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Hawaii Real Estate Industry News

Real Estate: Property Taxes in US on the Rise

03/27/2017 Hawaii was the state with the lowest property tax rate, at .27%, while Alabama and Louisiana followed. The average spent on real estate property taxes every year is $2,089, according to the National Tax Lien Association.

Denby Fawcett: Unfair Penalty For Some DUI Offenders?

03/28/2017 “It is like having a scarlet letter,” says DUI defense attorney R. Patrick McPherson. McPherson has handled thousands of DUI cases in Hawaii. Real estate agent Scott Sherley says realtors always turn first to the sanctions section in the Real Estate Co ...

Panda Express owners buy Waikiki high-rise office tower

03/24/2017 Panda Express’ owners have been on quite a real estate buying spree in Hawaii with its latest and most prominent purchase being the former Pacific Business News and Federal Aviation Administration office building at the entrance of Waikiki, according to ...

Iconic Champion Malasadas bakery in Honolulu up for sale

03/24/2017 Champion Malasadas, one of the most iconic bakeries in Hawaii, known for its tasty malasadas ... according to the sales listing with Jim Mao of Better Homes and Gardens Real Estate Advantage Realty. “The owner is selling the business hoping to retire ...

Hawaii musician to open Japanese-style restaurant at Ka Makana Alii in West Oahu

03/22/2017 In 2013, Lam was named director of Asia marketing for Shirokiya Residential Estates LLC, a joint venture between Hawaii real estate veteran Abe Lee and Japanese billionaire and Shirokiya and Vintage Cave Honolulu owner Takeshi Sekiguchi. In 2015 ...

6 Questions With... Anthony Provenzano

03/24/2017 Anthony Provenzano, a senior vice president with Honolulu-based Sofos Realty Corp., recently became president of the Certified Commercial Investment Member Hawaii chapter. The CCIM designation, known also as the “Ph.D. of commercial real estate,” is ...

Divorce After Kids: Try Bird Nesting For Stability

03/25/2017 After owning real estate for the past 14 years in San Francisco (and 20+ years in Hawaii), it feels very difficult to think about forking over rent if I were to ever be in Jack’s shoes. A decent one bedroom here in San Francisco costs about $3,500 a ...

Latin American Property Investments Gaining Popularity Among the Wealthy

03/24/2017 Real estate brokers and wealth managers are noting a movement of ... Here is a look at other news from around the world compiled by Mansion Global: Luxury Home Prices in Oahu, Hawaii Spiked 23% in February The normally sleepy month of February saw a ...

Forecast sees long-term strength in real estate, but some pockets of weakness

03/24/2017 Real estate trivia: The average size of an apartment in the U.S ... that it would raise their air-conditioning bills and worsen the nation's energy crisis. Hawaii doesn't observe DST either, largely because it's relatively close to the equator -- the ...

Real Estate Maui Now Hot Picks

03/22/2017 Maui is such a beautiful place we need to Malama the ‘Aina! Ciara works for Quam Properties Hawaii, INC. as the Lead Real Estate Agent. Her uncle & aunty own Quam Properties Hawaii, INC. it is a family owned and operated company. Based in Napili we offer ...

Spring Cleaning the Green Way

03/20/2017 Maui is such a beautiful place we need to Malama the ‘Aina! Ciara works for Quam Properties Hawaii, INC. as the Lead Real Estate Agent. Her uncle & aunty own Quam Properties Hawaii, INC. it is a family owned and operated company. Based in Napili we offer ...

Controversial real estate investment trust bill stalls in Senate

03/20/2017 A controversial bill proposed by Hawaii lawmakers that aims to temporarily repeal tax breaks for real estate investment trusts doing business in Hawaii, including General Growth Properties Inc., the majority owner of Ala Moana Center and Pacific Office ...

Hawaii's Top Real Estate Team Endorsed By Country Music Star

03/20/2017 KAPOLEI, Hawaii - March 20, 2017 - PRLog-- Over the past 10 years, Radio and Television Experts LLC (RATE) has established unduplicatable, market-exclusive national endorsements for North America's top real estate agents featuring among others, Real Estate ...

These 9 Tax Breaks Can Help Make Homeownership More Affordable

03/16/2017 8. Property Taxes Property tax, or real estate tax, is one of the most common and straightforward tax breaks for homeowners. Whether you live in Hawaii with a real estate tax rate of .27% or New Jersey with an astronomically high rate of 2.35%, you can ...

Hilton Grand Vacations’ opens eighth Hawai‘i property

03/15/2017 “Our expansion in Hawaii is reflective not only of our dedication to providing ... A Blackstone-managed fund, Blackstone Real Estate Partners VI, provided the capital for the new tower and appointed Hilton Grand Vacations to provide vacation ownership ...

Eight Tips on How to Lower Your Property Taxes

03/14/2017 Hawaii levies the lowest effective rate in the nation ... by taking the amount of money needed and dividing it by the total assessed value of the real estate in the jurisdiction. That’s one reason many homeowners feel helpless when it comes to pushing ...

CEO of Locations LLC

03/14/2017 Higashi explains how the 48-year-old company stays relevant amid unprecedented disruption in the real estate industry. He also weighs in on Hawaii’s paltry housing supply, offshore home buyers and whether the new presidency will impact Hawaii’s market.

Alexander & Baldwin on track to make real estate investment trust decision

03/12/2017 Jeff Pauker, who leads real estate acquisitions for A&B subsidiary A&B Properties Inc., said was on a panel at last week’s 14th Annual NAIOP Hawaii Real Estate Symposium in Honolulu that the company’s evaluation efforts are continuing and that a ...

Sell Federal Land & Real Estate to pay off National Debt ?

03/12/2017 The only exceptions to this rule were Texas and Hawaii, both of which were independent republics ... income transfers that will only grow with time. Sell off the federal estate and buy a year or two or three. Then what? Either we fix -- i.e., sharply ...

State takes closer look at property tax rate

03/11/2017 Property tax rates reviewed: Should out-of-state buyers pay more? Growth in out-of-state investment in Hawaii real estate is prompting the state to take a closer look at property tax rates. A report prepared by the Department of Business, Economic ...

Hawaii Five-0 Bases Episode off Organization with Local Roots

03/11/2017 The Veterans Association of Real Estate Professionals (VAREP) handed over a key to a newly remodeled home in Reno, mortgage free. The CBS series, 'Hawaii Five-0' aired a special episode Friday night focusing on sex-trafficking crimes against children ...

Out-of-State Owner Contribute Up to One Third of Hawaii’s Property Taxes

03/10/2017 The report estimates that 32.3 percent of Hawaii’s real property tax was paid by out-of ... tax and the other sectors in the economy such as government, finance, real estate investment, construction, housing demand, and tourism.“ Chief State Economist ...

One third of Hawaii’s real property taxes paid by out-of-state owners, according to DBEDT report

03/09/2017 A new report released by the Hawaii Department of Business ... real property tax and the other sectors in the economy such as government, finance, real estate investment, construction, housing demand and tourism.” Chief State Economist Eugene Tian ...

Major resort deals kept 2016 sales over $4 billion

03/10/2017 Commercial real estate sales in Hawaii dipped for a second straight year in 2016 but stayed above $4 billion thanks to the sale of roughly 2,500 hotel rooms by the largest local hotel company. Read More

Depending on who you ask, Airbnb is either a drain or a boon for Hawaii

03/09/2017 While the state debates how to tax illegal vacation bookings, a new report claims the rentals are changing the character of Hawaii's neighborhoods. The study — commissioned by the American Hotel and Lodging Association and conducted by real estate firm ...

32.3% of Property Taxes Come from Out-of-State Owners

03/09/2017 The Department of Business, Economic Development and Tourism today released “An Analysis of Real Property Tax in Hawaii,” which estimates that ... in the economy such as government, finance, real estate investment, construction, housing demand and ...

Close The Tax Loophole For Real Estate Investment Trusts

03/10/2017 It would come from closing the loophole in our state income tax law which allows Real Estate Investment Trusts (REITs) to take their earnings out of Hawaii, tax free. Unlike other businesses operating in Hawaii, REITs are effectively exempt from state ...

Transactions increase 18% in 2016

03/10/2017 Hawaii’s commercial real estate investment market saw a third straight year of sales volume exceeding $4 billion, hitting $4.1 billion last year, according to the Colliers International Hawaii year-end 2016 investment market report. Despite an 8 percent ...

Castle & Cooke Mortgage opens new branch on Maui

03/09/2017 Castle & Cooke was founded in Hawaii in 1851 as a small general store that has since grown into a worldwide leader in the food, transportation and real estate industries. We are very pleased to grow in a place so rich in personal and historical significanc ...

Hawaii lawmakers turn to economists for housing solutions

03/08/2017 With Hawaii's high cost of living and real estate on the rise, lawmakers are turning to economists for solutions. Rep. Mark Nakashima (D-1) and the House Committee Economic Development and Businesses invited three local economists to a briefing on Hawaii's ...

Chinese company buying up Hawaii properties lands Honolulu office space

03/06/2017 Oceanwide Resort HI LLC, a subsidiary of the Hong Kong-based company that has been on a recent real estate buying spree in Hawaii, is leasing office space in a well-known Downtown Honolulu building, the company's top executive in Hawaii confirmed to ...

Hawaii Life files lawsuit against company co-founder

03/02/2017 Hawaii Life Real Estate Brokers is suing one of its founders, Justin Britt, who is also the sole medical marijuana dispensary licensee on Kauai, over allegations he has put the company at risk by misappropriating funds and damaging the company’s reputation.

Think Your Property Taxes Are High? See the Most—and Least—Expensive States

03/02/2017 “Real-estate taxes should play an important part when deciding ... don’t need to hock their watches or designer bags to pay their property taxes. Hawaii has the lowest median property tax rate on the list, at just 0.27%. But since home prices on ...

State real estate market off to strong start in 2017

03/03/2017 ELLSWORTH — The real estate market in Maine is off to a strong start in 2017 ... Shelton said he had just sold a $685,000 home in Addison to a woman in Hawaii who did not see the actual house until one day before the closing and “absolutely loved ...

The costs of living

03/03/2017 Hawaii ranked first, with an effective real estate tax rate of 0.27 percent, and 24 other states had effective real estate tax rates of less than 1 percent. Hawaii also had the highest median home value at $515,300, with annual taxes on a home prices at ...

Hawaii firm makes 100% return on Pearlridge shopping center investment

03/02/2017 In 2010, when BlackSand Capital was created, Kobayashi told PBN that he and MacNaughton founded the firm because they saw an opportunity in this real estate cycle to deploy capital in Hawaii and achieve safe and fair returns.

Most Expensive States To Live 2017: Which States Pay The Most Property Taxes? Ratings Show Hawaii The Cheapest, New Jersey The Most Taxed

03/01/2017 Hawaii topped the list as the state with the lowest effective real estate tax rate, which was just 0.27 percent. This translates to a payment of only $487 for a median U.S. house. But Hawaii homes are much more expensive than the U.S. median. The median ...

Alexander & Baldwin has spent $9.5M so far on evaluating potential move to become a real estate investment trust

03/01/2017 Benjamin said the growth of its Hawaii commercial real estate portfolio, which has risen to 85 percent from 40 percent in 2012, is what mainly caused the Honolulu-based company to look at becoming a REIT. “We are competing with large REITs, pension funds ...

Long-time real estate figure sells Coldwell Banker United Brokers

02/28/2017 He said already the couple has planned more trips, including one to Hawaii. Go to Coldwell Banker United Brokers real estate website at cbunitedbrokers.com. The office is located at 911 W Main St., Battle Ground.

Musubi maker buys Fujifilm's Hawaii office property

02/28/2017 Fujifilm’s office had been open in Hawaii since 2002, but its closure was driven by market conditions, a company spokesman told PBN. Duane Shimogawa covers energy, commercial real estate and development for Pacific Business News.