Japan-US Business Report LogoJapan-U.S. Business Report

No. 340, January 1998

Issue Index

 Japanese Companies in the US


CONSTRUCTION AND REAL ESTATE

Continuing business problems at home are forcing Japanese real estate investors to sell off more properties in the United States as part of their restructuring. For example, a U.S. subsidiary of general contractor HAZAMA CORP. recently took a loss on the $237 million sale of a 44-story office building in Seattle to an affiliate of a Canadian company. The Hazama firm, PACIFIC EAGLE CORP., was liquidated following the sale.

An exchange rate of ¥130=$1.00 was used in this report.
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