Honolulu — GGP has signed leases with five new tenants at Ala Moana Center, a 2.4 million-square-foot open-air center located in Honolulu. L&L Hawaiian Barbecue and Supreme Dumplings are scheduled to open in May, and Molly Tea will debut in July. Additional tenants that have recently opened at the center include Always A.Line, Columbia Sportswear, Eyeland Hawai’i, Space 62 and Tandoori Express. Meanwhile, multiple retailers at Ala Moana Center have also relocated to larger spaces or renovated their stores, such as Aesop, Ben Bridge Jeweler, Evo Gadgets, Hollister, Laine Honolulu, L’Occitane, …
Waimae, Hawaii — Los Angeles-based BH Properties has acquired The Shops at Mauna Lani, a 75,000-square-foot open-air center located along the Kohala Coast in Hawaii. Terms of the transaction were not disclosed. Anchored by a Tommy Bahama Restaurant & Bar, The Shops at Mauna Lani features a mix of additional tenants including Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations, a Foodland Farms grocery store, as well as local retailers, art galleries and wellness operators. The 6-acre center serves as the primary retail and dining destination for the surrounding …
Honolulu — A joint venture formed by locally based MW Group Ltd. and funds affiliated with Blackstone Real Estate and DivcoWest has entered into a definite merger agreement with Alexander & Baldwin Inc., a Honolulu-based owner-operator of shopping centers and other commercial real estate properties. The deal is valued at $2.3 billion, inclusive of outstanding debt, and would take Alexander & Baldwin private. The joint venture plans to acquire all outstanding shares of Alexander & Baldwin for $21.20 per share in an all-cash transaction. The company’s stock price closed last week …
Aiea, Hawaii — JLL has signed leases with six new tenants at Aiea Shopping Center, a three-story, 104,500-square-foot neighborhood center in Aiea, roughly eight miles northwest of downtown Honolulu. C&S Bodywork MedSpa opened an 890-square-foot location in September, while retail concept Go Go Mix opened a 570-square-foot venue this month. Totoya will open its restaurant in the first quarter of 2026 and Waxing the City will follow with its store opening in summer 2026. Pho 97 One is scheduled to open its new location in winter 2026. Additionally, Machete’s Mean Sandwiches …
Nānākuli, Hawaii — CBRE has facilitated the sale of Pacific Shopping Mall, a 79,000-square-foot shopping center located in Nānākuli, roughly 30 miles northwest of Honolulu. Built in 1975, the center is situated on six acres near the Ko Olina master-planned development and Disney’s Aulani Resort. Foodland’s Sack N Save anchors the property, which was 90 percent leased at the time of sale. Additional tenants include O’Reilly Auto Parts, McDonalds, HELE Gas 2 Go, Subway, ColorTyme Rent-To-Own, USPS, Napa Auto Parts and the Waianae Coast Comprehensive Health Center. Nicholas Paulic and AJ Cordero of …
Honolulu — Ala Moana Center, a 2.4-million-square-foot shopping center located in Honolulu, has announced the expansion of 10 new tenants this year. A mix of restaurant and retail businesses — Amaterasu; Coconut Ave; Baskin Robbins; Eve Ala Moana; fanfancy+; Lovisa; NOHO HOME; Skinceuticals Skin Lab; and ZEGNA — have already opened at the property. Dave & Buster’s, the final tenant to join the roster, is scheduled to open in mid-April. Brookfield Properties of Chicago owns and operates the center. Ala Moana Center is anchored by Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s …
Waikoloa, Hawaii — Pacific Retail Capital Partners (PRCP), with joint venture partners Starwood Property Trust and Taconic Capital Advisors, has acquired Kings’ Shops, a 70,000-square-foot retail property in Waikoloa on the Big Island. Tenants at the property include Tiffany & Co., Tommy Bahama, Tori Richard, Roy’s Waikoloa Bar & Grill, Foster’s Kitchen and A-Bay’s Island Grill. The buyers plan to make capital improvements at the center. This marks the second Hawaii property for PRCP, which also manages Queen Ka’ahumanu Center in Maui.
Maui, Hawaii — Pacific Retail Capital Partners (PRCP) has received approval from the Maui County Council for its rezoning application for Queen Ka’ahumanu Center, which was submitted on behalf of the property ownership. PRCP is the property manager for the shopping center, which totals 570,000 square feet of gross leasable space. PRCP submitted the rezoning application in conjunction with LNR, the CMBS special service for the ownership. The undisclosed owners plan to transform the property into a mixed-use development.
Honolulu — Three new retail tenants have signed leases at Ala Moana Center, a 2.4 million-square-foot shopping center located in Honolulu. Footwear and apparel concept HOKA and watch retailer Panerai are both scheduled to open at the propery in May, with Cat Café Moff opening in June. Other recent tenant openings at the center include Canada Goose, Body Balance, KaiAloha Supply, Ringer Hut, Sugar Factory American Brasserie and Sweet As. Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s and Target anchor the property, which was originally developed in 1959.
Austin, Texas — Cushman & Wakefield has arranged $100 million in refinancing for a portfolio of grocery-anchored retail centers on behalf of the borrower, Austin-based Epic Real Estate Partners. Totaling 625,000 square feet, the portfolio includes Eagan Towne Center in Eagan, Minnesota; Ventana Village in Tucson, Arizona; Preston Trail Village in Dallas; Kauai Village in Kapa’a, Hawaii; and Cobbler Crossing in Elgin, Illinois. The properties, which were 93.2 percent leased at the time of sale, are anchored by Cub Foods, Kroger, Bashas, Safeway and Jewel Osco. Beth Lambert, Chase Johnson, Caleb …
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