The workforce declined by nearly half a million people, which helped bring the unemployment rate down from
Samsung will launch in-store shops at 1,400 U.S. Best Buy stores this summer. The shops, a move to ramp up rivalry with Apple, will showcase the brand’s range of gadgets including smartphones, tablets and TVs, and will also offer customer support for Samsung products. Read
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