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Your complete design, construction and facility operations information source for major commercial construction.

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Patrick Stringer, senior manager of global store development, shows us how the future of retail continues to evolve for the Under Armour brand. Read their story and much more in our January/February issue.

Today in the news

Starwood places its focus on unit growth in 2015
posted on Mar 31 15

Starwood Hotels & Resorts Worldwide, is accelerate its unit growth worldwide. Company officials said the decision to market three resorts in Fiji is in line with this new initiative, as it could use the proceeds from the sales to fund growth. Starwood also hopes to drive its expansion through the Element brand. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Convenience food demand drives 7-Eleven’s D.C. growth
posted on Mar 31 15

Washington, D.C., is 7-Eleven’s biggest U.S. market for sales of wings, hot dogs, pizza, nachos and other convenience foods, a trend that has the retailer adding more than one new store each month in the nation’s capital. The company added 16 new stores in the D.C. area last year, and there are now 433 open or in the works. Read The Washington Post story here

Posted by: Mike Pallerino
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Burger Grill eyes doubling its store count
posted on Mar 30 15

The 100-unit, California-based Habit Burger Grill saw a double-digit sales bump in the fourth quarter, after Consumer Reports said it had the country’s best-tasting burgers. The chain will open up to 28 company-owned units and five franchise locations this year, with an eye on doubling in size by 2019 and eventually boasting 2,000 restaurants. Read the BurgerBusiness.com story here

Posted by: Mike Pallerino
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Future looks good for U.S. extended-stay hotels
posted on Mar 30 15

The supply and demand growth rates for America’s extended-stay hotels have been increasing steadily over the past three years, and that trend is expected to continue, according to Smith Travel Research. The market for extended-stay hotels reached peak performance in 2014 with occupancy at 74.8 percent. As a result, operators have raised average daily rates. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Office construction beginning to heat up, reports say
posted on Mar 30 15

The office sector is “at the beginning of a new construction cycle, but not necessarily one that will result in excessive supply,” according to a report from Principal Global Investors. The recovery in rents and pricing is driving the activity, it says. Other recent reports note an increase in office construction. According to CBRE, 88.7 million square feet of office space were under construction at the end of 2014. Read the GlobeSt.com story here

Posted by: Mike Pallerino
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