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March 3, 2015

Howard Hughes Corp. says Honolulu luxury towers three-quarters sold

The Howard Hughes Corp. said Monday that 88 percent and 78 percent of the units in its two luxury condominiums in Kakaako — 171-unit Waiea and 311-unit Anaha — werre under contract as of Feb. 1, according to the Dallas-based developer’s 2014 annual report.

Located on a former surface parking lot fronting Ala Moana Boulevard, diagonally across from Anaha’s site, Waiea is expected to be completed by the end of 2016.

Anaha, which is located on the former Pier 1 Imports site, is anticipated to…

By SEO Admin
March 3, 2015

First look at Target's new Kailua store: Slideshow

Business leaders and community members gathered Monday to take a first look at one of Hawaii’s new Target stores in the Windward Oahu town Kailua, as Target employees were busy stocking shelves with final items in preparation for the store’s opening on Wednesday.

The store covers 130,000 square feet, much smaller than other Target stores, according to store manager Drew Santos, who is also from Kailua.

“This store is going to feel more local, from the mosaics that depict Hawaiian culture by Leah…

By SEO Admin
March 3, 2015

Texas and Houston tops for new, expanded corporate facilities in 2014

Texas again nabbed the top spot in Site Selection magazine’s annual list of the best states for corporate expansions, and Houston ranked No. 2 among metro areas.

Announced March 2, Texas and Kentucky have been crowned the winners of the magazine’s 2014 Governor’s Cup for having the most new and expanded corporate facilities over the past year. This is the second year in a row that Texas has won the Governor’s Cup.

Texas saw 689 corporate facility projects finish in the past year. That’s slightly…

By SEO Admin
March 3, 2015

Pre-leasing begins for Hawaii Kai rental project

Pre-leasing began Monday for 7000 Hawaii Kai, a 269-unit rental project being developed by Honolulu-based Avalon Development Co. LLC, the head of the firm told PBN.

The $165 million long-planned project, originally called the Hale Ka Lae condominium, began construction in October and is slated to be completed by the summer of 2016, Christine Camp, president of Avalon Development told PBN.

Located at 7000 Hawaii Kai Drive, the project’s landowner, South Korea’s Hanwha Engineering Construction Corp.,…

By SEO Admin
March 3, 2015

Alexander & Baldwin needs more time to finalize 2014 income statements

Alexander & Baldwin Inc. said Monday that it needs more time to finalize its financial statements for 2014, and plans to file for an extension for releasing its net income for the year.

Honolulu-based Alexander & Baldwin (NYSE: ALEX) had an operating profit of $147.3 million in 2014, up from $101.4 million the previous year, according to its full-year and fourth quarter earnings report released Monday.

The increase in operating profit reflects an uptick in real estate sales activity, higher leasing…

By SEO Admin