The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 21, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Coastal Rim Properties Buys Hawaii Res Tower Site


In news of an upcoming Hawaii res project, Coastal Rim Properties Inc acquired a prime 0.30-acre (12.8k sf) land parcel in downtown Honolulu, on which the firm intends to develop a brand new, 20-story affordable senior housing tower. The high-rise infill development is within Honolulu’s land-constrained Central Business District.

The property is located at 1192 Alakea St, at the high-profile corner with S. Beretania St. The site currently houses a vacant parking lot. A few recently constructed residential developments neighbor the site, including Pinnacle Honolulu, a 37-story boutique residential condo high-rise built in 2008, and Capitol Place, a 39-story upscale condo tower also developed in 2008.

Steven Sofos with Sofos Realty Corporation represented the seller,, an affiliate of Next Realty LLC . Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group provided advisory services. According to Davis, the property’s flexible BMX-4 zoning provided an instrumental advantage as it allows great optionality.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media