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.
Cub Foods, a SUPERVALU banner, will open its first small-format grocery in downtown Minneapolis as part of a residential complex in spring 2019. Despite being about half the size of a conventional store, the Cub location will feature a deli area with ready-to-eat meals and
A proposed land swap in Michigan could lead to a $533 million criminal justice center east of Midtown Detroit, along with a $1 billion mixed-use development downtown. Read The Detroit News story here
Club Med plans to open five new resorts per year over the next five years as well as execute major renovations to five current resorts per year. Read the Travel Weekly story here
Research by Foursquare shows shopping centers that serve high-income and low-income consumers are growing, while traditional enclosed malls struggle to bring in shoppers. High-end properties provide more experiences and food courts while low-end properties offer the cost-savings buyers desire. Read the Yahoo story here
Trustees at Kent State University in Ohio approved a $1 billion-plus expansion and renovation, and the $221 million first phase will include a new College of Business Administration building. Four developers have submitted proposals for the project, which will rely on donations and public-private partnerships.
Switzerland-based Spice Private Equity will acquire Ohio-based Bravo Brio Restaurant Group for $4.05 a share or about $100 million, the companies said Thursday. Bravo Brio operates 110 Bravo Cucina Italiana and Brio Tuscan Grille restaurants in 32 states. Read The Business Journals story here
EDENS has sold the 129,851-square-foot Asheville Market in North Carolina to Zapolski Real Estate for $33 million. The property features a Whole Foods anchor. Read the Commercial Property Executive story here
InterContinental Hotels Group, which operates the Crowne Plaza and Holiday Inn brands among others, said it was looking to buy one or two small luxury brands and launch a new franchised upmarket brand. Read the Reuters story here
The Carlson Rezidor Hotel Group has officially rebranded to become Radisson Hotel Group. The company announced an update to its loyalty program and the rebranding of its Quorvus Collection to become the Radisson Collection. Read the Hotels Magazine online story here
Marriott International plans to add more than 40 European hotels to its Moxy line over the next three years. Germany, Scandinavia and the UK will grow their inventories, while new forays are made into France, Portugal and The Netherlands. Read the Hotel Management online story
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