Last Update: 08/18 2017 06:00 JST

Property Deals

News on transaction information gathered from our proprietary sources

  • Antique dealer purchases office and retail building in Shiba-Daimon, Minato-ku 08.18.2017

    Chuo-ku antique shop operator Hyakusho obtained Arte Building Shiba-Daimon, an office and retail building in Shiba-Daimon, Minato-ku. The transaction took place in March 2017. The sellers were and individual and Miyakejima Kensetsu Kogyo of Miyake-mura, Tokyo, which is engaged in civil engineering and construction, waste treatment and other businesses. Miyakejima Kensetsu Kogyo has a branch office in the building. >>

  • Hong Kong’s Phoenix acquires over 30,000 m2 GFA building in Osaka 08.18.2017

    It was revealed that Hong Kong’s Phoenix Property Investors acquired Edobori Center Building, a high rise office building in Nishi-ku, Osaka City. It is a large property having 22 floors above ground and one below with a gross floor area of 32,539 m2 and was transacted in December 2016. Mitaka Media Network, the seller of the property and a real estate company based in Osaka City, combined the co-ownership interest owned by two other companies and sold it to a special purpose company of Phoenix on the same day. The transaction price is unknown but it is considered to be well over 10 billion yen [$88 million]. >>

  • Dualtap disposes of Hakodate, Hokkaido hotel 08.17.2017

    Investment condominium developer Dualtap sold Hotel Promote Hakodate in Hakodate City, Hokkaido. The transaction took place in July 2017 and the buyer was Osaka City's Craft Partner, an affiliate of real estate company Craft Corporation of Hiroshima City. >>

  • Steakhouse operator acquires building in Nagoya for HQ 08.17.2017

    Steakhouse operator Bronco Billy of Nagoya City purchased the Netsuka Building in Tsubaki-cho, Nakamura-ku, Nagoya City. The transaction took place in June 2017 and the price was 1.6 billion yen [$14 million]. The seller was Nagoya City's real estate company Homes Palette.>>

  • Chugai Warehouse acquires office building in Yokohama 08.10.2017

    Chugai Warehouse & Transportation of Yokohama City, which is engaged in the logistics businesses including the operation of warehouses and customs clearance, acquired the Ito Building, an office property in Kanagawa-ku, Yokohama City. The transaction took place in April 2017 and the seller was Yokohama City real estate company Prime Estate. >>

  • Open House acquires former Mizuho Bank dormitory for condo 08.10.2017

    Open House Development of Chiyoda-ku, which is under the umbrella of homebuilder Open House, acquired Sakurayama Heights in Higashi-Nakano, Nakano-ku in March 2017. Open House Development plans to redevelop the property into a for-sale condominium. The seller was Mizuho Bank.>>

  • Sumitomo Life sells 11,400 m2 GFA office in Kachidoki, Chuo-ku to Angelo Gordon (updated) 08.10.2017

    Sumitomo Life Insurance of Osaka City sold the Sumitomo Seimei Kachidoki Building Kita-kan in Kachidoki, Chuo-ku, Tokyo. The transaction took place in March 2017 and the buyer was Harumi Investments TMK, a special purpose company of U.S. Angelo Gordon. The preferred capital of the SPC is 1.76 billion yen [$16 million]. Sumitomo Mitsui Banking Corporation underwrote TMK bond and provisionally registered a mortgage in the maximum amount of 4.65 billion yen [$41 million].>>

  • Japan Excellent REIT to acquire additional interest in Akasaka Garden City 08.09.2017

    On August 10, REIT Japan Excellent, which is sponsored by Nippon Steel Kowa Real Estate and Dai-ichi Life Insurance among others, will acquire additional ownership of Akasaka Garden City in Akasaka, Minato-ku. The acquisition price will be approximately 869.59 million yen [$7.7 million]. The sellers are multiple individuals and a Japanese general company.>>

  • Starts acquires apartment tower in Yokohama's Yamashitacho 08.09.2017

    Real estate company Starts Corporation purchased Stylio Yamashita Koen The Tower, a rental apartment building in Yamashitacho, Naka-ku, Yokohama City. The transaction took place in April 2017 and the seller was railway operator Tokyo Corporation.>>

  • Hankyu Corp acquires retail buildings in Omotesando area 08.09.2017

    Osaka-based railway operator Hankyu Corporation purchased retail buildings in Jingumae, Shibuya-ku and Kita-Aoyama, Minato-ku, Tokyo. The transactions took place in April 2017. The buyer will lease the properties to tenants for the time being. The seller was a private REIT specializing in retail facilities formed by Hiroshima’s real estate company Marimo in March 2016. >>

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