Entries by Malia L. Meenderman

February 2005 Oahu resale Statistics

March 2, 2005 Honolulu: Oahu single family home and condo prices set new record Today the Honolulu Board of Realtors® released resale figures for the month of February 2005. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single Family Home Resales […]

Ferry to link Kalaeloa and Honolulu in 2006

March 2, 2005 Leeward residents will benefit from an easier commute to downtown Honolulu via a new ferry service announce the Honolulu Department of Transportation Services. Federal money is already available to begin the daily ferry service. The city will coordinate bus routes from Ma’ili, Nanakuli, Makakilo, and Kapolei to help get commuters to the […]

Many will miss EPA deadline for cesspools

February 28, 2005 The state and many small property owners will likely miss the April 5 th deadline to convert their cesspools to septic systems. The Environmental Protection Agency has announced that violators will face up to a $32,500 per day for noncompliance. The EPA has targeted Hawaii because no other state has used cesspools […]

Hawaii Tourism sets new record in January

February 28, 2005 January arrival figures put the number of visitors to Hawaii at close to 600,000, which is an almost 16% increase from the same time last year. The State Department of Business, Economic, Development and Tourism also said that there was about a 10.7% increase in domestic arrivals and furthermore, a 19% increase […]

Campbell land on Oahu sold

February 17, 2005 Honolulu: 188 acres at Campbell under new ownership HRPT Properties Trust Inc, a Massachusetts real estate investment trust, has purchased 188 acres in the Campbell Industrial Park for $115.5 million. All of the properties included in the sale have leases that are 15 years or less.

Hilton Hawaiian Village Waikiki new time share

Waikiki: A new time share building at the Hilton The Hilton Hawaiian Village Beach Resort and Spa will begin construction of a new time share building on the site of the old Waikikian and the Tahitian Lanai restaurant. The 38 story building to be known as the Waikikian tower would not be completed until 2008 […]

Waikiki Historic theatre to be town down

February 11, 2005 Waikiki: Historic theatre to be town down The old theatre, the Waikiki III, which has for many decades been a landmark on Kalakaua Avenue, will be torn down in the next couple of weeks to make way for a new retail complex. The $10 million complex that eventually will be home to […]

January 2005| Honolulu Board of Realtors resale stats

February 2, 2005 Honolulu : The HBR Announces January Residential Resales Statistics Today the Honolulu Board of Realtors® released resale figures for the month of January. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single Family Home Resales Number of Sales […]

Controversial Leasehold Law is Overturned

January 26, 2005 Honolulu: Controversial Leasehold Law is Overturned The Honolulu City Council voted 6 to 3 to overturn the 1991 law, known as Chapter 38, which allows for the city to acquire land under leasehold condos and sell the fee simple interest to qualified condo owners. The bill will need to be signed by […]

Kahala leasehold Condo Owners Sue City

January 25, 2005 Honolulu: Kahala Leasehold Condo Owners Sue City The leasehold owners of 4999 Kahala Ave have filed suit against the city in anticipation of tomorrows Honolulu City Council vote to overturn the controversial leasehold conversion law. The owners who are currently going through the city’s process to condemn the land under the condo […]

Aloha Tower complex to be sold

January 21, 2005 Honolulu: The Aloha Tower complex May be Sold to Mortgage Holder The Aloha Tower Market Place is in negotiations to sell the retail and restaurant complex to its mortgage holder AHI Aloha LP for $25 million. The action would end the three year period that the complex has been in bankruptcy and […]

FED points to positives in local economy

January 20, 2005 Hawaii: Federal Reserve Board Points out Positives in Local Economy The Federal Reserve Board announced that Hawaii’s economic growth is most benefited by the increase in Tourism, especially from visitors from Japan. The number of Japanese visitors has returned to levels not seen since September 11, 2001. The Fed also pointed out […]

New mall for Kapolei Proposed

January 15, 2005 Oahu: New Mall for Kapolei Proposed The MacNaughton Group and the Kobayashi Group are partnering to create a mall housing retail, restaurant and entertainment venues of a similar size to the Kahala Mall. The first phase will across Kalaeloa from Home Depot and adjacent 20 acre parcel is under a lease option […]

Honolulu Office Space Harder to Come By

January 13, 2005 Businesses that rent will likely see fewer good deals and higher rents on Oahu. Colliers Monroe Friedlander predicts that this year will see a transition from a renter’s market to a more balanced market. With job growth continuing to improve the vacancy rate for office space is declining and the offers of […]

Oahu New Resort Planned for Ko Olina

January 8, 2005 Oahu: New Resort Planned for Ko Olina The Waianae Coast will get an economic boost when Jeff Stone breaks ground later this year on the 1,000 room Grand Ko Olina Resort, Hotel and Spa and the interactive aquarium. Costs to build will be about $1 billion and will bring some 1000 jobs […]