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First Wind Closes on $236M Loan for Hawaii’s Largest Wind Project

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…

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Bascom Buys $73.5M Property in State’s Largest Multifamily Acquisition Since ’07

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…

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$5.2B Honolulu Rail Project Remains Controversial

$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 [...]…

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Authority to Review OliverMcMillan’s $200M Kakaako Tower

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 [...]…

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Honolulu Issues RFP for Management of City-Owned Affordable Housing

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 [...]…

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U.S. to Issue RFP for Construction of Parking for Stealth Fighters

U.S. to Issue RFP for Construction of Parking for Stealth Fighters

By Adriana Pop, Associate Editor The U.S. Army Corps of Engineers is expected to issue a request for proposals to build a 135,000-square-foot parking area for 14 F-22 Raptor jets in Hawaii. Pacific Business News reported that the estimated cost of [...]…

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St. Francis Healthcare Receives $80M to Upgrade Foreclosed Hawaii Medical Centers

St. Francis Healthcare Receives $80M to Upgrade Foreclosed Hawaii Medical Centers

By Liviu Oltean, Associate Editor St. Francis Healthcare System of Hawaii will receive from the state $80 million in prceeds from the sale of revenue bonds for the upgrade of recently foreclosed hospitals. The hospitals are Hawaii Medical Center (HMC) West in Ewa and [...]…

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Robertson Properties Group Submits Draft EIS for Aiea Project

Robertson Properties Group Submits Draft EIS for Aiea Project

By Liviu Oltean, Associate Editor Robertson Properties Group has recently submitted the draft environmental impact statement (DEIS) for the mixed-use development of the former Kamehameha Drive-in property in Aiea. As reported by the Pacific Business News, the DEIS entails the development [...]…

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Developer Donates $10M New UH Campus

Developer Donates $10M New UH Campus

By Liviu Oltean, Associate Editor The University of Hawaii received a $10 million donation from the developers of the 725-acre Palamanui mixed-use project on the Kona Coast. Pacific Business News reported that Palamanui LLC has wired a payment of $5.2 million to [...]…

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HCDA Issues Final RFP for Hawaii’s Tallest Building

HCDA Issues Final RFP for Hawaii’s Tallest Building

By Liviu Oltean, Associate Editor The Hawaii Community Development Authority (HCDA) will soon issue the final Request For Proposals (RFP) for the development of the mixed-use transit-oriented development project at 690 Pohukaina in Kakaako. The Pohukaina project entails the development of two [...]…

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Development Authority Approves Hi-Rise on Site of Expired WTC Franchise

Development Authority Approves Hi-Rise on Site of Expired WTC Franchise

By Liviu Oltean, Associate Editor The Hawaii Community Development Authority showed support for the long- delayed development of a 40-story, mixed-use project at the corner of Kapiolani Boulevard and Ward Avenue. The HCDA director of planning and development, Deepak Neupane, said that the [...]…

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A&B Buys 4.35-acre Parcel Zoned for Commercial Development

A&B Buys 4.35-acre Parcel Zoned for Commercial Development

By Liviu Oltean, Associate Editor A&B Properties Inc. has recently announced the purchase of a 4.35-acre parcel within the 7-acre Gateway at Mililani Mauka Shopping Center complex for $8.2 million. The tract of land was purchased from Castle & Cooke Properties, which [...]…

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