Property

Companies

Sumitomo Realty & Development: Japan’s leveraged property developer and the Shinjuku skyline

The third of Japan's big-three property companies — and the most balance-sheet-aggressive. How Sumitomo Realty's Shinjuku tower portfolio, City Tower condominium engine and renovation arm define a distinctive position in Tokyo's property oligopoly.

Companies

Mitsui Fudosan: The aggressive developer redrawing Japan’s skyline

Why Mitsui Fudosan's Mid-Town redevelopments, LaLaport malls, Mitsui Outlet Park chain and overseas bets — including 50 Hudson Yards and 270 Park Avenue — make it the entrepreneurial counter-balance to Mitsubishi Estate.

Companies

Mitsubishi Estate: The Marunouchi landlord

Why Mitsubishi Estate's ~30-building grip on Marunouchi, the Rockefeller Center round trip, the Paternoster Square anchor in London, and the perpetual redevelopment cycle make it Japan's most strategically located property company.