Megamalls' next stop: Japan

Article Abstract:

American Malls International Corp. intends to put up a theme shopping center outside Tokyo, Japan with an investment of $165 million. Koll, the Real Estate Services Co., which plans to construct a number of shopping centers in Japan, will have its first in Osaka, Japan. The two firms aim to build shopping malls in Japan which will feature bigger space and a wide selection of discount retail shops. The plans are expected to perk up the prices of real estate in the places where the malls are to be put up.

Subdividers and developers, not elsewhere classified, Shopping Center Developers, Japan, Retail trade, Shopping centers, American Malls International Inc., Koll, the Real Estate Services Co.

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Rockefeller move allows Mitsubishi to narrow focus

Article Abstract:

Mitsubishi Estate Co. Ltd. prioritizes reduction of its interest-bearing debt over investing more money in the Rockefeller Center. Mitsubishi Estate, which owns 80% of the Rockefeller Center, has put the property into bankruptcy when it found out that rental income could not offset mortgage costs. The company has decided to transfer the Rockefeller title to the real estate investment trust that holds the mortgage.

Real Estate, Real Estate and Rental and Leasing, Management, Real estate industry, Rockefeller Center

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Bottoming of rents may be good news for Mitsubishi Estate

Article Abstract:

The improving demand for upscale properties and impending changes in government's tax policy are seen to bolster stocks of Mitsubishi Estate, the leading real estate developer in Japan. Analysts predict that the company's stocks could climb to 1,500 yen ($16.95) until Dec. 1995. The increased demand for non-prime properties has jacked up rents, which in turn, have pushed up the demand for prime property.

Subdividers & Developers, Subdividers and Developers, Evaluation, Real estate developers, Stocks, Securities

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