Our Local News
Bain to absorb Harvard’s real estate investment team
Bain Capital is taking on a 20-person team from Harvard University’s investment arm that specializes in real estate, as the Ivy League institution continues to shrink its in-house investment management capabilities.
The Boston-based private equity firm will form a new unit, Bain Capital Real Estate, when the Harvard personnel officially make the switch on Feb. 1. It will be led by Dan Cummings, who now serves as head of real estate at Harvard’s investment arm, Harvard Management Co.
Journalists guild forges settlement, including a raise, for 16 GateHouse papers
A national union representing journalists throughout North America says it reached a settlement with GateHouse Media LLC on Dec. 12 that would ensure a 2.75 percent raise over two years for 750 employees at newspapers across the country, including five in New England.
The NewsGuild-CWA announced in a blog post Thursday that the “first-of-its-kind agreement” will not only give many journalists their first raises in more than a decade, but will keep health care rates from increasing during the…