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RE Rumor Mill: Lesotho, Brack Capital, Lone Star

By Kaitlin Ugolik ( August 14, 2014, 3:25 PM EDT) -- The southern African Kingdom of Lesotho has sold a development site at 204 East 39th St. to CB Developers, which plans to build a 95,000-square-foot residential property, The Real Deal reported. The Kingdom of Lesotho reportedly purchased the property in 1989 for an unknown price, and the building was previously home to the country's mission to the U.S. The Real Deal reported that CB Developers paid $7.6 million for the property and plans to build an 18-story building with 91 residential units and 6,000 square feet of commercial and retail space....

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