Blog

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been identified, with...

Multifamily Investors Are Getting Used to ‘Normal’
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and more suburban...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been identified, with...

Fit Factory Eyes New England Expansion, Hires Cushman & Wakefield to Assist
Fit Factory, a full-service health club known for its diverse fitness classes, has hired Cushman & Wakefield as it looks to expand with six locations across New England. Fit Factory is looking for spaces ranging in size from 25,000 to 35,000 square feet, with...

CarGurus Leases Office Portion of New Mixed-Use Development in Cambridge
CarGurus, Inc., a Cambridge, MA-based global online automotive marketplace, signed a 15-year lease for the entirety of the office space at a new mixed-use development slated to deliver this summer at 121 First Street in Cambridge. CarGurus, which launched in Cambridge...

Online Automotive Marketplace CarGurus Leases Office Portion of New Mixed-Use Development in Cambridge
CarGurus, Inc., a Cambridge, MA-based global online automotive marketplace, signed a 15-year lease for the entirety of the office space at a new mixed-use development slated to deliver this summer at 121 First Street in Cambridge. CarGurus, which launched in Cambridge...

Speculative Development is a Good Play in Boston’s Urban Core
Aerial of the Class A, 421,320-square-foot office tower at 121 Seaport Blvd. in Boston Just this month, Skanska wrapped up work on its 421,320-square-foot 121 Seaport, perhaps one of the most successful speculative developments in the country. Within the span of only...

Novanta Agrees to Long-Term Extension at Bedford HQ
Novanta, Inc. has signed an extension to remain in the headquarters building the company has occupied for the last decade. Novanta (NASDAQ: NOVT), a supplier of laser products, precision-motion and vision technologies, agreed to renew its 147,371-square-foot lease at...

Related, Rockpoint Launching $2B Investment in Value-Add Multifamily Properties
The Related Group of Miami said Tuesday it’s partnering with Boston-based Rockpoint Group to invest up to $2 billion in value-add multifamily properties over the next several years. The venture will focus on Florida, but also will include properties in Atlanta,...

Free Time and Fun: the New Must-Haves at Apartments
Boston-based National Devlopment uses an engagement manager and a tenant app to arrange events for residents. The new must-have amenity for luxury apartment projects? Time. During this economic growth cycle apartment developers have engaged in a virtual arms race of...
Header Photo Credit: James L. Woodward