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It is also subject to Lufthansa not exercising a pre-emption right to buy the Condor shares that Air Berlin is buying. That was surely the logic behind the Housing Authority of Los Angeles' decision this spring to charge condo owners $150 to process a single document -- a waiver that the agency passes on the right to buy the condo (a right it has under a 33-year-old law). A statement released by Rubenstein Associates only stated that Kalikow had exercised his right to buy out his partner in the 575-unit luxury apartment building on East 66th Street. |
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