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November 4, 2021

Puma's New HQ Embodies Sports Brand's 'Forever Faster' Mantra

Global sports apparel and footwear brand Puma is applying its “Forever Faster” mantra at its new North American headquarters in Somerville’s Assembly Row.

Puma's New HQ Embodies Sports Brand's 'Forever Faster' Mantra

The 150K SF space, spread across five floors at 455 Grand Union Blvd., doesn’t have traditional offices, giving Puma’s basketball, running, sales and marketing teams quick and easy access to each other on a contemporary open floor plan. “I look at the business as kind of a relay race,” Puma North…

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Wu Wins Boston Mayoral Race, Pledging Progressive Changes That Could Trigger CRE Shock Waves

Michelle Wu will take the reins of Boston in two weeks after cruising to victory in Tuesday’s mayoral election, pledging to usher in a progressive platform that will be felt across the commercial real estate landscape.

The 36-year-old is the first woman and the first person of color to be elected Boston mayor. Wu, a Boston City Councilor At-Large, defeated Boston City Councilor At-Large Annissa Essaibi George, who ran on a more moderate platform, by a 63% to 34% margin. Wu will take acting Mayor Kim Janey’s seat on Nov. 16.

Wu Wins Boston Mayoral Race, Pledging Progressive Changes That Could Trigger CRE Shock Waves

“We’re ready to be a Boston where all can afford to stay and thrive,” she said Tuesday night in a victory speech.Wu, a Roslindale resident and city councilor since 2013, advocates abolishing the Boston Planning and Development Agency and rent control for Boston’s sky-high rents, among…

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IQHQ Buys Historic Kenmore Hotel In Latest Neighborhood Lab Play

IQHQ Buys Historic Kenmore Hotel In Latest Neighborhood Lab Play

Life sciences REIT IQHQ is acquiring The Hotel Buckminster in Kenmore Square, adding a historic property to its growing Fenway portfolio of lab projects.The hotel, which closed in March 2020, sits at the intersection of Brookline Avenue and Beacon Street near several other IQHQ-owned properties.…

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Multifamily Giants Outperforming 2021 Expectations, Sitting Pretty Heading Into 2022

This year has gone better for multifamily real estate than virtually anyone predicted when the coronavirus pandemic began, including the heads of the sector’s biggest companies.

Six of the largest multifamily REITs to have released their earnings reports for the third quarter all reported outperforming their year-to-date performance guidance, including Mid-America Apartment Communities, AvalonBay Communities, Equity Residential, Essex Property Trust, UDR and Camden Property Trust. With rents increasing at a dramatic pace and capital availability at historic levels, the biggest landlords in the country are riding high.

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CRE Talent Crunch Has Meant Higher Pay And Better Benefits

CRE Talent Crunch Has Meant Higher Pay And Better Benefits  

The tumultuous last 18 months in commercial real estate has, like so many other industries, empowered workers during a talent shortage, pushing CRE firms to ramp up compensation and benefits in response.

“There's a real war for talent, and it's impacting the things we do," CBRE CEO Bob Sulentic said during an earnings call last week.

Many of the forces at play in the larger labor market, including pandemic-era burnout, the worker shortages and the so-called Great Resignation, have impacted CRE and the market for specific roles within the industry.  “There’s a push for a culture revolution within companies,” said Building Careers President Carly Glova, who…

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