During this recession, it has seemed that Honolulu has not be hit as hard as other areas. A Pacific Business News article confirms many things I had been assuming.
Gentry Development, Alexander and Baldwin and Kamehameha Schools Bishop Estate (KSBE) have just pulled the plug on developing 12,000 housing units in Waiawa (West Oahu).
“Local developer Gentry Cos. lost its rights to develop Waiawa Ridge, ending the more than 20-year-old project that was expected to produce its first homes next year in the community envisioned with 10,000 to 12,000 homes.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Waiawa is located just west of Pearl City at the junction of the H1 and H2 freeways. Given the magnitude and location of the project here are some of the losers than winners.
November 9th, 2009 categories: Honolulu Vintage Homes
The Honolulu Advertiser is reporting that hotel occupancy rates have improved.
“After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
November 4th, 2009 categories: Honolulu House For Sale, Honolulu Real Estate 101
As a Honolulu Realtor, I am always looking for the right home for the clients that I am working for. In the last week, I saw two Honolulu homes come on the market that might meet the needs of two of my buyers. It is amazing to note that both sold within days of coming in the market! One was located in Nuuanu and the other in Hawaii Kai.
Paul Brewbaker is one of my favorite economists. Since following him beginning in 1991, I have found him to make insightful predictions, many of which I disagree with at first. Paul is quoted in the Pacific Business News as forecasting a turn in the Hawaii economy in 2011. This may mean more of the same bumpy ride in 2010.
Residential Realtor working in Honolulu, Manoa, Kahala, Kaimuk, Nuuanu, Hawaii Kai, Pauoa Valley, Palolo, St. Louis, Moiliili, Kapahulu, Ala Moana, Waikiki, Aina Haina, Niu Valley and Kuliouou
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