The beleaguered residents of the Gramercy Club of Edina are finally emerging from three years of costly legal limbo.
In 2008, Whistleblower described how a bank had sued each co-op owner individually, even though they had made their mortgage payments, as part of its effort to repossess the property. The litigation and subsequent failures of both the development company and the foreclosing bank left the owners of 36 units wondering what would happen to them and 90 unsold units.

Following a legal settlement, a private-equity firm bought the unsold units in March, my colleague Jennifer Bjorhus reported Friday. By next fall, co-op members — most of whom are senior citizens — will become condo owners when the transition to new ownership is complete, said resident Jim Campbell.

"It's the happy ending we were hoping for as far as we can tell," Campbell said.