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Lehman Brothers has filed for an Archstone IPO after fending off a sale to Sam Zell.
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The battle over Denver-based Archstone effectively ended Friday, May 25 when Lehman Brothers Holdings paid $1.58 billion for Bank of America Corp. and Barclays Bank’s 26.5 percent stake in the company. But as the story unfolded, we learned a lot about all of the players involved.
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Tomorrow is the deadline for EQR to make a second bid on Archstone. Nothing has come out yet, but an investment banking firm has some guesses on what’s happening with the negotiations.
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A recent Archstone case shows that landlords charging pool, gym and outdoor grill fees in Massachusetts is against the law.
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Chicago-based Equity Residential has been given an extension until April 19 to bid on the second part of Bank of America Corp. and Barclays' stake in Denver-based Archstone. The announcement leaves analysts wondering what the extension could signify.
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After watching Lehman Brothers Holdings match its $1.3 billion bid on part of Denver-based Archstone, Chicago-based Equity Residential reserved the right to buy the second half of the debt owned by Bank of America Corp. and Barclays PLC, according to a statement it filed with the Securities and...
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Former MFE Executive of the Year and Archstone veteran David Woodward built one operating platform at Chicago-based Laramar Group. Now, he’s off to build a company from scratch with start-up CompassRock Real Estate from his home base of Denver.
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Institutional investors are adopting apartment revenue management technologies at increasing rates.
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Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.
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Multifamily Executive is keeping close tabs on the potential sale of Archstone, as Lehman Bros., Bank of America, and Barclay’s try to navigate the right disposition strategy for the portfolio that was taken private for $22 billion in 2007. Check out our coverage, along with breaking news from...