Realtor News
Bank of America, Barclays sell Archstone stake
Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.The transaction disclosed Friday for the banks' 26.5 percent interest will give Lehman's estate full ownership of Archstone, an Englewood, Colo.-based company that owned all or part of 434 apartment communities in the U.S.
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