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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: samim anbarcioglu who wrote (75652)4/21/2001 10:44:45 PM
From: Don Green  Respond to of 99985
 
Morgan Stanley To Invest Heavily In Japanese Property
Sunday, April 22, 2001
TOKYO (Nikkei)--Morgan Stanley plans to invest 5 billion dollars over the next three years in Japanese real estate, The Nihon Keizai Shimbun learned Saturday.

The big U.S. investment bank hopes to cash in on a depressed real estate market expected to come back to life with the lifting last November of a ban on Japanese real estate investment trusts.

A boom is anticipated despite the continuing decline in land prices, which were down 4.9% on average at Jan. 1 from a year earlier, the Land Ministry reported last month.

Morgan Stanley plans to buy office and apartment buildings, mainly in greater Tokyo, believing that some prices in the capital have bottomed out.

It has already snapped up the Ebisu Prime Square development in Tokyo's posh Ebisu district from failed Chiyoda Mutual Life Insurance Co. for some 40 billion yen. The property comprises a 62-unit apartment building, a 22-story office building and three commercial wings and has a total floor space of 70,000 sq. meters.

(The Nihon Keizai Shimbun Sunday edition)



To: samim anbarcioglu who wrote (75652)4/21/2001 11:20:18 PM
From: tigerman77  Read Replies (1) | Respond to of 99985
 
i don't do momentum investing..i try to buy when real fear is seen in the market...bought sebl at 24.45 and orcl at 15.20 and another lot at 14.55....just sold fri. for a very nice profit.....i can now afford to sit back and wait...with gas prices rising everyday and airconditioner bills getting ready to make heating bills look cheap....where do you honestly think our economy is headed...towards higher wages and inflation.... www0.mercurycenter.com