The plan would rely on Judge Glenn allocating a small portion of the general MF Global estate to customers.
The spokeswoman, Jennifer Zuccarelli, explained that "the agreement resolves all outstanding matters" between the bank and the MF Global "estate, its customers and creditors".
Earlier this month, Morgan Stanley appointed Capital Trust co-founder John R. Klopp John R. Klopp as head of Americas real estate investing and global real estate debt investing, as the bank bolsters its real estate business.
Morgan Stanley on Wednesday appointed Capital Trust co-founder John R. Klopp as head of Americas real estate investing and global real estate debt investing, as the bank bolsters its real estate business.
The acquisitions include substantially all of ING Real Estate Investment Management operations in Europe and Asia, as well as Clarion Real Estate Securities, its US-based global real estate listed securities business.
Although low interest rates are helping to encourage sales, they are also keeping the number of homes on the market relatively low, said William Peppitt, the head of residential real estate in southeast England for Savills, a global real estate firm.
Jones Lang LaSalle, a global real estate services firm, estimates that available commercial real estate in central Tianjin will double in the next four years.
An El Paso native, Mr. Sanders founded the real estate firm LaSalle Partners, which later merged into what is now the global real estate services provider Jones Lang LaSalle.
That push-and-pull stands at the heart of global real estate investing, and is why investors change their opinions of real estate investment opportunities from year to year.
"There is lots of money going around the world these days," says Steve Laposa, director of the global real estate research group at PricewaterhouseCoopers. Increased transparency has made international real estate purchases less risky, he says.
