Kaneohe Ranch wants to sell off Kailua and Windward Oahu:
http://www.staradvertiser.com/news/brea ... =207939501
Howard Hughes Corp Developing Kakaako with plan to add 4,300 units in 22 high rises:
http://www.staradvertiser.com/news/brea ... =208378791
And now James Campbell Estate wants to sell off West Kapolei:
Surge of immense pressure ($$$) to change Oahu again. I really wonder if the powers that be even wonder themselves about how much this island can sustain? What's the capacity? Take a look at it today and remember that picture because it will be very different in the next 10 years. Think about how it will affect what you like to do in the ocean too.Pacific Business News wrote:There’s a general theme feeding the base of the [James Campbell Co.] family, [being that] there [are] now stakeholders [that are] no longer descendents, [so] there’s a need to produce income,” a source told PBN. “So there is a strong motivation to move assets.”
Add that to a generally “hot” real estate market in Hawaii and that has caused sellers to look to make some money off of their assets.