Word: condos
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Dates: during 1980-1989
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...injunction request was the latest in a long series of legal challenges to the ordinance, passed in 1979 in an effort to stem the tide of condo conversions in the city. "It hasn't lost yet," city councilor David Sullivan, who drafted the ordinance, said yesterday...
...amendments are designed to reduce illegal conversions, and shift the responsibility for infractions from purchasers to developers. The original law was adopted in 1979 in an attempt to slow the drain on Cambridge's rental housing stock from condo conversions. It requires that a permit be granted by the city before any rental unit is taken off the market...
Says Chris Leinberger, executive vice president of Robert Charles Lesser and Co., a marketing consulting firm involved in eight of the Los Angeles ventures: "This strip is the state of the art in condo design." A well-heeled public seems to agree. L'Elysee's recent open house drew 2,000 enthusiastic prospects...
Although Los Angeles is the capital of the solid gold condo, it is by no means unique in the U.S. Around Miami, at least 4,000 luxury units are under construction; most are sold out. One of the most lavish habitats, Grove Isle at Coconut Grove, Fla., has a garden graced with sculpture by Alexander Calder and Louise Nevelson. Condo owners at the Turnberry Isle Yacht and Racquet Club in North Miami Beach have access to two Robert Trent Jones golf courses, 24 tennis courts, a marina, health spa and disco...
...question asked or an eyelid batted in such cases. As Miami Herald Editor Jim Hampton observes, "What should a real estate dealer do when a man in his late 20s or 30s with no visible source of income plunks down $250,000 cash for a house or condo...