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Strong Demand For The Ritz-Carton Residences, Waikiki Beach

80 Percent of the Waikiki project’s luxury residences now sold

HONOLULU – The Ritz-Carlton Residences, Waikiki Beach affirmed its status as one of Hawaii’s most sought-after luxury residential addresses with buyers snapping up the majority of the East Tower residences last week at the opening sales events, held simultaneously in Tokyo and Waikiki.

The outpouring of early interest in the East Tower, only months after the West Tower residences sold out, indicates a healthy demand for luxury real estate in Waikiki as 80 percent of the project’s residences are now sold to buyers primarily from the United States, Japan and other parts of Asia.

“We are very pleased with the grand opening sales success, which we attribute to both Waikiki’s reputation as an exciting international urban resort destination and the strength of The Ritz-Carlton brand,” said Casey Federman, PACREP LLC’s authorized representative.

Prudential Locations Welcomes New Partners Kuroda and Presler

Prudential Locations Welcomes New Partners Kuroda and Presler

Prudential Locations, Hawaii’s largest locally owned and operated real estate company, announced the promotion of Sherrie Kuroda (R) and Tom Presler (R) as the firm’s newest partners.

 

“Both Sherrie and Tom are skilled REALTORS® that bring unique perspectives and attributes to our team,” said Scott Higashi, executive vice president of sales at Prudential Locations. “We’re confident that their new role as partner will help build an even stronger future for Prudential Locations.”

 

Spike in Luxury Home Market Sales on Oahu in May

Spike in Luxury Home Market Sales on Oahu in May

HONOLULU – Oahu home and condominium sales saw a significant spike in the luxury market in May, with the strongest movement in the $1 to $2 million range, according to Coldwell Banker Pacific Properties (CBP), Hawaii’s leading residential real estate firm and a specialist in high-end real estate sales.

 

The figures are based on Multiple Listing Service (MLS) data of all single-family homes and condominiums sold for more than $1 million in May 2014 on Oahu.

 

Oahu saw 84 luxury sales close last month. Oahu’s housing market is on an upward trend compared to the average number of homes sold in January through April 2014 (56 homes sales per month) and 62 home sales in May 2013.

 

Prudential Locations Recognizes Top Agent Award Winners for April 2014

Prudential Locations Recognizes Top Agent Award Winners for April 2014

Prudential Locations, Hawaii’s largest locally owned and operated real estate company, announced today the winners of Prudential Locations’ Top Agent Awards for April 2014. Prudential Locations’ awards are presented on a monthly basis to celebrate agents’ outstanding performance in a variety of categories. Prudential Locations is pleased to announce the following winners:

 

  • “Listor of the Month” was received by Charmaine Quilit-Poki (R) of the Diamond Head office. Quilit-Poki also received the award for Sales Person of the Month in March 2014 and November and July of 2013, and Listor of the Month in February 2013. In 2012, she was named Newcomer of the Month in March and November and Sales Person of the Month in September and November. She was named first runner-up for Sales Person of the Month in October 2011.

 

AFFILIATES OF WALTON STREET CAPITAL AND AVALON PURCHASE SECOND INDUSTRIAL PROPERTY IN KAPOLEI

123-acre Kapolei Business Park West (formerly known as West Kalaeloa Business Park)

Prudential Locations Recognizes Top Agent Award Winners for March 2014

Prudential Locations Recognizes Top Agent Award Winners for March 2014

Prudential Locations, Hawaii’s largest locally owned and operated real estate company, announced today the winners of Prudential Locations’ Top Agent Awards for March 2014. Prudential Locations’ awards are presented on a monthly basis to celebrate agents’ outstanding performance in a variety of categories. Prudential Locations is pleased to announce the following winners:

 

Avalon development co. Purchases industrial park in Kapolei; 17 fee-simple lots to go on sale

Kapolei Business Park, Phase 2, Will Offer Much-Needed Industrial Space on Oahu

HONOLULU – Avalon Development Company LLC announced that it has closed on the purchase of the long-awaited Kapolei Business Park, Phase 2, and that 17 fee-simple industrial properties will be available for presale by this summer.

“The Kapolei Business Park, Phase 2, is a 54-acre subdivision that will be developed adjacent to the existing Kapolei Business Park, Phase 1, on Kalaeloa Boulevard,” said Christine Camp, Avalon president and CEO. “This is a rare opportunity for businesses to purchase fee-simple industrial property on Oahu.”

There has been intense demand for industrial space for the past few years, according to Guy Kidder, vice president of Colliers International, real estate broker for both the Avalon purchase and the future sale of lots to individual businesses.