Word: vesting
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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...
...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...
...University passed up several offers from potential buyers who were willing to pay substantially more and restrict development more than Land-Vest, the Boston Sunday Globe reported yesterday...
Gerald A. Berlin, a Boston attorney and long-time summer resident of Martha's Vineyard, said yesterday that he knew two individuals personally and had heard of a third, all of whom had made better offers than Land-Vest. "I'm curious as all mischief to find out what Harvard is up to," Berlin said...
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...