Transactions - NOVEMBER 2, 2016

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Honolulu approves $700m mixed-use tower

by Andrea Waitrovich

The Honolulu City Council has approved the construction of Manaolana Place, a $700 million mixed-use high-rise that will be Hawaii’s first transit-oriented development.

Los Angeles–based Salem Partners will develop the 36-story mixed-use tower in Honolulu. Manaolana Place will be the first project in the city’s newly adopted Ala Moana transit-oriented district. The tower will feature 505,000 square feet that will house a 125-room ultra-luxury hotel, 109 condominiums, approximately 12,500 square feet of retail and dining, and a large public plaza and gardens.

Construction is expected to start in 2017, with completion set for 2020.

In another multimillion-dollar project under way in Hawaii, China Oceanwide Holdings has acquired 514 acres of undeveloped land for residential development in Kapol

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