Lender for Allure Waikiki may be in trouble

Corus Bank, the Chicago bank that made the $169 Million loan to Chicago developer Fifield Co. to build the Allure Waikiki, may be collapsing under its weight of it defaulting commercial real estate loans.  Corus Bank filed an 8-K filing with the Securities and Exchange Commission (SEC) today that showed a preliminary Tier 1 capital [...]

Lawsuit filed against Trump International Hotel and Tower by condo owners

Following the articles from Pacific business news and our Tips Hawaii article about the condo owners who want “out”, we learned that Attorney Warren Price announced Monday the filing of a lawsuit in Hawaii state court against Irongate AZREP BW LLC, the developer of “Trump International Hotel & Tower at Waikiki Beach Walk”. The suit [...]

Trump International Hotel & Tower Waikiki Beach Walk™ Appoints Hotel Managing Director

Trump International Hotel & Tower Waikiki Beach Walk™ Appoints Hotel Managing Director Scott Ingwers Comes to Trump Waikiki From The Fairmont Kea Lani, Maui HONOLULU | Scott Ingwers has been named as Managing Director of Trump International Hotel & Tower Waikiki Beach Walk™, which is scheduled to open later this year in the Waikiki Beach [...]

Hawaii Real estate resale statistics for April 2009

The Honolulu Board of REALTORS® released Hawaii real estate resale figures today for the month of April. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

April 2009 Residential Real estate Resales Statistics [...]

Prevention Magazine says Hawaii is the 8th best walking city in U.S.

Source:  Pacific Business News
Not only do we have year round weather to accommodate walking at virtually anytime, we do have areas that are very pedestrian friendly.  Fortunately we have many people of all ages and walks of life that walk for health and you can see them predominantly in the morning and evening around areas [...]

Mauna Kea Beach hotel to hold grand opening

Oahu home sales rebound in March

Source:  Pacific Business News
Oahu home sales began to come back in March, while prices nudged back up from lower points in January and February.
There were 188 single-family homes sold on Oahu in March, up from 122 sales and 129 sales, respectively, during the first two months of 2009, according to the Honolulu Board of Realtors.
However, [...]

Honolulu housing resale statistics for march 2009

The Honolulu Board of REALTORS® released resale figures today for the month of March. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

March 2009 Residential Resales Statistics [...]

$1.1 million awarded to test wave power off of Oahu

Source:  Pacific Business News
We are so glad to see that more is being done to take advantage of our local resources to produce power.  I believe that this a renewal of an ongoing contract for testing.  If this is the case it has been ongoing for several years in Kaneohe Bay with great success.
A New [...]

New French-Italian lunch restaurant opens in downtown Honolulu

Source:  Pacific Business News
We are always in the mood for a new restaurant, so we are excited about this opening even if it only serves lunch at this time.  But, we can hope for more.
Bruno Iezzi, a Honolulu restaurateur originally from Italy, has opened a lunch spot in the space formerly occupied by Jamba Juice [...]