Lehman Sues Bank of America, As Does Whistle Blower Greg Macklowe.

By March 8, 2012 7:59 am
reprints

Bankrupt Lehman Brothes suing to halt sale of remaining stakes in Archstone to Sam Zell. (Bloomberg)

The country’s largest mall operator, Simon Properties, is gobbling up joint venture partner Farallon Capital Management’s interest in 26 shopping malls while also buying a minority stake in French real estate company Kelpierre. (the Associated Press, via NYT)

Whistle blower Gregory Macklowe has filed suit against Bank of America, accusing the financial behemoth of preventing homeowners from snagging mortgage-loan modifications in order to avoid losses. (NYP)

Commercial leasing may be sluggish, but at least the residential brokers are seeing improvements. Indeed, Manhattan’s rental market approached record highs in February, according to data provided by Citi Habitats. (The Real Deal)

An office building in Manhattan.
Leases  ·  Office
New York City

NYC Greenlights New 34K-SF NYPD Traffic Enforcement Office at 31 Penn

By Abigail Nehring
An aerial view of Bella Terra Mall in Huntington Beach, CA.
Sales  ·  Retail
California

Big Orange County Shopping Center Hits the Market for $300M

By Greg Cornfield
A rendering for Clipper Equities' planned 227-unit multifamily development at 2359 Bedford Avenue in Flatbush, Brooklyn.
Finance  ·  Construction
New York City

BHI, Be Aviv Lend $115M on Flatbush Apartments Project

By Andrew Coen