NEW YORK CITY-A real estate investing unit of Morgan Stanley has purchased a development project in Boston, office buildings in San Francisco and charging properties like the Grand Wailea resort in Hawaii during the boom. Recently the firm has acquired a half-empty shopping center measuring 60,000 square feet in Inland Empire, California.
The $4.7 billion Msref VII or Morgan Stanley Real Estate Fund VII Global jointly with Lincoln Property Co. will pay about $23 million for an office building in Glendale. For the full story, go to Wall Street Journal.
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