Hawaii commercial investment sales volume drops 61% in 1st half of 2020

Original Article Commercial real estate investment in Hawaii dropped in the second quarter as the Covid-19 pandemic and the ensuing recession slowed U.S. investment and put a halt to foreign activity, according to Colliers International Hawaii’s investment market report for the second quarter. Total sales volume for the first half of 2020 dropped 60.7% to […]

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New Otani Kaimana Beach Hotel to close, reopen under new management

Original Article Japan’s New Otani Co. Ltd. will close its only U.S. hotel in Hawaii at the end of November when the company’s lease expires with property owner BlackSand Capital, whose CEO said the boutique Kaimana Beach Hotel in Waikiki will reopen Dec. 1 under new management. The New Otani Kaimana Beach Hotel, which has […]

Facing mounting economic woes, Hawaii to launch pre-travel testing program Oct. 15

Original Article After being delayed for months, a much-touted pre-travel testing program that authorities say is a key step in rebooting the tourism industry will be launched Oct. 15, allowing trans-Pacific visitors to forgo a 14-day quarantine if they test negative for COVID-19. Gov. David Ige made the announcement Wednesday, saying reopening the doors to […]

Hawaii commercial investment sales volume drops 61% in 1st half of 2020

Original Article Commercial real estate investment in Hawaii dropped in the second quarter as the Covid-19 pandemic and the ensuing recession slowed U.S. investment and put a halt to foreign activity, according to Colliers International Hawaii’s investment market report for the second quarter. Total sales volume for the first half of 2020 dropped 60.7% to […]

Honolulu Council extends approvals for 1500 Kapiolani hotel-condo project

Original Article Salem Partners’ hotel-condominium project at 1500 Kapiolani Blvd. behind Ala Moana Center has won a three-year extension on its approvals from the Honolulu City Council as the developer restarts conversations to recapitalize the $542 million project. The council voted unanimously to extend the approvals for Manaolana AREP III Holdings LLC’s project on the […]

Investment impact ahead for Hawaii hotels

Original Article Few industries in Hawaii have taken more of a beating during the Covid-19 pandemic than hospitality, as hotels, restaurants and activity businesses had to severely curtail or shut down their operations when the state imposed a mandatory 14-day quarantine for visitors arriving from the Mainland or overseas. For hotels, the impact has been […]

Japan includes Hawaii on list of 12 approved travel locations; no start date set

Original Article The state of Hawaii is on an exclusive list of 12 countries and regions that Japan leaders are considering for the resumption of safe international travel, officials announced today. The new Japan-Hawaii Safe Travel Program, announced by Japan Prime Minister Shinzo Abe and Foreign Minister Toshimitsu Motegi, would be tightly regulated to prevent […]

Watumull Properties buys former Hawaii State Farm building for $10M

Original Article Watumull Properties Corp. recently purchased the State Farm Mutual Insurance Co. office building in the Mililani Technology Park for $10 million. The sale of the building on 3.5 acres at 400 Kahelu Ave. closed on June 16. The 38,491-square-foot, two-story office building built by State Farm in 1996 includes a 4,000-square-foot garage that […]

Cushman & Wakefield Honors Asian Pacific Islander Heritage Month

May is Asian Pacific Islander Heritage Month, which celebrates the achievements and contributions of Asian Americans and Pacific Islanders in the U.S. Original Article MEMBER SPOTLIGHT: STEVE SOMBRERO Malama Meals provides food security and comfort to our community in need amidst the growing concern for COVID-19. What inspired you to partner with Malama meals program*? […]