Word: condominium
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...decision that may retain as many as 1,000 Cambridge apartments under rent control, a Middlesex Superior Court judge last week overruled a lower court finding that threatened the city's strict regulations restricting condominium conversion...
Riegle, who has a net worth of $200,000 and owns three homes, including a Michigan vacation condominium, at one point maneuvered Feldstein into admitting that his worth approached $750,000. Riegle brandished a sworn, confidential financial statement signed days earlier by the economist, which indicated that Feldstein's net worth was actually $1.2 million. In prosecuting-attorney fashion, the Senator demanded, "Do you recognize this document? Is that your signature?" Feldstein sheepishly admitted that it was. In fact, the larger figure included a calculation of pension benefits Feldstein cannot collect until age 59, and that he, understandably...
...when a neighborhood's real estate potential skyrockets, landlords look for a way to get the current residents out and the wealthier residents--who can pay higher rents or higher condominium prices--in. And there's no doubt that many landlords are unscrupulous enough to use arson to chase residents out. An extreme instance of such tactics was the 1979-80 string of condo conversions in already-high-rent areas, which was apparently responsible for a fourfold increase in Back Bay's arson rate, scaring off many renters who had resisted conversion...
...factory-outlet centers are no longer off-the-rack spartan. In Florida, the Orlando Factory Outlet Mall, which opened last year on the road between the city and Walt Disney World, offers, in addition to the usual stores, an antique-costume portrait center, a time-share condominium sales office, a Pac-N-Send mailing service and a video-game room. Traditional retailers hope that the factory outlets will fade away with the return of better economic times. Perhaps, but in the meantime, factory outlets will continue to be today's fashion...
...called to testify. Silverman will also attempt to interrogate two men closely connected with Masselli who were not questioned during the first probe: Joseph Verlezza, an associate of Genovese gangsters, and Alfred Ditraglia, who watches over Masselli's interests in the Miami area, including an oceanfront condominium. During the initial inquiry, Verlezza claimed he was too ill to testify; Ditraglia could not be found by Silverman's staff...