Lehman Bros.’ battle … and more

June 09, 2008 05:44PM

  • 1. Lehman Brothers, battered by mortgage-related write-downs, will raise $6 billion in an attempt to recover from a $2.8 billion quarterly loss [Crain’s]
  • 2. LandSource Communities Development, a California property developer backed by the nation’s largest pension fund, and Goody’s Family Clothing, a privately owned retailer, both filed for bankruptcy today [NYT]
  • 3. Boston Properties is getting its own crews to operate the GM Building [NYO]
  • 4. East Villagers are organizing a protest march against Bruce Willis’s Bowery Wine Co. [Curbed]
  • 5. The remaining eight units at Crest in Park Slope have gotten reduced from $564,000 to $499,000 [Curbed]
  • 6. Peter Moore, a Manhattan-based developer, bought a warehouse on 3rd Street between Bond and Hoyt for $12 million, and could build office space, art and production studios, and a hotel [Brownstoner]
  • 7. The economic news might be bad, but “fortress malls” with high-end shopping centers and strong anchor stores could still be a good investment [Barrons]

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