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.
Construction crews have broken ground on a new 74-room, three-story Marriott Fairfield Inn and Suites hotel on Main Street in Hailey. The $7.5 million project is scheduled for completion in the fall of 2020. Read the Idaho Mountain Express and Guide story here
Huazhu, the hotel operator based in China and listed in New York, announced it is buying Frankfurt-based hotel company Deutsche Hospitality for about $781 million in cash. Deutsche runs nearly 150 hotels in 20 countries while Huazhu’s portfolio exceeds 5,000 properties. Read the Reuters story
The Pittsburgh city government, the Pirates, the Steelers and Continental Real Estate Companies have settled on a North Shore development plan that features a concert venue, parking garage, green space and an eight-story high-rise building with residences, offices and retail space. Read the GlobeSt story
AC Marriott hotel is Marin County’s first major hotel to be built in two decades. The 140-room hotel will be located in downtown on the corner of Fifth Avenue and B Street, in the county’s nexus, according to GlobeSt.
A new hotel is part of a $100 million expansion planned by a Cincinnati-area racino. Miami Valley Gaming & Racing, which opened in 2013, proposes adding as many as 250 gaming machines and more than 10,000 square feet of gaming space along with 194 hotel
Seven years after developer Rod Heller began buying property in historic downtown Franklin, he’s finally on the cusp of opening a $105 million mixed-use development. Read The Business Journals story here
Construction employment increased by 10,000 jobs in October and by 148,000, or 2.0 percent, over the past 12 months, while construction spending decreased by 2.0 percent from September 2018 to September 2019, according to an analysis of new government data by the Associated General Contractors
Knoebel Construction has completed construction of new veterinary hospitals built within existing Petco locations in St. Peters, Missouri; Omaha, Nebraska and Manhattan, Kansas. Knoebel also has been selected to add veterinary hospitals within three additional Petco stores in the Las Vegas area. Each 1,500 to
The recent opening of downtown Walla Walla hotel The FINCH made it easy to see how owners have embraced a bird theme in the names of their lodging properties. Read the Walla Walla Union-Bulletin story here
The landmark St. Regis New York has been sold by Marriott International to the Qatar sovereign wealth fund for $310 million. The luxury hotel opened by John Jacob Astor IV in 1904 enhances a growing US and international portfolio for the Qatar Investment Authority. Read
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