Last Updated: September 10, 2008 09:40am ET

Lehman Spins Off CRE Into Publicly Traded Firm

By Ian Ritter

NEW YORK CITY-The investment bank is spinning off $25 billion to $30 billion into a separate entity called Real Estate Investments Global by next year’s Q1.

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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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