Today's Post has a piece
that gives more details on how Monument Realty has been tied to Lehman Brothers over the years, and how that might impact Monument's Half Street project
: "In addition to an equity stake in Monument's Half Street project with San Francisco-based MacFarlane Partners, Lehman holds a $12 million secondary loan and Chicago-based Corus Bank holds the $72 million construction loan on the first phase of that development, a nine-story office building rising above the Navy Yard Metro stop. The rest of the project has not secured outside financing. [...] Monument began searching for another investor to buy out Lehman's positions soon after the credit markets began to tighten. Some bids were presented earlier this year, two sources familiar with the negotiations said, but Lehman rejected them as too low."