Word: hre
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...tenant activist summed it up best in this comment on Harvard's real estate actions in the Square: "HRE has an attitude of the less said, the less known, the better." That's not the proper philosophy for Cambridge's number one corporate citizen...
EXPECTED USE: Harvard is expected to keep the current tenants in the building, although some Pudding officers say that within five years the club may be renting ground floor space to non-University commercial tenants in order to pay HRE's fees...
...this election year, the anti-Harvard rhetoric directed at Harvard Real Estate (HRE), Inc., is minimal at best, despite the fact that the property sales continue at a steady pace. Since the 1985 election for instance, HRE has sold another seven small buildings, bringing the total number put on the auction block under the four-year old program...
Since the fall of 1983, HRE--the internal company which manages Harvard's properties--has been quietly divesting its small building stock in Cambridge with the intention of selling off about 30 buildings "not necessary to longterm needs." Some of the buildings are rent-controlled, some...
When a vacancy occurs in a small, wooden house owned by the University, for instance, HRE has offered Harvard faculty members first crack at purchasing the property. If no professor makes a bid after four weeks of notification, the house is offered to tenants and then placed on the open market. So far, of the 17 sold, no more than 50 percent have gone to faculty members--and some of those have been resold already...