Buy & Sell

Lehman to acquire rest of Archstone for $1.58 Bln

Lehman Brothers Holdings Inc said it would acquire the remaining 26.5 percent of apartment company Archstone that it didn't already own from Barclays Capital and Bank of America Corp for almost $1.6 billion, putting an end to a dispute with the banks over the price

US homes for sale drop in some cities

The number of homes for sale in April hit a 6.6-month supply, down from 9.1 months a year ago, according to a National Association of Realtors report.

Penthouse in N.Y. sells for record price $90 Mln

A mystery buyer has agreed to pay more than $90 million for the duplex penthouse at a Midtown tower with sweeping views of Central Park, a record price for New York, according to the New York Times.