Honolulu
Tennessee Billionaire Acquires Over 3,000 Acres of Land on Kauai
Tennessee billionaire Brad Kelley has recently purchased over 3,000 acres of agricultural land on the island of Kauai, the Pacific Business News reports. Lihue-based Grove Farm Co., which is owned by AOL founder Steve Case, sold the property for an undisclosed amount. The land is located in the Puhi area of Lihue.
Terramar Pays $99.5M for Safeway-Anchored Shopping Center in Ewa Beach
In a $99.5 million deal, California-based Terramar Retail Centers has purchased the newly developed 223,000-square-foot Laulani Village Shopping Center in Ewa Beach, Oahu from Property Development Centers, a subsidiary of Safeway Inc.
Terramar Acquires New Retail Center on Oahu for $100M
Terramar Retail Centers has purchased, for $100 million, the Laulani Village Shopping Center, a 223,000-square-foot neighborhood retail center in Ewa Beach, Oahu, Hawaii.
Developers Plan Second Luxury Condo Complex at Ala Moana Center in Honolulu
An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu.
Downtown Capital Gains State Agency Approval for Second Condo Tower on Former Honolulu Advertiser Site
The Hawaii Community Development Authority (HCDA) has approved the construction of a second affordable condominium high-rise on the site of the former Honolulu Advertiser building in Kakaako. The back portion of the facility will be demolished to make room for the new development.
Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating
The Howard Hughes Corporation’s massive Ward Village mixed-use residential community in Honolulu has been awarded LEED Neighborhood Development Platinum certification.
A&B to Acquire Hawaii Commercial Portfolio from Kaneohe Ranch and the Harold K.L. Castle Foundation
In a $373 million deal, Alexander & Baldwin, Inc. has agreed to purchase the Hawaii commercial real estate portfolio of Kaneohe Ranch and the Harold K. L. Castle Foundation.
City Council Green-Lights Castle & Cooke’s Koa Ridge Master-Planned Development
The Honolulu City Council has approved the rezoning of agricultural land in Central Oahu, the Pacific Business News reports. The decision paves the way for the development of Castle & Cooke Hawaii Homes’ Koa Ridge master-planned community, which calls for 3,500 single- and multifamily homes, a medical center, a mixed-use village center, shopping outlets, a hotel, light industrial, recreation areas, as well as churches and open space. The project is slated to rise across 576 acres of land located between Mililani and Waipio.
Partners Purchase Leasehold Interest in Ohana Waikiki West Hotel; FBI Building Achieves LEED Gold
Boston-based Rockpoint Group, local firm BlackSand Capital and California-based management firm Evolution Hospitality have announced the leasehold purchase of the 659-room Ohana Waikiki West hotel in Honolulu.
Turtle Bay Expansion Plans Move Forward
The City and County of Honolulu’s Department of Planning and Permitting has approved a final environmental impact statement for the $770 million redevelopment of the 880-acre Turtle Bay Resort, the Pacific Business News reports.