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.
The private sector added 157,000 jobs in January — 28,000 of them in the construction sector — according to a recent U.S. Labor Department report. In addition, there was an upward revision in December’s numbers from 155,000 jobs to 196,000. However, the unemployment rate ticked
Belk will invest $140 million to transform up to 15 stores into flagships, remodeling some spaces, enlarging others and infusing them with new premium brands, according to Women’s Wear Daily. The retailer, which also plans to open two new flagships next year, aims to grow
Bob Evans will sell its struggling 145-unit Mimi’s Cafe chain to LeDuff America, in a $50 million deal expected to close within 45 days, the company said Monday. Dallas-based LeDuff America, the U.S. division of France’s Groupe Le Duff, owns chains including Bruegger’s Bagels and
The opening of Smashburger‘s 200th store in its hometown of Denver was also the debut of the chain’s third new look since it launched five years ago. Softer lighting, high-tech menu boards and graphics and art designed to tell local stories are among the key
Concord Hospitality Enterprises wants to triple the growth pace it set in 2012 with 10 new construction projects and six hotel openings this year. Read the GlobeSt.comstory here.
Summit Hotel Properties has reached agreements to acquire five hotel properties in Louisiana for a total of $135 million. The hotels are three Courtyard by Marriott properties, a SpringHill Suites by Marriott and a Residence Inn by Marriott hotel. Read the American City Business Journals
Pebblebrook Hotel Trust announced its acquisition of the Embassy Suites San Diego Bay hotel for $112.5 million. HEI Hotels and Resorts will take over operations of the 337-room property, which is set to undergo a $7 million upgrade in the next two years. Read the
Fresh To Order continues its growth surge with the opening of its seventh unit at the Emory Point Mixed-Use Development, located across from the Centers for Disease Control and nearby Emory University in Atlanta. The new 2,800-square-foot restaurant, which features an additional 500-square-foot outdoor patio,
Developers are looking to begin construction of a 123-room hotel in Toledo, Ohio, by February, as soon as they receive branding approval from Hilton Worldwide. Pending approval, the $25 million project would include a second 100-room hotel under the Holiday Inn brand and a commercial
The mood at the American Lodging Investment Summit was much lighter this year than in years past. According to an ALIS survey, 98 percent of respondents say 2013 will bring revPAR increases. Read the Hotel Interactive story here.
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