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A&B Properties to Acquire West Oahu’s Pearl Highlands Center for $141.5M

A&B Properties to Acquire West Oahu’s Pearl Highlands Center for $141.5M

A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has agreed to acquire the Pearl Highlands Center in Pearl City for $141.5 million.…

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First Phase of Ward Village to Bring More Than 900 Condominiums Downtown

First Phase of Ward Village to Bring More Than 900 Condominiums Downtown

The Howard Hughes Corp. has announced plans to develop three condominium high-rises in Honolulu’s Kakaako neighborhood, as part of the Ward Village master plan.…

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Nordic PCL to Build $500M M-U Project in Downtown Honolulu

Nordic PCL to Build $500M M-U Project in Downtown Honolulu

Nordic PCL Construction Inc. has been appointed general contractor for the $500 million 690 Pohukaina mixed-use project in Honolulu, the Pacific Business News reports. Forest City Hawaii has also selected Benjamin Woo Architects LLC as part of the development team.…

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Nordic PCL to Build $500M M-U Project in Downtown Honolulu

Nordic PCL to Build $500M M-U Project in Downtown Honolulu

Nordic PCL Construction Inc. has been appointed general contractor for the $500 million 690 Pohukaina mixed-use project in Honolulu, the Pacific Business News reports. Forest City Hawaii has also selected Benjamin Woo Architects LLC as part of the development team.…

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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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