Council panel supports $619M tower in Moiliili

Courtesy Photo Kuilei Place, a proposed 43-story, $619 million residential tower complex in Moiliili, would house 1,005 moderately priced condominiums. Shown is a rendering of the pool cabana area. By Ian Bauer
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OAHU, HAWAII: O’ahu Home Sales Cool in 2022 Amid Rising Mortgage Rates.Executive Summary December 2022 Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median cond
Read More Ulana Ward Village breaks ground in Kaka'ako

WARD VILLAGE, KAKAAKO This past Tuesday, The Howard Hughes Corp broke ground on it's 9th tower in Kaka'ako named Ulana Ward Village. All 697 units are being offered as "Reserved Housing" sometimes referred to as workforce housing. Aside from the few remaining studios, all of the 1, 2, & 3 bedroom un
Read MorePrice reductions increase amid sluggish O'ahu home sales

OAHU, HAWAII: Price Reductions Increase Amid Sluggish O‘ahu Home Sales Median sales price for condos drops 4% year-over-year to $480,000 O‘ahu’s single-family home and condo markets experienced a significant year-over-year decline in sales, falling 48.2% and 43.4%, respectively. The median sales pri
Read MoreONE Pacific Realty forms Hawaii's first New Projects Specialists team

The recent proliferation of new development projects on Oahu, has many Buyers seeking information about upcoming projects prior to the public announcement. With the perpetual housing shortage, more and more eager hopefuls are looking towards new construction. The process from application to lottery,
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Thank you to all of our wonderful clients, friends, family & Agents (our ONE family)! There's always something to be thankful for. From our ohana to your, Happy Thanksgiving!
Read More O‘ahu Home Sales Drift Downward Amid Dampened Buyer Activity

OAHU, HAWAII: O‘ahu Home Sales Drift Downward Amid Dampened Buyer Activity. Properties are spending longer on the market, marking a median of 19 days.Buyer activity continues to slow with closed sales of single-family homes dropping 41.7% and condos falling 28.8%. Median sales price growth has also
Read More2022 ONE Pacific Realty's Aloha Aina 'Award Nominees

We are pleased to Congratulate the following ONE Pacific Realty's REALTORS® on their 2022 Aloha 'Aina REALTOR® Awards nomination! ED CHONG OLIVIA YOON The Aloha 'Aina REALTOR® Awards Program, which began in 1998, honors and publicly recognizes REALTORS® who excel in the real estate professio
Read MoreState to subsidize mid-priced rental housing projects

A 434-unit apartment tower, dubbed Pohukaina Commons, is one of 11 proposed projects seeking special state financing under a new program established by the Legislature aimed at producing moderate-priced rental housing. Developer Highridge Costa plans to build Pohukaina Commons on state land in Kak
Read MoreGround breaks on The Park Ward Village

By Stephanie Salmons – Reporter, Pacific Business News Oct 21, 2022 Ward Village — the Howard Hughes Corp.'s 60-acre master planned community located between Downtown Honolulu and Waikiki — broke ground Thursday on The Park Ward Village, the neighborhood's eighth mixed-use residential development.
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RENDERING COURTESY OF KOBAYASHI GROUP LLC, The Kuilei Place high-rise in Moiliili would rival the tallest buildings in Waikiki, Kakaako and downtown By Andrew Gomes agomes@staradvertiser.com A local developer is seeking to build a $619 million residential tower complex in Moiliili where major exempt
Read More Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates

According to resales figures released today by the Honolulu Board of REALTORS®, rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down 11.5%, while con
Read MoreHonolulu firm to develop new condo project along Kapiolani Boulevard

By Duane Shimogawa HONOLULU (KITV4) -- A Honolulu real estate firm is expected to discuss its proposed residential condominium project along Kapiolani Boulevard next week. Kaipuu Investors LLC, the owner of the property, which has ties to Black Sand Capital and Kobayashi Group, is scheduled to prese
Read MoreSales gallery for Kalae in Ward Village to open Oct. 1

By Stephanie Salmons – Reporter, Pacific Business News Sep 29, 2022 The sales gallery for Kalae — the 10th residential tower approved for development in Ward Village, new renderings for which have recently been released — will open Saturday, Oct. 1. Developed by the Howard Hughes Corp., Ward Vil
Read MoreRedevelopment of Aloha Stadium to face further delays with Gov. Ige’s new direction, officials say

CRAIG T. KOJIMA/ FEB. 21 Two officials behind the state’s long-running effort to redevelop Aloha Stadium today questioned Gov. David Ige’s recent decision to move in a new direction with the project. Two officials behind the state’s long-running effort to redevelop Aloha Stadium pushed back today
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HONOLULU – The Hale Kalele/Hale Hilinaʻi complex – a project that blends an environmentally conscious 200-unit, all-affordable rental tower with a juvenile services facility -- has been honored by the American Planning Association Hawaii Chapter with its 2021 Best Practice Award. The $91 million Hal
Read More Waikiki apartment building condemned

CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM The city spent about three years trying to acquire 1615 Ala Wai Blvd. from the owners. After failed negotiations, Mayor Rick Blangiardi signed a resolution Oct. 12 to acquire the property through condemnation. CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM
Read MoreDon't Miss The Home Exemption Deadline of September 30th

HOME EXEMPTION Beginning tax year 2020-2021, the home exemption will be $100,000 for homeowners under the age of 65 as well as for homeowners who do not have their birthdate on file. This means that $100,000 is deducted from the assessed value of the property and the homeowner is taxed on the balan
Read MoreHonolulu Country Club sells to undisclosed buyer

By Stephanie Salmons – Reporter, Pacific Business News Sep 8, 2022 The Honolulu Country Club has been sold for an undisclosed sum, officials announced Thursday. Coldwell Banker Realty independent agents Jordan Chow, a CCIM commercial broker, and Darrin Araki, a CCIM commercial investment agent, re
Read MoreSales of O'ahu Homes Return to Pre-Pandemic Levels

HONOLULU – According to resales figures released today by the Honolulu Board of REALTORS®, more than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average closed sales per month for single-family homes and above average for condos. Median sales pr
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