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

Current Issue

Jessica Fougner, director of design, and Akira Bryson, director of construction, give us the lowdown on Flywheel Sports' commitment to new technologies and sustainable construction practices. Read their story in our November/December 2015 issue.

http://ccr-mag.epubxp.com/i/614058-nov-dec-2015

Today in the news

Sears to close unprofitable stores sooner than expected
posted on Feb 11 16

Sears expects to accelerate the closing of unprofitable stores, including but not limited to roughly 50 stores, after a disappointing holiday season that saw same-store sales declines of 6.9% at namesake stores and 7.2% at Kmart stores. Read the The New York Times/The Associated Press story here

Posted by: Mike Pallerino
categories:
Class A shopping centers doing well
posted on Feb 11 16

Luxury, Class A shopping centers continue to do well. The company changed the orientation of its planned Miami enclosed shopping center to street retail, a decision executives says was made because of the cost and “overall competitive context.” See the CNBC video here

Posted by: Mike Pallerino
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Pivot division takes Davidson into lifestyle arena
posted on Feb 10 16

Davidson Hotels & Resorts calls its new Pivot lifestyle division an opportunity to give creativity free play in individual properties. The division was launched with properties in San Francisco; Coral Gables, Fla., and Eugene, Ore. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Dream group to oversee 4 brands of former Hampshire
posted on Feb 10 16

The newly named Dream Hotel Group will focus on four brands of the former Hampshire Hotels Management and its Debut Hotel Group. Debut is history only a year after being created to manage Hampshire’s five lifestyle hotels. The Dream Hotels, Time Hotels, Unscripted Hotels and Chatwal brands will continue, while three brands will be dropped. Read the HotelNewsNow.com story here

Posted by: Mike Pallerino
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Hersha sells stake in 7 Manhattan hotels for $571.4M
posted on Feb 09 16

Hersha Hospitality Trust is selling a 70% stake in seven of its Manhattan hotels to Chinese investment firm Cindat Capital Management for $571.4 million. Hersha will use some of the $300 million in proceeds from the transaction to acquire assets including The Ritz-Carlton Georgetown and Hilton Garden Inn on M Street, both in Washington, D.C. Read the Bloomberg story here

Posted by: Mike Pallerino
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