7/27/2011

Lehman Brothers is stepping up the disposition of its property portfolio now that values are rising. The defunct investment bank has $13.2 billion in property assets still on its books. Assets it has on the market include a majority stake in LCOR, a vacant 560,000-square-foot former General Re headquarters in Stamford, Conn., and unsold Ritz Carlton condominiums in Hawaii, sources say. It is also preparing to market the Archstone-Smith Trust apartment portfolio.

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