Credit Crunch ends College Expansions.

Out of the current financial debacle comes a little nugget of good news for our local landlords. As reported in todays Boston Globe by Peter Schworm Northeastern University is delaying its plans to build a 600 bed dormitory on St. Botolph Street. Shelved for the foreseeable future the project was slated to open in 2011.

Which means landlords that own property in the vicinity of Northeastern will not have to worry about vacant apartments anytime soon.

Other colleges shelving on campus building this year include MIT, BU and Harvard University.

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