http://news.yahoo.com/s/nm/20110415/bs_nm/us_morgan_stanley_real_estate
TOKYO (Reuters) – A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone (BX.N) and other investors, the largest repayment failure of its kind in Japan.
It marks the latest fallout from a series of highly leveraged investments by Morgan Stanley (MS.N), one of the most aggressive investors in worldwide property markets before the global financial crisis.
http://skyscraperpage.com/cities/?buildingID=27919
http://sherriequestioningall.blogspot.com/2011/04/morgan-stanley-defaulted-on-loan-and.html
TOKYO (Reuters) – A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone (BX.N) and other investors, the largest repayment failure of its kind in Japan.
It marks the latest fallout from a series of highly leveraged investments by Morgan Stanley (MS.N), one of the most aggressive investors in worldwide property markets before the global financial crisis.
http://skyscraperpage.com/cities/?buildingID=27919
http://sherriequestioningall.blogspot.com/2011/04/morgan-stanley-defaulted-on-loan-and.html
