INDUSTRY TRENDS
Most current topics on company strategies, policies, technologies, etc.
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U.S.-based BEST WESTERN to Establish Largest Hotel Chain in Asia by 2010
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TOKYU LIVABLE and 4 Other Real Estate Companies Establish Real Estate Auction Council
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DAVINCI Files Suit against Tenants in Shinjuku Maynds Tower for Rent Increase
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JONES LANG LASALLE Opens Hokkaido Office
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Rent Revision Results in Cancellation of Early Termination of Lease Contract for ITO-YOKADO Higashi-Narashino Store Owned by TOP REIT
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LOCAL
JAPAN RETAIL FUND Reduces Rent of ITO-YOKADO Narumi
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PARCO Temporarily Closes Shibuya Parco Part 2 Due to Insufficient Quake Resistance
DEALS
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DAIWA SECURITIES SMBC PRINCIPAL INVESTMENTS Acquires Four Office Buildings Including Former Daishinto Headquarters Building for Approx. 15.6 Bil. Yen
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ARDEPRO Raises Approx. 30 Bil. Yen from GOLDMAN SACHS through Third Party Allotment of Shares
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U.K.-based GROSVENOR Executes Derivative Transaction Aimed at Japanese Real Estate
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U.S.-Based PROSPECT Increases Its Share in FC RESIDENTIAL to 39.68%
PROJECTS
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Think Park Tower Opens in October with Office Floors Fully Occupied
DEALS
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NIPPON TOCHI-TATEMONO Creates New Fund of 20 Bil. Yen to Include Five Buildings Including in Shin-Ochanomizu, Tokyo
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URBAN CORPORATION Enters Partnership with AMANRESORTS to Develop Resort Facilities Overseas
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XYMAX to Move Head Office into Company-owned Building Currently under Construction in Akasaka 1-Chome, Tokyo
DEALS
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CREED CORPORATION Acquires Office Building in Seoul; Invests Aggressively in Real Estate in Korea and China
DEALS
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SANKO TECHNO Moves to Nagareyama-Otakanomori after Selling Headquarters in Higashinippori, Tokyo
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