Real Estate in Hawaii

Project to build tallest building in Hawaii still in limbo

Project to build tallest building in Hawaii still in limbo

Forest City Hawaii has chosen Honolulu’s Nordic PCL Construction Inc. as the general contractor for the $500 million 690 Pohukaina mixed-use project in Kakaako.

A rendering of Forest City Hawaii’s 690 Pohukaina project in Honolulu

A rendering of Forest City Hawaii’s 690 Pohukaina project in Honolulu.

A rendering of Forest City Hawaii’s 690 Pohukaina project in Honolulu.

A rendering of Forest City Hawaii’s 690 Pohukaina project in Honolulu.

It’s been about a year since the developer of the 690 Pohukaina mixed-use project in Kakaako, which would be…

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Hawaii State Federal Credit Union buys Kakaako property for new flagship branch
Hawaii State Federal Credit Union, which recently bought Acme Fender & Paint Shop's property in Kakaako, plans to build a new flagship branch on that property.

Hawaii State Federal Credit Union, which recently bought Acme Fender & Paint Shop’s property in Kakaako, plans to build a new flagship branch on that property.

Hawaii State Federal Credit Union, the second-largest credit union in the state, recently purchased the former Acme Fender & Paint Shop property in Kakaako, where it plans to build its new flagship branch not too far away from its current…

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Waikiki Landing developer loses $25M loan commitment for Ala Wai redevelopment

The developers of the Waikiki Landing project, a redevelopment of the commercial and boating services at Hawaii’s Ala Wai Small Boat Harbor, are working to find new funding after losing a $25 million loan commitment for the project.

The Honolulu Star-Advertiser Honolulu attorney Keith Kiuchi took over as the Honey Bee USA Inc. project as project developer in March after learning that that a…

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TripAdvisor names Lanikai best beach in the U.S.

Lanikai Beach is the best beach in the United States and the eighth best in the world, according to a new ranking by TripAdvisor.

The website just released its 2014 Travelers’ Choice rankings for top beaches.

Ten of TripAdvisor’s top 25 beaches in the U.S. are located in Hawaii, with Kaanapali, Hanalei, Waianapanapa State Park, Wailea, Maniniowali and Hanauma Bay joining Lanikai in the top 10.

La…

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Howard Hughes Corp. gets OK to lease Honolulu small boat harbor for 45 years

Howard Hughes Corp. gets OK to lease Honolulu small boat harbor for 45 years

The Howard Hughes Corp. will take over operations and management of Kewalo Basin Harbor, between Downtown Honolulu and Waikiki, for up to 45 years under a lease approved Friday by the Hawaii Community Development Authority.

The Howard Hughes Corp. will take over operations and management of Kewalo Basin Harbor, between Downtown Honolulu and Waikiki, for up to 45 years under a lease approved Friday by the Hawaii Community Development Authority.

The Hawaii Community Development Authority on Friday voted to allow The Howard Hughes Corp. to lease Kewalo Basin Harbor for up to 45 years in a public-private partnership…

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As Oahu home prices rise, so does the need for affordable housing

Julie Meier, the president of the Honolulu Board of Realtors, said Monday that while she isn’t surprised the median price for a single-family home on Oahu hit a record-breaking $700,000 in June, she is somewhat surprised that it has happened so fast.

A lack of inventory coupled with high demand sent home prices through the roof in June, according to the board.

Oahu has 2.8 months worth of…

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New sustainable luxury home project in Honolulu already 50% reserved
This rendering shows one of the homes planned for the Kapiwai project in Pauoa, near Downtown Honolulu.

This rendering shows one of the homes planned for the Kapiwai project in Pauoa, near Downtown Honolulu.

Kapiwai, the planned 24-home sustainable subdivision near Downtown Honolulu, recently began its general sales process, and already has about half of its residences reserved, the brokerage firm marketing the project told PBN.

“People have this unique opportunity that’s close to town,” she told…

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Howard Hughes Corp.’s second Honolulu luxury tower to start construction in coming months

Howard Hughes Corp.’s second Honolulu luxury tower to start construction in coming months

anaha_01The Howard Hughes Corp. is preparing to start construction in the coming months on its second luxury Honolulu condominium tower called Anaha that is planned for the former Pier 1 Imports location in Kakaako, the senior vice president for the Texas-based firm’s Hawaii operations told PBN.

The Howard Hughes Corp. (NYSE: HHC) said in its first quarter earnings report in March that it had pre-sold 54…

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New report addresses Hawaii’s housing crisis, saying prices are out of reach for many
A report by the Hawaii Appleseed Center for Law and Economic Justice says rents in Hawaii jumped by 45 percent between 2005 and 2012.

A report by the Hawaii Appleseed Center for Law and Economic Justice says rents in Hawaii jumped by 45 percent between 2005 and 2012.

The Hawaii Appleseed Center for Law and Economic Justice released a report Wednesday on Hawaii’s “affordable housing crisis,” saying that rents increased by 45 percent between 2005 and 2012, while wages increased by just 21 percent.

Affordable housing, the report…

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Ultra-luxury condos at Hawaii’s Ala Moana Center to start construction soon
This diagram over an aerial photograph of Ala Moana Center provided by developers The MacNaughton Group, Kobayashi Group and BlackSand Capital shows where a group of ultra-luxury condominiums, as well as a new Bloomingdale's store, will be built.

This diagram over an aerial photograph of Ala Moana Center provided by developers The MacNaughton Group, Kobayashi Group and BlackSand Capital shows where a group of ultra-luxury condominiums, as well as a new Bloomingdale’s store, will be built.

The Honolulu developers of the $300 million Park Lane Ala Moana project, a row of seven ultra-luxury, condominium towers planned for what is now a…

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