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Waihonua at Kewalo High-Rise Receives Financing

Waihonua at Kewalo High-Rise Receives Financing

Alexander & Baldwin has announced that a portion of the $206 million cost of the planned Waihonua condominium high-rise in Honolulu will be financed through a $120 million construction loan from First Hawaiian Bank, Wells Fargo Bank, Bank of Hawaii and Central Pacific Bank. Alexander & Baldwin's subsidiary Waimanu…

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Sheraton Hotels & Resorts Completes $230M Renovation of Hawaiian Properties

Sheraton Hotels & Resorts Completes $230M Renovation of Hawaiian Properties

Starwood Hotels & Resorts Worldwide Inc. has announced the completion of an approximately $230 million renovation of four of its Sheraton properties in Hawaii. The multi-year revitalization project included the $188 million renewal of the Sheraton Waikiki resort on Oahu. The 31-floor hotel features 1,636 renovated rooms, new landscaping and…

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First Residents Moving into Kamehameha Schools’ Kakaako Development

First Residents Moving into Kamehameha Schools’ Kakaako Development

Kamehameha Schools’ Six Eighty apartment project in Honolulu recently welcomed its first residents. The newly renovated building is located at 680 Ala Moana Blvd. in Kakaako and offers 54 loft-style units affordably priced for median-income workers. On the ground floor, the project also includes 8,600 square feet of commercial space.…

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Ala Moana Center Redevelopment to Begin in Early 2013; New Residences Coming to Lahaina

Ala Moana Center Redevelopment to Begin in Early 2013; New Residences Coming to Lahaina

The $543 million redevelopment of the Ala Moana Center in Honolulu is expected to start early next year, the Pacific Business News reports. The completion date has been set for late 2015, General Growth Properties Inc. said in a filing with the U.S. Securities and Exchange Commission. The Chicago-based company…

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Luxury Condominium High-Rise Coming to Honolulu

Luxury Condominium High-Rise Coming to Honolulu

HHMK Development, LLC, comprised of landowner and developer The Howard Hughes Corporation and a joint venture of Honolulu development firms, The MacNaughton Group and Kobayashi Group, are developing a luxury residential tower above the existing Nordstrom parking structure at Ala Moana Center in downtown Honolulu. Called ONE Ala Moana, the…

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Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

The Krausz Cos. is planning a 320,000-square-foot sustainable, mixed-use project in the city of Kihei, one of Maui's most populated communities. According to the Pacific Business News, the proposed Downtown Kihei project calls for a village square; more than 200,000 square feet of office, medical office, retail and restaurant space;…

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TNP Strategic Retail Trust Sells Waianae Mall, Acquires Lahaina Gateway

TNP Strategic Retail Trust Sells Waianae Mall, Acquires Lahaina Gateway

TNP Strategic Retail Trust Inc. of Irvine, Calif., has entered into an agreement to sell the Waianae Mall Shopping Center in Leeward Oahu to an unnamed buyer. The company acquired the property in June 2010 for $25.7 million. Built in 1981, the retail center comprises 11 buildings totaling 170,275 rentable square…

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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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