Figueroa @ Wilshire
1993 | Case No. RE127
This case summarizes the joint efforts of a Japanese investor (with considerable financial resources but little U.S. development experience) with a U.S. developer (with considerable development experience, but little local market expertise) to develop a 50-story office building in downtown Los Angeles. Some issues raised include: What each party gets out of a joint venture, Analyzing whether a building should have been built, Assessing whether this was a good entree into the U.S. market for a foreign investor and why this was difficult to do without a local partner, Predicting whether this project would be successful, Understanding the roles of key players in determining successful execution, Evaluating the structure of the arrangement between JV partners.
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