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.
A number of professional sports teams are incorporating mixed-used components in their stadium and arena construction plans or already-built venues. Read the Construction Dive story here
Demolition is underway on a 60-year-old addition to the landmark Yorktown Hotel. The back section of the hotel, once a parking garage and guest rooms, will take months to tear down. Read the WHTM-TV story here
Hyatt Hotels says it plans to acquire Two Roads Hospitality for $480 million. Tommie, Joie de Vivre, Thompson, Alila and Destination are among Two Roads’ brands. Read the Skift story here
Gryffin Construction Corp. is the new general contractor on the $192 million Protogroup hotel-condominium project. Read The Daytona Beach News-Journal story here
A trendy new hotel is opening in Duluth next year, testing the limits of a market already awash in new places to stay. Read the Duluth News Tribune story here
The Graduate Hotels group is seeking to acquire the Inn at USC from the University of South Carolina Development Foundation, growing its stable of boutique hotels in college towns. Read The State story here
The exit of Sears stores would be a positive thing for high-traffic malls while creating new challenges for struggling shopping centers, commercial real estate experts say. Popular malls that negotiated low-priced leases with Sears long ago would now have opportunities to sign new tenants at
Best Western has added the nine properties of Peel Hotels to its inventory of soft brands. The company will continue to operate the hotels, with Best Western added to their names. Read the CatererSearch.com story here
Dual-branding is on the rise in hospitality as developers and operators find it cost-efficient and conducive to diversifying guest experience and building loyalty. A challenge, experts warn, is keeping brand identities distinct. Read the Lodging magazine online story here
Retail properties in Chicago are in demand especially on Michigan Avenue and in Fulton Market. The city’s retail vacancy rate has fallen for four consecutive years and is now at 6.2% as retailers bring in flagship locations to meet the needs of higher-income residents. Read
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