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+--- Thread: Puna Kai for sale (/showthread.php?tid=22992)
RE: Puna Kai for sale - kalakoa - 03-12-2023
Safeway was paying the lease on that empty space
Typically a supermarket will maintain control of the space to prevent a different supermarket from moving in where it might compete. Any other use is fine, such as a craft store or farm supply or County offices.
RE: Puna Kai for sale - AaronS - 03-13-2023
The HHL property Target and Safeway sits on had a lease condition that prohibited all home improvement/lumber business from building a store on this property. This condition was imposed because there is Home Depot store across street.
RE: Puna Kai for sale - terracore - 03-23-2023
Apparently, it's not for sale:
https://www.hawaiitribune-herald.com/2023/03/22/hawaii-news/puna-kai-briefly-up-for-sale-with-an-asking-price-of-68m/
"The Puna Kai Shopping Center is not for sale, claims its developer, despite the property appearing in an online real estate listing."
Unfortunately, the rest of the information is behind a pay wall.
RE: Puna Kai for sale - HereOnThePrimalEdge - 03-23-2023
terracore,
Here's a little more info:
Both the center's owner and a real estate agent on Tuesday said that the property is not for sale, although they briefly offered conflicting statements.
Puna Kai's developer Gary Pinkston, president of Meridian Pacific Ltd., an investment and development company with offices in Honolulu and San Francisco told the Tribune-Herald on Tuesday that he had no plans to sell the shopping center, and claimed to be unaware of the listing.
"If I ever decide to sell, I'll give you a call" Pinkston said.
But IPA Executive Director Patrick Toomey briefly contradicted Pinkston, telling the Tribune-Herald that the shopping center was indeed for sale.
Upon being told of the discrepancy, Toomey was surprised, and placed a call to Pinkston, after which he reiterated that Pinkston intends to sell the property, but wanted to avoid too much local coverage.
But after another conversation with Pinkston, Toomey said the listing would be removed.
He doesn't intend to sell right now Toomey said. There are no investors ready to buy.
RE: Puna Kai for sale - Space Karen - 03-23-2023
His house was definitely not for sale. But someone listed his home for sale on a website called For Sale By Owner — FSBO.com — which has a partnership with Redfin. That meant his home ended up listed as “for sale” on their site at that drastically low price.
What happened to his home is part of a much larger scheme where a hacker takes over someone’s Airbnb account, uses it to book a vacation rental but lists it for sale by owner in an effort to show the house to potential buyers, steal their earnest money and then vanish.
“What I’m most concerned about is how easy FSBO.com was able to have somebody list it because that was the crux of the issue. Redfin was just the amplification of that,” the homeowner said. “As I was reaching out to FSBO.com and talking to the support rep, telling them, ‘Hey, this scam has occurred, how has this happened? Can you track them? Do you have an IP address?’ And he kind of chuckled, and said, ‘You know, this happens all the time. I’ve got a news article for you from the East Coast. Sorry to hear it’s now here in the West Coast.'”
https://www.msn.com/en-us/travel/news/dad-to-homeowner-son-someone-selling-your-house-for-half-price/ar-AA18XHh2
RE: Puna Kai for sale - terracore - 03-23-2023
(03-23-2023, 08:37 PM)HereOnThePrimalEdge Wrote: terracore,
Here's a little more info:
Both the center's owner and a real estate agent on Tuesday said that the property is not for sale, although they briefly offered conflicting statements.
Puna Kai's developer Gary Pinkston, president of Meridian Pacific Ltd., an investment and development company with offices in Honolulu and San Francisco told the Tribune-Herald on Tuesday that he had no plans to sell the shopping center, and claimed to be unaware of the listing.
"If I ever decide to sell, I'll give you a call" Pinkston said.
But IPA Executive Director Patrick Toomey briefly contradicted Pinkston, telling the Tribune-Herald that the shopping center was indeed for sale.
Upon being told of the discrepancy, Toomey was surprised, and placed a call to Pinkston, after which he reiterated that Pinkston intends to sell the property, but wanted to avoid too much local coverage.
But after another conversation with Pinkston, Toomey said the listing would be removed.
He doesn't intend to sell right now Toomey said. There are no investors ready to buy.
Thanks for posting. Sounds like he wants to sell it for a profit but doesn't want to scare tenants away from their Waikoloa development. They come in acting like a neighbor that's going to promote them for the long haul, but as soon as it's 100% rented try to sell it.
RE: Puna Kai for sale - HereOnThePrimalEdge - 03-23-2023
doesn't want to scare tenants away from their Waikoloa development.
I'd say that's a pretty fair assessment. I'm not a betting man, but I'd even put a little cash money down that that's the case.
RE: Puna Kai for sale - kalakoa - 04-26-2023
https://www.hawaiitribune-herald.com/2023/04/26/hawaii-news/puna-kai-shopping-center-listed-again-for-sale/
The real estate website Revere currently features a listing for the 9.9-acre property. The listing, evidently posted by national real estate firm Institutional Property Advisors, asks for $62 million for the shopping center.
RE: Puna Kai for sale - HereOnThePrimalEdge - 04-26-2023
Unofficial Punaweb poll.
What happens first, Puna Kai is sold or Popeye’s opens? Or will road crews keep the roundabout blocked so neither matters?
RE: Puna Kai for sale - randomq - 04-27-2023
I predict there will be at least one more listening session before either happens. I also predict no one will actually listen.