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Showing posts with label Neighborhood - Leeward Coast. Show all posts
Showing posts with label Neighborhood - Leeward Coast. Show all posts

Tuesday, December 30, 2014

Ihilani Resort to Stay Open Until April 5

Developer Jeff Stone has announced that the JW Marriott Ihilani Ko Olina Resort and Spa will be staying open until April 5, 2015, three months longer than initially anticipated.  The resort will be undergoing a complete remodel and will be re branded as a Four Seasons resort.  Stone commented, "We want to preserve as many jobs as possible. The decision was made based on the need to keep people working when you can. Hawaii's running over 95 percent occupancy in Honolulu. We have a lot of events. One of our biggest issues is we have Disney (next door). You start tearing up the front, putting in pools, making a lot of ruckus, it will definitely alter the vacation for a lot of people. We don't want to do anything that will damage Disney's reputation."

The hotel is expected to be closed for about a year while it undergoes the first phase of the $500 million renovation.

Source: Honolulu Star Advertiser, 12-30-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Saturday, October 25, 2014

Ko Olina Resort Redevelopment to Cost $500 Million

Real estate developer Jeff Stone has announced that he will be unveiling his new vision to change the existing JW Marriott Ihilani hotel at Ko Olina into a Four Seasons resort. Jeff Stone will be partnering with Westbank, a Canadian company, to acquire the property for $250 million and to redevelop the property for another $250 million.  Under the proposal, a new 15-story tower with 150 luxury homes will be built and will be branded as Hawaii's first Four Seasons' Estates.  The existing 401 room hotel will be closed for about a year starting in January and will be converted to 195 rooms dedicated for hotel rooms and 206 resort condominium residences priced at $1.5 million to $5 million.  There will also be a new wedding chapel, two new main pools, seven new private pools, a coconut grove and a water promenade.  Stone stated, "This is the fulfillment of a long-held dream for Ko Olina. The economic impact of the project, the return to the state and county, is over $1 billion. This is a real hotel with real residences that are part of the hotel. No brand has ever come and done this."

For the 500 employees currently working at the Ihilani Resort, they will receive one week's pay and one week's medical coverage for each year of service.  Stone stated that he expects to rehire about 800 workers once the renovation is completed in a year and added, "We're expecting every single person to reapply. These are very valuable people. We're going to do everything we can to keep them."

Source: Honolulu Star Advertiser, 10-25-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Wednesday, October 15, 2014

Ihilani Resort Will Probably Be Converted into a Condominium

While developer Jeff Stone has not officially announced what he plans to do with the JW Marriott Ihilani hotel at Ko Olina Resort & Marina, a condominium registration report has been filed by one of Stone's subsidiary companies  with the Hawaii Real Estate Commission.  The report states that the 387-room hotel will be converted into 206 residential resort units and the sales of the units will be managed by the Ko Olina Realty LLC, a brokerage firm affiliated with Jeff Stone.  Additional work may be completed to the Ihilani, including demolishing part of the banquet pavilion to build a new residential tower or towers. It is generally believed that the Four Seasons will take over as the management company for the Ihilani once it finishes its condominium conversion process, through, neither Jeff Stone nor the Four Seasons has confirmed that.  However, in the designs provided in the condominium registration report, it does specifically list drawings that state "new exclusive Four Seasons entrance" would be located along the Ihilani's entry road.

No price range for the units have been mentioned, though industry experts believe that they will be similar to those of the Ritz Carlton Waikiki Project, which ranged from $568,800 for a studio to $20 million for a penthouse unit.  The report did note that the majority of the units would be studios ranging from 428 sq ft to 929 sq ft in size.  There will also be 12 one-bedroom suites, and a presidential suite that will have 2,948 sq ft of living space.

Source: Honolulu Star Advertiser, 10-15-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Monday, September 8, 2014

University of Hawaii May Lease Land Surrounding Its West Oahu Campus

The University of Hawaii has stated that they are considering a plan to lease land around their West Oahu campus to commercial developers.  The university currently controls several hundred acres of undeveloped land in Kapolei, but have recently been under attack by state legislators who accuse the school of allowing the land to sit idle.  Some lawmakers have even proposed taking the land back for state use unless the University of Hawaii has a plan in place.

The Board of Regents and school administrators are currently working with a consultant to draft a plan for its two vacant Kapolei parcels.  The first consists of 500 acres of land makai (towards the ocean) of the H-1 Freeway. The second parcel consists of 991 acres of undeveloped agricultural land makau (towards the mountains) of the freeway. University of Hawaii President, David Lassner, stated, "The purpose of this activity was really to identify which parcels would get generally used for what uses, coming up with the broad vision for the two parcels, and in particular the makai parcel. At this point we're not really looking at selling. We don't think we need to sell land to realize the commercial value, but we're very interested in using the land to address our financial challenges."

The University of Hawaii's West Oahu campus currently takes up 80 acres of the the 500 acre makai parcel. Lassner has stated that the school would like to hold onto about 300 acres of that land to allow the campus to expand. However, that will allow for over 150 acres to be redeveloped with commercial properties.  Lassner commented, "We probably wouldn't do big-box retail, but more specialty, mom-and-pop stores, high-density housing, rental apartments, entertainment, restaurants. With the university there, two (rail) stations, Ho‘o­pili (a 12,000-residence master-planned community) nearby, that will probably inspire some good ideas about what else the area could use."

Source: Honolulu Star Advertiser, 9-8-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, August 14, 2014

Ko Olina Resort's Ihilani Hotel to Close Next Year - May Convert to Four Seasons

Jeff Stone, the developer for Ko Olina, has announced that the JW Marriott Ihilani hotel will be closing next year and the property will be converted to another luxury hotel, probably under the Four Seasons Name.  According to Stone, the property will be closed throughout 2015 and will reopen under "one of the top luxury resort brands in the world."  The 387-room Ihilani hotel was completed in 1999 and is still considered to be one of the top hotels in Hawaii, despite the fact that it is beginning to show its age.  Stone added, "I am deeply humbled by your support of our development plans throughout the years. We are confident this project will solidify West Oahu's recognition as a premier global resort location for future generations to enjoy and for your families to prosper."

Source: Honolulu Star Advertiser, 8-14-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Saturday, May 24, 2014

Over Half of the Top 20 Beach Housing Markets Are in Hawaii

According to a report issued by RealtyTrac, 11 of the top 20 beach housing markets in the United States are located in Hawaii.  The California-based research company conducted their studies based upon the average temperature, percentage of sunny days, percentage of days with good air quality and crime rates.  The top 20 markets were then selected provided that they had a median value of below $1 million.  Daren Blomquist, the vice president at RealtyTrac, explained, "Buying near the beach is one of the best ways to ensure a property will appreciate in value. Whether buying for retirement, a vacation home or a primary residence, homes located in quality beach towns benefit from virtually unlimited demand and a finite supply of land to build on."

Ranking third on the list was Waianae, located on the Leeward Coast of Oahu.  Waianae has an average temperature of 76 degrees, 74 percent sunny days, 100 percent days with good air quality, and a crime grade of a B.  It also has a relatively low median home value at $309,328. The other Hawaii beach housing markets to make it in the top 20 were Wailuku (Oahu) at fourth place, Kahului (Maui) seventh place, Ewa Beach (Oahu) at eighth place, Kihei (Maui) at ninth place, Waipahu (Oahu) at tenth place, Lahaina (Maui) at 12th place, Honolulu (Oahu) at 13th place, Pearl City (Oahu) at 14th place, Kaneohe (Oahu) at 15th place, and Kailua at 18th place. 


Source: Honolulu Star Advertiser, 5-24-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Sunday, April 20, 2014

Mokulele Airline Prepares for Service Out of Kalaeloa Airport on Oahu

Mokulele Airlines hopes to start the first-ever commercial flight service from Kalaeloa Airport on July 1, 2014. Kalaeloa Airport, located on the west side of Oahu, was previously known as the Barbers Point Naval Air Station. There are still a lot of hurdles for Mokulele Airlines to overcome, including finalizing a lease with the state to rent the property. However, officials for the airline are confident that everything will fall into place.

Tentatively, the airline plans to fly two to three daily flights from Kalaeloa Airport to Kahului (Maui), Molokai and Lanai, as well as possible service to Kapalua (West Maui). Mokulele current operates more than 120 flights per day and connects Oahu, Molokai, Lanai, Maui and Hawaii (Big Island of Hawaii) island.  According to a previous press release, they plan to purchase two of three more small Caravan planes to help meet demand.

The majority of the West Oahu residents are delighted by this news. Dean Capelouto, the transportation committee chairman of the Makakilo/Kapolei/Honokai Hale Neighborhood Board, commented, "There's a lot of people looking at this as an option of flying from the neighbor islands to get directly to Ko Olina, which is only a hop, skip and a jump from Kapolei. We're supportive of this as a neighborhood board because it promotes business of all sorts. It actually adds potential jobs in our community either via the connector taxi service picking people up from Kalaeloa and taking them where they need to go or at the ticket counter."


Source: Honolulu Star Advertiser, 4-20-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Friday, February 14, 2014

Honolulu Rail Project to Redesign Maintenance Storage Facility

Officials for the Honolulu Rail Project have announced that they will be spending an additional $4.25 million to redesign the track operations at the main maintenance storage facility.  The 43-acre facility, located near the Leeward Community College, will have to be reconfigured so that its tracks can support "automated train operations" that won't require workers to manually move train cars around the yard.  There will also be a test track at the facility, additional cabling for the automated track system, a car-unloading dock and more grading and utilities.  Rail officials stated that these changes will make the storage facility safer and less expensive to operate in the long run.  Unfortunately, the $4.25 million that is being allocated will only pay for the costs associated with the redesign and not for the eventual construction costs associated with the changes.  Critics of the project question why the upgrades were not part of the original designs to begin with.

Source: Honolulu Star Advertiser, 2-14-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Friday, January 24, 2014

Massive Waves on Oahu's Shores Fortunately Causes No Deaths or Damage

Honolulu's Department of Emergency Management was pleased to report no major damage to property and no loss of life was caused by massive waves that hit Oahu's North Shore and Leeward Coast line.  The waves, some with faces reaching 50 feet in height, were still challenged by expert and professional surfers, but city and state officials warn that theses waves are extremely dangerous for even the best athletes.  Lifeguards made two rescues on the North Shore and twelve rescues on the Leeward Coast.  On the island of Kauai, an elderly man sitting on the beach watching the surf was swept away by an especially large wave.  An off duty lifeguard managed to save him before he got swept out into the ocean.  The elderly man suffered from cuts and abrasions and was treated at a Kauai hospital.

While waves are expected to decrease to 20 and 25 feet in height over the next few days, lifeguards warn that these "smaller" waves can be extremely dangerous.


Source: Honolulu Star Advertiser, 1-24-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Wednesday, January 22, 2014

State and County Officials Shut Down Beaches Due to Huge Surf

Hawaii State and Honolulu County officials have shut down several beaches along the North Shore and Waianae coastline of Oahu due to huge surf.  Waves are expected to reach heights of 50 feet over the next few days. Shayne Enright, the spokeswoman for the city's Ocean Safety Division, stated, "We don't want anyone stuck in the parking lot if there's a surge. We're asking people not to risk their lives. That jeopardizes lifeguards' safety."

Director of Honolulu's Department of Emergency Services, Melvin Kaku added that this type of high surf is a once-in-10 years event.  Kaku stated, "What increases the hazard is the forecasted wave heights in combination with the long duration these swells will be impacting our shorelines. The long duration means that ocean waters will pile up in the surf zone, allowing the larger waves to impact farther into beach areas. This battering effect can cause increased shoreline erosion and damage to homes and infrastructure as well as blocking coastal highways with sand, debris and water."


Source: Honolulu Star Advertiser, 1-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Sunday, November 3, 2013

New Learning Center to Be Built on Leeward Coast of Oahu

Kamehameha Schools has announced that they will be constructing a new learning center in the town of Maili on the Leeward Coastline of Oahu.  Initially the center will have a total of twelve preschool classrooms, which would be able to accommodate 185 preschoolers.  However, that is just the first phase of the $33 million complex, which will eventually have meeting spaces for various community organizations serving young children and their families.  The complex will be built on 40 acres of land owned by the state Department of Hawaiian Home Lands. Kamehameha Schools will be leasing this land.

Source: Honolulu Star Advertiser, 11-3-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, October 24, 2013

Hawaiian Electric Submits Request to Build Large Solar Photovoltaic Project

The Hawaiian Electric Company is seeking approval from the Public Utilities Commission to build a large solar photovoltaic project next to the Kahe plant on the Leeward Coast of Oahu.  If approved, the facility would be able to produce electricity at the equivalent cost of 14.5 cents per kilowatt-hour, significantly below the 22.7 cents per kilo-watt hour that it currently costs to produce electricity from low-sulfur fuel oil.  HECO's vice president for power supply, Ron Cox, stated, "This is a unique opportunity that benefits our customers because it allows us to quickly develop more low-cost clean energy."  Once completed, the 50 acre site will be the largest solar farm in the state of Hawaii.

Source: Honolulu Star Advertiser, 10-24-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Saturday, September 7, 2013

Hawaii Kai Marina Dredging Project Stalled Due to Possible Illegal Dumping

The Hawaii Kai Marina Community Association has hired American Marine to oversee a $5 million dredging project to remove sludge from its marina, whose waters are very low in some areas making it dangerous for boaters.  American Marine in turn subcontracted SER Silva Equipment Rental to dispose of the sludge.  However, when a Silva dump truck overturned on the H-1 freeway on its way to the Waianae Coastline, City Councilwoman Kymberly Pine, who represents Waianae, became suspicious of illegal dumping and demanded that the Hawaii Kai Marina Community Association takes back all of its sludge.  Pine stated, "I will make sure that I do everything in my power, including exploring all legislative options, to stop this private marina from dumping its sludge in our community and ensure that this unchecked dumping never happens again."

State Senator Maile Shimabukuro, who also represents Waianae, added that homestead residents reported that the SER Silva trucks were illegally dumping material in the Waianae Valley.  Shimabukuro contacted the city's Department of Planning and Permitting, who sent an inspector.  The inspector issued a notice of violation against SER Silva Equipment Rental to stop work immediately.  Waianae residents are concerned that they do not know what is in the sludge and that it could end up contaminating its beaches and bays.  The Waianae residents are especially upset that the Hawaii Kai Marina Community Association is claiming ignorance of the matter.  The Hawaii Kai Marina Community Association President stated that that it is not their responsibility as to where the sludge ends up, but rather the fault of American Marine and SER Silva Equipment Rental.

Source: Honolulu Star Advertiser, 9-7-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Saturday, May 18, 2013

Demolition and Reconstruction Begins for Queen’s Medical Center West Oahu


Queen’s Health System has announced that demolition will begin immediately at the former Hawaii Medical Center in Ewa. Queen’s will spend $70 million to rebuild and refurnish the facility, which will be renamed as Queen’s Medical Center, West Oahu. Senior vice president of Queen’s West Oahu, Susan Murray, stated, “This really is opening a brand-new Queen’s Medical Center West Oahu. It will look and feel different than it ever did before. It will have very much the look and feel of the Queen’s Medical Center downtown.”
The new facility will have a total of 23 emergency rooms and four operating rooms, a significant increase from the 10 emergency room and two operating rooms the the Hawaii Medical Center had. They will also add an intensive care unit, a diagnostic imaging department, and gynecology services. Queens expects to hire 400 employees initially and have between 60 and 80 doctors there in the facility.
Source: Honolulu Star Advertiser, 5-18-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Tuesday, March 12, 2013

Leeward Real Estate – Mayor Hopes to Keep Waimanalo Gulch Landfill Open With New Technology


One of the most debated issues on the island of Oahu is the need and the location for a new landfill. Currently, the main landfill owned by the City and County of Honolulu and operated by Waste Management Hawaii, is the Waimanalo Gulch Landfill on the Leeward Coast. Experts are concerned that this landfill has actually reached its capacity several years ago and that there is an immediate need to find a new landfill site on the island. However, there is no community on Oahu wishes to have a landfill in their neighborhood, thus creating the debate. Furthermore, the Ko Olina Community Association has been attempting to shut down the Waimanalo Gulch Landfill through the state Land Use Commission and the city Planning Commission.
On Tuesday, March 12, 2013, Honolulu Mayor Kirk Caldwell has announced that he does not believe that a new landfill is necessary on Oahu thanks to new advances in technology. Caldwell hopes that a new HPOWER plant will allow as much as 90 percent of the city’s solid waste to be converted into energy with the remaining 10 percent being recycled. At some point, Caldwell believes that a landfill will only be kept around in the event of natural disasters and other emergencies. Caldwell stated, “This is a slow march to reducing and, I’m hoping, eliminate anything more going into the landfill.”
Source: Honolulu Star Advertiser, 3-13-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Saturday, March 2, 2013

Leeward Coast Real Estate – Foreclosure Lawsuit Filed Against Makaha Resort


Northwynd Resort Properties Ltd., a Canada based company, owns the Makaha Resort on the Leeward Coast of Oahu. In April 2011, Northwynd had partnered Pacific Links Hawaii, a golf course operator, to help upgrade the hotel and convert the 173 rooms into timeshares. Pacific Links purchased the 18-hole golf course which was part of the Makaha Resort for $2.5 million and spent $3 million upgrading the golf course. Pacific Links also agreed to loan Northwynd $6.8 million to help renovate the hotel. However, Northwynd was unable up secure additional financing and closed the hotel in October 2011. Northwynd claimed at that time that they would secure financing at a later date, upgrade the property and then reopen the Makaha Resort.
Pacific Links has recent filed a foreclosure lawsuit against Northwynd and hopes to repossess the currently closed hotel that was used to secure the loan. Chief operating officer for the Pacific Links Hawaii, Micah Kane, stated, “It is very unfortunate that Makaha Hotel and Resort was unable to secure the financing to reignite hotel operations. However, we will use this as an opportunity to pursue a more comprehensive, community-based approach to developing a truly sustainable economic plan for Makaha Valley.”
Source: Honolulu Star Advertiser, 3-2-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Friday, January 25, 2013

Leeward Real Estate – Ko Olina Resort & Marina Still Has No Public Boat Ramp


When the Ko Olina Resort & Mariana project was first conceived, one of the requirements put into place was that the resort was required to build a public boat ramp on its property. The Ko Olina Resort installed a public ramp in 2000, but it quickly became a controversial issue as the public complained about operating hours and fees, while resort residents complained about noise and heavy traffic. As a result, the resort closed and destroyed the public boat ramp in 2005 and stated that the public could use a ramp that a boat repair company used to transport boats to and from the water at the adjacent industrial Kalaeloa Harbor. However, fisherman and public boaters complained that the ramp was unsafe for them to use due to the fact that its design was made for larger vessels and had poor protection from larger ocean swells for small boats. In 2008, the Hawaii Land Use Commission ruled that Ko Olina was required by law to re-establish a public boat ramp in its marina, but did not specify a deadline for its construction to be completed.
Now, almost eight years from when Ko Olina Resort & Marina removed the public boat ramp and five years after the Land Use Commission required Ko Olina to rebuild a public boat ramp, no work has been done. Ko Olina Development LLC’s attorney, Wyeth Matsubara, stated, “We have no control over the permitting authorities and how long it takes to process permits. It is the process and it is what is required.” Matsubara added that once all of the permits and requirements were completed it would take about 12 months to build the boat ramp and cost a total of $2 million. Matsubara noted that the resort needs to get water quality certification permits, a conditional use permit, a conservation use district permit, a coastal zone management permit, a shoreline management area permit, a Corps of Engineers permit and finally a building permit to build the boat ramp. The resort may also have to conduct a cultural survey as required by the State Historic Preservation Division and a study to assess the impacts on fish as required by the National Marine Fisheries Services.
Meanwhile, local fishermen and boaters remain furious as the Ko Olina Resort & Marina and feel that the resort is intentionally delaying the project and permitting process. Many noted that the Disney Aulani Resort and Spa at Ko Olina, which costed over $850 million, was completed in just two years while a $2 million boat ramp has taken over five years and counting.
Source: Honolulu Star Advertiser, 1-25-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, January 24, 2013

Alexander & Baldwin Purchases Waianae Mall


Alexander & Baldwin, a Hawaii based real estate firm, has announced that they have purchased the Waianae Mall for $29.8 million. The property has approximately 170,000 sq ft of retail space and is the neighborhood shopping center. President and Chief Operating Officer for Alexander & Baldwin, Chris Benjamin, commented, “We plan to revitalize the mall and restore it as an important retail and community center for Waianae residents.”
The property was built in 1974 and has been struggling with occupancy rates over the last few years. Currently, the mall has an occupancy rate of 79 percent, though Alexander & Baldwin has stated that they do have a new anchor tenant in place which would increase that occupancy rate to 93 percent by the end of this year. Alexander & Baldwin would be the fourth owner for Waianae Mall in the past decade.
Source: Honolulu Star Advertiser, 1-24-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, January 10, 2013

Queen’s Medical West Oahu to Open February 2014


The Queen’s Medical Center had purchased the closed down Hawaii Medical Center West at the end of 2012 and has begun a massive renovation project of the property. According to their most recent press release, Queen’s will be opening the hospital under the name Queens Medical Center West Oahu in February 2014. Queen’s would have spent a total of $70 million aquiring the hospital, completely renovating the interior and purchasing new equipment for their doctors. The new West Oahu campus would have a total of 22 emergency rooms and four operating tables upon completion. President of Queen’s Medical Center, Art Ushijima, stated, “We have a larger medical staff compared to what HMC or St. Francis had. There’s significant interest among physicians who would like to establish services in West Oahu. That’s one of the key things. There’s expertise from the medical center that we can certainly provide that may not have been there before. There’s been significant community interest in reopening that hospital. I would anticipate the community wants the hospital to be successful so there’s going to be active interest in supporting the hospital.”
According to regulatory filings with the State of Hawaii, Queen’s estimates that there will be a total of 3,300 inpatient admissions in their first year, as well as 27,100 emergency and outpatient visits. By their third year, the West Oahu campus is expected to grow to 3,500 inpatient admissions and 29,400 emergency and outpatient visits.
Source: Honolulu Star Advertiser, 1-10-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Thursday, August 30, 2012

Disney’s Aulani Resort to Expand

The Walt Disney Company has announced that they will be expanding their Aulani Resort & Spa property at Ko Olina on the island of Oahu. According to their plans, the property will add a third swimming pool, several new restaurants and additional retail space. Construction would start in September 2012 and work is expected to be finished by the middle of 2013. Aulani spokesman, Todd Apo, commented, “We will continue to listen to our guests and do what’s right to provide them with the best resort experience here at Aulani. A lot of it’s been listening to our guests over the last year. In their feedback to us they’re looking for more. We have found ways to provide our guests with more of what they’re asking for.”
Source: Honolulu Star Advertiser, 8-30-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com