The Boston Business Journal is reporting that the ownership structure of the Archstone Boston Common, 660 Washington Street, and Archstone Avenir, 101 Canal Street, could soon be changing. The nation-wide Archstone also owns eight other apartment properties in Massachusetts, including three in Cambridge.
From the BBJ:
“According to a Wall Street Journal report Thursday, Archstone’s owners — an affiliation of entities including Barclays Capital , Bank of America Corp.and the estate of Lehman Brothers Holdings — are debating whether to sell the multibillion-dollar company or potentially spin it out through an initial public stock offering.”
Ah, good old Lehman Brothers. You knew its ghost had to be around somewhere.
File under: Gone, but not forgotten
