Real Estate Monitor

Why Harvard’s Bold Real Estate Bet Failed to Pay Off

Also: A fixture of San Francisco’s skyline finds a buyer, and mortgage rates drop to their lowest since 2022
Harvard’s land in Allston, across the Charles River from its Cambridge campus, in December.Photographer: Tony Luong
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This week, you’ll find out about a bold bet by Harvard University that clashed with real estate reality, and how private equity is funding green office makeovers in London. Also, there’s a deal to sell the tower that’s defined San Francisco’s skyline for more than 50 years. Let’s get into it.