A Seattle company wants to develop a massive renewable energy project in the waters between O’ahu and Moloka’i, targeting an area that usually has Hawai’i’s largest concentration of endangered humpback whales, is an important feeding ground for Hawaiian monk seals and is popular with commercial and recreational fishermen. The proposal has many environmentalists, fishing enthusiasts, […]
The international custom built burger franchise The Counter Burger has opened up in Oahu’s Kahala Mall next to Whole Foods. The restaurant boasts that their 100% Angus beef is humane raised and handled. Is it just me, or are most of us on a constant search for a good burger? Whether we recognize, and then […]
A&B Properties Inc. has purchased the Waipio Gentry industrial properties in Central Oahu and also a warehouse and distribution facility near San Diego, the company said Wednesday. Honolulu-based A&B Properties, the real estate subsidiary of Alexander & Baldwin Inc. (NYSE: AXB), acquired both properties using 1031 tax-deferred proceeds from earlier commercial property sales. The Gentry […]
The Honolulu Board of REALTORS® released resale figures today for the month of February. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: February 2009 Residential Resales Statistics for OahuSingle Family Home Resales Number of Sales This Month Compared To Median* Sales […]
Judge Blondin appointed a replacement receiver to oversee the foreclosure of the Ilikai. The new receiver will thankfully keep the hotel open. Honolulu Attorney George Van Buren, who was appointed by 1st Circuit Judge Karen N. Blondin on Monday to replace Joseph Toy as receiver and commissioner for the foreclosed property, said the hotel would […]
Source: Pacific Business News Hawaii lawmakers will consider a bill Tuesday that would prohibit lighting up cigarettes on world-famous Waikiki Beach. State law already prohibits smoking in all enclosed and partially enclosed workplaces and public places, including restaurants and bars. The law has been opposed by some bar and restaurant owners who say it has […]
Source: Pacific Business news Just as San Francisco past a bill to ban plastic shopping bags, Hawaii is considering the same. In an effort to reduce waste and support a more greener way of life as well as attempting to limit harmful effects to wildlife, the Hawaii legislature is considering this bill. “Plastic shopping bags […]
Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a seasonally adjusted annual rate1 of 4.74 million units in December from a downwardly revised pace of 4.45 […]
Source: Honolulu Advertiser General Growth has been able to their master plan for their Ward Center project approved. It is to redevelop some 60 acres. General Growth which also owns Ala Moana Center has really been going all out to create a wonderful shopping experience for their customers. The approval by the Hawai’i Community Development […]
Ernie Els formally opened his first golf course in Hawaii Monday, saying he’d like to see a world-class tournament played there within three or four years. “I would love to see a golf tournament played here,” said the South African pro, who had just come off a sixth-place tie over the weekend in the PGA’s […]
With crime rates falling off at a fast pace this soon could be a reality especially with the crime declining by a whopping 22%. Honolulu appears headed toward defending its title as the nation’s safest major city after FBI crime statistics released yesterday indicate a 22 percent decline in crime through the first six months […]
source: Honolulu Advertiser The historic Royal Hawaiian hotel has been closed for 7 months and under going an $85 million upgrade. The hotel was built in 1927 and stands out along the beach with its beautiful Spanish architecture all decked out in pink. The changes are part of owner Kyo-Ya’s estimated $750 million renovation of […]
source: Pacific Business News Us. Department of the Treasury officially took their stake in Central Pacific Bank int he form of $135 million of senior prefered stock. The hope is that this will stabilze their balance sheet to allow the bank to makes more loans here in Hawaii. Central Pacific Financial Corp. on Friday sold […]
Source: Pacific Business News The single-family home market on the neighbor island continues to fair worse than Oahu. The number of sales is also markedly off from 2007. Sales of homes in Maui County were down by more than 30 percent in December, capping off a year in which sales of both single-family homes and […]
Clean, cool modern elegance defines this penthouse unit at the Tahitienne located along Hawaii’s famed Gold Coast area at the base of Oahu’s Diamond Head crater. This spacious three bedroom, three and a half bath unit has direct ocean frontage and has been extensively renovated by the iD Group. The unit, which includes a huge […]
Source: Pacific Business News It was revealed that the State of Hawaii made two offers to purchasse the Turtle Bay resort, but both offers were rejected. An Aug. 10 offer to brokers representing Oaktree Capital Management, the resort’s owner, was rejected, and a Nov. 25 offer expired last month without a response, the governor’s office […]
After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in November, fell 4.0 percent to 82.3 from a downwardly revised reading of 85.7 in […]
Source: Pacific Business News It is fortunate that Hawaii has so far escaped the mainland woes over commercial real estate. The change from 2007 is rather moderate. Furthermore we even saw a slight increase in the average asking rents to $3 per square foot. There was 17,018 square feet of negative absorption and the vacancy […]
The neighbor island seems to be more affected by the downturn in real estate. The median sales prices of single family are substantially down from their highs in 2006. The median price of a single-family home on Kauai in December was $495,000, a 21 percent drop from December 2007. However, that price was based on […]
Oahu’s median home price remained fairly stable in 2008 according to resales statistics released today by the Honolulu Board of REALTORS®. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: December 2008 Residential Resales Statistics for OahuSingle Family Home Resales Number of […]