Honolulu
Hilton Plans Entree into Last Hampton-Less Bastion
Hilton Worldwide’s subsidiary Hampton Hotels has announced plans to open a 175-key property in Hawaii, the last U.S. state without a Hampton hotel to date. Construction on the project is expected to begin in mid-2015.
Alexander & Baldwin Buys Honolulu Industrial/Office Building for $39M; Lahaina Cannery Mall Sells for $58.5M
In a $39 million deal, Alexander & Baldwin Inc. has acquired Kakaako Commerce Center, a seven-story warehouse and office building in downtown Honolulu.
HCDA Green-Lights Ward Village Gateway Project in Kakaako; OliverMcMillan to Develop 400-Unit Residential Community in Kapolei
By Adriana Pop, Associate Editor The Hawaii Community Development Authority has approved the first residential and commercial development project included in Phase Two of the Ward Village Master Plan in Honolulu, which consists of two high-rise towers with street-level commercial and recreational space. According to the Pacific Business News, the upcoming Ward Village Gateway mixed-use […]
$500M Remake of Kauai’s Princeville Resort to Bring 600 Jobs
With the $500 million redevelopment of an approximately 1,100-acre portion of the Princeville Resort in Hanalei on Kauai’s North Shore, the Garden Isle’s economy could gain up to 600 permanent jobs along with an annual multi-million dollar cash flow.
CRE Investors Set Sights on Secondary and Sunbelt Markets
JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re even turning their eyes toward the tertiaries.
JW Marriott Ihilani’s Transformation into a Four Seasons Resort to Cost $500M
Hawaii real estate developer Jeff Stone has partnered with Canada-based Westbank to buy and re-brand the JW Marriott Ihilani hotel at the master-planned Ko Olina community in West Oahu into a Four Seasons resort. Cornerstone Real Estate Advisers LLC is the seller of the property.
Construction Begins on A&B’s “The Collection” Condo High-Rise in Downtown Honolulu
A&B Properties held a traditional Hawaiian groundbreaking and blessing ceremony for its $200 million, 465-unit luxury condominium complex in Honolulu, the Pacific Business News reports.
Avalon Development Celebrates Construction Start on $165M Hawaii Kai Apartment Complex
Construction on a 269-unit Hawaii Kai residential rental project that was initially planned as a luxury condominium complex is set to begin this Friday, with a groundbreaking ceremony.
Construction to Begin on Forest City Hawaii’s $140M Apartment Complex in West Oahu; Hunt Development Breaks Ground on $65M Luxury Residential Project on Maui
Construction on Forest City Hawaii’s 499-unit mixed-use residential rental complex on West Oahu will soon begin, the Pacific Business News reports.
Capbridge Group Invests $300M into Maui’s First Hilton Grand Vacations Timeshare Property
Japanese investment firm The Capbridge Group, through its local subsidiary, Capbridge Pacific LLC, is planning to invest $300 million into the development of Maui’s first Hilton Grand Vacations time-share resort.