Pinewood Realty Ltd. Partnership v. United States

Plaintiff, Pinewood Realty Limited Partnership,1 an organization existing under the laws of the State of New York, asserts claims against defendant for breach of contract. Both parties have filed motions for summary judgment, on which we have heard oral argument.

On May 18, 1977, plaintiffs predecessor in interest, Drake Realty Associates (Drake), submitted, in writing, the high bid to purchase Pinewood Apartments2 of Metairie, Louisiana, from the U.S. Department of Housing and Urban Development (HUD), which offer was accepted on May 24, 1977. On June 16,1977, Drake requested authority to…