- Call Me Crazy: Confessions of a Black Friday Shopper
- US Firms Hit by Payroll Taxes at Exactly the Wrong Time
- Citi Mortgage Reveals Something the US Treasury Won't
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- In Time for Holidays: More Gloom and Doom on Economy
- Market Pros Reveal Top Black Friday Trades
- Holiday Guide to This Season's Smartphones
- Turkey Day 101: How Well Do You Know Your Bird?
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- CNBC Anchor Takes a Sabbatical
- NBA D-League On The Rise
- Wednesday's Economic News Crunch Could Tilt Markets
- Celling Flu Vaccines
- Madoff—The Holiday Drink
- Citi Mortgage Reveals What Treasury Won't
- Privately Held Facebook Creates Dual-Class Stock
- Cramer’s Christmas List
Text Size 
The Blackstone Group had also bid for U.S. apartment owner Archstone-Smith Trust in the weeks before Archstone agreed to acquired by affiliates of Lehman Brothers Holdings and Tishman Speyer for more than $15 billion, The Wall Street Journal Online reported on Thursday.
Archstone revealed in a regulatory filing on Thursday that another bidder had offered $62.50 per share for the company on April 30, a few days before Lehman and Tishman Speyer offered $64 per share for the company.
That earlier bidder was Blackstone, the Journal said, citing people familiar with the matter.
By the time their deal was announced on May 29, Lehman and Tishman had dropped their price to $60.75 per share.
The falling price underscores growing concern in the commercial real-estate world that higher interest rates are killing deals or causing prices to be renegotiated lower, according to the Journal.
Print
Email
- Remember when auto shows were major events where new models could generate buzz?
- CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
- People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
- Playboy will outsource its publishing operations in a bid to become profitable again.
- A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
Data is a real-time snapshot *Data is delayed at least 15 minutes