Latest real-estate & development news and updates
Three individuals were found guilty of a multi-million dollar affordable housing scheme in Hawaii County. The case underlines the importance of integrity in real estate development, urging developers and related professionals to enhance transparency and due diligence to safeguard the public trust.
Two attorneys and a businessman in Hawaii were found guilty of defrauding the affordable housing program, highlighting the ongoing housing crisis and need for stricter oversight. The scheme involved securing and selling $10.9 million in land and credits through bribery.
The reopening of Lahaina Roads coincides with the Maui County Council's deliberations on short-term rental regulations, impacting the real estate market and property owners in the area. This event occurs amid the ongoing rebuilding efforts and the need to balance the needs of long-term residents and the tourist economy.
A lawsuit against Honuaʻula alleges height restrictions are unjustly preventing the completion of an affordable housing project. This legal battle in the real estate market potentially sets a precedent, influencing future investment and regulatory practices.
Park Hotels & Resorts is exploring the addition of a new tower to the Hilton Waikoloa Village, indicating continued investment and development in Hawaii's hospitality sector. This move is part of a broader trend of upgrading offerings and accommodations to sustain tourism growth, impacting local businesses and real estate.
Avalon Group's downtown Honolulu revitalization project, centered around Pickles at Forté, goes beyond pickleball, incorporating substantial commercial spaces to diversify the business landscape and encourage economic growth.
The Black Sand Beach development on the Big Island has avoided foreclosure after the developer resolved a $3.4 million debt, prompting new plans for the area and highlighting the challenges and opportunities in Hawaii's real estate market.
Developers of the controversial Punalu‘u Village project near Punalu'u black sand beach have avoided foreclosure as the mortgage lender withdrew its lawsuit although the project faces continued challenges and scrutiny of its environmental & financial aspects.
A dispute between the city and state of Honolulu regarding a proposed land swap is generating uncertainty regarding future real-estate development. The state's interest in developing new office space collides with local government's potential resistance, thus creating a complex situation for investors and businesses in Hawaii.
A new housing project in Lahaina is set to provide affordable housing options for educators, which in turn could lead to a more stable workforce and a boost to the local economy. This development signifies a strategic move to bolster community recovery.
Kaiser Permanente's purchase of the Maui News campus in Wailuku signifies a significant real estate transaction, influencing local business dynamics and investment in the region. This will require The Maui News to find a new location, while impacting local businesses connected to printing.
A robust construction industry is becoming a cornerstone of Hawaiʻi's economic recovery, particularly for Maui, where significant rebuilding efforts are underway following the 2023 wildfires. This surge presents opportunities and challenges for the state's real estate, investment, and construction sectors.
JL Capital has begun construction on Amana Lofts, adding 64 affordable rental units in Honolulu's Ala Moana area to address the high demand for housing and reduce living costs for residents. This project is part of a broader trend in Hawaii towards increased real estate development in the affordable housing market.
An FBI raid in Mapunapuna led to a state eviction notice for a tenant, bringing relief to nearby businesses. This event underscores the importance of diligent property management and highlights potential risks for real estate developers and investors in Honolulu.
Kaiser Permanente's recent purchase of the Maui News property is set to reshape the local real estate landscape, with the newspaper planning to move and re-establish its operational practices. This strategic acquisition by Kaiser indicates potential expansion of healthcare services and offers real estate opportunities for entrepreneurs and developers in Wailuku and across Maui.
Kaiser Permanente's acquisition of a 6.28-acre site in Wailuku, currently occupied by The Maui News, signifies a strategic expansion of its presence on Maui, likely paving the way for enhanced healthcare infrastructure and services on the island. This real estate transaction reflects ongoing investment and presents new opportunities and challenges for local businesses.
Hawaiian Dredging Construction Co. Inc. tops the list of Hawaii's largest general contractors, showcasing a robust construction market with significant implications for local entrepreneurs and investors.
The Honolulu Department of Planning and Permitting (DPP) is cautioning the public about illegal construction activity, urging careful selection of contractors and ensuring all necessary permits are obtained. This warning highlights the repercussions of non-compliance and underscores the importance of adhering to building regulations in Hawaii's real estate and development sector.
The Honolulu Department of Planning and Permitting (DPP) is urging the public to exercise caution when hiring contractors for building projects, emphasizing the importance of compliance with building regulations to avoid legal and financial repercussions.
A new $20 million workforce housing project has broken ground in West Maui, aimed at providing affordable rental units for educators and improving housing access in the aftermath of the 2023 wildfires. This initiative is a crucial step in stabilizing the local workforce and helping the community's recovery process.