Lehman Sells Stake In Va. Real Estate To Goldman

Law360, New York (November 1, 2011, 4:59 PM EDT) -- Bankrupt Lehman Brothers Holdings Inc. has sold its interest in a $1.25 billion portfolio of commercial real estate in Virginia to Goldman Sachs & Co. just weeks after suing a Goldman-run real estate private equity fund for thwarting the deal, Lehman said Monday.

Lehman had sued the Goldman fund in New York bankruptcy court Oct. 6, claiming it breached the purchase contract when the fund unilaterally terminated a $385 million deal over Lehman's interest in the 10-building, 3-million-square-foot portfolio in Rosslyn, Va., and demanded the refund...
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