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.
South Korea’s Mirae Asset Management has agreed to buy a U.S. luxury hotel portfolio from Anbang Insurance Group for slightly more than $5.8 billion. The Chinese firm paid $5.5 billion to Blackstone Group in 2016 for the portfolio, which includes the Westin St. Francis in
ECU is in active discussions to bring more development into the downtown/Dickinson Avenue areas, the vice chancellor for administration and finance reported during recent Board of Trustees’ committee meetings. Read The Daily Reflector story here
Workout wear retailer Lululemon is in global growth mode with plans to open about 30 stores outside of North America this year. The retailer is taking a local approach as it expands into new markets, with e-commerce sites tailored to each new market and fitness
The investors who bought the Westin Tampa Bay in July are moving forward with a large-scale renovation of the property—one that will convert underutilized parking garage space to hotel rooms. Read The Business Journals story here
Evergreens, a Seattle-based salad concept with 18 units, has acquired a similar concept based in Portland, Oregon, called Garden Bar for an undisclosed amount. Garden Bar’s nine restaurants will change their name to Garden Bar by Evergreens. Read the Restaurant Hospitality online story here
San Diego’s vibrant Little Italy neighborhood is a constantly evolving place that in recent years has seen an endless stream of exciting new restaurant openings, neighborhood improvement projects and the launch of trendy retail and residential spaces. Read the TravelPulse story here
The Jewel of Waikiki, the ultra-luxury hotel that made national headlines for its $5,000 nightly price, opened over the weekend following a $50 million renovation. Read The Business Journals story here
Noodles & Company based its turnaround strategy on existing strengths instead of trying to reinvent itself from scratch. The fast-casual chain has also boosted employee retention by tweaking perks and benefits to appeal to millennials and Generation Z. Read the QSR magazine story here
The New York-based Life House brand will debut North Denver’s first boutique hotel by early next year. Read The Denver Post story here
Louisiana-based fast-casual The Salad Station is expanding in the Houston market, with plans to install 100 salad-making vending machines in addition to opening traditional restaurants over the next few years. Read the Houston Chronicle story here
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