Real estate

WBUR reports on MIT’s plan to create six new buildings in Kendall Square. Three of the buildings would be used for “research and development, two for housing and one for retail and office space.”

CNBC reporter Meg Tirrell reports on the biotechnology boom in Cambridge, explaining that one reason so many biotech companies want to be located in Kendall Square is the area’s proximity to MIT. “Everybody wants to be next to MIT, this hotbed of technology and life sciences work,” says Tirrell.

Norman Leventhal, an MIT alumnus, life member emeritus of the MIT Corporation and real estate developer, died Sunday, reports Bryan Marquard for The Boston Globe. Leventhal is known for building and renovating some of Boston’s most renowned landmarks, including Center Plaza and South Station. 

The Cambridge Chronicle reports that alumnus Samuel Tak Lee has donated $118 million to establish a real estate entrepreneurship lab at MIT. The lab will have a particular focus on China, and “will promote social responsibility among entrepreneurs and academics in the real estate profession worldwide.”

Tech reporter Amy Wang writes about the recent gift from alumnus Samuel Tak Lee that will establish a real estate entrepreneurship lab at MIT. “Real estate and urban planning is very interdisciplinary to begin with, so this donation already is incredibly well positioned to generate opportunities across all fields,” says Prof. Albert Saiz. 

Robert Olsen of Forbes profiles MIT alumnus Samuel Tak Lee, who recently made one of the largest gifts in MIT’s history to establish a real estate entrepreneurship lab. “Now that he’s achieved such success, he’s helping others to follow a similar path by supporting the schools he attended,” writes Olsen. 

Inside Higher Ed reports on the $118 million gift from MIT alumnus Samuel Tak Lee that will be used to establish a real estate entrepreneurship lab at MIT. The gift, one of the largest in MIT’s history, is aimed at exploring sustainability and social responsibility in the field of real estate. 

Jack Newsham writes for The Boston Globe about the new gift from MIT alumnus Samuel Tak Lee to “fund the study of sustainable real estate development” through the creation of a new lab at MIT. The lab will have a focus on China, “a country where the real estate sector is rapidly changing.”

One of the largest gifts in MIT's history will be used to “advance socially responsible and sustainable real estate, with a focus on China,” the Associated Press reports. The gift, from alumnus Samuel Tak Lee, will be used to establish a lab for sustainable real estate development, fund student fellowships, and put the lab’s curriculum online. 

BostInno reporter Lauren Landry writes that MIT has received one of the largest gifts in the school’s history from alumnus Samuel Tak Lee. The gift will be used to create a lab dedicated to socially responsible and sustainable real estate development, with a focus on China.