Honolulu
Queen’s Health Systems to Acquire Hawaii Medical Center West
by Adriana Pop, Associate Editor Queen’s Health Systems, the corporate parent of The Queen’s Medical Center, has signed a letter of intent and confidentiality agreement with St. Francis Healthcare System to explore the possibility of acquiring the former Hawaii Medical Center West campus. Formerly known as St. Francis West, the Ewa facility located on Fort […]
Hawaii’s First Seawater Air-Conditioning Project to Start Construction
by Adriana Pop, Associate Editor Honolulu Seawater Air Conditioning, LLC (HSWAC) is moving closer to begin construction on the state’s first seawater air-conditioning district cooling project. The Pacific Business News reports that the company is one month from choosing contractors to develop the $250 million renewable energy system in Kakaako. The seawater air conditioning firm […]
Hyatt Completes Largest Hyatt Place Hotel in U.S.
by Adriana Pop, Associate Editor Hyatt Hotels Corp. and management company Kokua Hospitality, LLC announced the opening of the second tower at Hyatt Place Waikiki Beach. The Diamond Head Tower joins the Pali Tower, the first tower, which opened in December 2011 as the first Hyatt Place hotel in the Hawaii market. Hyatt Place Waikiki Beach […]
DSI Buys 54 Dialysis Clinics from Fresenius
by Adriana Pop, Associate Editor DSI Renal announced that it has acquired 54 dialysis clinics from Fresenius Medical Care AG & Co. KGaA. Nine of the clinics are located on Oahu. The transaction triples DSI’s national footprint to 85 clinics in 23 states. Following the transaction, DSI and it will become the fourth largest for-profit provider of outpatient dialysis services […]
Glimcher Purchases Blackston’s Interest in Pearlridge Mall
by Adriana Pop, Associate Editor Glimcher Realty Trust is purchasing an 80 percent indirect ownership interest in Pearlridge Center, the second largest shopping mall in Hawaii. Glimcher is using a recent common stock offering, and possibly funds from its credit facility, to finance the purchase from affiliates of Blackstone Real Estate Partners VI. The purchase price will be about […]
First Wind Closes on $236M Loan for Hawaii’s Largest Wind Project
by Adriana Pop, Associate Editor
First Wind announced it has obtained $236 million in financing to develop Hawaii’s largest wind-energy project.
The 69 megawatt (MW) Kawailoa Wind farm will be built on Kamehameha Schools’ Kawailoa Plantation lands on the North Shore of Oahu. Once complete, the wind energy facility will have the capacity to power the equivalent […]
Bascom Buys $73.5M Property in State’s Largest Multifamily Acquisition Since ’07
by Adriana Pop, Associate Editor
The Bascom Group LLC has acquired Oasis at Waipahu Apartments, a 406-unit community in Waipahu, Hawaii for $73,500,000. The sale represents the state’s largest multifamily transaction since 2007.
In a recent announcement, Andrew Newton, principal at The Bascom Group, said this is the company’s sixth acquisition in Hawaii. “The Hawaii market has […]
$5.2B Honolulu Rail Project Remains Controversial
by Adriana Pop, Associate Editor
The City and County of Honolulu plans to develop a $5.2 billion elevated rapid-transit rail project covering a 20 mile route from East Kapolei to Ala Moana Center. The proposed rail line will pass Waipahu, Leeward […]
Authority to Review OliverMcMillan’s $200M Kakaako Tower
by Adriana Pop, Associate Editor
The Hawaii Community Development Authority has scheduled a public hearing to discuss the orientation of OliverMcMillan’s 40-story Symphony tower in Kakaako.
The $200-million, 407-unit, mixed-use condominium high-rise will be located at the corner of Kapiolani Boulevard and Ward Avenue […]
Honolulu Issues RFP for Management of City-Owned Affordable Housing
by Adriana Pop, Associate Editor
The City and County of Honolulu issued a Request for Proposals from private companies interested in managing and maintaining affordable apartment complexes on a long-term leasehold basis. According to the City’s application timeline, initial offers are […]