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Word: vesting (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

Executives of Land-Vest, Inc.-the Boston development company that bought the land-are upset because it looks like they're either swindling Harvard or receiving a favor...

Author: By Natalie Wexler, | Title: Mystery Still Surrounds Vineyard Property Sale | 12/9/1974 | See Source »

...wealthy New York surgeon. Under the terms of Putnam's will, the land was to be sold outright and the proceeds were to go to the Medical School for research and teaching fellowships. The valuation of the property in the will was between $1.6 and $1.7 million. When Land-Vest finally bought the land in March 1973 it paid only...

Author: By Natalie Wexler, | Title: Mystery Still Surrounds Vineyard Property Sale | 12/9/1974 | See Source »

Eugene G. Kraetzer '29, who worked on the deal as assistant secretary to the Corporation, says that Land-Vest was the only buyer "prepared to make a purchase in line with what Harvard wanted to accomplish." What Harvard wanted to accomplish, he says, was getting the most amount of cash for the land and the least amount of development...

Author: By Natalie Wexler, | Title: Mystery Still Surrounds Vineyard Property Sale | 12/9/1974 | See Source »

...there was at least one other potential buyer who offered more money and less development than Land-Vest did. In 1971, Albert L. Cohn, a Law School alumnus and Vineyard summer resident, offered Harvard $1.1 million for the property, proposing to divide it into only 27 lots and to set aside 199 of the 320 acres as common land. Cohn's plan met with the approval of the Vineyard Open Land Foundation, a non-profit group interested in protecting the island from excessive development...

Author: By Natalie Wexler, | Title: Mystery Still Surrounds Vineyard Property Sale | 12/9/1974 | See Source »

Hunneman & Co., Inc., the real estate firm that manages Harvard property, suggested Land-Vest to the University as a potential buyer, according to Land-Vest President Richard F. Perkins. An executive vice president of Hunneman, John W. Kunhardt '51--who died in July--also served on the Land-Vest board of directors, but Perkins denied that Kunhardt's position constituted a conflict of interest in the transaction...

Author: By Natalie Wexler, | Title: University Sells Property; Vineyard Residents Angry | 12/2/1974 | See Source »

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