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.
Hogback Development Co. plans to build a second hotel at the Rainier Square development in Yakima. The Yakima-based company is in the pre-development phase for a 83-room hotel that would be west of and perpendicular to the Home2 Suites by Hilton Yakima Airport hotel. Read
Online shopping has hit malls particularly hard, with retailers announcing 8,558 store closures this year, according to Coresight Research. Studies have estimated that one in four malls is likely to close by 2022 if they don’t adapt to changing demands. Read The Washington Times story
The largest tourism investment project in Arkansas has partially opened nearly a year after voters approved casino legalization, bringing thousands of jobs to Pine Bluff. Read the San Antonio Express-News story here
The Cheesecake Factory has completed its purchase of Fox Restaurant Concepts. The deal calls for the companies to remain separate entities, with Fox innovating new concepts and Cheesecake Factory taking over and scaling the ventures with the best potential for growth. Read the Restaurant Business
A group led by a serial restaurateur has revamped plans for the boutique Gulch hotel it wants to build—going as far as moving it to a site where one of those restaurants now operates. Read The Business Journals story here
Dick’s Sporting Goods will sell eight of its 35 Field & Stream stores to Sportsman’s Warehouse Holdings, in a deal valued at $28 million, the companies said. The sale is part of a larger review of the retailer’s hunting business, which has slowed as Dick’s
JMJ Development has secured financing for the purchase of an approximately 2.5-acre site in Dallas that will become home to a 548,800-square-foot luxury mixed-use destination. Madison Realty Capital provided the developer with a $32.5 million acquisition loan. Read the Commercial Property Executive story here
Anthropologie has expanded into France with the opening of two stores in Paris, as part of the retailer’s effort to speed its growth in Europe, according to Women’s Wear Daily. The company opened its first European store in London about 10 years ago and today
Just in time for Balloon Fiesta visitors, Homewood Suites by Hilton Albuquerque Journal Center is unveiling its renovation and expansion. Read The Business Journals story here
Forever 21′s bankruptcy filing highlights some issues specific to the retailer, analysts say, including its larger-sized stores. The fast-fashion retailer’s model has focused more on price than style trends, and growing resale and rental options are competing for deal seekers. Read the Glossy story here
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