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.
Perkins & Marie Callender‘s Holding filed for Chapter 11 bankruptcy protection following its shuttering of 29 restaurants, with plans to sell nearly all of its assets. The company operates about 400 eateries in North America under the Marie Callender’s and Perkins banners. Read the USA
CVS Health will open 100 new stores this year, about one-third the number it typically opens annually, and next year it will cut the number further to around 50 new locations. The retailer will turn its focus to remodeling existing stores to create 1,500 HealthHUBs
Charlotte-based Beacon Partners plans to start construction this month on a project that will bring an office tower and apartments to the home of a popular barbecue restaurant near South End. Read The Charlotte Observer story here
White Lodging and REI Real Estate Services, both based in Indiana, have teamed to buy the Marriott Plaza Hotel in downtown San Antonio. Read The Business Journals story here
Giant Eagle has leased space for a 23,000-square-foot technology hub in Lawrenceville, Pennsylvania. The center is expected to open early next year and will support the grocer’s digital initiatives, including its click-and-collect program, scan-and-pay in-store shopping system and mobile app. Read the Pittsburgh Post-Gazette story
Japanese discount retailer Daiso has 78 U.S. locations, most of them on the West Coast, and it’s growing in the Northeast with the opening of its second store in the New York City area. The stores compete with dollar stores, with almost all of its
A Dallas hotel is teaming up with a sports entertainment company to offer its guests a new gaming experience. Read The Dallas Morning News story here
A South Korean hotel operator has taken a significant step in its push to open a big new hotel in north San Jose by purchasing the land it needs to build the new lodging, which would be part of an entertainment district that’s planned for
Barneys New York has filed for Chapter 11 bankruptcy protection, with plans to shutter all but seven of its 22 stores. The retailer has secured $75 million in financing to operate during reorganization, and its nine-floor Madison Avenue flagship in New York City is one
Microsoft‘s planned acquisition of PromoteIQ is the tech company’s latest move to expand its retail partnerships and compete with Amazon. PromoteIQ, a marketing tech platform, counts Kohl’s, Office Depot and Overstock.com among its retail clients. Read the Modern Retail story here
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