Modernist hall in Okayama to be demolished
The modernist Okayama Civic Hall in Okayama City closed its doors at the end of last month as the city prepares for its demolition due to concerns over earthquake resistance.Read more
Hiramatsu hotel portfolio sold to fund
On March 27, LoadStar Capital announced the formation of a special purpose company to acquire six luxury hotels from restaurant operator Hiramatsu and real estate developer NTT Urban Development Corporation.Read more
Market overview of a Shinjuku multi-family building for sale
Let’s do a bit of a dive into a multi-family property listed for sale in central Tokyo recently.Read more
Off-market properties sourced in Q1
It has taken many, many meetings, but we have managed to source over ¥80 billion (US$530 million) in off-market listings to present to clients over this past quarter. Over 80% of those properties are in Tokyo’s 23 wards. Read more
Japan's land values reach highest level since 1991
Annual land values were announced on Tuesday and the return-to-work trend, recovery in inbound tourism, and a dispersal of attention away from Niseko and towards other cheaper ski resort destinations is apparent.Read more
Japan’s lawyer-only office buildings
Ever heard of a lawyers building (弁護士ビル) ? As the name suggests, they’re designed almost exclusively for law offices.Read more
REIT sells Shinagawa office at loss as vacancy rate jumps to 50%
A J-REIT has sold a large office building in Shinagawa at a 12% loss to an unnamed buyer. The sale price of 61 billion Yen (approx. US$403 million) is 12% below book value and 8.5% below an October 2023 appraisal.Read more