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

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Jim Merkel, president of RB Hotel Development, an affiliate of Rockbridge, shows us how the company is well positioned to continue to be a leading investor in the hospitality game. Read their story and much more in our November/December issue.

Today in the news

$250M mixed-use project planned next to NBA’s Kings’ arena
posted on Dec 19 14

The National Basketball Association‘s Sacramento Kings is getting a new $477 million arena. The team wants to construct a $250 million mixed-use project next to the arena, which would include a 16-story tower with a hotel and condo units, along with retail, office space and restaurants. The team will partner with JMA Ventures on the project. Read The Sacramento Bee story here

Posted by: Mike Pallerino
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Four Seasons Hotels has letters of intent for 50 more properties
posted on Dec 19 14

Four Seasons Hotels & Resorts is entering a period of unprecedented growth and could double its portfolio in the next 20 years. Read The Telegraph story here

Posted by: Mike Pallerino
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IKEA to roll out smaller pickup stores in Canada
posted on Dec 18 14

IKEA will open as many as 10 smaller-format stores in Canada next year. The new 37,000-square-foot stores will be about a tenth of the size of the cavernous spaces IKEA is known for and will largely act as pickup spots for e-commerce orders, the company said. Read the Business in Vancouver story here

Posted by: Mike Pallerino
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IHG to enhance boutique portfolio with purchase of Kimpton Hotels
posted on Dec 17 14

InterContinental Hotels Group plans to strengthen its presence in the boutique hotel segment with a deal to purchase Kimpton Hotels & Restaurants for $430 million. IHG is aiming for international growth for Kimpton, which currently operates 62 hotels in the United States and has 16 properties in development. Read the Bloomberg Businessweek story here

Posted by: Mike Pallerino
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Las Vegas invests in infrastructure for hoped-for $200M stadium
posted on Dec 17 14

Las Vegas officials want to build a $200 million soccer stadium with Findlay Sports & Entertainment and The Cordish Cos. The city has decided to invest $31.5 million in building streets and drainage systems and on environmental soil remediation. However, actual construction will depend on whether Major League Soccer officials give the city a franchise. Read the Las Vegas Review-Journal story here

Posted by: Mike Pallerino
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