December 21, 2011
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.
Read the full article →
June 5, 2011
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 …
Read the full article →