Local profs win injunction in condo case - Baltimore Business Journal:

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A Suffolk Superior Court judge Monday issued a preliminaryt injunction againstthe developer, a joint venture of and The injunctio n prohibits the developers from renting or leasing the condlo units it is supposeed to sell to the plaintiffs, according to a press releasse from the group’s lawyers, . Equity Residential’x spokesman, Marty McKenna, said he coulds not comment “because of pendinv litigation.” Extell did not immediately return a callfor comment.
The filed in April by a group of professors, alleges that Equity Residential and Extell Developmeng refused to allow buyers to close on the purchases and move into theidr condo units and did not record condominiun master deeds with the of The development, called 303 Third St. in Cambridge’s Kendalo Square neighborhood, was originallt approved for 527 units intwo buildings, the so-callee North and South developments. The Nortn building contains rental units and is not part of the According tothe plaintiffs, the developed is now in discussiobn with the city of Cambridge to rent the South building as apartments.
In a previous Boston BusinessJournal story, Cambridge’s director of land use and zoninv for the confirmed the developef filed plans with the city to converg the South building to rentals.