Operations - Honolulu

  • Outrigger’s Oceanfront Resort in Waikiki to Undergo $100M Revitalization; Watt Advisors Completes Redevelopment of Maui’s First Outlet Center

    Outrigger Enterprises Group is planning to invest $100 million in the redevelopment of its Outrigger Reef on the Beach resort in Waikiki.

    10 May 2014 04:30
  • Walton Street Capital Honolulu’s Ambassador Hotel Waikiki for $71.5M

    Walton Street Capital LLC, a private equity real estate investment firm based in Chicago, has recently acquired the 298-key Ambassador Hotel Waikiki in downtown Honolulu.

    07 April 2014 14:41
  • New Hilton Grand Vacations Resort Opens in Honolulu’s Waikiki Beach Walk

    On January 28, Hilton Grand Vacations (HGV) celebrated the grand opening of its newest resort, Hokulani Waikiki by Hilton Grand Vacations Club in Honolulu. Mayor Kirk Caldwell and other officials attended the reception hosted by Mark Wang, president of Global Sales and HGV.

    10 February 2014 06:38
  • Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating

    The Howard Hughes Corporation’s massive Ward Village mixed-use residential community in Honolulu has been awarded LEED Neighborhood Development Platinum certification.

    09 December 2013 21:20
  • A&B to Acquire Hawaii Commercial Portfolio from Kaneohe Ranch and the Harold K.L. Castle Foundation

    In a $373 million deal, Alexander & Baldwin, Inc. has agreed to purchase the Hawaii commercial real estate portfolio of Kaneohe Ranch and the Harold K. L. Castle Foundation.

    02 December 2013 16:07
  • Allied Builders System Tapped to Develop Kamehameha Schools’ Retail Project in Haleiwa

    Honolulu-based general contractor Allied Builders System has been selected to oversee the construction of a 27,000-square-foot commercial center in the Oahu North Shore town of Haleiwa. Kamehameha Schools made the announcement during the project’s groundbreaking blessing ceremony on September 26th.

    03 October 2013 18:04
  • A&B Properties to Acquire Kahala Properties from Kawamoto

    In an off-market transaction, A&B Properties, the real estate subsidiary of Alexander & Baldwin, has paid approximately $98 million to acquire a portfolio of 31 residential properties from Japanese real estate investor Genshiro Kawamoto. Twenty-seven of the properties are located on Kahala Avenue, Honolulu's premier residential address, which spans along the ocean from Diamond Head to Waialae Country Club, home of the Sony Open, and the world-famous Kahala Hotel & Resort.

    14 September 2013 03:59
  • Sales Start Strong for OliverMcMillan’s Symphony Condominiums in Downtown Honolulu

    San Diego-based developer OliverMcMillan has announced that 70 percent of the residences at its Symphony Honolulu luxury tower have been sold in the first two days available. Construction is expected to begin at the end of 2013 and be complete in two years.

    22 July 2013 14:06
  • Waikiki Office Building Undergoes $5.5M Renovation

    San Diego-based real estate investment firm Parallel Capital Partners has completed the $5.5 million renovation of the 10-story office building in downtown Honolulu.

    09 July 2013 20:15
  • Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui

    The Krausz Cos. is planning a 320,000-square-foot sustainable, mixed-use project in the city of Kihei, one of Maui's most populated communities. According to the Pacific Business News, the proposed Downtown Kihei project calls for a village square; more than 200,000 square feet of office, medical office, retail and restaurant space; a 44,180-square-foot movie theater; a four-story, 150-room hotel; and more than 1,000 parking stalls. The new development will be built between the Piilani Village Shopping Center and the Longs and Azeka's centers, on four parcels of land totaling 27 acres.

    02 November 2012 22:32
  • Bank of Hawaii to Move Ward Branch to Hokua at Ala Moana

    Bank of Hawaii has announced plans to relocate its Ward Plaza branch to the ground floor of the Hokua condominium at 1288 Ala Moana in Honolulu, about half a mile from its current location. Construction for the new offices should begin by the end of February 2013, with completion scheduled for mid-August. DKKY Architecture Studio will design the space. The move will allow for a smooth transition of services, as the bank intends to close its current Ward branch at 210 Ward Ave. on a Friday and open at the new location the following Monday.

    15 October 2012 15:34
  • 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 [...]

    24 September 2012 04:45
  • 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. The seawater air conditioning firm [...]

    04 May 2012 23:03
  • 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 capacity to power the equivalent [...]

    30 March 2012 18:55
  • 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 Hawaii. “The Hawaii market has [...]

    26 March 2012 13:59