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.
PGA TOUR Superstore is ushering in a new experience for golfers in the Houston area when doors open Nov. 12 for its first interactive retail store. The 45,500 square foot location is at the Portofino Shopping Center in the former Sports Authority location at 19075
UK-based fashion retailer Primark will open three new US stores and expand an existing location in Boston as part of a plan to increase its presence in the United States and other international markets, The Wall Street Journal reports. Primark, known for its ultra-low-priced fast-fashion
A new near New York’s Times Square recently broke ground. The 25-story hotel will have 518 keys, two restaurants and a bar. Read the Commercial Property Executive story here
The $250 million sale of New York City’s Hotel Chelsea has been finalized. The landmark property will be redeveloped as a hotel and condominiums by SIR Chelsea LLC, comprising Sean MacPherson, Ira Drukier and Richard Born. Read TheRealDeal.com story here
The first phase of construction of the $1.5 billion Metropica project in Sunrise, Fla., received the green light from the City Commission. The mixed-use project includes retail, residential and office space and two hotels. Read the Sun-Sentinel story here
Albertsons-owned Safeway has sealed a deal to acquire Andronico’s Community Markets, a five-store chain based in San Francisco. The stores will close briefly in December and reopen as Safeway Community Markets. Read the Progressive Grocer story here
Nonfarm payrolls increased by 161,000 in October, below economists’ average expectations, according to today’s data from the Bureau of Labor Statistics. The construction sector gained 11,000 jobs, and the unemployment rate decreased from 5% to 4.9%. Revisions from August and September numbers led to an
The Dodge Momentum Index was down in September but revered course and moved in a positive direction in October. The index, which shows future trends in nonresidential construction, increased 4.1% in October and is up 15.3% year-over-year, according to Wells Fargo Securities. Read the ForConstructionPros.com
Hilliker Corporation, a St. Louis owned and managed commercial real estate company, recently helped a couple buy a property for their dream business. Grateful Pets purchased a nearly 5,000-square-foot property at 1716 S. Broadway in the Soulard area for $400,000. The company features a 1,700-square-foot
The Houston area is leading the US in post-recession retail development activity, according to JLL. Kroger opened its fifth store in the market and expects to spend more than $500 million to grow further in Houston over the next five years, said Kroger executive Mike
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