Word: mckinnon
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...first spadeful of earth had been turned. The market was driven by speculators, interested only in trading - or "flipping" - incomplete units, which often sold for more than completed buildings, and might get flipped 10 times before construction finished. "You can't believe how crazy this was," says Robert McKinnon, head of real estate research at Al Mal Capital, a local investment firm. "Everyone knew it was like a game of musical chairs. When prices were going up and there was liquidity, you could get three offers by the end of the day. But when prices went down, liquidity dried...
When the bottom finally fell out, many investors found themselves holding properties they didn't want or couldn't afford. Others found themselves with nothing at all. Only 70% of the off-plan projects will end up being built, according to McKinnon. More than half of all developers have simply shut up shop or been delisted by real estate regulators; more reputable developers are consolidating projects and offering investors in canceled developments ownership in different locations...
Move aside trayless dining, looks like Harvard’s onto a more convenient way to save the environment. Katharine (“Katie”) S. Walter ’10 and Karen A. McKinnon ’10, co-chairs of Harvard’s Environmental Action Committee (EAC), have enabled students to expend their eco-friendly energy in a much easier way. In fact, it’s as simple as riding a bike—a bike that’s made entirely out of salvaged and recycled parts, that is. The EAC launched the VeriFast...
...transportation. Known as VeriFast Bicycles, the new program will station four bicycles each at Mather and Cabot Houses, and will allow students to check the bikes out—along with helmets, locks, and lights—from the superintendent’s office in each house, said Karen McKinnon ‘10, the chair of the Environmental Action Committee. The new program will launch April 25 at the Environmental Action Committee’s Earth Day festivities, where students will be able to see the new bikes and sign waivers to participate in the bike sharing. The program...
...Kevin F. Jones ’09, the current president of the mountaineering club, said that the idea to host Arnold came from club member Eliza A. Lehner ’11, who wrote a paper on his exhibition for a class. Karen A. McKinnon ’10, the EAC president, said that they immediately agreed to co-host the event. “Such visuals usually have a great impact on those who are outdoors-y and love the environment,” she said. Arnold, Harvard’s first Visual and Environmental Studies concentrator, started...