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Ousted Men’s Wearhouse Founder Is Downsizing in Hawaii — to Neil Young’s $20M Pad

March 29, 2016 By Mark G. Howard Leave a Comment

Ousted Men’s Wearhouse Founder Is Downsizing in Hawaii -- to Neil Young’s $20M Pad

Ousted Men’s Wearhouse Founder Is Downsizing in Hawaii — to Neil Young’s $20M Pad

Michelle Huffman
December 9, 2015
You’re gonna like the way you look here. We guarantee it.

Who wouldn’t look good in a 10,000-square-foot mansion right on the Hawaiian coast?

Former Men’s Wearhouse CEO George Zimmer—popularly known for promising in TV spots “You’re gonna like the way you look; I guarantee it”—has listed the property at $35 million, the Los Angeles Times reports. The 7.5 acres comprise 10 parcels on the northwestern edge of the Big Island.

The men’s clothing magnate is downsizing as only the wealthy can: He’s moving to the 2-plus-acre, 3,000-square-foot home that Neil Young just sold him for $20 million. It’s just seven miles up the beach.

Zimmer’s property, which neighbors the Mauna Lani Resort, is one of the largest privately owned oceanfront properties on the Kohala Coast, according to the listing.

The mansion was built in 1995 by Hawaiian architect Lucky Bennett, who basically established the “Kona Coast” style: open rooms connected to extensive lanais (the Hawaiian word for porches), maximizing ocean views, plus native woods integrated throughout. It’s sort of midcentury modern with a tropical flair.

The house has seven bedrooms, nine bathrooms, a media room, and a billiard room with wet bar. Outside there’s a pool and spa, plus 1,000 feet of ocean frontage.

Zimmer has been through a rough patch the past couple of years. The Men’s Wearhouse board unceremoniously dumped him as executive chairman in 2013 amid complaints that he “wouldn’t accept anything other than full control” of the company he’d founded in 1973 but taken public in the 1990s.

The ouster of Zimmer, who has amassed quite the fan base over the decades because of his catchphrase, set off a firestorm on social media.

He hasn’t stayed down long, though. He has a new venture called zTailors, a website and app to connect the frumpy with the fixers-of-frump – tailors who make house calls.

And Zimmer’s new home ain’t too shabby, even if it is downsized. It has four bedrooms and six bathrooms, and it sits on a craggy beach with just a little less ocean frontage – about 800 feet.

Maybe that’s just as well. It’s not like salt water is great for suits.

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Filed Under: Blog, Celebrity Properties, Celebrity real estate, Luxury real estate Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Ocean View Honolulu, Penthouse Honolulu

Kailua estate near President Obama’s vacation home is on the market for $28M

February 14, 2016 By Mark G. Howard Leave a Comment

51A sprawling 2.5-acre Hawaii oceanfront estate located near President Barack Obama’s vacation home is on the market for $28 million.

Located at 51 Kaikea Place in Kailua in Windward Oahu, the estate includes three homes, including a main residence, a guest home and a caretaker home, designed by Hawaii architect Fritz Johnson.

The homes were renovated in 2008, containing a total of 7,851 square feet of living area, 4,466 square feet of open lanai area, 1,121 square feet of storage space and 870 square feet of garage/carport areas. All fixtures, furniture and equipment are included in the sale, excluding the paintings.

Scott Eden of Newmark Grubb CBI is representing the owner in the sale. Property records show that “51 Kaikea LLC,” is the owner of the property, with Keiichi Kojima as its manager.

The property, which includes a total of four parcels, has a total assessed value of about $24.3 million, according to tax records. In 2008, the main parcel was purchased by 51 Kaikea LLC for $22 million, with two adjacent parcels purchased for $4 million.

“[The owner] spent $7 million to remodel the property, and to build a caretaker’s house on one of the front parcels,” Eden told PBN in an email, noting that the property was previously listed in January for $38 million.
The sale also includes the two adjacent 10,000-square-foot parcels in front of the main gate that may be used for additional residences.

“Land of this sheer size is becoming increasingly hard to find on Oahu, particularly in such a desirable location,” Eden said.

President Obama and his family arrived in Hawaii this past weekend for their annual family vacation, and the 51 Kaikea Place estate is located less than five minutes away from their vacation compound in Kailua.

Duane Shimogawa
Reporter
Pacific Business News

51a

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Filed Under: Blog, Celebrity Properties, Celebrity real estate, Featured Blog, General Real Estate, Kailua, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Ocean View Honolulu, Penthouse Honolulu, President Barack Obama

Sylvester Stallone’s former Hawaii estate sold to GoPro’s first hire for $5.4M

February 10, 2016 By Mark G. Howard Leave a Comment

Sylvester Stallone's former Hawaii estate sold to GoPro's first hire for $5.4M

Sylvester Stallone’s former Hawaii estate sold to GoPro’s first hire for $5.4M

A Hawaii estate once owned by actor Sylvester Stallone, who is currently starring in the latest “Rocky” series film “Creed,” has been sold to camera maker GoPro Inc.’s first employee, according to public records.

Stallone purchased the four-bedroom, four-bathroom home on the island of Kauai’s North Shore back in 1984 for $1.75 million, and sold it in 1999.

The 3,212-square-foot ” Banana Beach House,” which is located on a 13,801-square-foot parcel in Hanalei, was purchased by Banana House LLC for $5.45 million in a deal that closed in late October. The estate has a total assessed value of about $3.5 million, according to tax records.

Banana House was formed by Neil Dana, a college roommate of GoPro founderNick Woodman, who became the first hire for the publicly-traded company that is based in California.

Banana House’s tax bill address lists an address in Half Moon Bay, California, the initial headquarters of GoPro.

Dana made headlines earlier this year after Woodman stuck to his promise to give him a portion of shares of the company, which is valued at nearly $230 million, according to Bloomberg.

Dana is currently the music director for GoPro.

Woodman himself recently purchased property in Hawaii on the North Shore of the island of Oahu.

Duane Shimogawa
Reporter
Pacific Business News

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Filed Under: Blog, Celebrity Properties, Celebrity real estate, Featured Blog, General Real Estate, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, GoPro founder Nick Woodman, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Neil Dana, Ocean View Honolulu, Penthouse Honolulu, Sylvester Stallone

Zippy’s co-founder’s former Kahala Avenue Honolulu estate sold for $3M

November 9, 2015 By Mark G. Howard Leave a Comment

A Kahala Avenue estate that had some well-known owners throughout the years, including the co-founder of Zippy’s Inc. and Japanese businessman Genshiro Kawamoto, has been sold to an Arizona couple, according to public records.

The couple purchased the home from a subsidiary of Alexander & Baldwin Inc. (NYSE: ALEX) for about $3.1 million.

Located at 4398 Kahala Ave., the 3,144-square-foot five-bedroom, 4.5-bathroom estate was one of the homes purchased by A&B Properties Inc. in 2013 from Japanese businessman Genshiro Kawamoto.

Kawamoto, who bought the home in 2005 from Giorgio Caldarone, an executive with Kamehameha Schools, and Nella Caldarone, for about $2.9 million, became an unpopular neighbor in the posh Honolulu neighborhood after allowing some of his properties to deteriorate.

The home’s former owners include the late Francis Higa, co-founder of Zippy’s, who purchased the home in 1989 for $1.6 million.

Last month, A&B Properties told PBN that it is demolishing an existing home on another Kahala Avenue home that was formerly owned by Kawamoto. A&B said it is removing the existing structure for health and safety reasons, and that it has no plans for the parcel.

A&B Properties recently transferred the ownership of another one of its Kahala Avenue properties it purchased from Kawamoto.

The company said it is exploring potential residential construction on the little more than one-acre oceanfront vacant parcel at 4607 Kahala Ave.

Duane Shimogawa
Reporter
Pacific Business News

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Filed Under: Blog, Celebrity real estate, Featured Blog, Kahala, KAHALA AREA Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, Kahala, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Ocean View Honolulu, Penthouse Honolulu

Actor Chuck Norris buying Kauai North Shore property

April 5, 2015 By Mark G. Howard Leave a Comment

Celebrity martial artist and actor Chuck Norris is buying Kauai North Shore property, a source told PBN this week.

Norris is the latest celebrity to acquire property on the Garden Isle. Others include Facebook founder Mark Zuckerberg and Oakley founder James Jannard.

The source told PBN that Norris, who has starred in several films and television shows, including “Walker, Texas Ranger,” is under contract to buy property at Paradise Island Ranch in Kilauea.

Farther up the North Shore, Jannard is buying several adjacent Hanalei Bay beachfront homes.

In 2012, Jannard’s Kauains LLC purchased a 23,162-square-foot parcel on Weke Road in Hanalei for $13.35 million from Jan Hailey Revocable Trust, near his current purchases. He sold it to Waioli Surf Shack Holdings LLC for $15 million a year later, according to public records.

Waioli Surf Shack Holdings has purchased five properties, a mix of vacant land and parcels with homes on them, for about $50 million.

Waioli Surf Shack Holdings’ C. Frederick Taylor is a partner in the hedge fund TGS Management, which has given almost $2 billion to charity, according to Bloomberg Businessweek.

The median price of homes on Kauai’s North Shore topped $1 million last month, according to data from Hawaii Information Service on behalf of the Kauai Board of Realtors.

In the Hanalei district, where the Princeville resort is located, the median price more than doubled to $1.3 million in February, 132 percent more than the median price of $560,000 in February 2014.

Duane Shimogawa Reporter – Pacific Business News

Filed Under: Blog, Celebrity real estate, Featured Blog, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu Tagged With: Celebrity home Honolulu, Celebrity Homes Honolulu, Luxury Estate Honolulu, Luxury Experiences Honolulu, Luxury Home Honolulu, Luxury Homes Honolulu, Luxury Honolulu, Luxury Living Honolulu, Luxury Mansion Honolulu, luxury real estate Honolulu, Luxury Villa Honolulu, LuxuryHomes Honolulu, LuxuryHomes.com Honolulu, Mansion Honolulu, Million Dollar Estates Honolulu, Million Dollar Home Honolulu, Most expensive Honolulu, Ocean View Honolulu, Penthouse Honolulu

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