Morgan Stanley, having swallowed Crescent Real Estate Equities near the peak of the market last year, is having a little trouble digesting the REIT.
The Wall St. Journal reports that one of the Crescent properties Morgan Stanley is ready to spit out is . . . Greenway Plaza. An article by reporters Lingling Wei and Aaron Lucchetti finds a July estimate of $826 million for the 10-building complex.
- Morgan Stanley’s Waning Crescent [Wall St. Journal, via Swamplot Inbox]
Photo: Flickr user ShinyCrazyDiamond
