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Days after news broke that MIT was spending $90.5 million to purchase four buildings in the Cambridgeport neighborhood, university officials downplayed the acquisition saying that the buildings were routine real estate investments...
...MIT invests in real estate all over the world, and we invest in Cambridge since we’ve had great success in investing in Cambridge over the years,” said John P. McQuaid, an official in the real estate division of the MIT Investment Management Company. “We invest in real estate that we think will make sense to MIT economically...
...occupancy of the buildings is not slated to change, as MIT will continue to rent out the laboratory space to biotech companies...
...MIT currently occupies 185 Albany St., while 195 Albany St. was leased to Shire Pharmaceuticals and subleased to Altus Pharmaceuticals. 148 Sidney St. was leased to Cubist Pharmaceuticals, while 149 Sidney St. was leased to Acceleron Pharmaceuticals...
...someone approached a passerby on the street and offered to trade a red paperclip for his or her house, he would probably be ignored, or laughed at, or punched in the face. But, somehow, such encounters are possible on the Internet—and the Internet came alive at MIT this past Friday and Saturday at the first-ever conference for Internet phenomena: ROFLCon. ROFLCon’s mere existence is worthy of a big fat star on the timeline of cultural history. The Internet meme, which is anything on the web—be it a video...