Cambridge Buyers Flee $3b Harvard Freeze Fallout
Harvard Freeze Shakes Cambridge Real Estate Cambridge, Massachusetts, is at the heart of a financial shockwave. The Trump administration's decision to freeze $2.2 billion in federal grants to Harvard University is unsettling the local real estate market. This sudden funding halt poses a dual threat. Firstly, an immediate impact on Harvard's research capabilities. Secondly, real estate uncertainty as buyers and investors lose confidence. The suspension impacts various projects. Critical initiatives like ALS diagnostics and tuberculosis treatment are at risk. The $60 million NIH-backed TB moonshot project is now perilously paused. The search for alternative funding sources intensifies. Many labs face inevitable layoffs and suspended experiments. These are distress signals in a sphere once buoyed by stable federal support. Property buyers in Cambridge are revisiting their strategies. They are reassessing risks amid fears of prolonged financial instability. This shift affects both ...