Word: vineyard
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...official letter about the "unprofessional conduct" demonstrated by a few U.S. flight crews. To document his concern, Reed cited a number of horrifying incidents resulting from sloppy flying in recent years-a DC-9 striking the water and then bouncing safely into the air while nearing Martha's Vineyard; airliners running into trees, cottages and a sea wall while approaching airports; a DC-9 hitting the runway so hard in Fort Lauderdale, Fla., that it broke...
According to Peter Mead, a vice-president of Hunneman and Company, the firm that manages Harvard's real estate in the Boston area, Land-Vest got in touch with Hunneman after seeing an article about the Putnam estate in the Vineyard Gazette. "A few other developers showed an interest, but when they found out about that insidious Kennedy bill they backed off," Mead says. "We offered the property to some bigger Boston developers, but they weren't interested...
James Alley, a Vineyard real estate broker, says he knew of plenty of people who were interested. "It seemed rather strange that Harvard didn't pursue the deal with island brokers who had people interested in buying." he says. "They almost acted as if they weren't interested in selling...
...that Land-Vest paid for the land "amazed a lot of people," Alley says. But Land-Vest considers that it paid "an absolute market price," says Wade Staniar, a Land-Vest executive. While admitting that lots on the Putnam estate go for considerably less than comparable lots on the Vineyard, he denies that the low price Land-Vest paid enabled them to charge so little...
...still not clear just what the explanation is-bad luck, bad judgement, or some kind of hanky-panky-but the experience may lead Harvard to be more careful about its real estate dealings in the future.A portion of the Putnam tract on Martha's Vineyard...