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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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Authority to Review OliverMcMillan’s $200M Kakaako Tower

Authority to Review OliverMcMillan’s $200M Kakaako Tower

by Adriana Pop, Associate Editor The Hawaii Community Development Authority has scheduled a public hearing to discuss the orientation of OliverMcMillan’s 40-story Symphony tower in Kakaako. The $200-million, 407-unit, mixed-use condominium high-rise will be located at the corner of Kapiolani Boulevard and Ward Avenue [...]…

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Honolulu Issues RFP for Management of City-Owned Affordable Housing

Honolulu Issues RFP for Management of City-Owned Affordable Housing

by Adriana Pop, Associate Editor The City and County of Honolulu issued a Request for Proposals from private companies interested in managing and maintaining affordable apartment complexes on a long-term leasehold basis. According to the City’s application timeline, initial offers are [...]…

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U.S. to Issue RFP for Construction of Parking for Stealth Fighters

U.S. to Issue RFP for Construction of Parking for Stealth Fighters

By Adriana Pop, Associate Editor The U.S. Army Corps of Engineers is expected to issue a request for proposals to build a 135,000-square-foot parking area for 14 F-22 Raptor jets in Hawaii. Pacific Business News reported that the estimated cost of [...]…

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St. Francis Healthcare Receives $80M to Upgrade Foreclosed Hawaii Medical Centers

St. Francis Healthcare Receives $80M to Upgrade Foreclosed Hawaii Medical Centers

By Liviu Oltean, Associate Editor St. Francis Healthcare System of Hawaii will receive from the state $80 million in prceeds from the sale of revenue bonds for the upgrade of recently foreclosed hospitals. The hospitals are Hawaii Medical Center (HMC) West in Ewa and [...]…

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Robertson Properties Group Submits Draft EIS for Aiea Project

Robertson Properties Group Submits Draft EIS for Aiea Project

By Liviu Oltean, Associate Editor Robertson Properties Group has recently submitted the draft environmental impact statement (DEIS) for the mixed-use development of the former Kamehameha Drive-in property in Aiea. As reported by the Pacific Business News, the DEIS entails the development [...]…

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