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Sunday, January 29, 2012

Fee Interest Being Offered for Foster Tower Condominium

Queen Liliuokalani Trust has just announced that they will be offering the fee interest for the Foster Tower condominium.  Located at 2500 Kalakaua Avenue, Foster Tower consists of 141 units in studio, one bedroom/one bath, and two bedroom/two bath models.  According to representatives from the Liliuokalani Trust, they will be taking the cash raised from the sale of the fee interest and use it to develop other lands that the trust owns.  The lease was set to expire in 2034.

Source: Honolulu Star Advertiser, 1-29-2012
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
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