Judge Rules Lehman May Match EQR’s Offer for Archstone

In a move that could ultimately give full ownership of Archstone to bankrupt Lehman Brothers Holdings Inc., a judge on Wednesday approved Lehman’s right to match a $1.33 billion offer by Equity Residential (NYSE: EQR) and its chairman Sam Zell for a 26.5% stake in the apartment company. U.S. Bankruptcy Judge James Peck approved Lehman’s … Read more

Trane Completes Lease of 625,000 SF in Southeast Memphis

Trane, Inc., a leading manufacturer of air conditioning systems, put the finishing touches last week on its 625,000-square-foot lease for the entire industrial building at 5200 Tradeport Dr. in Memphis, Tenn. The building was constructed in 1999 and was previously occupied by Hewlett-Packard. This will be Trane’s second large industrial presence in the Memphis area … Read more