Word: hre
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Harvard Real Estate (HRE), through its developers, Housing Associates, has requested permission to raise rent beyond legal levels to rehabilitate the Craigie Arms apartments. If the board grants the necessary removal permit. Harvard would be the first beneficiary of Cambridge's "distressed building policy," designed to encourage landlords to put deteriorated property back on the housing market...
...Since HRE is one of the wealthiest landowners in the area, opponents of the removal permit believe the company could pay for the renovations without raising rent in the building...
...madame." "Come have a drink with me, madame." "Got a boyfriend, madame?" "Wanna come over, madame?" It would be no more irritating than a construction worker's whistle, except for its frequency. More troublesome would be the men who fell in step with her, getting her attention by touching hre arm, and acting aggrieved when she shrugged them off: "Why won't you talk to me? Why are you running away? You don't even know...
...cosmic tug of war between profitability and morality you suggest. Harvard Real Estate has agreed to sell the building and lease the land on reasonable terms which will allow the proposed renovations to serve a range of income levels. And contrary to the assertion that the "luxury" rents maximize HRE's return, the market mix in fact supports the lower income rents which would not otherwise be achievable in the absence of federal subsidies...
...resident said that the petitioners are considering taking legal action against HRE in hopes of getting an injunction against further construction after the exam period has ended...