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

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Howard Clark, director of retail construction and development of City Sports, shows us why the sporting goods retailer still is the “go to” place for today’s urban athletes and active lifestyle enthusiasts. Read the City Sport’s story and much more in our September/October 2014 issue.

Today in the news

LaHood: ‘Infrastructure’s on life support’
posted on Nov 26 14

Corroded steel, crumbling concrete and lack of investment are hurting the nation’s infrastructure, Steve Kroft contends in this 60 Minutes feature. Former Secretary of Transportation Ray LaHood said, “Our infrastructure’s on life support right now. That’s what we’re on.” Almost 70,000 bridges in the country are structurally deficient, Kroft reports, and some groups are warning that inaction on fixing the infrastructure threatens the country’s economic future. See the CBS News report here

Posted by: Mike Pallerino
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Value Place eyes 15 hotel openings in Chicago
posted on Nov 26 14

Value Place is looking to open 15 new extended-stay properties in Chicago’s metro area over the next five years through a new development contract it signed with Holladay Properties. Work on the first hotel is expected to begin next year. Read the GlobeSt.com story here

Posted by: Mike Pallerino
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Brookfield terminates Revel acquisition
posted on Nov 25 14

Brookfield Asset Management pulled out of a deal to buy the closed Revel Casino Hotel in Atlantic City, N.J., for $110 million, according to the company, reportedly because of failure to reach an agreement on debt restructuring. Meanwhile, Florida developer Glenn Straub, who initially bid on Revel, said he was still interested in the property. Read The Press of Atlantic City story here

Posted by: Mike Pallerino
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STR, Tourism Economics project record hotel demand at year’s end
posted on Nov 25 14

Hotel demand growth will reach a four-year high of 4.5 percent and occupancy will rise 3.7 percent to 64.4 percent, its highest level since 1996, at the end of 2014, according to a new forecast by STR and Tourism Economics. The strong performance is expected to continue into 2015, with 6.2 percent, 5 percent and 1.1 percent growth expected for revenue per available room, average daily rate and occupancy, respectively. Read the HotelsMag.com story here

Posted by: Mike Pallerino
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La Quinta Resort & Club, a Waldorf Astoria Resort, debuts multi-million dollar restoration
posted on Nov 24 14

It’s a new day in the desert as La Quinta Resort & Club, the first resort to debut in Palm Springs, adds another gem to its crown: a multi-million dollar milestone restoration befitting of a legendary classic. Shouldered by the rugged Santa Rosa Mountains and a storied Hollywood past, the iconic 1926 landmark steps up with fresh, contemporary look while retaining the glamour and architectural elements that anchor what has always been an authentic experience. Ready for its close up, the resort-wide renovation encompasses upgrades of all guest casitas, starlight villas and suites as well as a re-imagined pool experience. The ambitious project also infuses the resort’s lush 45 acres with a bevy of additional bougainvillea, roses and citrus trees. Read more here 

Posted by: Mike Pallerino
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