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 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 […]
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 […]
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 […]
Original Article Timing is everything. Just before COVID-19 broke out, ABC Stores purchased two derelict sites with a string of business vacancies along Kuhio Avenue. The sites are across the street from its upscale complex Dukes Lane Market & Eatery, which includes Basalt Restaurant and is located inside the Hyatt Centric Waikiki Beach Hotel. ABC […]
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 […]
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 […]
