Original Article Hawaii developer The Resort Group has sold its share of the Four Seasons Resort Oahu at Ko Olina to its partner in the luxury hotel at Ko Olina Resort, a company owned by the richest man in Hong Kong, for an undisclosed amount. The sale of The Resort Group’s interest in the hotel […]
Original Article The U.S. economy ended the year on an optimistic note. Businesses continued to add jobs at a healthy clip. Employment in the key office-using sectors increased by 150,000 jobs in the fourth quarter. Consumer confidence remains high. Wages are rising faster than inflation, yielding extra spending power, reflected in the 18.8% increase in […]
Check out our latest Cool Streets report and interactive map that features Honolulu! Original Article While cool streets remain strong in major metropolitan markets and so-called “24-hour” cities like Boston, Chicago, Los Angeles, New York City, San Francisco, Seattle and Toronto, affordable housing and employment are driving the 18-hour Cool Street in cities like Boise, […]
Original Article Waikiki is the economic engine of Hawaii, contributing to the State GDP in tourist spending, especially in retail and hotel stays. What are the differentiating factors for the unique high-end Waikiki retail market? Is it changing due to different tourist demographics? Andrew Starn is a Waikiki retail expert who can shed light on […]
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A company that developed the pair of oval Moana Pacific condominium towers on Kapiolani Boulevard has bought more land on the same street for redevelopment. Original Article The firm, Evershine, paid an undisclosed price for two properties on Kapiolani near the Hawai‘i Convention Center, according to Cushman &Wakefield Chaney Brooks, the brokerage representing a group […]
Original Article Steady as She Goes, U.S. Office Markets in Q2 2018 U.S. office markets posted another solid performance in the second quarter of 2018 with steady leasing volumes, healthy absorption, and rising asking rents. New construction remained robust during the quarter: a total of 18.0 million square feet (msf) of office space was delivered […]
Original Article Auspicious Start to 2018 Transaction volume increased 7.2% year-over-year (YoY) to $100.8 billion (B) in the first quarter of 2018 (Q1 2018). That is the first quarter since Q3 2016 to register YoY volume growth. While overall volumes were below those seen in the first quarters of 2015 and 2016, activity remained substantially […]
Original Article Retail Challenges Are Structural, Not Cyclical The retail industry continued to face challenges in the first quarter of 2018 (Q1 2018), even as strong economic fundamentals from 2017 carried over. The U.S. unemployment rate has remained unchanged from October 2017 through March 2018 at a low 4.1%, and competition for both skilled and […]
Original Article No Signs of Slowing Strong Start: U.S. industrial markets absorbed 56.9 million square feet (msf) in the first quarter of 2018 (Q1 2018), making it the fourth strongest start to a year of the past 30 years; only the record-setting 2016 and prior cycle highs of 2007 and 1999 were stronger. Each U.S. […]
U.S. Office Markets Remain Stable in Q1 2018 Original Article Continuing trends of recent years, the United States office market experienced solid leasing activity, absorption and construction during the first quarter of 2018 (Q1 2018). Overall office vacancy increased slightly—from 13.1% at year-end 2017 to 13.3% at the close of March 2018. The national office […]
