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 Hi-Lo Hotel in Portland, Ore., is on track to open early next year as part of Marriott International’s Autograph Collection. The Hi-Lo will feature 120 rooms catering to “locals, young professionals and business travelers,” according to the company. Read The Business Journals story here
The Lucky Dragon casino recently opened in Las Vegas, earlier than previously planned. The Asian-themed property, which includes a 200-room hotel, features signs in Mandarin and English. Read the VegasInc.com story here
The Wall Street Journal is reporting that The Limited Stores has hired an adviser to help it explore options that could include a restructuring or sale. The 53-year-old fashion retailer, owned by private-equity firm Sun Capital Partners, operates 243 US stores.
The Porter House development in Ocean Springs, Miss., will include a French-inspired boutique hotel. Read The Sun Herald story here
New York City-based investment firm KKR has acquired 33-store Ontario, Calif.-based Hispanic grocer Cardenas Markets, for an undisclosed amount. KKR has also teamed with Chicago’s Victory Park Capital to buy Mi Pueblo, a Southern California grocery chain that also caters to Hispanic shoppers. Read The
Portland, Oregon’s Hi-Lo Hotel is on track to open by year’s end. The property, part of the Autograph Collection, will feature 120 guest rooms. Read the Commercial Property Executive story here
Dig Inn began serving breakfast at its Upper East Side restaurant in New York City after a successful roll-out in Boston, and the company plans to include breakfast in all future New York locations. Read the QSRMagazine.com story here
MOD Pizza raised $42 million in its latest round of investment fundraising after growing by 220% last year. The Seattle-based chain expects to expand its 92 locations to about 195 by the end of the year. Read the Business Insider story here
Dig Inn began serving breakfast at its Upper East Side restaurant in New York City after a successful roll-out in Boston, and the company plans to include breakfast in all future New York locations. Read the QSRMagazine.com story here
Kroger has been converting Copps supermarkets in Wisconsin into Pick ‘n Save stores since it acquired Roundy’s 10 months ago. The rebranded locations feature new layouts and expanded natural, organic and gluten-free offerings. Read the Wisconsin State Journal story here
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