Latest real-estate & development news and updates
The application period for the Hoʻokumu Hou First-Time Homebuyer Opportunity Program is set to close on September 30, 2025, as announced by the County of Maui Office of Recovery. This program is part of a broader initiative to support Maui residents, particularly those affected by the 2023 wildfires, in their efforts to rebuild and secure housing.
The latest rankings of Hawaii's wealthiest ZIP codes reveal a dynamic landscape in the luxury real estate market, showcasing how affluent residents are reshaping the islands. This shift presents both challenges and opportunities for entrepreneurs, investors, and real estate professionals looking to capitalize on evolving preferences.
Maui County residents impacted by the devastating 2023 wildfires face a critical deadline. Applications for the Hoʻokumu Hou First-Time Homebuyer Opportunity Program, a key initiative aiding recovery, will close on September 30th, 2025, according to an announcement from the County's Office of Recovery.
The Honolulu City Council recently passed two bills designed to ease the financial burden of property taxes for Oahu homeowners. The measures aim to lower future annual property tax bills, particularly for senior citizens and those on fixed incomes, potentially influencing the local real estate market and homeowner finances.
A 127-unit affordable rental housing project, Kaleima‘o Village - West Loch Apartments, is taking shape in Ewa Beach on city-owned land, aiming to provide much-needed housing for low-income families and essential workers. The project, a joint venture between Stanford Carr Development and a Los Angeles-based firm, is expected to be completed by the end of 2026.
Naulu Apartments, a 25-story affordable housing development in Halawa, is nearing full occupancy, with only a few units remaining. This rapid uptake underscores the critical need for affordable housing options in Hawaii and the investment opportunities in this sector.
University of Hawaiʻi at Mānoa researchers are urging the adoption of more robust building standards in coastal flood zones due to the increasing threats of rising sea levels and coastal flooding. This push aims to protect communities and infrastructure by incorporating long-term sea-level rise projections in building designs.
Hawaii County is moving forward with plans to revitalize the old Hilo Memorial Hospital site, seeking bids for the initial renovation phase. This project presents a significant opportunity for developers and investors in the region, potentially transforming a historic landmark into a valuable asset.
The state of Hawaii has launched a new website, Engage.Hawaii.gov, to keep the public informed and involved in ongoing discussions with the U.S. Army regarding land leases set to expire in 2029. This initiative aims to promote transparency and encourage civic engagement on issues crucial to Hawaii's future, particularly concerning land use and potential economic impacts.
The Honolulu City Council is on the verge of approving measures designed to alleviate the property tax burden on homeowners, a move that could significantly impact real estate values and financial planning across the island. These bills, which are up for final readings, aim to increase property tax exemptions for many residents, potentially providing substantial savings.
Hawaii County is moving forward with the renovation of the old Hilo Memorial Hospital, seeking bids for the first phase of the project. This presents a significant opportunity for real estate developers and investors looking to revitalize the Big Island's landscape.
Governor Green has launched a website to gather public input on the upcoming negotiations for the Army's land leases, which expire in 2029. With potential recourse to eminent domain, the outcome of these negotiations will significantly impact Hawaii's real estate market and long-term economic prospects.
Hawaii's ongoing housing shortage is threatened by construction delays, impacting real estate development, and businesses. These delays, stemming from various factors, are creating challenges for developers, investors, and prospective homeowners.
The County of Maui is urging residents impacted by the 2023 wildfires to be vigilant against potential fraud related to the Hoʻokumu Hou housing programs, emphasizing the importance of obtaining information directly from official County sources. This warning comes as the County continues to distribute substantial disaster recovery funds aimed at rebuilding efforts.
The Nu'uanu YMCA in Honolulu is set for a major redevelopment, replacing its original building with a new facility that will include affordable housing, healthcare services, educational programs, and a preschool. This project signifies a significant investment in community well-being and offers insights into local real estate and development trends.
The Nu‘uanu YMCA in Honolulu is set to undergo a significant transformation, with plans for a new facility that will incorporate affordable housing, healthcare services, and a preschool. This project, backed by substantial donations, aims to modernize the YMCA's offerings and address critical community needs.
Honolulu's housing market faces significant challenges, and a proposed empty homes tax could provide a financial boost to build more affordable housing. This measure, part of a broader effort to address housing shortages, aims to encourage more efficient use of existing housing stock by taxing properties left vacant for extended periods.
The YMCA of Honolulu is making progress on its plan to rezone its Central Y property near Waikiki, a move that would allow for the sale of the 1.77-acre site. This rezoning initiative signifies potential opportunities for real estate developers and investors in a prime Honolulu location.
Hawaii's luxury real estate market is experiencing a period of flux, with celebrity property sales and acquisitions influencing market dynamics. This trend presents opportunities and challenges for local entrepreneurs, investors, and the broader community.
Disagreements among state and county leaders are slowing down the redevelopment of Hilo's Banyan Drive, a prime location for tourism and hospitality businesses. The lack of consensus on the future of key properties, including the former Uncle Billy’s Hilo Bay Hotel site and the shuttered Country Club Condo Hotel, is creating uncertainty for potential investors and local entrepreneurs.