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.
U.S. companies are reining in business travel because of continued volatility in the global economy, the Global Business Travel Association reports. The trade group forecasts that corporate travel volume this year will decline 2 percent from 2011 levels. Travel spending is expected to rise 2.6
Preferred Hotel Group has announced the addition of four properties. The Mark in New York and The Jefferson Hotel in Washington, along with the Wynn and Encore Las Vegas, will join the group. The company provides its hotels with marketing and sales support. Check out
The major metro areas with the greatest construction job gains in the year that ended in August were Los Angeles, Houston, Phoenix, Fort Worth, Texas, and Portland, Ore., according to an analysis of federal employment data by the Associated General Contractors of America. Some 164
Mid-sized restaurant companies and big chains are finding it easier to borrow, the IPO market for restaurants proved strong this year and consumer spending is on a slow but steady growth path. Read the PizzaMarketplace.com story here.
At Trinity Groves in West Dallas, would-be restaurateurs trade equity in the business for the funds, coaching and business plan they need to get started. In addition to striking the right mix of restaurant tenants, developers aim to be an incubator for restaurant concepts with
Market instability across the globe has made the pop-up hotel segment a viable investment path for some hoteliers, this feature says. In addition, the concept’s customizable format makes it easier for operators to provide a guest experience authentic to the location. Operators are reporting satisfactory
Data released by TravelClick for hotels in North America indicate a year-over-year growth of 4.1 percent in average daily rates for August 2012 through July 2013 as demand in the corporate and leisure segments continue to grow. The group reports that committed occupancy during the
The luxury-hotel segment faces the challenge of meeting the demands of a new, more discerning consumer market as it gradually recovers from the recession, several luxury-hotel executives recently said during a panel at the Lodging Conference in Phoenix. Innovation, unique property design and top-notch service
Shopko is downsizing from its 85,000-100,000-square-foot stores to 35,000-square-foot spaces that fit into smaller communities that have largely been ignored by bigger retail chains. Read the Wisconsin State Journal (Madison) story here.
Firehouse Subs is entering Wisconsin, with locations expected in Brookfield, Wauwatosa, Green Bay and Madison this winter. The Badger Development Group plans to open 42 Firehouse locations across the state over the next nine years, according to company officials. Read the American City Business Journals story
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