Business & Tech
WSJ: Lehman Brothers Selling Stake in 10 Rosslyn Properties
Failed investment bank trying to take advantage of recovering market here.
The failed investment bank Lehman Brothers will sell its majority stake in a group of 10 office buildings in Rosslyn in a deal that values the properties at $1.26 billion, the Wall Street Journal reports.
While the sale represents a $30 million decrease in value -- ownership was acquired in 2007, when prices were much higher -- the sale is intended to take advantage of the recovering commercial real-estate market in certain areas, the Journal reports.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here