Sell? How Dare They Sell?

Remember all those worries about the Japanese buying up prime U.S. real estate, including such high-ticket properties as Rockefeller Center in New York City and the giant ARCO Plaza in Los Angeles? Well, the big worry now is that the Japanese may be selling some of those properties, taking more bounce out of an already soft market. Apparently, the worsening U.S. economy and the battering of Tokyo financial markets are forcing many giant Japanese companies to reconsider investment strategies. Among the first properties rumored to be on the block: three office towers in Midtown Manhattan and some major buildings in L.A.'s...

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