{"id":1004082305,"date":"2013-08-19T08:01:31","date_gmt":"2013-08-19T16:01:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=160270"},"modified":"2020-05-12T02:27:17","modified_gmt":"2020-05-12T10:27:17","slug":"hawaii-pacific-university-completes-first-sale-of-special-purpose-revenue-bonds","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hawaii-pacific-university-completes-first-sale-of-special-purpose-revenue-bonds\/","title":{"rendered":"Hawaii Pacific University Completes First Sale of Special-Purpose Revenue Bonds"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br \/>\n<w:HyphenationZone>21<\/w:HyphenationZone><br \/>\n<w:PunctuationKerning\/><br 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Name=\"Book Title\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"37\" Name=\"Bibliography\"\/><br \/>\n<w:LsdException Locked=\"false\" Priority=\"39\" QFormat=\"true\" Name=\"TOC Heading\"\/><br \/>\n<\/w:LatentStyles><br \/>\n<\/xml><![endif]--><!--[if gte mso 10]><\/p>\n\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n {mso-style-name:\"Table Normal\";\n mso-tstyle-rowband-size:0;\n mso-tstyle-colband-size:0;\n mso-style-noshow:yes;\n mso-style-priority:99;\n mso-style-parent:\"\";\n mso-padding-alt:0cm 5.4pt 0cm 5.4pt;\n mso-para-margin-top:0cm;\n mso-para-margin-right:0cm;\n mso-para-margin-bottom:10.0pt;\n mso-para-margin-left:0cm;\n line-height:115%;\n mso-pagination:widow-orphan;\n font-size:11.0pt;\n font-family:\"Calibri\",\"sans-serif\";\n mso-ascii-font-family:Calibri;\n mso-ascii-theme-font:minor-latin;\n mso-hansi-font-family:Calibri;\n mso-hansi-theme-font:minor-latin;\n mso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Aloha-Tower-Marketplace.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-160272\" title=\"Aloha Tower Marketplace\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Aloha-Tower-Marketplace.jpg\" alt=\"\" width=\"300\" height=\"209\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">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. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">According to the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.bizjournals.com\/pacific\/news\/2013\/07\/26\/hawaii-pacific-university-completes.html\" rel=\"nofollow\" >Pacific Business News<\/a><\/em>, a second sale of $38 million is expected to begin next summer, bringing a total of about $80 million in bond revenue. Plans also call for classroom improvements, new learning technologies, cultural venues and research laboratory upgrades at the university\u2019s campuses on Oahu.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cThe HPU bonds were quite well received by institutional investors. Some of the best names in the national bond markets made substantial purchases,\u201d said Lee White, executive vice president at George K. Baum &amp; Co., the investment banker for the HPU Series 2013 Bond Issue, in a news release. \u201cIt is a tribute to HPU management that so many prominent investors qualified these bonds for purchase.\u201d<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The approximately $30 million plan to redevelop the two-story <span style=\"mso-spacerun: yes;\"> <\/span>Aloha Tower Marketplace building into a 300-unit student dormitory and multi-use complex is expected to break ground in September. Barnes &amp; Noble College, one of the project\u2019s new retail partners, will open a 7,200-square-foot bookstore on the first floor of the complex during the 2013-14 school year. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"mso-spacerun: yes;\"> <\/span>\u201cThese funds are critical elements for the repositioning of HPU within the higher education landscape,\u201d stated HPU President Geoffrey Bannister. \u201cAs we realign operational budgets to our new strategic priorities, including the Oceanic Institute, we are simultaneously expanding our capital resources to re-imagine the physical campus to meet the needs of a modern, high-touch-high-tech university.\u201d<\/span><\/p>\n<p class=\"MsoNormal\"><em><span style=\"font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi;\" lang=\"EN-US\">Photo credits: www.alohatower.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1269,"featured_media":1004505829,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588],"tags":[1815],"class_list":["post-1004082305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-honolulu","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hawaii Pacific University Completes First Sale of Special-Purpose Revenue Bonds - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hawaii-pacific-university-completes-first-sale-of-special-purpose-revenue-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hawaii Pacific University Completes First Sale of Special-Purpose Revenue Bonds\" \/>\n<meta property=\"og:description\" content=\"Hawaii Pacific University has announced the successful sale of all the securities in the first $42 million issue of its special purpose revenue bonds. 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