The stock of the world's largest chipmaker has lost more than half of its value since the beginning of the year, when optimism for a recovery in technology spending was higher.
Not by coincidence, pulling that land off the market will also enhance the valueof parcels still in the banks' hands, aiding their recovery from their bad-debt woes.
Its demise also is a reminder that the real-estate recovery is pressuring some cities to weigh the valueof older buildings that are often prime candidates for demolition and aren't protected by landmark status.
Japan has looked on in alarm as the rise in the valueof the yen is impacting Japanese exports and threatens to choke off any hope of economic recovery.
But it has also inflated the valueof resource-scarce Japan's imports of crude oil and other commodities, which offset a recovery in demand for Japanese-made vehicles and machinery.