Document
Harvard reveals secret purchases of 52 acres worth $88m in Allston
[City Edition]
Boston Globe
-
Boston, Mass.
| Author: | Tina Cassidy and Don Aucoin, Globe Staff |
| Date: | Jun 10, 1997 |
| Start Page: | A.1 |
| Section: | METRO/REGION |
| Text Word Count: | 1353 |
Harvard University has bought 52 acres in Allston during the past nine years in a secret buying spree that increases the school's land in Boston by more than a third.
Working through the Beal Cos., a prominent real estate development company, Harvard spent $88 million to buy 14 separate parcels in the area near its Graduate School of Business as they became available.
Harvard officials said the university made the purchases without revealing its identity to the sellers, residents, local politicians, or city officials because property owners would have drastically inflated the prices if they knew Harvard was the buyer.
Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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