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Hawaii Real Estate Industry News

OHA remains tight-lipped on geothermal investment

04/12/2015 The Office of Hawaiian Affairs would have received a 5 percent stake in a 25-megawatt geothermal plant in exchange for a $1.25 million investment in the Huena Power Consortium, according to a due diligence report issued by Peninsula Real Estate Partners.

Julia Roberts Lists Beachfront Hawaii Plantation For Sale At $30 Million

04/09/2015 Julia Roberts is bidding farewell to her gorgeous Hawaiian estate and it’s certainly not a cheap goodbye. Recently, the Oscar-winning actress has reportedly listed her Hanalei home for sale at a price of $29.85 million. The 3,792 square foot property boasts a panoramic view of Hanalei Bay and the lush mountain range of Kauai. Known Julia Roberts Lists Beachfront Hawaii Plantation For Sale At $30 ...

Must-see: Julia Roberts lists Hawaii home for $30M

04/09/2015 Actress Julia Roberts' Hanalei, Hawaii, estate has hit the market for $29.85 million,  Pacific Business News reports . The 3,792-square-foot home, known as the Faye Estate, was built in 1946 and features seven bedrooms and four bathrooms ,  according to the listing with Hawaii Life Real Estate Brokers . The two-acre lot includes 213 ...

States where you’ll pay the lowest property and vehicle taxes

04/09/2015 Hawaii has lowest combined tax burden, and New Hampshire has the highest. Where does your state rank?

Bill to buy Alii Place goes to full Senate as more companies ditch office space

04/06/2015 A proposal to buy Alii Place for $90 million now heads to the full Senate as real estate analysts say Hawaii's office market continues to st…

Group 70 International Presents Investor Team to Tahitian Government for Tahiti Mahana Beach Resort and Spa

03/31/2015 Hawaii’s largest locally owned design firm Group 70 International, Inc. today submitted its team of world-class investors from the U.S., Tahiti, China, France and Mexico to the French Polynesian government for the new 130-acre Tahiti Mahana Beach Resort and Spa.

Watchdog bars ex-LPL broker who tapped client funds for Hawaii retreat

03/26/2015 A former LPL Financial LLC broker who borrowed nearly $2.3 million from clients to build a vacation rental property in Hawaii has been permanently barred from the securities industry in a settlement reached with Wall Street's watchdog. Raymond Daniel Schmidt, who was affiliated with the unit of LPL Financial Holdings Inc in Oceanside, California, borrowed the money from seven clients between ...

Hawaiian tropic: Are Obamas privately eyeing Magnum, P.I. home?

03/19/2015 Magnum, P.I. is not on the case, but plenty of amateur sleuths are trying to figure out if the mysterious buyer of the Hawaiian mansion where the 1980s detective show was shot is none other than President Obama.

House panel passes bill to increase affordable housing

03/17/2015 A state House panel passed a bill to provide more affordable housing for working families and Hawaii's most vulnerable, calling for general obligation bonds that would be used to develop homes including micro-housing units.

Affordable — relatively speaking

03/15/2015 LIHUE — Kauai is home to two of the “Most Affordable Places to Live in Hawaii,” according to a new study.

Virtual reality is disorienting but brings with it real potential

03/14/2015 The Samsung Gear VR headset transports me from a gondola ride in Venice to a helicopter ride over Hawaii to a frigid, serene seashore, waves gently lapping, somewhere on this planet.

US property lures super funds

03/10/2015 THE falling dollar is no deterrent to Australian super funds investing in pricey US real estate, a Hawaii mall deal suggests.

Hawaiian Mall Draws Hefty Price, Australian Investor

03/10/2015 Hawaiian Mall Draws Hefty Price, Australian Investor

Associa Hawaii's Kristi Hirota-Schmidt Named President of West Oahu Economic Development Association

03/10/2015 OAHU, Hawaii -- Associa Hawaii is proud to announce that Senior Vice President of Business Development Kristi Hirota-Schmidt, CMCA(R), AMS(R), has recently been named president of the West Oahu Economic ...

ZBB Energy Corporation to Participate in the Hawaii Buildings, Facilities and Property Management Expo March 11-12, 2015

03/09/2015 MILWAUKEE, WI--(Marketwired - Feb 10, 2015) - ZBB Energy Corporation ( NYSE MKT : ZBB ), a leading developer of innovative energy management systems solutions serving the utility and commercial and industrial (C&I) building markets, today announced that the Company will be an exhibitor at the Hawaii Buildings Facilities and Property Management Expo in Honolulu, Hawaii.

Alexander & Baldwin to Present at Sidoti & Company's 19th Annual Emerging Growth Research Institutional Investor Forum

03/09/2015 Alexander & Baldwin will provide access to the presentation slides on the investor relations page of its website at beginning at 8:00 a.m. Eastern Time on March 16, 2015. Alexander & Baldwin, Inc. is a Hawaii-based public company, with interests in real estate development, commercial real estate, agriculture, materials and infrastructure construction. With ownership of ...

Jeff Surnow, founder and owner of Surnow Co., killed in Hawaii vehicle-bicycle crash

03/08/2015 Kirk Pinho - The founder and owner of Birmingham-based real estate firm Surnow Co. died in Hawaii on Sunday. Jeffrey Surnow, 63, was struck by an on-duty police officer while riding his bike in South Kohala, according to a press release from the South Kohala Police Department. The crash was reported around 6:25 a.m. yesterday, and Surnow was pronounced dead at North Kohala Community Hospital at ...

GGP to Sell 25% Stake in Honolulu Asset to AustralianSuper - Analyst Blog

03/03/2015 General Growth Properties (GGP) would reap around $907 million from the sale of 25% stake in Ala Moana Center at Honolulu, Hawaii to AustralianSuper.

West Bloomfield man dies in bicycle crash in Hawaii

03/03/2015 A real estate developer from West Bloomfield has died in a crash while riding a bicycle in Hawaii.

Fire crews trying to locate source of smoke at Webster Hall

02/19/2015 Fire officials are investigating the source of smoke that was coming out of Webster Hall at the University of Hawaii at Manoa.

Oahu's condo market heats up with affordable prices

02/18/2015 Hawaii's real estate market remains red hot. If you're priced out of the home buying game, condos may be a better route with a median price of $361,000. So KITV4 decided to shop around to see what that really buys? 

Concierge Auctions Produces Record Price In Waiki'i Ranch On Hawaii's Big Island

01/19/2015 WAIMEA, Hawaii, Jan. 19, 2015 /PRNewswire/ -- Thursday's auction of Hale Mehana was another for the Concierge Auctions record books. The New York-based luxury real estate auction firm placed the Hawaii ranch under contract following a live auction with eight bidders in cooperation with listing agent Ed Rapoza of Island Resort Property. The buyer is a past client of Concierge's and previously ...

Couple involved in mortgage fraud sentenced to federal prison

02/09/2015 SAN DIEGO (CNS) - A real estate investor and his wife, a Wells Fargo bank employee, were each sentenced to federal prison Monday for participating in a mortgage fraud conspiracy involving dozens of properties in Colorado and Hawaii.

Hawaii ranks 6th in nation for green buildings

02/05/2015 HONOLULU (AP) Hawaii is ranked sixth in the nation for sustainable building design. That's according to the U.S. Green Building Council's annual ranking of top 10 states released Wednesday. Illinois ranked No. 1.

Peter Savio aims to make home ownership more affordable

02/02/2015 Peter Savio has been purchasing and selling real estate in Hawaii for over 50 years. He made his first purchase when he was only 15 years old, going in on a Waikiki property with his sister. The purchase price was $15,200, and he and his sister put down $1,500 each to secure the loan. He saved that money by doing odd jobs like cutting grass, digging holes for swimming pools, anything to earn ...

Hawaii ranks #1 in homeless population among states

01/21/2015 Hawaii is #1 when it comes to the homeless population in each state, according to the Movoto real estate blog. The blog featured an interactive map that shows which states have the most amount of homeless per 100,000 population. According to Movoto, Hawaii has 487 homeless people per 100,000 residents, which tops the list  Mississippi has the least homeless with 74 homeless people per 100,000 ...

West Hawaii lawmakers look at numerous issues

01/21/2015 Marijuana dispensaries, an aquarium fishing ban, reforming the public hospital system, reapportionment, land use and hunting laws and creating pesticide buffer zones are among West Hawaii state legislators’ list of priorities. Capital improvement projects such as the Kona judiciary complex, updating Kona International Airport, the Hawaii Community College — Palamanui, North Hawaii irrigation ...

Obama at ease, if not at home, in native Hawaii

01/04/2015 Amid growing public opposition, the Honolulu City Council recently dropped a proposal to rename a popular beach in honor of former patron President Obama. Last year, Hawaii’s legislature adjourned without acting on a bill that would designate the president’s birthday as a state...

Hawaii waits to learn its role in President Obama's legacy

01/04/2015 Amid growing public opposition, the Honolulu City Council recently dropped a proposal to rename a popular beach in honor of former patron President Obama. Last year, Hawaii’s legislature adjourned without acting on a bill that would designate the president’s birthday as a state...

Properties in the sun

01/02/2015 From a contemporary Australian house overlooking Sydney harbour and opera house to an estate in Hawaii’s Kealia hills. The post Properties in the sun was first published on MoneyWeek .

Nature Conservancy purchases strategic Hawaii Island property

12/30/2014 The Nature Conservancy has purchased a 222-acre property at the southern end of Hawaii Island.

Scholarships will go to three Maui County students

12/17/2014 Josh Jerman of Hawaii Life Real Estate Brokers is again offering the Josh Jerman Maui Nui Scholarship to encourage college-bound students to use their educations to benefit Maui County.

Houses go cheap where lava is hot

11/25/2014 While lava flows on Hawaii island have certainly put a dent into home sales, the market hasn't completely collapsed in the lower Puna district.

Hawaii Life promotes Julie Keller to Hilo broker-in-charge

11/24/2014 Hawaii Life Real Estate Brokers announce the promotion of Julie Keller to broker-in-charge of the Hilo office at 500 Kalanianaole Ave. in Keaukaha.

Rumormongering: Obama Family's Vacation Rental in Hawaii Asks $10.5M

11/07/2014 Every winter, over Christmas vacation, the Obama family rents a house in Kailua, Hawaii, an idyllic beach town that President Obama used to visit as a boy growing up in Honolulu. Over the last six years of his presidency,...

NFL Legend Terry Bradshaw Is Selling His Oklahoma Ranch For $10 Million

11/10/2014 Retired NFL legend Terry Bradhsaw has listed his ranch in Oklahoma for $9.95 million. The 750-acre Circle 12 Ranch is listed with Bernard Uechtritz and Angie Nelson of Briggs Freeman Sotheby’s International Realty in Dallas . Uechritz told Business Insider that Bradshaw originally listed the property in 2012 with local real estate companies, but after buying a properties in Hawaii and Texas ...

Kauai real estate agents oppose cesspool proposals

09/30/2014 LIHUE, Hawaii (AP) — Kauai real estate agents are opposing proposed new statewide rules for the regulation of cesspools. The state Department of Health wants to prohibit the installation of new cesspools.

Hawaii Association of Realtors announces new officers

09/29/2014 The Hawaii Association of Realtors recently announced its officers for 2015.

Briefs: Metric Holdings, American Homes

09/26/2014 Tarzana real estate firm buys Hawaiian industrial park. American Homes completes offering.

Kareem Abdul-Jabbar's Hawaiian Oasis Hits Market

09/15/2014 Basketball star Kareem Abdul-Jabbar’s custom, lavish oasis in Kauai, Hawaii is for sale, complete with extra-high ceilings and doorways to accommodate the NBA legend’s storied height.