RISING DOLLARS: A character in Michael Crichton’s...
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RISING DOLLARS: A character in Michael Crichton’s new best-selling novel “Rising Sun” quips that the Japanese “are now buying up Orange County.”. . . Maybe he didn’t stretch it too much. Japanese companies have invested $2 billion in real estate here since 1986, the biggest chunk of that in office buildings, residences and hotels. But analysts say Japanese buying peaked in 1990, dropping last year to a five-year low of just $32 million.
Japanese Investments
The Japanese have invested more than $2 billion in real estate in Orange County since 1986 (In millions of dollars):
Offices: $784
Residential: $351
Hotel/resorts: $273
Land: $223
Retail buildings: $154
Other: $236
Source: Kenneth Leventhal & Co.
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