Trio of Hawaiian Retail Assets Acquired for $254M

Honolulu, HI-based Alexander & Baldwin acquired three retail centers from Newport Beach, CA-based Terramar Retail Centers, LLC for $254 million, including the assumption of $62 million in mortgage debt. The assets include: – Laulani Village Shopping Center, (Ewa Beach, Oahu, pictured above) a new, 175,000-square-foot community retail center in West Oahu that is 95% leased. – Hokulei Village Shopping

Continue Reading

$224M Partnership Set to Rehab, Preserve 1,221 Units in Hawaii

Los Angeles-based Standard Communities, in partnership with The State of Hawaii and Honolulu-based Stanford Carr Development, closed on the first phase of an innovative $223.9 million public-private partnership that will reposition 1,221 units of affordable housing across six properties located on the islands of Oahu, Hawaii, and Maui. The closing included five of the six

Continue Reading