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Hawaii Commercial Real Estate Sales

Purchases of Hawaii commercial real estate “rebounded” in 2021.

Views expressed in this Hawaii State News summary are those of the reporters and correspondents.

Accessed on 18 March 2022, 2025 UTC.

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Locally Owned, Locally Committed Since 1955
Today's Hawaii News
3.18.22
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Purchases of Hawai‘i commercial real estate rebounded in 2021
Resort/golf course sales and vacant land sales each totaled almost a billion dollars, according to a year-end report from Colliers Hawaii. About half of the purchase volume was made by Hawai‘i-based investors. Hawaii Business Magazine.

Hawai‘i Tourism Authority awaits procurement for contract to promote Hawai‘i
The Hawai‘i Tourism Authority contract to supply destination management services and promote Hawai‘i to the U.S. market, the islands’ largest visitor source, is still up in the air at a time when travel spots across the world are competing to tap into rebounding travel demand. Star-Advertiser.

Japanese are eager to visit Hawai‘i: Lifting of restrictions there removes major barrier to travel
With Japan dropping its emergency Covid-19 restrictions next week, visitors from the country could start to return to Hawai‘i as soon as next month. An online survey conducted by Hawai‘i Tourism Japan polled Japanese residents about where they wanted to travel most after the pandemic ends. Of nearly 15,000 responses, 64% said Hawai‘i. Tribune-Herald.

Across Hawai‘i, gas is over $5 a gallon, enticing some to electric vehicles
Car dealers say the price of gas is boosting demand for electric vehicles. The problem is, they can take some time to get a hold of. Cutter Volvo in Waipahu says that all of the electric vehicles that arrive on the lot are bought before they get there. Hawaii News Now. KHON2KITV4.

House sends $25 billion budget proposal to Senate for further consideration
Money from the proposal will go toward environmental conservation efforts, education, criminal justice reform and broadband. Hawaii Public Radio.

Bill to support public high school surf teams advances
The measure would provide a still unspecified dollar amount to the state Department of Education to promote and support surfing as an interscholastic sport in all the state’s high school athletic leagues. Currently, only Maui participates. West Hawaii Today.

Committee passes bill aimed at reducing Hawai‘i’s female prison population
House Bill 2312 proposes to establish the women’s corrections implementation commission in the judiciary. The commission would develop a plan so that women who commit non-violent crimes, especially women with underage children, could participate in a rehab program instead of going to jail. KITV4.

UH updates Covid-19 guidelines, including continued indoor masking in classrooms
Face mask requirements will be relaxed but will still be mandated for certain indoor activities on campus. The new guidelines will remain in effect for at least the remainder of the 2022 spring semester. Big Island Video News. Hawaii News Now. KITV4.

Popular deaf school principal gets his job back
A veteran deaf educator — hired to lead the Hawai‘i School for the Deaf and the Blind in 2016 — was demoted by the area superintendent in 2019 without proper cause. An independent arbitrator found that the Department of Education failed to conduct an investigation into the case. Civil Beat.

Homebuyers who must borrow to buy are badly hurt by rising mortgage rates. For example, an increase of one percentage point can add more than $500 to the monthly payment on a mortgage taken to buy a median-priced home on O‘ahu. | Photo: Getty Images
HAWAII BUSINESS MAGAZINE
Rising Interest Rates Affect Which Homes Local Buyers Bid On
Though mortgage rates remain low by historical standards, every tiny increase means that families qualify for smaller and smaller loans. Mortgage rates are tracked to yields from 10-year Treasury bonds, but any action by the Fed can have a ripple effect on homebuying… read more.
OʻAHU
Bill to extend time for condominium owners to comply with fire safety codes passes
The Honolulu City Council voted to pass a measure that gives condominium owners more time to comply with a law that requires them to install fire sprinklers or pass a safety evaluation. Star-Advertiser. Hawaii Public Radio.

Honolulu City Council eyes HART budget amid proposal to stop short of Ala Moana
The Honolulu City Council gave initial approval Wednesday for next year’s budget for the agency overseeing the rail transit project. But councilmembers raised concerns over the validity of the budget figures in light of the proposal to stop the line at the Civic Center station in Kakaʻako. Hawaii Public Radio.

Federal attorneys file additional counts against former corporation counsel Donna Leong
The first superseding indictment was filed in U.S. District Court on Thursday afternoon, in the case against Leong, former city managing director Roy Amemiya, and former Honolulu Police Commission chair Max Sword. In the documents filed, five counts were added on, specifically against Leong, accusing her of making false statements to the FBI. KITV4.

U.S. Rep. Kai Kahele calls for return of Makua Valley land
U.S. Rep. Kai Kahele has introduced legislation requiring the cleanup, restoration and return of 782 leased acres of O‘ahu’s Makua Military Reservation used for live-fire training from 1942 to 2004 to the state of Hawai‘i. Star-Advertiser. Hawaii News Now. KITV4.

U.S. House approves heritage designation for Ka‘ena Point
Ka‘ena Point, the remote westernmost tip of O‘ahu, could become Hawai‘i’s first National Heritage Area under a bill approved by the U.S. House of Representatives. Star-Advertiser. Maui Now.

Jasper Wong, founder of Pow! Wow! | Photo: Aaron Yoshino
HAWAII BUSINESS MAGAZINE

How Collaboration Creates New Ideas and Projects

Ideas on how the right blend of collaboration, mentorship, infrastructure and information sharing can turn Hawai‘i into a more creative, innovative and prosperous place. “It’s important to look at your network and outside of that to see who would be willing to help… read more.

HAWAIʻI ISLAND
Closures planned for helicopter operations at Kaloko-Honokōhau National Historical Park
The reason for the closures is to provide public safety during the removal of invasive, non-native vegetation using a helicopter. Big Island Now.

Kona restaurant issued yellow placard
Kai Eats and Drinks was inspected after a complaint was made to the Food Safety Branch by a customer who became ill after consuming a salad. West Hawaii Today.

Time: 9:05 A.M. | Location: Queen Emma Summer Palace, Nuʻuanu, Oʻahu | Photo: Aaron Yoshino
HAWAII BUSINESS MAGAZINE
Vintage Mu‘umu‘u “Transcends Generations”

Marion Jones displays vintage dresses from her personal collection at the Mu‘umu‘u Shop and Swap. The event at Queen Emma Summer Palace helped kick off January’s Mu‘umu‘u Month, which celebrates the unique style that “transcends generations,” says Jones..read more.
MAUI COUNTY
Maui condo owners want to tax themselves to save their homes from rising seas
Kahana Bay residents are pressing Maui County officials to authorize their use of a financing tool called a Community Facilities District — to help protect their homes. The money would pay for beach restoration and stabilization. Civil Beat.
KAUAʻI
Native Hawaiian homestead nonprofit buys Kaua‘i affordable rental property
A Native Hawaiian homestead nonprofit recently purchased an affordable rental property on Kaua‘i, advancing a first-of-its-kind project. The nonprofit’s leaders say the initiative is an effort to keep more rentals at affordable rates, particularly during the economic challenges posed by the Covid-19 pandemic. Star-Advertiser.

PETA seeks criminal charges against Wailua slaughterhouse
International animal-welfare organization People for the Ethical Treatment of Animals wants the Kaua‘i county prosecutor to investigate a local slaughterhouse. Garden Island.

Feds: Paco’s Tacos withheld over $62K in overtime, tips
Federal investigators have recovered nearly $63,000 in back wages and liquidated damages for 42 employees of Paco’s Tacos Cantina, a restaurant with four locations on Kaua‘i and one on O‘ahu. Garden Island.

MARCH 2022 ISSUE
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Dive into some of our latest features!
20 for the Next 20: Hawaiʻi’s People to Watch 2022
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Hawaii Entrepreneur Awards 2022
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