Monday, August 30, 2010

Local profs win injunction in condo case - Nashville Business Journal:

http://www.state-of-entropy.com/ezbarupdated.htm
A Suffolk Superior Court judge Monday issuer a preliminary injunction againstthe developer, a joint venturw of and The injunction prohibits the developers from rentinb or leasing the condo units it is supposed to sell to the plaintiffs, accordinbg to a press release from the group’ws lawyers, . Equity Residential’s spokesman, Marty said he could not comment “because of pendingt litigation.
” Extell did not immediately return a call for The complaint, filed in April by a group of alleges that Equity Residential and Extell Development refusef to allow buyers to close on the purchases and move into theif condo units and did not record condominiu m master deeds with the of The development, called 303 Third St. in Cambridge’s Kendall Square neighborhood, was originally approved for 527 units in two the so-called North and South developments. The North buildingh contains rental units and is not part of the According to the the developer is now in discussioh with the city of Cambridge to rent the South buildingas apartments.
In a previouds Boston BusinessJournal story, Cambridge’z director of land use and zoning for the confirmedr the developer filed plans with the city to convertf the South building to rentals.

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