Lehman bets on real estate to repay $300B debt

Lehman bets on real estate to repay $300B debt

Over-leveraged real estate assets caused its demise, but in an ironic twist, Lehman Brothers is now leveraging its property holdings...

From left: Richard Tarquino and Robert Givens

Archstone pays $20M for Palmetto Promenade site

Archstone will pay $20.13 million to acquire a foreclosed downtown Boca Raton parcel originally assembled by Greg Talbott for...

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Zell increases bid on Archstone, triggering automatic $80M payout

Equity Residential increased its bid for the final 26.5 percent stake in Archstrone to $1.5 billion, triggering a guaranteed...

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National real estate giants bid on Archstone 

Real estate giants the Blackstone Group, Brookfield Asset Management, Equity Residential and AvalonBay Communities have all submitted bids for real estate...

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