The Real Deal New York

From the September issue: More than a decade and a half after
Japanese companies began unloading their New York real estate
portfolios, which had included icons like Rockefeller Center, the
Tiffany Building and Essex House, Japan has again become a major force
in reshaping the city skyline. But today, the impact is seen not in the
buying and selling of trophy buildings — it’s in the designing of
them. Following a long financial downturn that began in the early
1990s, Japan faltered economically but flourished culturally, according
to Clifford Pearson, the deputy editor-in-chief of Architectural Record
and a former Japan Society fellow.