Honolulu
Kamehameha Schools Places Royal Hawaiian Center in Waikiki on Leasehold Sale
Kamehameha Schools has announced its intent to sell the buildings at Royal Hawaiian Center in Waikiki while retaining ownership of the underlying lands.
City Council Green-Lights Central Y Property Redevelopment Downtown
Plans for the redevelopment of the current YMCA of Honolulu facility are moving forward.
HCDA to Review Franco Mola’s Scaled-Back Honolulu Condo Project in January
The Hawaii Community Development Authority will officially unveil the 803 Waimanu St. condominium project in Kakaako in November. According to the Pacific Business News, California-based real estate developer Franco Mola is proposing the construction of a 65-foot, seven-story building with 153 market-priced residences, 30 of which will be slated for reserved housing. Plans also call for 8,477-square-feet of recreation space and ground-floor parking for 92 vehicles.
Allied Builders System Tapped to Develop Kamehameha Schools’ Retail Project in Haleiwa
Honolulu-based general contractor Allied Builders System has been selected to oversee the construction of a 27,000-square-foot commercial center in the Oahu North Shore town of Haleiwa. Kamehameha Schools made the announcement during the project’s groundbreaking blessing ceremony on September 26th.
Robertson Properties Group’s $767M Aiea Project Could Break Ground Next Year
Robertson Properties Group expects to break ground on its $767 million, 1,500-home mixed-use development in Aiea in 2014, the Pacific Business News reports.
A&B Properties to Acquire Kahala Properties from Kawamoto
In an off-market transaction, A&B Properties, the real estate subsidiary of Alexander & Baldwin, has paid approximately $98 million to acquire a portfolio of 31 residential properties from Japanese real estate investor Genshiro Kawamoto. Twenty-seven of the properties are located on Kahala Avenue, Honolulu’s premier residential address, which spans along the ocean from Diamond Head to Waialae Country Club, home of the Sony Open, and the world-famous Kahala Hotel & Resort.
Sales Underway for OliverMcMillan’s Reserved Housing Units at Symphony Honolulu
The sales process for the reserved housing units at the mixed-use Symphony Honolulu condominium tower in Kakaako has begun. According to the Pacific Business News, a total of 100 residences are available for families earning less than 140 percent of the Honolulu area median income. Applications are being accepted through September 24.
A&B’s The Collection Condominium High-Rise in Kakaako Draws Good Response from Buyers
A&B Properties’ latest condominium development slated to rise at 600 Ala Moana Blvd. in Honolulu’s Kakaako neighborhood has registered strong sales. According to the Pacific Business News, about 60 percent of the 397 units in The Collection have been sold during the opening sales weekend.
HCDA Approves Howard Hughes Corp.’s Project for 2 M-U Towers in Honolulu
Phase One of Ward Village, a massive mixed-use complex planned for 60 acres between downtown Honolulu and Waikiki, got a big boost this week when the Hawaii Community Development Authority approved two more towers to be built by the Howard Hughes Corp.
Hawaii Pacific University Completes First Sale of Special-Purpose Revenue Bonds
Hawaii Pacific University has announced the successful sale of all the securities in the first $42 million issue of its special purpose revenue bonds. The funds will be used to finance the overall development of the university, particularly the Aloha Tower Marketplace project in downtown Honolulu.