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 Dream Hotel Group says there is opportunity for growth in Europe as the company eyes potential deals in Paris, London, Madrid and Rome. The New York-based Dream has 16 hotels in its pipeline, including one in England. Read the Hotel Now story here
Radisson Hotel Group plans to double its growth within five years as it hosted the Americas Business Conference for the first time since rebranding from Carlson Rezidor Hotel Group. While five brands will carry the chain’s expansion in the Americas, the focus will be on refreshing
Marriott International‘s Moxy is expanding its urban, cutting-edge brand in New York City with the upcoming openings of Moxy Downtown and Moxy Chelsea this year. Read the TravelPulse story here
The owner of an increasingly popular Apple store on the Chicago River waterfront has put the 20,000-square-foot store site up for sale, along with 10,000 square feet of office space, for $175 million, The Wall Street Journal reports. Walton Street Capital acquired the property and
A new hotel in downtown Portales has the city and local business owners excited that it will bring more visitors and business. Read the KFDA-TV story here
Independence Mall in Wilmington, N.C., will become Collection at Independence as the developer aims to create exterior entrances for the once-enclosed property. The plans also call for the demolition of an existing Sears location to make room for new construction for new tenants, the addition
The historic Murphy House in downtown Montgomery has been home to the city’s water and sewer board for decades, but that’s about to change. Read the WSFA-TV story here
Amazon has considered acquiring some soon-to-be-empty Toys R Us stores to expand its own brick-and-mortar retail concepts, sources said. The company’s physical retail operations include bookstores, a convenience store concept and the 450 Whole Foods Market locations it acquired last year. Read the Bloomberg story
The price per room at which hotels traded last year dropped 12% to $240,000, according to a report by STR and Hotel Brokers International. STR attributes that to more sales in suburban areas, fewer luxury trades and lower sales in the top 25 markets. Read
Claire’s Stores has filed for Chapter 11 bankruptcy with a plan to cut about $1.9 billion in debt. The girls’ accessories retailer has secured a $135 million commitment for bankruptcy financing from Citigroup. Read the Reuters story here
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