EDITORS' PICK
Tokyu Land purchases two rental apartment buildings in New York
Shibuya-ku’s Tokyu Land acquired two rental apartment buildings in Manhattan and Brooklyn of New York City, U.S.
Foreign investors sold 116.6 billion yen [$750 million] more in Japanese real estate investment trusts than they purchased in 2024, the largest sell-off by this group in nine years.
Shibuya-ku’s Tokyu Land acquired two rental apartment buildings in Manhattan and Brooklyn of New York City, U.S.
Local Markets: Fukuoka
Large transactions exceeding 10 billion yen completed in nearby districts
A series of large office building redevelopment projects have been carried out in central Fukuoka City. Amid new supply significantly exceeding the past average in 2024, a building has appeared that sets a new record for office rent in the Fukuoka area. It is the soon-to-be-completed One Fukuoka Bldg., one of the flagship projects in the “Tenjin Big Bang.” With a shortage of properties for sale in the city center, investment areas are expanding to include the surrounding districts. Large transactions exceeding 10 billion yen continue to take place there.