Deals
Goldman Buys 10 Lehman Virginia Buildings for $438 Million
This article is for subscribers only.
Goldman Sachs Group Inc. paid bankrupt Lehman Brothers Holdings Inc. about $438 million for the defunct firm’s stake in 10 Virginia buildings, according to a court filing.
Lehman, which has said it expects enough votes by Nov. 4 to back a $65 billion liquidation plan, has been buttressing its real estate to prepare for more sales. Last year it said it would spend as much as $262.5 million to pay mortgages on the 10 office buildings it owns with partners in Rosslyn, Virginia, a suburb of Washington. Lehman’s share of the investment was $206 million and its partners’ share was $56.5 million, it said.