The Naples Daily News from Naples, Florida • 148

Sun May 3 1987 MH NAPLES DAILY NEWS Foreign Dollar Of Investors Is Growing Where you live and the kind of lifestyle you want a difference Here it starts with a warm welcoming smile Friendship personal concern serenity plus an easy yet active adult life is all yours Sparkling with charm and graciousness a fabulous Recreation Center offers: billiards dancing card games bingo nights arts and crafts A pool and spa with sundeck shuffleboard and much more is also available to you Naples Estates is a caring community offering the latest in well-designed manufactured homes affordably priced from '29990- Visit Naples Estates See our furnished models Let our friendly Sales Representatives show you around Find out why the smart folks are already here Models an open Mon to Sat 9 to 5 Or call: 813-774-6741 PravMmca Journal Foreign investment in the United States is reported to be increasing by $100 billion a year with the total now over $1 trillion Foreign stake comes to an estimated 3 percent to 5 per cent of corporate America and brokers and bankers around the country say their appetite is growing A CALIFORNIA MERGER specialist projects that foreign investors this year will buy nearly 4000 midsized American companies That according to the Geneva Companies of Costa Mesa Calif is a 20 percent increase over 1986 By year's end Geneva says foreigners will buy one in five American companies sold in the $1 million to $50 million range our Marshall Plan coming said Bernard Roth a senior vice president at Hospital Trust Bank in Providence RI a ripple said investment banker Angus Macdonald "A significant investment affects But don't ask Roth or Macdonald to talk in detail about the deals that they hope will someday make headlines INVESTMENT BROKERS and bankers are a secretive group They rarely show their hand and then often just a line in a advertisement announcing a deal To insure confidentiality Macdonald for example works by himself Without any associates Macdonald says he doesn't have' to worry so much about leaks Former Rhode Island Governor Joseph Garrahy another member of the fraternity will only discuss deals that have already been made Garrahy during a recent interview had a secrecy pledge tucked inside a notebook Until he signs Garrahy said a company let him see its books It's no secret however why foreign investors have been buying American THE BROKERS and bankers point to exchange rates tariffs taxes and technology why: Exchange rates: With the dollar falling against the yen and other currencies foreign products have become more expensive for American consumers but American companies also have become cheaper to operate for foreign corporations So instead of making a product overseas and shipping it to the United States the manufacturer moves his factory to America Tariffs: With Congress sounding a protectionist alarm some foreign manufacturers have an added reason to relocate They are afraid Washington will price their products out of the American market The Japanese have already opened a string of auto assembly plants here The South Koreans are following suit In 1984 the International Trade Administration hit Goldstar and Samsung both based in South Korea with import penalties that increased the cost of their color televisions LATER THAT YEAR Samsung built a color TV and microwave factory in New Jersey Taxes: Last tax bill cut the maximum corporate tax rate from 46 percent to 34 percent According to the Treasury Department US corporate taxes will soon be lower than those of any of its major trading partners In comparison the corporate top rate is 56 percent in West Germany 50 percent in France 43 percent in the Netherlands 35 percent in Britain and 433 percent in Japan "Buyers from around the world recognize the United States emerging as a corporate tax said RM Rodnick chairman of the Geneva Companies Technology: Despite America's problems in the computer-chip business the country still leads the world in other fields In the life sciences such as genetic engineering Macdonald who has degrees in both business and biology said American researchers are 18 months ahead of the Japanese and two years ahead of the Europeans APPARENTLY easier to invest in American research ventures than trying to catch up Since 1978 foreigners accounted for 15 percent of the $156 billion invested by venture capitalists in American start-up industries according to a monitoring firm in Wellesley Hills Mass "A lot of it was for strategic pur said Stephen Piper spokesman for Venture Economics Inc "They want to get a window on new Not all the foreign investment deals are made by the middlemen But frequently an investment banker who puts the foreign buyer together with the American seller Macdonald recently matched German corporation with an American pharmaceutical research firm The Germans wanted the technology The Americans needed capital and access to European markets In this case Macdonald had been retained by the American company to find investors And from a past job Macdonald said he knew the German investors were interested in his client's research BUT IN THE foture Macdonald said he hopes to match buyers and sellers with whom he may have had no contact by reading scientific and trade magazines He said he gets and reads 30 a month "I understand the technology my leg Macdonald said and modification of other existing facilities The Caesars Palace casino restaurant expansion will cost an estimated $25 million The casino addition will provide 24 table games and 600 slots video games The casinorestaurant expansion is scheduled to commence in early 1988 Groundbreaking for the shopping complex is scheduled for June 1 1988 and will provide 575000 square feet of retail space for the first-phase estimated at a construction cost of $100 million Completion of the first phase it scheduled for August 1990 Hie second phase with a start date to be announced will feature an additional 300000 square feel of retail shopping at an estimated cost of $50 million Henry Gluck chairman of the board and chief executive officer for Caesars World Inc announced the developer for The Forum at will be Sheldon Gordon of The Gordon Company of Lot Angeles "We have been working with Mr Gordon in planning this proj ect for more than two years and we're very proud to be associated with his said Gluck Gordon is widely regarded at one of the most creative and successful developers in the retail in dustry today "We will be working hand ir hand with his company to ensure that the Caesars standard of qual ity and excellence is prevalent throughout this Caesars Palace Planning Expansion Beautiful condominium homes with magnificent view looking over Countryside Golf Course the 18 hole Championship Arthur Hills designed golf course bedroom 2 bath residences with screened patio garage and all appliances are priced from H01 All home owners automatically become members of the country club with full use of all club amenities 3 tennis courts 18 hole championship golf course swimming pool spa magnificent clubhouse and exercise room Where In Naples can you own ail this for 01 900 Only at Countiyslde Verandas LAS VEGAS Nev-(BW-Cae-sars Palace last week announced a major expansion and development project on the 80-acre resort site featuring an exclusive Roman -themed shopping complex as its main attraction Called The Forum at the unique shopping complex will feature Roman architecture and will be interconnected with the north end erf Caesars Palace Plans include a 25000 square-foot expansion to the Palace's north Olympic Casino with both the interior and exterior design providing a spectacular Roman to The Forum at The development plan calls for an enclosed air-conditioned 150-store shopping center containing three anchor stores within a combined 875000 square feet of retail space parking facilities for more than 3000 cars a 15-acre open air Roman village bazaar and a marketing concept aimed at attracting an upscale customer group 'The Forum at shopping complex will be constructed at an estimated cost of $150 million which will be borne by an outside developer who will be financially responsible for the construction as well as its operation The developer will lease the property site from Caesars Palace Along with the 25000 square-foot casino addition Caesars expansion plan includes a new 125-sheet Chinese restaurant various food and beverage outlets Sales Information Center Now Open 581 Countryside Drive 774-5585 (Enter Off Davis Boulevard 1 Mile East of Foxfire) Condominiums ertrvY3113Vm'i Villa Homos From 78900 fir 0 LJl From 135000 775-3533 5 793-3302 1) vmvmi.