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.
Yotel is following Amazon to Long Island City, N.Y., aiming for a 2020 opening for its second hotel in the city. Inspired by the design of first-class airline travel, Yotel first launched its city hotel concept in Midtown Manhattan, minutes away from Times Square. Read
Construction of a new hotel near the Bradenton Area Convention Center — and possibly a second new hotel—could begin by spring. Read the Bradenton Herald story here
Amazon is considering a London site for its first cashier-less Amazon Go store outside the U.S. The e-commerce company expects to open about 3,000 Amazon Go stores by 2021. Read the RetailGazette.co.uk story here
Luxury hotels have maintained a 74.6% occupancy rate for 2018, beating the hotel sector as a whole. Rates continue to rise at high-end properties, in part because of low competition. Read the National Real Estate Investor online story here
IKEA aims to decrease 80% of greenhouse gas emitted in its production process by 2030 from their 2016 levels. The pledge applies to IKEA’s factories and the majority of its suppliers. Read the Reuters story here
The public authority that owns and operates DeVos Place convention center pushed forward with plans to explore building a 400-room convention hotel in downtown Grand Rapids, citing a study showing demand for downtown lodging. Read the MLive story here
Royal Caribbean and the Port of Galveston, Texas, have outlined the terms of a deal to build a $100 million, 200,000-square-foot terminal for cruises ships, and the agreement is headed to the Galveston Wharves board of trustees for review. The terminal is expected to open
A building at 7th and Race that has been empty for years saw lots of activity as workers prepared for a full renovation. Read the WCPO-TV story here
ESL Investments, the hedge fund controlled by Edward Lampert, has bid $4.6 billion to buy Sears and keep the retailer operating, according to a regulatory filing. The proposal, which would preserve about 50,000 jobs, includes about 500 Sears and Kmart stores and other assets including
Amazon is exploring options for expanding its cashierless Amazon Go store concept to airports, according to public records. The company has opened seven Amazon Go stores since launching the first one in January. Read the Reuters story here
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