By some accounts, Crimson Court could approach $425,000 per unit, which if achieved would land in the mid-$20 million range. Weissman tells Real Reporter in acknowledging the assignment launched Tuesday afternoon. “We anticipate there will be a lot of interest in this,” BRA founding principal Jason S. is comprised of two buildings where two-thirds of the rentals are two-bedroom layouts mixed in with 10 studios and 10 one-bedrooms. That is literally true considering 375 Harvard St. “Crimson Court is an irreplaceable asset by every measurable standard,” BRA’s review proclaims of apartments held by the same clan who constructed the 60 low-rise units in 1965 and has “meticulously maintained” the holdings for all 55 of their leasehold seasons, BRA notes in a pitch suggesting the offering is much more than a one-hit wonder. Select Comfort's stock rose 57 cents a share to close Monday at $24.06.By Joe Clements | The Real Reporter | November 18, 2020ĬAMBRIDGE - Clover is never mentioned, but marketing materials from exclusive sales agent Boston Realty Advisors are singing the praises for Crimson Court in predicting the “generational” low-rise apartments steps from Harvard Square will be a 1960’s-era smash appealing to a vast audience of admirers. Select Comfort announced last month that nine-month revenue rose 19.7 percent to $999 million, while profits jumped 46 percent to $71 million. Select Comfort is enjoying a bit of a turnaround after two painful years in which sales crept along, but profits dipped. Select Comfort said in a statement: "We took this step to protect our intellectual property and are pleased that the ITC accepted our complaint, but beyond that we do not comment on pending litigation." He declined to comment on the case.Īn administrative law judge will soon begin collecting evidence and holding hearings on the more than 24 claims made by Select Comfort, according to the trade commission. Scott Stenzel, who described himself as a co-owner of Dires LLC said that Sizewise is really the parent company of both Dires, a marketing firm, and American National Manufacturing, which makes beds for Sizewise. None of the firms was immediately available for comment. and Dires LLC, an Orlando, Fla.-based company that also does business as Personal Comfort Bed. The complaint accuses the following firms of possible wrongdoing: Sizewise Rentals LLC in Kansas City, Mo. The initial complaint, which focuses on the violation of two key patents, was filed early last month with additional supplements filed on Oct. in Greenville, S.C., allege that the companies are importing copycats of patented beds and violating section 337 of the Tariff Act of 1930. It is demanding the launch of an investigation and various cease-and-desist orders, ITC officials confirmed late Friday in a public notice. So the Plymouth-based maker of the Sleep Number air beds filed a formal complaint with the International Trade Commission's Office of Unfair Import Investigations against three other companies. Select Comfort has become sick and tired of watching what it says are copycat air beds stream past borders.
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