Omotesando low-rise rumored to sell for 25 billion Yen

Last week the Nikkei Real Estate Market Report announced that the rumored sale price of the Forest Hills retail and office building in Omotesando was 25 billion Yen (approx. US$165 million).Read more

Omotesando retail sells for over 5 billion Yen

A 3-story retail building alongside Kotto-dori Street in Omotesando has reportedly sold for 5.383 billion Yen (approx. US$37 million). The seller was the Japan Metropolitan Fund Investment Corporation, a J-REIT. The buyer was not disclosed but is a domestic corporation.Read more

Omotesando office/retail buildings sold to domestic buyer

Two buildings alongside Omotesando’s Kotto-dori Street have been sold to a Kobe-based realtor.Read more

Luxury rental apartments planned for 7,000 sqm site in Omotesando

Action is finally underway for the long-idle site of the former Floracion Hotel in Minami Aoyama with Sumitomo Realty & Development announcing plans for a 70-unit luxury rental apartment building.Read more

Omotesando retail flipped again

The Almost Blue retail building in Minami Aoyama has changed hands for the 3rd time in as many years.Read more

Appliance manufacturer acquires Forest Hills in Omotesando

Rinnai Corporation has acquired Forest Hills East and West in Omotesando for an undisclosed price. The two buildings have a total floor size of 5,551 sqm (59,700 sq.ft) and sit on 1,843 sqm of land in the Minami Aoyama 4 Chome address.Read more

Renderings for the Kita Aoyama 3 Chome Redevelopment

Last year, the Tokyo Metropolitan Government released the environmental impact statement for the Kita Aoyama 3 Chome Redevelopment project. This will see former public housing in Omotesando replaced with a 180-meter tall mixed-use high rise.

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