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(Feb 1): Japan’s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances. In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group Inc. and logistics firm Nippon Express Co. are now considering selling their Tokyo headquarters. Avex Inc., an entertainment company, also plans to offload its head office in the Japanese capital. Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases. ....
Advertising agency Dentsu Group Inc. and logistics firm Nippon Express Co. are among those firms now considering selling their Tokyo headquarters. ....
TOKYO (BLOOMBERG) - Japan s decades-long love affair with status-symbol office towers is now fading, as the pandemic upends work styles and puts a strain on company finances. In a country where companies have long taken pride in owning their buildings, advertising agency Dentsu Group and logistics firm Nippon Express are now considering selling their Tokyo headquarters. Avex, an entertainment company, also plans to offload its head office in the Japanese capital. Companies around the world are paring office space as workers stay at home during the pandemic, giving firms an opportunity to save costs and raise cash. In Tokyo, office vacancies have surged to a five-year high and may continue to climb as the government urges people to work remotely to curtail the latest wave of coronavirus cases. ....
Greenberg Traurig Expands Asia Real Estate Practice and Boosts Japan Real Estate Offering; Adds Strategic Hire Mori Inada in Tokyo Share Article Global law firm Greenberg Traurig, LLP has continued the expansion of its Asia real estate practice with the addition of Mori Inada as a shareholder in its Tokyo office. Inada joins the firm from Morrison & Foerster, where he was a partner. NEW YORK (PRWEB) January 14, 2021 Global law firm Greenberg Traurig, LLP has continued the expansion of its Asia real estate practice with the addition of Mori Inada as a shareholder in its Tokyo office. Inada joins the firm from Morrison & Foerster, where he was a partner. ....