Word: buys
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Dates: during 1980-1989
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Harvard officials recently announced that they will exercise their option to buy a rent-controlled building on Ware St. that they have rented from a private landlord for 10 years...
Harvard's option to buy the building will expire at the end of 1988. said Kathy Spiegelman, assistant director of Harvard planning. Harvard plans to resell the building to Home-owner's Rehabilitation Inc. (HRI), a non-profit organization that builds affordable housing in Cambridge with partial city funding...
Harvard officials said they chose to buy and immediately sell the building because their option to do so expires at the end of the year. They could not legally own and rent the building in any case because the property lies outside the "red line," a perimeter that formally limits University growth...
...whether the non-profit developer will buy the building. Zeckhauser said. "I think prospects are very good," Members of the development group could not be reached for comment yesterday...
...wake of October's crash, hefty trading losses and a slowdown in business have forced investment firms to cut back their payrolls and curb their appetites for expansion. At the same time, the First Boston episode highlights an increasingly common Wall Street struggle between the traders who buy and sell securities and the dealmakers who negotiate and finance takeovers...