Word: condominium
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...average selling price of a Manhattan co-op has jumped to more than $30,000 a room, from $18,000 a year ago and $11,000 in 1974. In Chicago, the typical condominium price per room is $46,000, vs. $30,000 last year. Demand is strong: all 280 condos in one town-house complex in Los Angeles' Century Hills sold out even before construction began. Prices: $230,000 to $400,000 per apartment...
...bill passes, a legal challenge is expected. Sullivan predicted when he wrote the legislation that the court battle could take three years, slowing condominium conversion during that period...
...council also sent a bill to the state legislature that would prohibit evictions of persons 62 years of age or older for condominium conversion...
...campaign of intimidation of the part of the city's landlords and condominium developers that has now extended to the city council," Sullivan, a lawyer for the Alliance of Cambridge Tenants, charged...
Sullivan said the bill in an attempt to "get a reign on" condominium conversion in the city. Nearly 2000 Cambridge apartments have been turned into condominiums in recent years...