David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
State: Hawaii - HI
Retail Center in Hawaii See Appraised Value Reduced
Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers. In addition, ...
Hawaii’s Pearlridge Center Sees Appraisal Slashed; Receivership in Works
Pearlridge Center, the largest enclosed mall in Hawaii, has been reappraised at a value of only $176.5 million, one-third less than the $225 million loan against it. The venture that owns the property has consented to placing it in receivership.
Hawaii Kai Shopping Center
The transaction resulted in $30.06 million of net proceeds, or $207.63/sf. But because the loan against the property was in special servicing for so long—the loan transferred in July 2020—the sale resulted in $17.91 million of losses to the CMBS ...
Hunt Buys Hawaii Kai Retail Center for $30.06Mln, Cleans Up 2006 CMBS Deal
Hunt Cos. has purchased the 144,793-square-foot Hawaii Kai Shopping Center in Honolulu, resolving what originally was a $33 million loan that defaulted more than four years ago. The sale resulted in $17.91 million of losses to the CMBS trust that ...
Hawaii’s Biggest Enclosed Mall Faces Hot Water as Mortgages Mature
Facing a maturity in the coming month, the $263.29 million of CMBS financing against the Pearlridge Center, the largest enclosed mall in Hawaii, has transferred to special servicer KeyBank.
$579.5Mln CMBS Loan Against Hawaii Hotel Granted 3-Month Extension
Commercial Real Estate Direct Staff Report The $579.5 million of CMBS debt against Grand Wailea, a 776-room hotel in Wailea, Hawaii, has been granted a three-month extension, taking its maturity to August 2025. The extension was first highlighted in a ...
New York Life Lends $136Mln Against Fairmont Orchid Hotel in Hawaii
Commercial Real Estate Direct Staff Report New York Life Real Estate Investors has provided $136 million of financing against the 540-room Fairmont Orchid hotel resort in Waimea, Hawaii. JLL arranged the five-year loan, which pays a fixed coupon. It allowed ...
Alaska Permanent Fund Offers 3 Hawaii Retail Properties for Sale
Commercial Real Estate Direct Staff Report The Alaska Permanent Fund has put three retail centers with a total of 726,858 square feet in Hawaii up for sale. The $81.45 billion-asset sovereign wealth fund, founded in 1980, has tapped Marcus & ...
$2.42Bln CMBS Loan Against Ala Moana Mall Back on Track
The securitization of a $2.42 billion mortgage against the Ala Moana shopping mall in Honolulu, on the Hawaiian island of Oahu, is back on track after having been set aside last month because of market instability.
Citi, JPMorgan Lend $665Mln Against Four Seasons Maui Hotel
Citi Real Estate Funding and JPMorgan Chase Bank have agreed to provide $665 million of financing against the 383-room Four Seasons Maui hotel in Wailea, Hawaii. The loan, with a two-year term, could be extended by up to three additional ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
