Valuation: More than $150 million

In what would be the largest multifamily REIT privatization ever, Archstone-Smith has agreed to a $22.2 billion takeover by Tishman Speyer and Lehman Brothers. Lehman and Bank of America are providing debt financing for the transaction.

Pittsburgh Business TimesApollo Real Estate Advisors is marketing for sale the 2.3 million-square-foot U.S. Steel Tower in downtown Pittsburgh. Eastdil Secured has the listing, which includes 5.35 acres of land. Apollo acquired a mortgage note on the property in 1999 ...

The Atlanta REIT, whose shares are publicly registered, but not traded on any exchange, has filed to list its shares on the Big Board. The move will provide liquidity to Wells' 110,000 shareholders. Because Wells' properties support so little debt, ...

The investment manager is looking to raise its largest real estate fund ever. It increased the fund's target by $1 billion after raising $2.84 billion through the first quarter. Among its investors are the Pennsylvania State Employees' Retirement System and ...

Boston HeraldBoston developer John Hynes is planning a $2.5 billion mixed-use project for 24 acres on South Boston's waterfront. Morgan Stanley is an investment partner in the project near Pier 4 and the federal courthouse building. Hynes expects to meet ...

ING Clarion Partners has completed the $877 million acquisition of Apple Hospitality Two Inc., a Richmond, Va., hotel REIT that owns 63 extended-stay hotels with 7,498 rooms.The acquisition gives ING Clarion some $3 billion of hotel investments.Apple Two owns properties ...

MarketWatch Philadelphia retailer Pep Boys is considering sale-leasebacks on store properties it owns valued at $1 billion. The company owns about 323 of its 593 stores in 36 states and Puerto Rico. In addition to possibly selling sites and leasing ...

ING Clarion Partners has completed the $877 million acquisition of Apple Hospitality Two Inc., a Richmond, Va., hotel REIT that owns 63 extended-stay hotels with 7,498 rooms.The acquisition gives ING Clarion some $3 billion of hotel investments.Apple Two owns properties ...

MarketWatch Philadelphia retailer Pep Boys is considering sale-leasebacks on store properties it owns valued at $1 billion. The company owns about 323 of its 593 stores in 36 states and Puerto Rico. In addition to possibly selling sites and leasing ...

New York PostUnited American Land of Manhattan is building a $208 million luxury retail and housing complex in downtown Brooklyn. The group is evicting occupants from the development site on Willoughby Street between Bridge and Duffield streets near Fulton Street ...