City: Honolulu
BofA Lends $43.2Mln Against Piece of Hawaii’s Pearlridge Center
Commercial Real Estate Direct Staff Report Bank of America has provided $43.2 million of financing against the 154,944 square feet of retail space at the Pearlridge Center in Hawaii that a Washington Prime Group venture had acquired last month. The ...
Trinity/Oaktree Venture Pays $317Mln for Westin Maui Resort
A venture of Trinity Investments and Oaktree Capital Management has paid $317 million, or $417,655/room, for the Westin Maui Resort & Spa on Ka'anapali Beach in Maui, Hawaii. The venture bought the leasehold interest in the luxury property, on 12 ...
ACORE Lends $54.9Mln for Condo Conversion of Hawaii Hotel Rooms
The following story has been edited to reflect a correction published on Dec. 19, 2016. It previously misidentified the lender. ACORE Capital has provided $54.9 million of mortgage financing against 96 rooms and an 8,000-square-foot suite at the Hapuna Beach ...
Ritz-Carlton Kapalua Resort Sells to Investor Team
Commercial Real Estate Direct Staff Report A venture of Ares Management, SMW Hospitality and Trinity Investments has purchased the Ritz-Carlton Kapalua Resort on Maui, Hawaii. SMW Hospitality is a venture of Square Mile Capital Management and Wafra Investment Advisory Group. ...
Maui Mall Trades Hands for $64.75Mln
Pacific Business News U.S. Realty Partners has purchased the 130,599-square-foot Lahaina Cannery Mall on Maui for $64.75 million, or $496/sf. The 15-acre property at 1221 Honoapiilani Hwy is anchored by Safeway, whose lease expires in 2035. Other tenants include Longs ...
Honolulu Storage Facility Sells for $29Mln
Pacific Business News Extra Space Storage has purchased the 119,000-square-foot Diamond Head Self Storage facility in Honolulu for $29 million, or $243/sf. The property, at 633 Ahua St., features climate-controlled units, covered parking and security access.
Mantra Group to Buy Stake in Honolulu Hotel Property for $52.5Mln
Pacific Business News Mantra Group is buying a stake in the Ala Moana Hotel in Honolulu for $52.5 million from Outrigger Enterprises Group. The acquisition includes 1,086 rooms, six restaurants and bars, nine meeting facilities, commercial common areas and all of ...
Howard Hughes Corp. to Build Mixed-Use Project in Honolulu
Pacific Business News The Howard Hughes Corp. is building a mixed-use project at 1001 Queen St. in Honolulu. The project will include 466 condominium units and a 54,000-square-foot Whole Foods Market store on the ground floor.
Manoa Marketplace
95 percent occupied The buyer also acquired the land beneath the property. The property, or leasehold interest, serves serve as collateral for a $13.4 million loan that's securitized through Cobalt CMBS Commercial Mortgage Trust, 2006-C1. The loan pays a coupon ...
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