Lehman to Block Zell’s Archstone Deal

The estate of Lehman Brothers Holdings Inc. is planning this week to use $1.33 billion in cash to buy a 26.5% stake in apartment giant Archstone.

The Appraisal: On a Numbered Street, Apartment Owners Yearn for More Cachet

Members of the Southgate co-op hope they can give a lift to their apartment values by renaming their block.



Property Investors Spark German Feud

The town of Strausberg, Germany, is at the center of a battle between investors who see riches in Soviet-era housing and The Left party, which is trying block profit-hungry capitalists.

HUD Awards $600,000 Grant to Promote Affordable Housing, Economic Development to Iowa Native American Community

WASHINGTON – The U.S. Department of Housing and Urban Development today awarded $600,000 to the Sac & Fox Tribe of the Mississippi in Tama, Iowa to improve housing conditions, promote community development and to spur local economies with construction projects and jobs. The competitive grants awarded are part of HUD’s Indian Community Development Block Grant (ICDBG) Program that address a wide variety of community development and affordable housing activities for low- to moderate-income families.