Morgan Stanley fund fails to repay debt on Tokyo property (Reuters)

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 and other investors, the largest repayment failure of its kind in Japan.

Source: http://us.rd.yahoo.com/dailynews/rss/japan/*http://news.yahoo.com/s/nm/20110415/bs_nm/us_morgan_stanley_real_estate

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