TOKYO-Blackstone is planning to make its investment debut in Japan, which will help develop the recession-hit domestic realty market in Japan. The firm will buy Morgan Stanley's nonrecourse loans on commercial properties in Japan.
Blackstone is expecting to pay less than the proposed 100 billion yen nominal value of the deal. The firm is also having talks with the Bank of America to manage nearly $2 billion of realty fund investments centering the markets in Asia. For the full story, go to Reuters.
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