Lehman to Sell Neuberger Stake, Spin Off Real Estate (Update1) (Bloomberg.com)Sept. 10 (Bloomberg) -- Lehman Brothers Holdings Inc. , reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off real-estate holdings and cut the dividend in an effort to shore up capital and regain investor confidence.
Real Estate (Sun-Sentinel)Evergreen Real Estate Partners of Chicago, a private equity investor, said Wednesday it has committed $750 million to Palm Beach Gardens-based developer Kitson & Partners to pursue additional residential and commercial developments in Florida. Kitson has acquired more than $900 million in assets across the state over the past two years. The capital commitment puts Kitson in position to close ...
