AUSTIN, TX-Lehman Brothers Holdings Inc., which bought the bulk of office buildings in Austin in a $1.2-billion deal during the real estate boom, is now trying to sell the properties. The company is in negotiations to sell eight office buildings in Austin to its partner, Thomas Properties Group Inc.
Lehman owns a 50% interest in the portfolio. Los Angeles-based Thomas owns a 25% interest as a venture with the California State Teachers' Retirement System. The value of the buildings is estimated at $750 million. For the full story, go to Wall Street Journal .
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