What They Don’t Want You To Know
Archstone Bought by Lehman Brothers, Bankrupt Symbol of The Great Recession
The SEC filings confirming Lehman’s increase of its stake in Archstone to 73.5 percent came just two days after the bankrupt financial services giant revealed that its bankruptcy bill for professional fees and expenses owed to its myriad outside advisers has topped the $1.5 billion mark.
Inside Archstone Owner Lehman Brothers Bankruptcy
Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The bankruptcy of Lehman Brothers remains the largest bankruptcy filing in U.S. history with Lehman holding over $600 billion in assets.
Community Alert
Community Founded by U.S. President Faces Mass Evacuation at the Hands of Archstone
WASHINGTON, DC, Feburary 10, 2012 — Hillwood Square, a low to moderate income community in Northern Virginia founded by President Franklin Delano Roosevelt, faces mass evacuation of its 158 families because new executives say they can no longer provide maintenance.
NBC Boston Investigates Archstone Scandal
According to a lawsuit involving the Archstone apartments in Reading, the management was charging renters an upfront 475 dollar fee to use the pool, the gym and the outdoor grill. “The average tenant has no idea what fees are permissible, and what fees are not permissible,” said Attorney Matt Fogelman.
Hillwood Square Voices
Defending Defense Drive
There’s a good reason the entrance to one Falls Church enclave, Hillwood Square Mutual Association, is called Defense Drive. Picture the buildings without the canopy of stately oaks, flower gardens and the riot of nesting songbirds and you have a color snapshot of life on the home front during WWII.
