Harvard Management Company sold its majority stake in a portfolio of properties scattered around New York City to Blackstone Group for nearly $244 million.
Harvard Management Company will outsource its real estate management team to Boston-based private equity firm Bain Capital.
Residents of the complex, many of them graduate students and professors, describe seemingly endless piles of dust, deafening jackhammering, and occasional water leakage.
Councillors and Cantabrigians talked affordable housing, light pollution, and bunnies at the City Council's meeting Monday.
The real estate deal could fetch more than $100 million and reshape the face of Harvard Square.
Although it is difficult to determine the structure of private corporations like Kushner Companies, mortgage documents obtained by The Crimson indicate that Jared Kushner was vice president of 10 corporations as an undergrad, each of which operated as a part of Kushner Companies.
Cambridge city officials are pushing the owners of the long-vacant Harvard Square Theater to come up with a plan for its future soon—and threatening to seize the site if they do not.
Experts say that if the real estate team continues to do business with Harvard Management Company as an external management unit, it could earn salaries well above what members of the team drew in at HMC for doing mostly the same job.
Rent for apartments owned by Harvard University Housing will increase an average of 3 percent in the 2017-2018 school year, drawing criticism from some graduate students who live in the apartments.
Two longtime task force members offered their resignations and Allston residents heard the first details about the new Trader Joe’s slated to open on Western Ave. next year in an action-packed meeting of the Harvard-Allston Task Force on Monday night.
At its Monday meeting, the Cambridge City Council tackled issues ranging from the affordable housing crisis, to a potential medical marijuana dispensary, and prescription drugs disposal.