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Lehman makes its next property gamble

Posted on 04 August 2010

From WSJ: Lehman Brothers Holdings Inc., brought down in part by its huge property investments, is doubling down on some of its existing deals in a bet that commercial property markets are near bottom.
Since the investment bank’s collapse in September 2008, the firm overseeing Lehman’s bankruptcy has reinvested more than $1 billion in apartments, office buildings and other commercial property already owned or financed by Lehman……………………………………….Full Article: Source

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