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From left: Jeffery Fitt, Lehman’s New York-based head of real estate, On the Avenue Hotel and 237 Park Avenue

Lehman bets on real estate to repay debt

Over-leveraged real estate assets caused its demise, but in an ironic twist, Lehman Brothers is now leveraging its property holdings into repaying many of those debts. Following its acquisition of Archstone, the failed bank was the...

Lehman bets on real estate to repay debt
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Real estate mogul Hochfelder sentenced

From left: Adam Hochfelder, 230 Park Avenue, 237 Park Avenue and 450 West 33rd Street   Adam Hochfelder, the real estate executive who pleaded guilty earlier this year to defrauding investors, relatives and lenders...

Real estate mogul Hochfelder sentenced
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Lehman makes risky property investment

237 Park Avenue Lehman Brothers Holdings, brought down in part by its huge property investments, is reinvesting in some of its existing deals on a bet that commercial property markets are bottoming out, the...

Lehman makes risky property investment

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