Word: hre
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...most recent skirmishes between HRE and Harvard tenant groups have centered around capital improvements the University is making in its Cambridge rental properties. HRE has passed the cost of these improvements--plus a "fair rate of return" on the investment--along to its tenants...
Turk says the tenants found it impossible to speak with responsible HRE officials about the matter...
Unfortunately for Harvard, that's not the only reason HRE has gained such notoriety among Cantabrigians--it's also noted for the many highly-publicized disagreements between the company and its tenants...
...tenant groups have argued that HRE should shoulder the cost of the work without passing it on to tenants because, in their view, it is Harvard's past negligence that has made the capital expenditures necessary...
David M. Rosen, HRE's spokesman, allows that in some cases the University "could or should have done more to preserve buildings," but adds that, for the most part, the properties have simply deteriorated because of their age. Many of Harvard's properties are as many as 100 years old. Rosen says...