Word: condo
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Dates: during 1980-1989
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Lummis, who favors Brooks Bros, suits and Dunhill Montecruz cigars, lives in a three-bedroom condo in the fashionable Spanish Oaks section of Las Vegas. He drives his own 1975 Chrysler New Yorker. He often lunches alone, reading a newspaper at the Desert Inn and Country Club or in the coffee shop of the Sands Hotel, which Summa owns. His $225,000-a-year income derives from his position as court-approved administrator of the Hughes estate. Lummis has no plans to expand Summa into new fields, seeing his job as one of pulling the company together. Said he last...
Joseph A. Condo McLean...
...housing crisis of another sort. Angry at the loss in their earning power and justifiably upset with the bureaucratic inefficiencies of rent control, the city's landlords are looking for a way out. For a while it was condominiums, until the city adopted tough laws to stop the condo spread...
...study released this winter by Design School students showed just how high the stakes are in the condo battle. An examination of every apartment building in Cambridge showed, the students reported, that half of all rental units would be condominium units by 1990 without government intervention. Half of current tenants would not be able to purchase their converted apartments...
...city's new "condo class"--wealthy suburbanites returned to the city--could also change the political system, too. Younger and more fiscally conservative than many of the neighborhood politicians, they will become more powerful as their numbers swell...