archstone


The Latest

Lehman sells Archstone portfolio to Equity and Avalon Bay in $6.5 billion deal

Lehman Brothers has agreed to sell landlord Archstone’s apartment building portfolio to Samuel Zell’s Equity Residential and AvalonBay Communities for approximately...

Placeholder image

Archstone seeks to raise $3.45B via IPO

Archstone, the massive apartment landlord now owned by failed bank Lehman Brothers’ estate, is seeking tor aise $3.45 billion through its initial public offering, Bloomberg News reported. Archstone, which plans to organize itself as real...

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...

Placeholder image

Lehman Brothers prepares Archstone IPO

Just three months after it wrestled away complete control of the Archstone portfolio from its former partner banks and Equity Residential Chairman Sam Zell, Lehman has filed to take the Colorado-based apartment landlord public....

Placeholder image

Sam Zell receives his $150 million reward for Archstone maneuvers

Sam Zell’s Equity Residential received the $150 million in termination fees from Bank of America, Barclays Bank PLC and...

Placeholder image

Lehman wins final Archstone stake for $1.58B

Lehman Brothers Holdings has beaten out Sam Zell and acquired the last remaining 26.5 percent stake in Archstone for...

Placeholder image

Equity ups bid for remaining Archstone stake

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

Archstone pays $131M for Kips Bay apartment building

From left: Archstone CEO Scot Sellers and 377 East 33rd Street (building credit: PropertyShark)While a bidding war has emerged...

Zell leads bidding for Archstone REIT

Sam Zell and an Archstone building at 800 Sixth Avenue Sam Zell’s Equity Residential has emerged as the leading bidder in a race to buy 53 percent of rival Archstone, offering more than $2.5...

Real estate giants bid on Archstone REIT

Real estate giants the Blackstone Group, Brookfield Asset Management, Equity Residential and AvalonBay Communities have all submitted bids for real estate investment trust Archstone in recent weeks, but the offers haven’t been enough to resolve a...

« Previous Next »