Author Archives: Mike Pallerino

Minneapolis ordinance will bar new drive-thrus

Minneapolis’ City Council voted earlier this month to prohibit construction of new drive-thru lanes as part of the city’s goal to reduce vehicle noise levels and cut greenhouse gas emissions by 80% over the next three decades. The measure doesn’t …

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Starwood Capital pays $161M for 2 Scottsdale, Ariz., Marriotts

Two Marriott-branded hotels in Scottsdale have sold for a combined of $161 million. Both hotels were sold by Bethesda, Maryland-based Host Hotels & Resorts Inc. to Greenwich, Connecticut-based private equity firm Starwood Capital Group. Read The Business Journals story here

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Walmart’s Midwestern remodeling includes restoration, new amenities

Immel Construction has been partnering with Walmart since 1988 when Immel constructed their first Walmart store. Now, through 2019, the company has completed over 280 projects in 11 states for Walmart. Immel Construction is currently remodeling Walmart stores in Shawano …

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Survey says: Construction employment up in July

Forty states added construction jobs between July 2018 and July 2019, while construction employment increased in 25 states from June to July, according to a recent analysis by the Associated General Contractors of America of Labor Department data. Association officials …

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Walmart surpasses other retailers in online grocery

Walmart boasted 62% more online grocery customers in June than Instacart, which is its closest competitor. By the end of the year, the retailer plans to offer grocery pickup at 3,100 stores and same-day delivery at 1,600 stores while also …

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Thompson Toronto up for conversion to 1 Hotel

Starwood Capital Group plans to open a new 1 Hotel in Toronto. The property will be the brand’s first in Canada. Read the Frequent Business Traveler story here

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Malls look to find new uses for vacancies left by Sears

Southlake Mall in Indiana is one of many malls scrambling to fill the space left behind by Sears as stores close across the country. Greenwood Park Mall has tore down spaces taken up by traditional anchors in favor of lifestyle …

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Why restaurants look to California for design ideas

A number of restaurants from Atlanta to Paris boast designs inspired by California’s natural beauty and architectural styles. Restaurateurs are putting their own stamps on the style, which often features clean lines, light natural woods and muted palettes aimed at …

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Energy reduction helps retail complex save big

Anchored by notable retailers Loblaws, Home Depot and LCBO, College Square is a retail complex spanning 389,244 square feet. The shopping destination has been serving a busy area near Algonquin College, in Ottawa, Ontario since 2003.

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Finding the right financing

In a world where the options of working with a capital funding firm are many, it is important to make sure that your company is vetting appropriate partners for your business needs. In order to do this, it’s imperative that …

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