1. And even some Japanese companies are writing off investments they made in office buildings, golf courses, movies studios and other trophy properties around the world. 2. As a result, he said, money flowed into the development of luxury housing and other trophy properties until there were so many that the market collapsed. 3. In competing for trophy properties like publishers, movie theaters and television and radio chains, Hicks has dropped his resistance to joining auctions. 4. It also touched off an overseas buying spree in which Japanese companies paid ridiculously inflated prices for American resorts, hotels and trophy properties such as Rockefeller Center. 5. Rather than chasing expensive trophy properties, Green has specialized in older commercial buildings in good locations. 6. Shorenstein is a closely held private company with deep roots in San Francisco and an appetite for so-called trophy properties in major cities around the country. 7. The complex is the latest trophy property to be sold by corporate America as businesses look to shed costly real estate assets with low returns. 8. The REIT is poised to take ownership of Rockefeller Center from the two partnerships through which Rockefeller Group owns the trophy property. 9. To estimate that number, Boldrey says, an appraiser would check the value of trophy properties around the United States. 10. Trophy properties include the Mayfair Hotel in New York and Mauna Lani Orchid in Hawaii. |
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