Hawaii developer Stanford Carr says ‘stars are aligned’ this real estate cycle
Hawaii developer Stanford Carr, who has been around for several real estate cycles in the state, describes the current upswing as if the stars are aligned. In an exclusive interview with PBN this week, the Maui native who has turned into one of the top developers in Hawaii, especially in the residential real estate sector, […]
Luxury condos at Ala Moana Center to be priced between $1M and $20M
Park Lane Ala Moana, the $1 billion luxury condominium project being built on what was once a parking area at Ala Moana Center by a trio of Honolulu firms — Kobayashi Group, The MacNaughton Group, BlackSand Capital — and landowner General Growth Properties Inc., plans to price the units between at least $1 million and […]
Alexander & Baldwin paid $23M to buy Kakaako lot from Kamehameha Schools
Alexander & Baldwin Inc.’s real estate subsidiary paid $23 million to Kamehameha Schools to purchase the three-acre former CompUSA lot in Kakaako, the site of the Honolulu-based developer’s 465-unit mixed-use The Collection condominium project, according to public records. In October, A&B Properties Inc. said it purchased the lot, which is bounded by Ala Moana Boulevard, […]
Howard Hughes Corp. to replace Marukai Market at Ward Village with mixed-use project
The Howard Hughes Corp. plans to submit plans to the Hawaii Community Development Authority early next year outlining plans for a mixed-use project with significant commercial space that would replace the existing Marukai Wholesale Market near the Ward Entertainment Center, the head of the state agency overseeing the redevelopment of the Honolulu neighborhood of Kakaako […]
Alexander & Baldwin buys Kakaako Commerce Center for $39M
Alexander & Baldwin Inc. has purchased a seven-story warehouse and office building in the Honolulu neighborhood of Kakaako from a California real estate investment firm for $39 million, the company said Monday. Honolulu-based Alexander & Baldwin (NYSE: ALEX) said in a filing with the U.S. Securities and Exchange Commission on Monday that it had completed […]
Alexander & Baldwin plans no changes to newly acquired Kakaako warehouse
Alexander & Baldwin Inc., which this week closed on the purchase of a seven-story warehouse and office building in the Honolulu neighborhood of Kakaako for $39 million, plans to operate the property as industrial space for the foreseeable future. “The investment in Kakaako Commerce Center expands our commercial portfolio focus on Hawaii,” Suzy Hollinger, spokeswoman […]
Honolulu’s Kakaako needs major work at the street level, experts say
Better coordination between landowners, developing a business improvement district and subsidizing retailers were some of the ideas tossed around at a town hall meeting in Downtown Honolulu that focused on the pedestrian experience in the growing Honolulu neighborhood of Kakaako. While much of the talk of Kakaako has been about those tall skyscrapers being built […]
Honolulu’s iconic Fisherman’s Wharf building torn down
The iconic Fisherman’s Wharf Restaurant building in Honolulu, which stood along Ala Moana Boulevard for nearly seven decades, was demolished on Thursday to make way for a redevelopment of the property. The Office of Hawaiian Affairs, the owner of the property, officially started preparations to take down the aging structure earlier this month. PBN first […]
Castle & Cooke starts construction on $50M Kakaako mixed-use project
Castle & Cooke Homes Hawaii Inc. officially started construction Friday on its $50 million, 400 Keawe mixed-use project in the Honolulu neighborhood of Kakaako, which includes 95 units and 10,000-square-feet of commercial space on the ground floor of a low-rise tower. Located on the corner of Keawe and Auahi streets on a 1.5-acre site, the […]
The Howard Hughes Corp. moves forward with plans for Hawaii’s Kewalo Basin Harbor
The Howard Hughes Corp., which took over management of the Kewalo Basin Harbor in Honolulu in September, is considering redevelopment options of the aging small boat harbor, including upgrading restrooms, adding food service and a convenience store for boaters, security and other improvements. Late last week, executives from the Dallas, Texas-based developer gave PBN an […]