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.
The average retail rent in Phoenix is up over 4% in the third quarter year-over-year, CoStar reports, thanks to the area’s heavy in-migration trends. The area has low costs and plenty of jobs—factors that have helped encourage population growth—and the metro area’s retail construction rate
Designer brands such as Bulgari and Versace are pursuing branded hotels as a way to reach the growing Chinese middle class. Chinese tourists spent $258 billion last year on outbound travel. Read the Skift story here
The Mayo Clinic in Rochester, Minn., is working on a $190 million expansion that will add 11 stories to the Gonda Building. The project will include a hotel and medical space. Read the Minnesota Public Radio story here
Creighton University plans to build a medical school, nursing school and several other health science programs in Arizona as part of a multiphase project. Construction on the 200,000-square-foot, $100 million campus could begin next year, and work is expected to wrap up in 2021. Read
Romano’s Macaroni Grill will pay about $32 million to acquire the 14-unit Sullivan’s Steakhouse chain from Del Frisco’s Restaurant Group. Sullivan’s Steakhouse President Scott Smith will stay with the chain after the deal closes later this month. Read the Nation’s Restaurant News story here
A developer has purchased a former golf course in Lansing, Mich., and is planning to build a $100 million mixed-use development on the 120-acre site. The purchase comes six years after voters agreed to sell the property. Read the National Public Radio story here
Amazon is considering a plan to open up to 3,000 of its cashierless Amazon Go stores by 2021 in cities around the country, according to a Bloomberg report. Among the questions the company is debating is whether they would be convenience stores or focused more
The Metropolitan Atlanta Rapid Transit Authority is looking at modifying its $2.5 billion transit expansion plan, including a potential funding reduction for a light rail line and elimination of a proposed bus line. The money could be redistributed among other projects along Atlanta Beltline, but
A decade after the Great Recession, hoteliers see an industry that has moved beyond recovery to growth mode. Read the Hotel News Now story here
Chick-fil-A offers technology from Kallpod at around 10 restaurants, giving dine-in customers the ability to push a button on the table to order additional food. The button, which also offers options for calling the manager or requesting service, has boosted average order sizes in Houston-area
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