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 Greenville, S.C., County Council has approved a $1 billion mixed-use project. Construction is expected to take 10 years, and the development will have hotel, retail, office and residential space, as well as a government building. Read the Construction Dive story here
Downtown Dallas retailer Forty Five Ten is redeveloping its first floor and adding space for its sibling concept Tenoversix. Both upscale retailers are owned by Headington Cos., which has been spearheading a downtown revitalization for the past decade. Read The Dallas Morning News story here
Las Vegas’ retail market remains strong, with $10 billion in commercial real estate projects under construction. The area is on an upward trajectory due to the city’s economics, work force and entertainment venues. Read the CoStar Group story here
Most of the towns in California’s Central Valley boast several independently owned diners that feed locals’ cravings for comfort food and cater to tourists passing through the area. Read The Business Journals/Central Valley story here
Subway makes domestic closing and relocation decisions on a case-by-case basis and it’s focusing major expansion efforts in markets such as China where it sees pent-up demand. The chain will also focus growth efforts on Europe, South Korea, India and Saudi Arabia. Read the Nation’s
Canadian coffee chain Tim Hortons has confirmed it will open its first Northern Ireland store, with more to follow later this year. Tim Hortons will open on Belfast’s Fountain Street, confirming the first of “a number of locations” due to open in the north this
IKEA has signed a deal with Chile-based retailer Falabella to start opening stores in South America as part of its push to expand into new markets, the Sweden-based furniture retailer said. It plans to open nine or more locations in Peru, Chile and Colombia over
Marriott International is opening five hotels at retail centers around the United States that are owned by Simon Property Group. Simon has been incorporating hotels into its properties for 15 years, many of which are Marriott-branded, and the REIT plans to increase this activity. Read
Boutique and extended-stay hotels are the fastest-growing lodging segments, according to STR. Boutique hotel supply in the United States grew by 7% last year. Read the Hotel News Now story here
Raffles Hotels & Resorts is making its North American debut with a mixed-use property in Boston featuring 147 hotel rooms and 146 residences. Read the Hotel Management online story here
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page