Japanese Investment in U.S. Real Estate Rose 30 Percent in 1988, Study Says From: The Washington Post | Date: March 11, 1989| Author: Jay Mathews | Copyright 1989 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

Japanese investment in U.S. real estate, already at an all-time high, increased another 30 percent last year and began to move beyond prime Hawaiian, Californian and New York properties to a broader range of projects in Chicago, Atlanta, Boston and Washington, according to a new study.

The report by the Los Angeles-based accounting firm of Kenneth Leventhal & Co. said new Japanese investment in U.S. land and buildings reached $16.54 billion in 1988, compared with $12.77 billion in 1...