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$350M International Market Place Redevelopment Begins in Waikiki; Castle & Cooke, Kamehameha Schools Develop Workforce Housing in Kakaako

$350M International Market Place Redevelopment Begins in Waikiki; Castle & Cooke, Kamehameha Schools Develop Workforce Housing in Kakaako

Michigan-based developer Taubman Centers, Inc. and its partners, CoastWood Capital Group, LLC of San Francisco and landowner Queen Emma Land Company of Honolulu, have celebrated the groundbreaking of the new International Market Place in Waikiki.…

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California Developer Pacrep Plans Second Condo-Hotel Tower in Waikiki

California Developer Pacrep Plans Second Condo-Hotel Tower in Waikiki

Los Angeles-based Pacrep LLC is planning the construction of a second luxury condo-hotel tower in Waikiki. According to the Pacific Business News, the City and County of Honolulu will not require an environmental impact statement for the $159.5 million, 280-unit project at 2139 Kuhio Ave.…

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Stanford Carr’s Halekauwila Affordable Rental Complex in Kakaako Nears Completion

Stanford Carr’s Halekauwila Affordable Rental Complex in Kakaako Nears Completion

The Hawaii Community Development Authority announced that Stanford Carr’s affordable 204-unit Halekauwila Place apartment high-rise in Honolulu’s Kakaako neighborhood would be complete in March.…

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Gerding Edlen Tapped to Develop Kamehameha Schools’ Workforce Rentals in Kakaako

Gerding Edlen Tapped to Develop Kamehameha Schools’ Workforce Rentals in Kakaako

Kamehameha Schools has selected Oregon-based Gerding Edlen to develop the 209-unit workforce rental project, which will be part of the company’s previously announced $300 million Keauhou Lane mixed-use residential development in Kakaako.…

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New Hilton Grand Vacations Resort Opens in Honolulu’s Waikiki Beach Walk

New Hilton Grand Vacations Resort Opens in Honolulu’s Waikiki Beach Walk

On January 28, Hilton Grand Vacations (HGV) celebrated the grand opening of its newest resort, Hokulani Waikiki by Hilton Grand Vacations Club in Honolulu. Mayor Kirk Caldwell and other officials attended the reception hosted by Mark Wang, president of Global Sales and HGV.…

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Prospective Buyer Terminates $142M Deal to Acquire City-Owned Affordable Housing

Prospective Buyer Terminates $142M Deal to Acquire City-Owned Affordable Housing

The $142 million leasehold sale of 12 city-owned affordable rental complexes located in various parts of Oahu has been canceled. According to the Honolulu Star-Advertiser, the group of investors that agreed to purchase and manage the properties in the summer of 2012 will not be able to make a $35…

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Rockbridge Capital Acquires Aqua Wave Waikiki Hotel for $48M

Rockbridge Capital Acquires Aqua Wave Waikiki Hotel for $48M

Ohio-based private equity firm Rockbridge Capital has purchased the Aqua Wave Waikiki hotel in Honolulu from Ramsfield Hospitality Finance’s CR Wave LLC. According to the Pacific Business News, the leasehold property at 2299 Kuhio Ave. sold for $48 million.…

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Tennessee Billionaire Acquires Over 3,000 Acres of Land on Kauai

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…

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Terramar Pays $99.5M for Safeway-Anchored Shopping Center in Ewa Beach

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.…

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Developers Plan Second Luxury Condo Complex at Ala Moana Center in Honolulu

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.…

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Downtown Capital Gains State Agency Approval for Second Condo Tower on Former Honolulu Advertiser Site

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.…

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Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating

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.…

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