Multifamily news in Finance & Investment - Honolulu

  • $224M Affordable Plan Completes Phase 1 in Hawaii

    The public-private partnership between The state of Hawaii, Standard Communities and Stanford Carr Development will preserve 1,221 units of affordable housing.

  • Salem Receives Approval for $750M Honolulu Towers

    The development includes 78 affordable apartments for seniors as well as 450 hotel units and condos. EAH Housing will be in charge of the affordable component.

  • Honolulu Community Snares $105M in Refinancing

    HFF secured the loan on behalf of developer Avalon Group for 7000 Hawaii Kai Drive, a 270-unit community that includes two 10-story buildings and 216 market-rate and 54 affordable units.

  • Howard Hughes Completes $238M Refinancing for Ward Village

    The 60-acre Ward Village master-planned community is rising between downtown Honolulu and Waikiki.

  • CRE Investors Set Sights on Secondary and Sunbelt Markets

    JLL’s Marisha Clinton says secondary markets such as Phoenix and Philly are gaining traction with investors seeking higher yields and now, they’re even turning their eyes toward the tertiaries.

  • Howard Hughes Corp. Lands $600M for Nation’s Largest LEED-ND Platinum Project

    Blackstone knows a good a project when they see one. It doesn’t get much better than Howard Hughes Corp.’s Ward Village, a mixed-use master-planned community that will rise on 60 acres situated directly between downtown Honolulu and Waikiki on Oahu.

  • Sales Under Way for OliverMcMillan’s Symphony Condominiums in Downtown Honolulu

    More than half of the market-rate condominiums in OliverMcMillan’s 40-story mixed-use Symphony Honolulu high-rise have been sold, the Pacific Business News reports. Prices range from around $500,000 for a one-bedroom residence to the high $800,000s for a three-bedroom unit.

  • Kamehameha Schools Plans Mixed-Use Retail Project in Downtown Honolulu

    Kamehameha Schools is planning to invest $30 million to redevelop a Kakaako site into a retail and restaurant village. According to the Pacific Business News, the mixed-use project will be presented to the Hawaii Community Development Authority on July 3.

  • 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. Florida-based DeBartolo Development L.L.C. plans [...]

  • Downtown Office Building Set for Conversion into Student Housing

    By Adriana Pop, Associate Editor Maui developer Greg Hatcher of GC Pacific Inc. plans to turn the vacant 12-story Queen Emma Building in downtown Honolulu into a 130-unit, 260-bed dormitory for students from Hawaii Pacific University. The Pacific Business News reports that the developer will invest about $9 million into

  • Bidding Process Closes for M-U TOD in Kakaako

    By Adriana Pop, Associate Editor The bidding process ended for the Pohukaina Street mixed-use development in Honolulu, which includes the construction of a 650-foot residential skyscraper. The Pacific Business News reports that the Hawaii Community Development Authority (HCDA) received solid bids from at least four developers in Hawaii and China

  • Plans Move Forward for Robertson Properties’ Mixed-Use Project on Oahu

    By Adriana Pop, Associate Editor Los Angeles-based Robertson Properties Group has submitted the final environmental impact statement for the $767 million mixed-use project the company plans to develop on the site of the former Kamehameha Drive-in property in Aiea. Situated across from Pearlridge Center, the commercial and residential community will

  • 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 Group and expects to begin [...]

  • 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 purchase price will be about [...]