Real Estate in Hawaii

Alexander & Baldwin’s Lofts @ The Collection in Honolulu sell out over the weekend

the-collection-artist-rendering-with-the-lofts-callout-600xx1867-2800-267-0Homebuyers looking to score a loft at Alexander & Baldwin’s Honolulu condominium project The Collection in Kakaako waited in lines for hours over the weekend to pay at least $349,000 for a studio, the developer said Monday.

In all, 54 owner-occupied lofts sold, including 48 studios, priced between $349,000 and $370,000, to six two-bedroom, two-bathroom lofts priced from $540,000 to $580,000.

The…

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How Honolulu’s rail system could change the Ala Moana area

How Honolulu’s rail system could change the Ala Moana area

This rendering shows how the transit oriented development plan for the Ala Moana area in Honolulu would make Kapiolani Boulevard more walkable.

This rendering shows how the transit oriented development plan for the Ala Moana area in Honolulu would make Kapiolani Boulevard more walkable.

The area around Ala Moana Center has a lot going for it, according to Nate Cherry, a California architect who, along with Honolulu’s Department of Planning and Permitting, has created a new vision for the neighborhood through a new Transit Oriented…

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D.R. Horton’s 11,750-home Hoopili project in West Oahu may start construction in 2016
Supporters of Hoopili are seen in this file photo gathering in Downtown Honolulu before a Hawaii Land Use Commission hearing two years ago. The project's developers recently submitted its rezoning application to the City and County of Honolulu's Department of Planning and Permitting.

Supporters of Hoopili are seen in this file photo gathering in Downtown Honolulu before a Hawaii Land Use Commission hearing two years ago. The project’s developers recently submitted its rezoning application to the City and County of Honolulu’s Department of Planning and Permitting.

D.R. Horton — Schuler Homes LLC plans to tentatively start construction on Hoopili, its 11,750-home master-planned…

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San Diego-based developer OliverMcMillan eyeing other Hawaii development projects

San Diego-based developer OliverMcMillan eyeing other Hawaii development projects

This rendering shows the Symphony Honolulu condominium, which is being developed by San Diego-based OliverMcMillan.

This rendering shows the Symphony Honolulu condominium, which is being developed by San Diego-based OliverMcMillan.

OliverMcMillan, the San Diego-based firm developing the Symphony Honolulu condominium project, is opening a Hawaii regional office next month and is in negotiations for two new development projects in the Islands outside of Honolulu, the head of the company’s Hawaii office told PBN.

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D.R. Horton submits rezoning plans to Honolulu for 11,750-home Hoopili project

D.R. Horton submits rezoning plans to Honolulu for 11,750-home Hoopili project

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Supporters of Hoopili are seen in this file photo gathering in Downtown Honolulu before a Hawaii Land Use Commission hearing two years ago. The project’s developers recently submitted its rezoning application to the City and County of Honolulu’s Department of Planning and Permitting.

D.R. Horton — Schuler Homes LLC has submitted its application to the City and County of Honolulu’s Department of…

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The Howard Hughes Corp. finalizing plans on Honolulu workforce housing tower
The Howard Hughes Corp. plans to redevelop the block at 404 Ward Ave. in Kakaako, including the two-story building shown here, into a 415-unit residential tower with commercial space and parking, the first project in its Ward Village master plan.

The Howard Hughes Corp. plans to redevelop the block at 404 Ward Ave. in Kakaako, including the two-story building shown here, into a 415-unit residential tower with commercial space and parking, the first project in its Ward Village master plan.

The Howard Hughes Corp. is finalizing plans for its 424-unit workforce housing residential tower planned for 404 Ward Ave. in Kakaako as part of its…

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Hawaii had fewer all-cash home sales in Q2, RealtyTrac says

All-cash sales for single-family homes and condominiums in Hawaii decreased to 42.5 percent of all sales statewide during the second quarter, compared to 47 percent in the same quarter last year, according to a report from RealtyTrac, the real estate data tracking service.

For the first half of 2014, cash sales totaled 39 percent, which was virtually unchanged from the first half of 2013, said…

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HCDA undertaking year-long effort on revitalizing Kakaako Makai parks

The Hawaii Community Development Authority, which is overseeing the redevelopment of the Honolulu neighborhood of Kakaako, is undertaking a year-long effort to plan for future facilities for the public parks in the makai, or ocean side, part of the area.

The state agency is holding a series of open houses to focus on the current challenges facing the parks and possible solutions for transforming…

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Brewbaker says median price of an Oahu single-family home may hit $1M by 2018
Paul Brewbaker

Paul Brewbaker

Paul Brewbaker is the go-to economist for several Realtors’ organizations in Hawaii, and five years ago, he predicted that the median price of a home on Oahu would hit $1 million by 2017.

His prediction was based on the projection that homes prices would appreciate by 15 percent each year.

Instead, he said, home prices have appreciated by 5-10 percent year-over-year, so now, his…

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