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Honolulu Prince Hotel Sold |
| HONOLULU, HI -- Kohei Hakamada, International Real Estate Advisor with NAI ChaneyBrooks’ Honolulu office represented the seller, Prince Co., Ltd, based in Japan, who originally bought the Honolulu Prince Hotel on December 30, 1997 for approximately $8.6 Million. The East Coast based buyer, CR Nahua LLC, purchased the leasehold hotel for $7,750,000.00.
It was a particularly complicated transaction because there were unresolved issues that date back to the day when the property was acquired including multiple layers of subleases, perpetual tenant leases and encroachment issues. Through careful and diligent work by Kohei Hakamada and his team of legal advisors and planners, NAI ChaneyBrooks prevailed in keeping the transaction intact until all issues were resolved one by one to the satisfaction of the East Coast based Buyer.
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Kohei Hakamada (S) International Client Services Advisor for NAI ChaneyBrooks Represented the seller of the Honolulu Prince Hotel. |
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A&B Properties Sells Honolulu Property for $45 Million |
Capitalizes on Strong Commercial Market in Urban Core
| HONOLULU – (September XX, 2007) – A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc. (NASDAQ: ALEX), has sold its fee simple interest in a four-acre commercial parcel in Honolulu, close to Ala Moana Shopping Center, for $45.5 million. The buyer and previous ground lease holder, Don Quijote (USA), closed the transaction on September 14, and will continue to operate its U.S. flagship store at the location. A&B Properties CEO Stanley M. Kuriyama said, “Don Quijote’s unsolicited offer allowed us to capture the property’s embedded intrinsic value well ahead of our original schedule. |
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Hawaii partners plan Tokyo luxury retail complex |
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Pacific Business News (Honolulu) 
The International Council of Shopping Centers meets this week in Las Vegas, and a highlight will be a
Japanese retail project with Hawaii involvement.
Japanese developer RECRM Research Co. Ltd. is working with Honolulu-based Chaney Brooks & Co., PacRim Marketing Group Inc., and the Honolulu brand consultancy Bedrock, to sign up American
retailers to open stores in Harajuku District, the most fashionable shopping
area in Tokyo.
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Isle firm ties into Tokyo fashion center |
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Starbulletin - 5/22/2007
By Erika Engle
ChaneyBrooks is
handling U.S.
leasing for a project at a hot Harajuku crossroads
U.S.
retailers looking to strike it rich in Japan's
trendiest, most cutting-edge shopping district will need to make a deal with
ChaneyBrooks Hawaii.
The company, along with partners PacRim Marketing Group Inc.
and Bedrock Branding Hawaii, is in Las
Vegas for the annual International Council of Shopping
Centers convention pitching entrée to the Paradox Project. It is a nine-level,
123,500-square-foot retail center in Tokyo's
Harajuku district.
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ChaneyBrooks Ranked as #1 by PBN |
Pacific Business News has ranked ChaneyBrooks as being the number 1 commercial property management firm in the state of Hawaii.
 2006 Book of Lists (200.59 KB)
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ChaneyBrooks Represents Seller of Waikiki Trade Center |
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The 2006 Book of Lists, published by Pacific Business News listed ChaneyBrooks as taking part in the 6th largest commercial real estate sale of 2006. pbnranking.pdf (403.79 KB)
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