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Blackstone to Acquire Hyatt Regency Waikiki

Blackstone to Acquire Hyatt Regency Waikiki

The Blackstone Group has agreed to purchase the leasehold interest in the 1,230-room Hyatt Regency Waikiki Beach Resort and Spa in Honolulu. According to the Real Estate Alert, the property’s current owner – a joint venture comprised of Goldman Sachs’ Whitehall Street Real Estate Fund and the Hyatt Hotels Corporation…

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ONE Ala Moana Luxury Condominium High-Rise Breaks Ground

ONE Ala Moana Luxury Condominium High-Rise Breaks Ground

Construction has begun on the “ONE Ala Moana” luxury condominium tower in downtown Honolulu. According to the Pacific Business News, Albert C. Kobayashi Inc. has been appointed general contractor for the 23-story, 206-unit residential high-rise. The project’s developer, HHMK Development, made the announcement on April 5th during a traditional Hawaiian…

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A&B Properties Launches New Residential Community in Kakaako

A&B Properties Launches New Residential Community in Kakaako

A&B Properties and landowner Kamehameha Schools have announced plans to develop a $200 million mixed-use residential community at 600 Ala Moana Boulevard on the site of the former CompUSA in downtown Honolulu. Called The Collection, the project will feature a high-rise condominium tower, a mid-rise building and town homes, as…

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Hawaii Pacific University Takes Full Ownership of Aloha Tower Marketplace

Hawaii Pacific University Takes Full Ownership of Aloha Tower Marketplace

Hawaii Pacific University (HPU) and its development partner Ed Bushor have resolved a dispute regarding the ownership of the Aloha Tower Marketplace in downtown Honolulu. According to the Pacific Business News, the university, along with its affiliate Hawaii Downtown Holdings LLC and Lifestyle Retail Properties LLC led by the California-based…

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Pacrep to Revise Design for Ritz-Carlton Hotel Condo in Waikiki

Pacrep to Revise Design for Ritz-Carlton Hotel Condo in Waikiki

The Honolulu Department of Planning and Permitting has granted conditional approval to the proposed $275 million Ritz-Carlton condominium hotel project in Waikiki. The Pacific Business News reports that California developer Pacrep LLC will need to revise the design of the 37-story tower known as 2121 Kuhio, in order to reduce…

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Plans Move Forward for $72M Mixed-Use Project on Maui

Plans Move Forward for $72M Mixed-Use Project on Maui

The Maui Planning Commission has recently approved the final environmental assessment for a $72 million mixed-use development in Kihei, one of the island’s most populated communities. According to the Maui News, Krausz Companies Inc. will not need to conduct an environmental impact statement for the 250,000 square-foot Downtown Kihei project.…

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Howard Hughes Expects $66M Profit from ONE Ala Moana Condominium

Howard Hughes Expects $66M Profit from ONE Ala Moana Condominium

In a letter to shareholders, Howard Hughes Corp. CEO David Weinreb has announced that the ONE Ala Moana ultra-luxury condominium tower in downtown Honolulu is expected to generate a total profit of $66 million. The Dallas-based company is building the new high-rise in partnership with local developers Kobayashi Group and…

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Robertson Properties Group’s Mixed-Use Development Under Review

Robertson Properties Group’s Mixed-Use Development Under Review

The Honolulu Department of Planning and Permitting is currently reviewing Robertson Properties Group’s plans for a $767 million, 1,500-home mixed-use project in Aiea. Called “Live, Work, Play Aiea,” the project will be developed on the site of the former Kamehameha Drive-in property across from Pearlridge Center. It will also include…

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Central Y Property Redevelopment Brings Condominiums, Smaller Facility

Central Y Property Redevelopment Brings Condominiums, Smaller Facility

San Francisco-based MB Property Acquisitions LLC is planning a new 150-unit condominium high-rise at the site of the current YMCA of Honolulu facilities, as well as a smaller adjacent building that would better suit the needs of the nonprofit organization. According to the Pacific Business News, the developer has asked…

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Bank of Hawaii Waikiki Center Changes Owners

Bank of Hawaii Waikiki Center Changes Owners

Shoei USA Inc. has acquired the Bank of Hawaii Waikiki Center from Honolulu-based Pacific Office Properties Trust Inc. and its Mainland partner. According to the Pacific Business News, NAI ChaneyBrooks represented the buyer in the transaction. Financial terms of the deal were not disclosed. Located at 2155 Kalakaua Avenue near…

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Planned 459-Key Condo-Hotel in Waikiki Gains Preliminary Approval

Planned 459-Key Condo-Hotel in Waikiki Gains Preliminary Approval

The Honolulu City Council has approved a height variance for the proposed $275 million Ritz-Carlton condominium hotel project in Waikiki. According to KHON, the 350-foot tower planned for a vacant 1.4-acre parcel at the corner of Kuhio Avenue and Kalaimoku Street will exceed the site’s standard limit by 50 feet.…

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Plans for the Future of Hawaii’s Pineapple Island Unveiled

Plans for the Future of Hawaii’s Pineapple Island Unveiled

Oracle Corp. CEO Larry Ellison is planning to revitalize Lanai’s hospitality industry by upgrading its existing properties and by adding a third luxury hotel. According to the Pacific Business News, the island's billionaire owner also intends to expand the 1.5-megawatt La Ola solar farm, invest in desalination technology and improve…

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