Kita Aoyama buildings to sell for 18 billion Yen
ORIX JREIT is disposing of two buildings in Kita Aoyama, Tokyo, in preparation for potential redevelopment. The REIT is selling Aoyama Suncrest Building and its adjoining Kita Aoyama Building back to its sponsor for a combined 18 billion Yen (approx. US$120 million).Read more
Shinagawa office sells for 5.5 billion Yen
A J-REIT has sold a 33-year old office building in Shinagawa for 5.57 billion Yen (approx. US$37 million), 215% above its approximate book value and 15% above its appraisal.Read more
250m tall tower to transform Yaesu's office market
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station. TOFROM Yaesu is a 250-meter tall, 51-story office tower due for completion in early 2026. Redevelopment discussions began in 2000.Read more
180m tall office tower completed in Toranomon
Construction of Toranomon Alcea Tower was officially completed on February 14, though tenant move-ins are expected to begin towards the end of the year. The 38-story office building was built on the former site of Toranomon Hospital, which was recently rebuilt next-door as part of a larger block redevelopment.Read more
Toyota acquires office building near Tokyo Tower
Toyota Fudosan is acquiring the trust beneficiary rights to Shiba NBF Tower in central Tokyo. The tenant office building is walkable distance from three stations and six train lines.Read more
REIT sells 50% ownership of Shinagawa office tower
Global One Real Estate Investment Corp has sold its 50% stake in an office tower in Shinagawa to an undisclosed buyer as vacancies rise.Read more
Imperial Theatre redevelopment plans announced
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a 155-meter tall, 29-story mixed-use tower. This is a joint venture between Mitsubishi Estate, Toho Co., and the Idemitsu Museum of Arts foundation.Read more