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Last week, the Howard Hughes Corp. broke ground on the Central Plaza at Ward Village. It will be a beautiful green space in the middle of the towers where residents and non-residents alike can enjoy outdoor movies, live music, yoga classes and more. Janis Magin writes in Pacific Business News, “The first phase of the plaza is being built with grass and native landscaping on a 1.5-acre space next to the Ward Entertainment Center that until recently was home to warehouse buildings…The park space, which was one of the requirements
Last week, Hawaii News Now reported that airlines are adding over a million seats on flights to Hawaii in the month of May. This means more potential for tourism and growth in the economy. It’s a great indicator that there is a lot more business to come over the summer months and could be profitable for many businesses and industries. They reported that most of the seats will be for neighboring island flights, which continues trends in business that we’ve noticed over the last year. There is a lot of
Earlier this week, it was announced that Jin Air will be partnering with Island Air to offer inner-island connections from Seoul, Korea. This Korean airline will also resume their flights from Honolulu to Seoul five times a week starting May 29th. They paused this route due to maintenance on their Boeing 777 but it will be up and running very soon. We, at The Bratton Team, feel this announcement is a big step forward for Hawaiian-Korean relations especially when it comes to the commercial real estate market. As of now,
Here is the next edition of our monthly recap of Hawaii Commercial Investment Real Estate! Check out our thoughts and let us know if you have any questions or need more information on any of these sales/properties.
Last week, I was quoted in a Pacific Business News article about the former Federal Aviation Administration building on Kalakaua Avenue, which was recently sold to an undisclosed buyer. Myself, Brandon Bera, and Karen Birkett represented the sellers, New York’s Angelo, Gordon & Co. and Hawaii’s Pacific Office Properties Trust Inc, in this recent transaction. The building, which once held the Pacific Business News offices, is a likely candidate for redevelopment because it is located in the Waikiki Special Design District that allows new developments. I believe this property could be redeveloped into a