PHILADELPHIA----Pennsylvania Real Estate Investment Trust announced today that its Board of Trustees has declared a quarterly cash dividend of $0.15 per common share, the Companys 134th consecutive distribution since its initial dividend paid in August of 1962.

Developer Lauth Group said Thursday it has agreed to settle a dispute with an investment partner, Inland American Real Estate Trust, that was being waged in bankruptcy court.

Lehman Brothers Holdings Inc. and brokerage unit Lehman Brothers Inc. face a tax liability of as much as $283 million if they retain residual interests in real- estate mortgage investment conduits known as Remics.