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.
Dunkin’ Donuts will open at 10 college campuses across the country. The list of universities that have opened new Dunkin’ Donuts restaurants this summer or plan to open new locations later this fall includes colleges throughout the Northeast, Mid-Atlantic, and Southern United States, including Emory
Teen apparel retailer Rue 21 plans to roll-out a dozen stores in the Long Island, N.Y. area. The value-oriented retail already operates two stores in Nassau and Suffolk Counties. The retailer, which has 800 stores in 46 states, plans to open 120 stores nationally this
Sun Holdings will double to nearly 400 quickservice units this year, including virtually all the Burger Kings in the Orlando-Daytona market and every Arby’s in Dallas. The company also has cornered the Popeyes‘ market in Dallas and acquired 90 percent of the CiCi’s locations in
Nordstrom will reportedly announce plans to open its first stores in Canada, by converting at least three former Sears stores in Vancouver, Calgary and Ottawa. Read the The Seattle Times story here.
Best Buy will put up to 800 retail outlets in the vacant storefronts of strip malls over the next three years to better compete with RadioShack under a new strategy for the big-box retail chain. Read the Bloomberg Businessweek story here.
The cost to build the Atlanta Falcons’ new stadium is expected to rise from $948 million to $1.2 billion, sources said. The increase is attributed to improvements that will be done around the stadium site, such as upgrading roads, sidewalks and other amenities. The football
Microsoft plans to open 32 stores this fall in the United States and Canada, to support holiday sales and promote products including Windows 8 and the Surface tablet, both set to launch next month. Read the PCWorld story here.
Sears was scheduled to complete its spinoff of its 1,100 Hometown and 122 Outlet stores into a separate company, a deal that will give shareholders the rights to buy shares in the new company for $15 per share. The sale is expected to raise about
Hard Rock International has announced the signing of a development agreement for its first Hard Rock hotels in China. The 280-room Hard Rock Hotel Shenzhen and the 250-room Hard Rock Hotel Haikou on Hainan Island are scheduled to open in 2015. Read the Orlando Sentinel
Uncertainties over the global economy and the U.S. presidential election are dampening news of demand growth in the U.S. hotel industry, according to industry leaders and experts. During a recent conference, they said hoteliers must monitor the situation closely as 2013 approaches and prepare a
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