You are currently browsing the The Chinatown Blog weblog archives for the day January 23, 2008.
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Archive for January 23, 2008
Archstone Smith Deal in Jeopardy
January 23, 2008 by Chinatown Blogger.
Barron’s (pay subscription needed) reported that the buyout by Lehman Brothers and Tishman Speyer Group for Archstone Smith may be in jeopardy. The Barron’s article was summarized here in Seeking Alpha. Partly due to declining real estate prices and banking losses, investors have only bought $500 million of the $4.6 billion needed to close the deal. SA Editor Judy Weil wrote: “Archstone has more than $16B of debt, keeping interest expense at $1B-plus annually. That’s more than its Q2′07 annual cash flow rate of $700M.” Archstone Smith has a high-rise building at 660 Washington Street in Chinatown.
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Massachusetts Asian American Commission - Chinatown Town Hall Meeting
January 23, 2008 by Chinatown Blogger.
The MA Asian American Commission is interested in learning about issues and concerns in Boston’s Chinatown and its surrounding neighborhoods. Please join us in an open meeting to introduce yourselves and to share your ideas and thoughts.
Where: Metropolitan Community Room, 38 Oak St, Chinatown, MA 02111
When: Thursday, January 24, 2008, 6:00PM - 8:30PM
Sponsored by the Asian American Commission of Massachusetts. Email AAC@tre.state.ma.us;
www.mass.gov/treasury/aac/index.htm
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