Word: constructionism
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That's one common predicament. A few miles to the east, Bonney pointed out a dusty lot that represented another stage of real estate pain. The bank that financed the purchase of the lot had decided to bite the bullet and take possession of it rather than give the developer...
Industrial properties are just one segment of the commercial market - the others being offices, retail sites, apartment buildings and hotels. But the problems Bonney showed me apply across the board. First, commercial mortgages are about to hit a refinancing wall. Deutsche Bank's Parkus estimates that more than 65% of...
Faust’s December letter to the community did not simply announce a halt in construction on the Science Complex, but also outlined a new three-phase plan for redevelopment in Allston: “property stewardship and community engagement; campus planning and greening; and campus development.?...
“It’s very important to everyone at Harvard that the setback in construction not be interpreted as walking away from Allston,” Spiegelman said. But she also noted that she was “uncertain about when the major redevelopment was going to...
University administrators have halted or slowed other capital projects, most notably Harvard’s campus expansion across the Charles River. But construction on the Northwest Corner Building proved more expensive to halt than to continue, according to statements by former interim Law School Dean Howell E. Jackson last year...