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Los Angeles County Foreign Investments Japan

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BUSINESS
September 15, 1998 | From A Times Staff Writer
A joint venture formed by Kennedy-Wilson International and Colony Capital Inc. said Monday that it had purchased approximately 25 distressed Japanese properties and loans for nearly $40 million. The portfolio--which was purchased for less than 10 cents on the dollar of their original face value--is the first acquisition for the newly created partnership.
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BUSINESS
September 15, 1998 | From A Times Staff Writer
A joint venture formed by Kennedy-Wilson International and Colony Capital Inc. said Monday that it had purchased approximately 25 distressed Japanese properties and loans for nearly $40 million. The portfolio--which was purchased for less than 10 cents on the dollar of their original face value--is the first acquisition for the newly created partnership.
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