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Tag Archives: Archstone

Hines Buys Archstone Stake in DC Project

WASHINGTON, D.C. – The Washington D.C. office of Hines announced the acquisition of the ownership interest of their partner, Archstone, in the mixed-use CityCenterDC project that is currently under construction in downtown Washington, D.C. The acquisition of Archstone’s interest in CityCenterDC was completed in connection with the acquisition by Equity Residential and AvalonBay Communities of Archstone Enterprises LP. The Hines ... Read More »

Lehman Bros. Buys Remainder of Archstone

NEW YORK – Bank of America and Barclays Bank PLC have entered into an agreement with Equity Residential and Lehman Brothers Holdings Inc. pursuant to which Bank of America and Barclays will sell their remaining 26.5 percent interest in Archstone, an apartment firm, for a purchase price of $1.58 billion to Lehman. Bank of America and Barclays will pay an ... Read More »

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