The story behind the cancellation of luxury condo Vida at 888 Ala Moana
The story behind Kobayashi Group and The MacNaughton Group’s cancellation earlier this year of their Vida at 888 Ala Moana luxury high-rise condominium project started many months before the developers decided to ultimately nix the development. B.J. Kobayashi, co-founder and partner of Kobayashi Group, who was a panelist at a commercial real estate industry event […]
Three homes being built for total of $25M at Hawaii’s Kukio resort — and here’s who owns them
Building permits worth a total of nearly $25 million were recently issued for three new homes in the exclusive Kukio subdivision near the Four Seasons Resort Hualalai on Hawaii’s Big Island, according to PBN Business Leads research. The largest permit, $12 million, was issued for an oceanfront 2-acre parcel in Kukio’s Kaupulehu subdivision owned by […]
Howard Hughes challenges HCDA over conditions for 42-story Kakaako tower
Howard Hughes challenges HCDA over conditions for 42-story Kakaako tower The Howard Hughes Corp. is challenging the state agency regulating development in the Honolulu neighborhood of Kakaako regarding conditions the agency set for the approval of its newest mixed-use high-rise residential project within its 60-acre Ward Village master-planned community, public documents show. Earlier this month, […]
Honolulu developers interested in re-visiting building in Kakaako
The MacNaughton Group and Kobayashi Group would like to revisit developing projects in the Honolulu neighborhood of Kakaako again in the future, an executive from one of the Honolulu firms told PBN. Earlier this year, the two developers canceled plans to build the Vida at 888 Ala Moana luxury high-rise condominium project and develop a […]
Alexander & Baldwin has spent $9.5M so far on evaluating potential move to become a real estate investment trust
Alexander & Baldwin has spent $9.5M so far on evaluating potential move to become a real estate investment trust Alexander & Baldwin Inc. has spent $9.5 million on its evaluation efforts that will be used to decided whether to become a real estate investment trust or not, according to public documents filed Wednesday. Chris Benjamin, […]
Hawaii has lowest real property tax, WalletHub report says
Hawaii has lowest real property tax, WalletHub report says Hawaii has the lowest real property tax in the United States with a rate of 0.27 percent, according to a report by WalletHub. According to the report, Hawaii’s annual taxes on a $178,600 home is $487, 8.6 times lower than in New Jersey, the state with […]
Hawaii agency strikes agreement with New York firm to build Kakaako project
A Hawaii agency has approved a development agreement with a New York developer to build a low-income Honolulu rental project that will include smaller, efficient units such as micro-units. The Hawaii Community Development Authority, which regulates development in the Honolulu neighborhood of Kakaako, on Tuesday voted to approve its development agreement with Bronx Pro Group […]
Kamehameha Schools’ $90M Keauhou Lane
Kamehameha Schools’ $90 million Keauhou Lane mixed-use project is scheduled to break ground next month in the Honolulu neighborhood of Kakaako, the developer said Monday. It includes 209 rental units and about 32,300 square feet of restaurant and retail space Oregon-based Gerding Edlen is developing the project on behalf of the state’s largest private landowner, […]
Foodland Farms lease at Ala Moana Center tops $24M
Foodland Super Market Ltd. has signed a lease with General Growth Properties calling for it to pay $24.3 million over an initial 20-year term for what will be its largest store in Hawaii — a 47,395-square-foot Foodland Farms store at Ala Moana Center. The lease, which is scheduled to expire on June 30, 2036, with […]
Honolulu cool when it comes to house flipping
Honolulu cool when it comes to house flipping Honolulu, where the median price of a single-family home rose 5 percent last year, was one of the coolest spots in the U.S. for house flipping in 2016, when compared with other metropolitan areas. According to new research from Trulia, a combination of rising home prices and […]