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Honolulu Officials Approve Leasehold Sale of City-Owned Affordable Housing

Honolulu Officials Approve Leasehold Sale of City-Owned Affordable Housing

The Honolulu City Council has approved Mayor Peter Carlisle’s plan to sell the city's 12 leasehold affordable rental complexes situated in various parts of Oahu to a private entity for $142 million. Called Honolulu Affordable Housing Partners L.L.C., the corporation comprises Highland Property Development L.L.C. of Arcadia, Calif.; Richard Gushman…

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Bank of Hawaii to Move Ward Branch to Hokua at Ala Moana

Bank of Hawaii to Move Ward Branch to Hokua at Ala Moana

Bank of Hawaii has announced plans to relocate its Ward Plaza branch to the ground floor of the Hokua condominium at 1288 Ala Moana in Honolulu, about half a mile from its current location. Construction for the new offices should begin by the end of February 2013, with completion scheduled…

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Remodeled Center to Become Maui’s First Outlet Mall

Remodeled Center to Become Maui’s First Outlet Mall

By Adriana Pop, Associate Editor In November, Honolulu Builders will begin work on the renovation of Lahaina Center on Maui. Called The Outlets of Maui, the project will include 10 existing buildings on 11 acres at 900 Front St. Upon completion, the remodeled center will become the island’s first outlet…

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Phase Two of Ward Village Shops Welcomes New Tenants

Phase Two of Ward Village Shops Welcomes New Tenants

By Adriana Pop, Associate Editor The Howard Hughes Corp. announced the first tenant for Phase Two of Ward Village Shops, a 57,000-square foot, two-level retail center along Auahi Street in the heart of the Kaka’ako district in Honolulu. Pier 1 Imports will occupy 12,688 square feet at the new retail…

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Plans Move Forward for DeBartolo Development’s $350M West Oahu Shopping Center

Plans Move Forward for DeBartolo Development’s $350M West Oahu Shopping Center

By Adriana Pop, Associate Editor The Hawaii Land Use Commission has approved a use change for a proposed 1.4 million-square-foot regional shopping mall in East Kapolei. The Pacific Business News reports that under a previous state plan the site had been slated for the development of a regional sports complex.…

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Downtown Office Building Set for Conversion into Student Housing

Downtown Office Building Set for Conversion into Student Housing

By Adriana Pop, Associate Editor Maui developer Greg Hatcher of GC Pacific Inc. plans to turn the vacant 12-story Queen Emma Building in downtown Honolulu into a 130-unit, 260-bed dormitory for students from Hawaii Pacific University. The Pacific Business News reports that the developer will invest about $9 million into…

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Bidding Process Closes for M-U TOD in Kakaako

Bidding Process Closes for M-U TOD in Kakaako

By Adriana Pop, Associate Editor The bidding process ended for the Pohukaina Street mixed-use development in Honolulu, which includes the construction of a 650-foot residential skyscraper. The Pacific Business News reports that the Hawaii Community Development Authority (HCDA) received solid bids from at least four developers in Hawaii and China…

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Plans Move Forward for Robertson Properties’ Mixed-Use Project on Oahu

Plans Move Forward for Robertson Properties’ Mixed-Use Project on Oahu

By Adriana Pop, Associate Editor Los Angeles-based Robertson Properties Group has submitted the final environmental impact statement for the $767 million mixed-use project the company plans to develop on the site of the former Kamehameha Drive-in property in Aiea. Situated across from Pearlridge Center, the commercial and residential community will…

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State Green-Lights Queen’s Acquisition of Shuttered Ewa Facility

State Green-Lights Queen’s Acquisition of Shuttered Ewa Facility

By Adriana Pop, Associate Editor Hawaii’s Health Planning and Development Agency has approved the sale of Hawaii Medical Center West in Ewa to Queen’s Health Systems for $73.2 million. According to the Honolulu Star-Advertiser, Queen’s Health Systems will spend $21.2 million to purchase the West Oahu hospital building and land…

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Maui County Committee Green-Lights West Maui Master-Planned Development

Maui County Committee Green-Lights West Maui Master-Planned Development

By Adriana Pop, Associate Editor Maui County’s General Plan Committee voted 7-1 in favor of including the proposed 600-acre master-planned Olowalu Town project within the island’s urban and rural growth boundaries. Plans for the $466 million development call for 1,500 housing units – half of which would be affordable –…

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St. Francis Prepares to Sell Former Hawaii Medical Center West

St. Francis Prepares to Sell Former Hawaii Medical Center West

by Adriana Pop, Associate Editor St. Francis Healthcare System of Hawaii expects to sell Hawaii Medical Center West to Queen’s Health Systems. “Preparing the West Oahu hospital for sale is one of our top priorities in the next few months,” St. Francis President and CEO Jerry Correa told the Pacific Business News.…

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Larry Ellison Closes on $500M+ Purchase of Lanai from Castle & Cooke

Larry Ellison Closes on $500M+ Purchase of Lanai from Castle & Cooke

by Adriana Pop, Associate Editor Larry Ellison, founder and CEO of Oracle Corp., has completed his acquisition of 98 percent of Lanai, Hawaii’s sixth-largest island, from David Murdock’s Castle & Cooke. Financial details of the transaction were not disclosed, although the price is estimated at more than $500 million. The…

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