Monday, Feb. 06, 1989
Business Notes REAL ESTATE
American business leaders, who are eager to get Moscow's ear on joint-venture ideas, think they have found just the way to do it. A group of companies led by Dwayne Andreas, chairman of the agricultural giant Archer Daniels Midland, wants to buy the partly completed U.S. embassy in Moscow and convert it to office space for American companies doing deals there. Construction on the $22 million, eight-story facility was halted in 1985, when the U.S. discovered it was honeycombed with listening devices. If President Bush decides to pursue the proposal, he would have to persuade the Soviets to provide another site for the new embassy.