Honolulu

Work Begins on First of 6 Microgrids to Power Joint Base Pearl Harbor-Hickam
PEARL will comprise a 1.5-megawatts of solar photovoltaic integration, 500 kilowatt-hours of battery storage and the ability to restore 1MW of power with less than a 10 percent voltage drop.
Industrial
iStar Affiliate Closes $535M in Ground Leases
The REIT finalized a previously announced joint venture agreement for a ground lease of 425 Park Ave. in Manhattan and the additional ground lease of a Honolulu hotel.
Office
Hawaiian Electric Cos. Issue RFP for 900 MW Renewables
The request for proposals marks the largest single renewable energy procurements undertaken by a U.S. utility company.
Industrial

  • Alexander & Baldwin Pays $90M for Hawaii Retail Asset

    The company acquired a 135,000-square-foot retail center in the Waikoloa Beach Resort. The property is anchored by grocery store Island Gourmet Market.

    24 May 2019 10:10

  • Parallel Capital to Manage 1 MSF Honolulu Portfolio

    The San Diego-based company assumed asset management of a collection of downtown Honolulu office and retail properties, and added a new regional vice president for the Hawaii market.

    08 May 2019 10:58

  • Marriott Courtyard on Hawaii Changes Hands

    HFF worked on behalf of Pacifica Hotels to market the 452-key beachfront property, which comprises two connected six-story towers in the Kailua-Kona neighborhood.

    03 April 2019 12:40

  • Hilton Plans 388-Key Timeshare Resort in Hawaii

    The project will mark the vacation ownership company’s 10th property in the state and its first on Maui.

    29 January 2019 12:36

  • Blackstone Buys Maui Hotel, Condo Property

    Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.

    19 October 2018 11:57

  • Westin JV Opens New Hotel in Hawaii

    The hospitality company partnered with Mauna Kea Resorts on the 232-key location on the Kohala Coast, its first property on the Big Island.

    27 June 2018 12:42

  • New 20MW Solar Farm to Power Pearl Harbor Navy Base

    The facility, dubbed West Loch, will consist of 80,760 fixed-tilt solar panels spread across 102 acres of land owned by the U.S. Navy. Upon completion, the farm will produce the lowest-cost renewable energy in the state.

    25 April 2018 14:33

  • Diamond Resorts Buys First Oahu Hotel

    The Modern Honolulu hotel is situated minutes from the Waikiki Beach and offers various luxury amenities. Diamond Resorts plans to implement a few upgrades to the resort.

    23 April 2018 13:44

  • Hawaii Hotel Fetches $200M

    Continuing its portfolio upgrade, Xenia Hotels & Resorts sold its leasehold interest in the 693-key Aston Waikiki Beach Hotel in Honolulu, four years after acquiring the property for $183 million.

    16 March 2018 11:22

  • Alexander & Baldwin Takes 3 in Hawaii for $254M

    Terramar Retail Centers disposed of three newly constructed retail centers, totaling 391,000 square feet. As part of the transaction, A&B also assumed $62 million in mortgage debt.

    28 February 2018 16:37

  • Hyatt to Shed 3 Properties in $1B Deal

    The sale of Grand Hyatt San Francisco and two resorts to Host Hotels is tied to the company’s sell-down and asset-recycling programs. Hyatt will continue to manage all three assets.

    26 February 2018 13:28

  • Hawaii’s Largest Office-Industrial Park Lands $165M Financing

    Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.

    11 October 2017 11:48

  • Honolulu-Area Oceanfront Retail Center Changes Hands

    J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.

    02 October 2017 23:50

  • Trinity, Oaktree Form $3B Hotel JV

    The partners will focus on high-quality, value-add hotels in a handful of markets around the world, including Hawaii, California, Mexico and Japan.

    23 August 2017 13:14

  • Salem Sells Flagship Walgreens in Hawaii

    A Korean investment firm purchased the retail asset for $42.3 million. Salem is pursuing entitlements to redevelop the adjacent site to the store into a hotel/condominium project.

    14 August 2017 13:21