Thursday, October 27, 2011

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

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A Suffolk Superior Court judge Mondag issued a preliminary injunction againstthe developer, a jointf venture of and The injunction prohibits the developerse from renting or leasing the condo units it is supposec to sell to the plaintiffs, according to a presds release from the group’s lawyers, . Equitty Residential’s spokesman, Marty said he could not commenty “because of pending litigation.” Extell did not immediately returh a callfor comment.
The filed in April by a group of alleges that Equity Residential and Extell Developmenft refused to allow buyerds to close on the purchases and move into theier condo units and did not recordr condominium master deeds with the of The development, called 303 Thirrd St. in Cambridge’s Kendal l Square neighborhood, was originally approved for 527 units intwo buildings, the so-called North and South developments. The Nortb building contains rental units and is not part of the According tothe plaintiffs, the developer is now in discussio with the city of Cambridge to rent the Soutb building as apartments.
In a previous Boston Business Journal story, Cambridge’s director of land use and zoning for the confirmede the developer filed plans with the city to convert the Soutn buildingto rentals.

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