The estate of Lehman Brothers Holdings Inc. is now the owner of a Montana ski and golf resort, after assuming control of the assets of Moonlight Basin Ranch LP.
A bankruptcy judge said he was “troubled” by a plan by two banks who co-own the Archstone apartment company with Lehman Brothers Holdings Inc. to sell half their interests in the venture to Sam Zell’s Equity Residential, Archstone’s largest competitor.
According to sources familiar with the situation, Lehman Brothers Holdings Inc , Bank of America Corp and Barclays Plc started recently to consider alternatives for Archstone, including an outright sale, selling it in pieces by … During those months as Archstone urged shareholders to approve the transaction, the US commercial real estate market was actually faltering. The credit crisis pulled Lehman into bankruptcy a year later and a bankruptcy examiner …
The estate of Lehman Brothers Holdings Inc. is looking to sell its stake in the former International Toy Center building as the office market has improved significantly.
Lehman Brothers’ bankruptcy estate is preparing to put its equity stake in about 10 of its projects with developer LCOR on the block, and the buyer would also likely become LCOR’s financial partner in future developments.