State: Hawaii - HI

The Toronto-based hotel company is buying the Orchid at Mauna Lani from Los Angeles-based Colony Capital. The $260,223/room price is almost double what Colony paid for the luxury hotel six years ago.

August 2, 2002Commercial Real Estate Direct Staff ReportHONOLULU – Essex Fidelity I Corp., a subsidiary of Essex Property Trust (NYSE:ESS), has sold a 700-unit multifamily community here for $44.1 million.The REIT purchased the Moanalua Hillside apartments, which sit at 1229 ...

June 14, 2002 HONOLULU, Hawaii – A&B Properties has agreed to buy a 180,300-square-foot retail center from the Morita Co. for $30.2 million.The Mililani shopping center sits on 12.8 acres within the master-planned community of Mililani in central Oahu.The center ...

May 29, 2002CHICAGO – General Growth Properties Inc. (NYSE:GGP) has completed its $250 million acquisition of Victoria Ward Ltd., which owns some prime property in Hawaii.The Chicago REIT had earlier said it would fund its acquisition with $50 million of ...

The investment firm has hired Eastdil Realty to evaluate a possible sale, recapitalization or refinancing for its Orchid at Mauna Lani hotel in Hawaii. It acquired the upscale 539-unit property in 1996.

May 1, 2002 WAIKOLOA, Hawaii – Hilton Hotels Corp. (NYSE:HLT) has purchased the Hilton Waikoloa Village, a 1,241-key resort property, in which it had already owned a 13 percent interest, for about $155 million.Hilton, which already managed the resort complex, ...

April 9, 2002 HONOLULU – General Growth Properties (NYSE:GGP) has agreed to buy Victoria Ward Ltd., a private real estate company, for about $250 million.The transaction consists of the assumption of roughly $50 million of existing short-term debt. The remaining ...