Iolani buys property for future expansion

Tuesday, June 30, 2009, 2:41pm HAST
Iolani buys property for future expansion
Pacific Business News (Honolulu) - by Randi Petrello
"Iolani School bought 5.5 acres of property next to its Honolulu campus for $23 million..."

Iolani School buys 5.5-acre parcel adjacent to campus for $23 million

"Iolani School announced today that it has purchased 5.5 acres of land adjacent to its campus for $23 million..." by Advertiser Staff 6/30/09

Recent Leasehold News...

Judge lets ranch oust leaseholders

Honolulu Star-Bulletin By Nina Wu 1/19/08

"A Circuit Court judge ruled yesterday in favor of Kaneohe Ranch Co. in its battle against lessees at the Kailuan cooperative, meaning more than a dozen people will be evicted by Feb. 15..."


Kailuan eviction hearing slated for tomorrow

Honolulu Star-Bulletin By Allison Schaefers 1/15/08

"A Circuit Court judge could decide tomorrow whether former leaseholders at the Kailuan cooperative, whose lease expired on Dec. 31, have enough arguments to halt eviction proceedings or pursue their own case against landowner Kaneohe Ranch..."


Court revives lease-to-fee efforts of 36 condo owners

Advertiser By Andrew Gomes 1/15/08

"A federal appellate court yesterday reinstated a lawsuit that may allow 36 current or former owner-occupants in Waikiki's Discovery Bay condominium to buy the fee in their leasehold units or collect damages from the city..."

A Report to Improve Awareness of Predatory Lending...

Book Excerpt: Continuing Education
3 Signs of Predatory Lending
BY MARIE SPODEK, GRI, AND JEROME MAYNE

"By definition, greater upfront costs and continuing higher interest payments are some of the differences between prime lending and subprime lending. While providing opportunities to build equity through homeownership, subprime lending does cost more..." <-Read full report.

Bush bill...

Bush signs bill to aid homeowners facing foreclosure
Associated Press/The Honolulu Advertiser

"WASHINGTON — President Bush on Thursday signed a measure to provide financial relief for financially strapped homeowners facing foreclosure or in bankruptcy..." <-Read full story.

Hawaii's Foreclosure Ranking...

Hawaii foreclosures rank 44th in country
Pacific Business News (Honolulu)

"Hawaii had 113 foreclosure filings in November, an increase of 53 percent over the 74 filings in November 2006..." <- Read full story.

Hawaii's Foreclosure Ranking...

Hawaii improves its home-foreclosure ranking
By Andrew Gomes
Advertiser Staff Writer

"Hawai'i improved one spot on a national home-foreclosure ranking in November, though foreclosure activity was still higher than it was in the same month last year..." <-Read full story.

Oahu's Leasehold Home Properties in the Spotlight...

Leasehold owners face tough decision
CINDY ELLEN RUSSELL Honolulu Star-Bulletin

"Leasehold owners are wrestling with what to do with their properties as expiration dates on their homes draw near..." <-Read Full Story

I have personally been involved in many transactions on several of the properties on the list of leasehold properties due to expire soon. Only time will tell what the out come will be. -Rick

12/18/07 Editorial
Let leasehold problem die a market-force death
Honolulu Star-Bulletin Editorial Opinion
"THE ISSUE
Leases of about 1,500 condos and apartments are set to expire in the next decade..."