Condo cancellation doesn’t mean Hawaii real estate cycle is ending, expert says
The two three-acre sites in Honolulu’s growing Kakaako neighborhood owned by Kamehameha Schools where a developer had planned to build at least one luxury condominium tower likely won’t be developed in this cycle’s real estate boom, but at least one expert tells Pacific Business News that the cancellation of plans to develop the parcels doesn’t […]
Park Lane Ala Moana luxury Honolulu condo 75 percent sold
Park Lane Ala Moana, the $1 billion luxury condominium project being built by a trio of Honolulu firms — Kobayashi Group, The MacNaughton Group and BlackSand Capital — along with landowner General Growth Properties Inc., is well over 75 percent sold, an executive from one of these firms told PBN. Prices for the project, which […]
Hawaii developers cancel plans to build luxury condo tower, develop neighboring parcel
The Kobayashi Group and The MacNaughton Group have canceled plans to build the Vida at 888 Ala Moana luxury high-rise condominium project and develop a neighboring parcel that would have added a total of 500 residential units to Honolulu’s growing Kakaako neighborhood, citing slow sales in recent months, executives from the two Hawaii developers confirmed […]
Workshops scheduled on Ward Village affordable condo units in Kakaako
The Howard Hughes Corp. on Tuesday said it will hold educational workshops next week for buyers interested in the 375 affordable units that will be built at its 43-story, mixed-use Ward Village tower called Ke Kilohana at 988 Halekauwila. The project, which will be located at the corner of Ward Avenue and Halekauwila Street and […]
Construction set to start on Whole Foods condo tower in Kakaako
The Howard Hughes Corp. plans to start construction on its mixed-use condominium that will include Whole Foods Market’s flagship Hawaii location in the Honolulu neighborhood of Kakaako on Thursday, the Texas-based developer said. Located at 1001 Queen St., at the corner of Queen and Kamakee streets behind the Ward Entertainment Center, Aeo will include 466 […]
Kamehameha Schools may lease Kakaako lands intended for condo towers, exec says
Kamehameha Schools will eventually lease the vacant buildings on two three-acre lots in Kakaako, where developers scrapped plans to build at least one luxury condominium tower, the trust’s top executive in its commercial real estate division confirmed to PBN Wednesday. The state’s largest private landowner is in the midst of concluding matters with The MacNaughton […]
Panda Express billionaire founders put their Honolulu penthouse up for sale
The billionaire owners of Panda Restaurant Group, parent company of the Panda Express restaurant chain, have put their Honolulu penthouse up for sale for about $3.6 million, according to public records. Andrew Cherng and Peggy Cherng, the husband-and-wife founders of Panda Express, have been busy buying Hawaii real estate. The Cherngs recently purchased a beachfront […]
Hawaii buyers lead local home, condo purchases, Title Guaranty report finds
It is no secret that some of Hawaii’s priciest real estate is being bought by those who don’t live in Hawaii, but a quarterly Title Guaranty report found that local residents, or at least buyers with recorded local addresses, were purchasing most of the state’s residential real estate, handily eclipsing rates set by buyers from […]
Alexander & Baldwin taps Honolulu firm to handle leasing for ‘The Collection’
Alexander & Baldwin Inc.’s subsidiary has tapped Honolulu-based Beall Corp. to lease out the ground floor commercial spaces of its 465-unit The Collection mixed-use project in Kakaako, Beall Corp. confirmed to PBN this week. The Collection, which is next to Kamehameha Schools’ Salt at “Our Kakaako” 85,000-square-foot restaurant and retail complex, has ground floor commercial […]
First Look: Ferraro Choi shares renderings of Honolulu’s ‘Kakaako Innovation Block’
Honolulu architecture firm Ferraro Choi and Associates Ltd. has been tapped to design a part of the 5.5-acre “Kakaako Makai Innovation Block,” a partnership between the Hawaii Community Development Authority and the High Technology Development Corp. Ferraro Choi, which is designing the “Entrepreneur’s Sandbox” and is in the planning phase for the “Innovation Hale,” has […]