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Mayoral Candidate Cayetano Promises to Stop Rail Project

Mayoral Candidate Cayetano Promises to Stop Rail Project

by Adriana Pop, Associate Editor If elected, Honolulu mayoral candidate and former Gov. Ben Cayetano intends to cancel the $5.2 billion elevated rapid-transit rail project. Cayetano told the Pacific Business News that the development could be stopped through a veto of the appropriation for the Honolulu Authority for Rapid Transportation. The…

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Developer Wins Approval to Reclassify Agricultural Land in Maui

Developer Wins Approval to Reclassify Agricultural Land in Maui

by Adriana Pop, Associate Editor The Hawaii Land Use Commission has approved Alexander & Baldwin Properties’ petition to reclassify 545 acres of agricultural land in Wailuku and Waikapu in Central Maui. The reclassification would allow the Honolulu-based company to build a master-planned residential community named the Waiale Community Project. The…

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Land Use Commission Delays Decision on Hoopili Master-Planned Community

Land Use Commission Delays Decision on Hoopili Master-Planned Community

by Adriana Pop, Associate Editor The Hawaii Land Use Commission (LUC) has granted D.R. Horton’s request that the agency delay its decision on a proposed 1,554-acre master-planned community in Ewa. D.R. Horton— Schuler Homes LLC is seeking approval to change the land classification of prime agricultural to urban, and needs…

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Queen’s Health Systems to Acquire Hawaii Medical Center West

Queen’s Health Systems to Acquire Hawaii Medical Center West

by Adriana Pop, Associate Editor Queen’s Health Systems, the corporate parent of The Queen’s Medical Center, has signed a letter of intent and confidentiality agreement with St. Francis Healthcare System to explore the possibility of acquiring the former Hawaii Medical Center West campus. Formerly known as St. Francis West, the…

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Howard Hughes Finalizes Design for 210-Unit Condo Tower

Howard Hughes Finalizes Design for 210-Unit Condo Tower

by Adriana Pop, Associate Editor The Howard Hughes Corp. in Hawaii is in the final stages of design for the development of a 210-unit luxury condo tower above the Nordstrom parking garage at Ala Moana Center. The Dallas-based company has partnered with local developers The MacNaughton Group and the Kobayashi…

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Hawaii’s First Seawater Air-Conditioning Project to Start Construction

Hawaii’s First Seawater Air-Conditioning Project to Start Construction

by Adriana Pop, Associate Editor Honolulu Seawater Air Conditioning, LLC (HSWAC) is moving closer to begin construction on the state’s first seawater air-conditioning district cooling project. The Pacific Business News reports that the company is one month from choosing contractors to develop the $250 million renewable energy system in Kakaako.…

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Hyatt Completes Largest Hyatt Place Hotel in U.S.

Hyatt Completes Largest Hyatt Place Hotel in U.S.

by Adriana Pop, Associate Editor Hyatt Hotels Corp. and management company Kokua Hospitality, LLC announced the opening of the second tower at Hyatt Place Waikiki Beach. The Diamond Head Tower joins the Pali Tower, the first tower, which opened in December 2011 as the first Hyatt Place hotel in the Hawaii…

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DSI Buys 54 Dialysis Clinics from Fresenius

DSI Buys 54 Dialysis Clinics from Fresenius

by Adriana Pop, Associate Editor DSI Renal announced that it has acquired 54 dialysis clinics from Fresenius Medical Care AG & Co. KGaA. Nine of the clinics are located on Oahu. The transaction triples DSI’s national footprint to 85 clinics in 23 states. Following the transaction, DSI and it will become the fourth largest for-profit…

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Glimcher Purchases Blackston’s Interest in Pearlridge Mall

Glimcher Purchases Blackston’s Interest in Pearlridge Mall

by Adriana Pop, Associate Editor Glimcher Realty Trust is purchasing an 80 percent indirect ownership interest in Pearlridge Center, the second largest shopping mall in Hawaii. Glimcher is using a recent common stock offering, and possibly funds from its credit facility, to finance the purchase from affiliates of Blackstone Real Estate Partners VI. The…

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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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