Last Update: 10/14 2026 06:00 JST

NIKKEI REAL ESTATE MARKET REPORT

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Nishimatsu Construction acquires additional interest in Shin-Osaka office building
DEALS
LOCAL

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

Nishimatsu Construction additionally acquired a 50% co-ownership interest in an office property in Nishi-Nakajima, Yodogawa-ku, Osaka City.

NEW
Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku
DEALS

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

NEW
Chuo-Nittochi acquires hotel in Nagoya
DEALS
LOCAL

Chuo-Nittochi acquires hotel in Nagoya

NEW
Daiwa House acquires building in Aoyama
DEALS

Daiwa House acquires building in Aoyama
Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles
TRENDS

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles
Compass Asset Management acquires newly built apartments in Setagaya-ku
DEALS

Compass Asset Management acquires newly built apartments in Setagaya-ku

LATEST NEWS

Record-High Expect “Rise” in Logistics Facility Rents
STATS

Record-High Expect “Rise” in Logistics Facility Rents

NEW
Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho
PROJECTS

Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho

NEW
Daiwa House sells mixed-use building in Yokohama
DEALS

Daiwa House sells mixed-use building in Yokohama

NEW
Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku
DEALS

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

NEW
Nishimatsu Construction acquires additional interest in Shin-Osaka office building
DEALS
LOCAL

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

NEW
Sun Frontier purchases Shinkawa, Chuo-ku building
DEALS

Sun Frontier purchases Shinkawa, Chuo-ku building

NEW
Sumitomo Corp acquires two adjacent buildings in Hirakawacho
DEALS

Sumitomo Corp acquires two adjacent buildings in Hirakawacho

NEW
Seiwa Building acquires apartment building in Tsukiji vicinity
DEALS

Seiwa Building acquires apartment building in Tsukiji vicinity

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EDITORS' PICK

Japan Post Real Estate establishes AM company, Y10bn fund
TRENDS

Japan Post Real Estate establishes AM company, Y10bn fund

Japan Post Real Estate established Japan Post Real Estate Investment Management, which is an asset management company. The new company has set the achievement of an AUM of 50 billion yen [$310 million] by fiscal 2028 as its first target.

KKR sells domestic hotel portfolio with 3,468 guestrooms
DEALS

KKR sells domestic hotel portfolio with 3,468 guestrooms
Hong Kong’s Weave completes exit of large Y55bn residential fund
TRENDS

Hong Kong’s Weave completes exit of large Y55bn residential fund
Tokyo Tatemono joins first Australian logistics fund
TRENDS

Tokyo Tatemono joins first Australian logistics fund
Brookfield invests more than Y100bn in Japan residences
DEALS

Brookfield invests more than Y100bn in Japan residences
Hulic and peers spend $1.5bn on Tokyo office tower deal
BUSINESS

Hulic and peers spend $1.5bn on Tokyo office tower deal
Japanese life insurers expand investments in property amid inflation
BUSINESS

Japanese life insurers expand investments in property amid inflation
Keppel and its REIT to acquire two data centers in Inzai City, Chiba
DEALS

Keppel and its REIT to acquire two data centers in Inzai City, Chiba
Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
TRENDS

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
GLP Japan’s latest fund completes closing with investment exceeding Y600bn
TRENDS

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

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Chuo-Nittochi acquires hotel in Nagoya

Hulic, others-invested SPC acquired office near Tokyo Station

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles

Seiwa Building acquires apartment building in Tsukiji vicinity

Sun Frontier purchases Shinkawa, Chuo-ku building

Mitsui to build data center in abandoned tunnel in Japan

Sumitomo Corp acquires two adjacent buildings in Hirakawacho

Compass Asset Management acquires newly built apartments in Setagaya-ku

Daiwa House acquires building in Aoyama

Avac acquires retail building near Shinsaibashi-suji Shopping Street
Castle in the Air
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: OCTOBER 2026

Investigation

Castle in the Air

Tracing the origins of a 200 billion yen pipe dream of Minnade Oyasan

The castle tower featured in the pamphlet was never an investment target. A majority of investor money was siphoned out through third-party beneficiary transactions. The plan for an ultra-luxury hotel with stays priced at “5 million yen per night” dissipated without ever taking shape. The remaining funds evaporated into purchases of helicopters and bonsai plants. This article traces the transactions surrounding a theme park acquisition lauded as the “preparatory project” for the Narita development through data and sources close to the matter.

Case Study | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles

Marubeni Asset Management launches fifth fund, cumulative AUM over Y100bn

Japan Post Real Estate establishes AM company, Y10bn fund

Former Murakami Fund affiliate offers new TOB for Sankei REIT

Hong Kong’s Weave completes exit of large Y55bn residential fund
MORE

DEALS

Daiwa House sells mixed-use building in Yokohama

Daiwa House sells mixed-use building in Yokohama

NEW

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

NEW

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

NEW

Sun Frontier purchases Shinkawa, Chuo-ku building

NEW

Sumitomo Corp acquires two adjacent buildings in Hirakawacho

NEW
MORE

PROJECTS

Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho

Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho

NEW

The Global developing apartment building in Nihombashi-Tomizawacho

Hoosiers acquires apartment development site in Nihombashi-Hamacho

Daiichi Realtor developing hotels in Nihombashi-Bakurocho and Higashi-Ueno

Mitsubishi developing hotel with over 10,000 m2 GFA in Osaka’s Dotombori
MORE

TENANTS

BuySell to relocate to Shinjuku Nomura Building for office expansion

BuySell to relocate to Shinjuku Nomura Building for office expansion

System developer Airu moving to Nihonbashi Nomura Mitsui Tower

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Copia to relocate to Yaesu Core, scheduled for 2029 completion

Nivea-Kao to move into wooden high-rise building in Nihombashi-Honcho
MORE

STATS

Record-High Expect “Rise” in Logistics Facility Rents

Record-High Expect “Rise” in Logistics Facility Rents

NEW

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops
MORE

LOCAL

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

NEW

Chuo-Nittochi acquires hotel in Nagoya

NEW

Avac acquires retail building near Shinsaibashi-suji Shopping Street

Marubeni Asset Management converting office to hotel in Hiroshima

Integral’s fund acquires buildings in Sendai and Shibuya
MORE

BUSINESS

Mitsui to build data center in abandoned tunnel in Japan
BUSINESS

Mitsui to build data center in abandoned tunnel in Japan
IHG to open premium hotels under new brand in Tokyo, marking first in Asia
BUSINESS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia
Osaka's entertainment ambitions for former Expo site draw few takers
BUSINESS

Osaka's entertainment ambitions for former Expo site draw few takers
Nozawa Onsen ski resort curbs development of tall hotels
BUSINESS

Nozawa Onsen ski resort curbs development of tall hotels
Existing condo prices in central Tokyo down for 4th straight month
BUSINESS

Existing condo prices in central Tokyo down for 4th straight month
Tokyo commercial land prices jump to 33-year high as remote work ebbs
BUSINESS

Tokyo commercial land prices jump to 33-year high as remote work ebbs
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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

103 Transactions Data - Up to April, 2009

74 Transactions Data - Up to March, 2009

81 Transactions Data - Up to February, 2009

3360 Transactions Data - Up to January, 2009 ( CSV only )

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