Latest real-estate & development news and updates
A recent letter in the Honolulu Star-Advertiser expresses significant opposition to potential government regulation of rental properties, highlighting the ongoing tension between property owners and local government regarding property rights and housing regulations.
Hawaii's affordable housing shortage continues to be a critical issue for the state's business landscape, influencing various sectors and requiring multifaceted solutions and strategies to improve accessibility and affordability for all residents.
The planned Punaluu Village commercial development on Hawaii Island's black sand beaches has been halted due to foreclosure, causing a significant shift in the local real estate market. This project’s failure suggests the complexities of developing in Hawaii, especially when dealing with environmental sensitivities and community concerns.
A new study reveals that Hawaii is experiencing record-breaking permit delays that significantly affect the real estate sector and overall business environment. The delays in construction significantly impact entrepreneurs and investors, particularly in Honolulu and Maui, though new governmental policies offer a possible solution.
A recent University of Hawaiʻi report reveals unexpected dynamics within the state's housing market, with potential opportunities amidst high prices. The presence of properties around $500,000, along with varying market behaviors across islands and property types, necessitates strategic investment approaches for entrepreneurs and investors.
Federal funding cuts to the Department of Hawaiian Home Lands (DHHL) threaten Native Hawaiian housing initiatives, potentially impacting developers, the local economy, and the agency's ability to provide affordable housing and develop infrastructure.
A state agency in Hawaii is undertaking a significant expansion of preschool facilities, presenting both opportunities and challenges for local businesses and investors. The initiative, detailed in a recent article from the Honolulu Star-Advertiser, involves the construction of classrooms, teacher housing, and a new school, reflecting the growing demand for early childhood education in the state.
The Aloha Stadium project faces significant financial uncertainties, impacting Hawaii's real estate and development landscape. Delays, rising costs, and shifts in strategy pose challenges for local businesses and investors, potentially affecting the project's scope and economic impact.
The transport of debris from the Lahaina wildfire to a permanent disposal site in Central Maui is set to begin in June, marking a crucial step in the recovery process and signaling opportunities for real estate and development projects.
Hawaiian Home Lands faces potential federal funding cuts, threatening affordable housing initiatives and impacting Hawaii's real estate market, requiring stakeholders to closely monitor developments and adapt to policy changes.
The U.S. Army's publication of its final environmental impact statements for land retention on Oʻahu has significant implications for Hawaii's real estate market and overall development landscape. The EIS outlines potential impacts to surrounding areas and presents both challenges and opportunities to investors, developers, and entrepreneurs.
Matthew Pennaz, after 12 years as COO of Kobayashi Group, is launching Aspire Development & Consulting, a new real estate company in Hawaii. This move introduces a new competitor in the local market.
Maui County is launching a new loan program this summer to support middle-income Lahaina homeowners rebuilding after the devastating 2023 wildfires, focusing on essential expenses like property surveys and fireproof materials, bolstering the ongoing recovery efforts.
Hawaii Governor Josh Green is defending his emergency powers in court to address the state's affordable housing crisis, which could have a significant impact on developers, investors, and the business landscape. The legal challenge has the potential to reshape the state's housing policies and the pace of new housing projects.
The former Dave & Buster's location in Honolulu's Ward Village is vacant, with the auction of its equipment underway, but the identity of the next tenant remains unknown. This situation presents opportunities and challenges for local real estate professionals and investors.
A settlement has been reached in the high-profile case of a house built on the wrong lot in Hawaiian Paradise Park, which underscores the need for diligent real estate practices in Hawaii. The resolution provides lessons for investors, developers, and real estate professionals.
Hawaii's housing affordability crisis is worsening, impacting residents, businesses, and the overall economy. High costs, non-resident ownership, and construction challenges are significant contributors to this ongoing issue, prompting calls for policy changes and innovative solutions.
The Pacific Shopping Center in West Oahu has been sold in an off-market deal, with CBRE representing the buyer. This transaction highlights the continued interest in Hawaii's commercial real estate, particularly in established retail properties.
Hawaii's housing affordability continues to worsen, challenging residents and businesses alike. A recent report highlights the scarcity of affordable housing, the impact on the local economy, and the need for innovative solutions.
A new UHERO report highlights that Hawaii faces a severe housing crisis, with less than 25% of households able to afford a mortgage on a median-priced home. This situation profoundly affects residents, local businesses, and potential investors, necessitating innovative solutions and policy changes.