Honolulu
Sterling Organization Acquires 3 Retail Assets
The properties are anchored by Safeway supermarkets.
Blackstone JV to Acquire Alexander & Baldwin
Hawaii’s largest retail owner will become a private company after an all-cash transaction valued at $2.3 billion.
Work Begins on First of 6 Microgrids to Power Joint Base Pearl Harbor-Hickam
PEARL will comprise a 1.5-megawatts of solar photovoltaic integration, 500 kilowatt-hours of battery storage and the ability to restore 1MW of power with less than a 10 percent voltage drop.
iStar Affiliate Closes $535M in Ground Leases
The REIT finalized a previously announced joint venture agreement for a ground lease of 425 Park Ave. in Manhattan and the additional ground lease of a Honolulu hotel.
Hawaiian Electric Cos. Issue RFP for 900 MW Renewables
The request for proposals marks the largest single renewable energy procurements undertaken by a U.S. utility company.
Alexander & Baldwin Pays $90M for Hawaii Retail Asset
The company acquired a 135,000-square-foot retail center in the Waikoloa Beach Resort. The property is anchored by grocery store Island Gourmet Market.
Parallel Capital to Manage 1 MSF Honolulu Portfolio
The San Diego-based company assumed asset management of a collection of downtown Honolulu office and retail properties, and added a new regional vice president for the Hawaii market.
Marriott Courtyard on Hawaii Changes Hands
HFF worked on behalf of Pacifica Hotels to market the 452-key beachfront property, which comprises two connected six-story towers in the Kailua-Kona neighborhood.
Hilton Plans 388-Key Timeshare Resort in Hawaii
The project will mark the vacation ownership company’s 10th property in the state and its first on Maui.
Blackstone Buys Maui Hotel, Condo Property
Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.