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 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 […]
Original Article There are record numbers of tourists coming to Hawaii, but retailers are not seeing record sales. Landlords have been adjusting to a new landscape of lower rents and shorter leases, and medical uses are showing up in more shopping centers. Those are some of the trends in the retail real estate market that […]
While most commercial real estate professionals have embraced other social media platforms, there appears to be a hesitancy to adopt Instagram. Original Article While most commercial real estate professionals have embraced other social media platforms, there appears to be a hesitancy to adopt Instagram. It might stem from a limited understanding of how to use […]
The Hawaii market for retail and hotel has been and still is on an 8-year positive trend. The Hawaii market for retail and hotel has been and still is on an 8-year positive trend. Hotel occupancy, average daily rate, visitor numbers and visitor spending have all continued to rise – bringing more visitors now than […]
Cushman & Wakefield ChaneyBrooks made its first hires under the new commercial real estate brand. Original Article Cushman & Wakefield ChaneyBrooks made its first hires under the new commercial real estate brand, bringing over the high-street retail team of Andy Starn and Matt Schull from CBRE and William Elliott from NAI in Portland, OR. Starn […]
Southwest Airlines said getting service started in Hawaii is its top priority before considering interisland routes. Southwest plans to begin selling tickets in Hawaii next year. It will use Boeing 737-800 aircraft and then switch to the Boeing 737 MAX 8. Original Article Southwest Airlines officials say starting service to Hawaii is now their primary […]
The Honolulu-based company most recently known as NAI ChaneyBrooks is now affiliated with Chicago-based Cushman & Wakefield and is now known as Cushman & Wakefield ChaneyBrooks. Original Article Under the arrangement, the Hawaii firm, which has an office on Guam, still will be locally owned but will receive support from Cushman. Additionally, Cushman gets a […]
Japan Travel Bureau (JTB), the largest provider of tourism services in Hawaii, has recommitted to the Hawaii market by extending their office lease at the Bank of Hawaii Waikiki Center, as the continued anchor tenant. Allen Yamaguchi of Cushman and Wakefield ChaneyBrooks emphasizes the importance of this strategic move. JTB’s lease renewal is a great […]
