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Owner selling 84 units at Downtown Honolulu’s Executive Centre

March 16, 2015 By Mark G. Howard Leave a Comment

Clifford Laughton, chairman of a venture capital and private equity firm called Hawaii Holdings LLC, is selling 84 units at the Executive Centre mixed-use condominium in Downtown Honolulu for an undisclosed amount.

The sale followes the Executive Centre’s Association of Apartment Owners’ purchase of the fee interest in the 41-story leasehold building from Kamehameha Schools late last year, Frances Okazaki, an executive vice president for CBRE Inc. Hawaii, who is marketing the bulk sale, told PBN.

She said that the association is offering the fee-simple interest to the owners of the condo units, and thus all the buyers of hte 84 units have the option to purchase the fee-simple interest from the AOAO if they want to.

An unidentified owner is selling 84 units at the Executive Centre in Downtown Honolulu

An unidentified owner is selling 84 units at the Executive Centre in Downtown Honolulu

“Our owner would like to sell the units in bulk and in leasehold,” Okazaki said in an email to PBN. “It will be up to the buyer to purchase the fee from the AOAO.”

In 2013, the same owner put units on the market in a bulk sale, which was marketed by Colliers International Hawaii.

Okazaki said that this listing expired a while ago, and that this brand new listing with her firm is with the same owner.

“While these are most of the same units, they are not exactly the same individual units as some are being kept for his [the owner’s] personal use,” she said.

Kamehameha Schools sold its leased-fee interest in the building, which is located at 1088 Bishop St. and contains about 120 hotel units managed by Aston Hotels & Resorts, for about $75 million.

Michael Pang, president and principal broker of Honolulu-based Monarch Properties Inc., which represents the AOAO of Executive Centre, told PBN that the association bought the leased-fee interest because it had the opportunity to do so.

“The owners are in the process of putting in contracts to buy,” he said. “You’ll see more of that going on as the units have become more valuable.”

The buyers of the leased-fee interest also included Hawaii businessman Duane Kurisu, ResortQuest Hawaii, Calvert Chipchase III Trust, Best Buy Hawaii International, Longs Drugs and MB Technologies, according to public records.

The property also includes about 200 residential units, nearly 100 office units, about 10 retail units, including Hukilau Honolulu restaurant, Longs Drugs, a penthouse and a 12-story low-rise containing 33 town homes and a parking structure.

Duane Shimogawa Reporter – Pacific Business News

Filed Under: Blog, Downtown Honolulu, Downtown Honolulu Condos, Featured Blog Tagged With: Executive Center Honolulu, Hawaii Holdings LLC

Luxury High-Rise Living at Capitol Place – 1200 Queen Emma St., Honolulu, HI 96813

August 20, 2012 By idx guys Leave a Comment

About Capitol Place – 1200 Queen Emma Street, Honolulu, HI  96813

Honolulu has long been the urban core of Oahu, drawing people from around the island with its high energy and close proximity to everything. Capitol Place, a distinctive residential building on the edge of the Capitol District provides unique luxury high-rise homes with a lifestyle to match that offers convenience, first-class services and amenities, in a vibrant neighborhood.

It’s convenient city living at the top of Bishop and Alakea Streets with incredible mountain, ocean and town views. Residences are a blend of upscale, contemporary one-, two- and three-bedroom condominium homes with incomparable hospitality services and amenities like that of a luxury hotel or private club.

Wireless connectivity is conveniently made available throughout each residence and all common areas. State-of-the-art Viking appliances adorn the sleek kitchen layout, complemented by beautiful granite countertops.

Here at Capitol Place, you will connect to a new way of life. A new way of doing things. We invite you to be a part of our community. Come by today and experience how the wide range of amenities and services provide residents with a home they love to live in.

Currently Available Capitol Place Units at 1200 Queen Emma, Honolulu, HI  96813

Amenities

It’s nice when you live in a place that has everything. Capitol Place is that place. It has all the state-of-the-art amenities that you want, from entertainment to exercise equipment.

Workout, party, walk the dog, barbeque, listen to music in the soundproof music room, or relax with a movie in the media room without ever having to leave the building. It’s all right here. How’s that for convenient?

  • Swimming pool
  • Jacuzzi
  • Recreation room with kitchenette
  • Yoga/Pilates studio
  • Theater/media room
  • Children’s play area
  • Private outdoor barbeque areas
  • Dog park
  • Fitness center
  • Music room
  • Wired for home network

Luxury Services

At Capitol Place, you will experience a service culture, where residents will enjoy the same dedication to comfort and excellent attention to detail found in many Hawaii hotels.

Residential Specialists will greet you with warm aloha and the following menu of personalized services:

  • 24-Hour Front Desk Residential Specialist
  • Bell Service
  • Car Service (Battery charge cables, flat tire assistance)
  • Club Room
  • Ice chest set up
  • Tea cart delivery
  • Massage Room
  • Set up
  • Movie Theater
  • Room set up
  • DVD/Movie set up
  • Ice chest set up
  • Tea cart delivery
  • Personal Residential Delivery for:
  • Daily newspapers
  • Parcel/small packages/floral arrangements
  • Dry Cleaning – drop off and delivery
  • Taxi and Limo Service Arrangements
  • Terrace Cabana Use Preparation
  • Ice chest set up
  • Gas grill prep and clean up
  • Tea cart delivery to residence
  • Trash and recycling
  • Will Call Service

Currently Available Capitol Place Units at 1200 Queen Emma, Honolulu, HI  96813

Capitol Place Residential Specialists will also be available to provide residents with information regarding the following “fee for service” providers:

  •     Caterers
  •     Cultural Centers – Downtown
  •     Entertainers
  •     Event “Butler” Services
  •     Florists and Lei Shops
  •     Galleries – Downtown
  •     Housekeeping Services
  •     In-Home Dining
  •     Interior Design Services
  •     Moving Companies
  •     Notary Public and Business Services
  •     Personal Shopping Services
  •     Personal Trainers
  •     Pet Care
  •     Restaurants – Downtown
  •     Shoe Repair
  •     Spa and Massage Therapists
  •     Vehicle Detailing and Maintenance

Request more information or a private showing

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This advertisement is not an offering. No offering can be made except pursuant to an effective Preliminary or Final Public Report filed with the State of Hawaii Real Estate Commission. Every detail described, or illustrated or shown is subject to change at any time without notice at the sole discretion of the Developer, including, without limitation, the sales prices, apartment numbers, unit types, components, finishes, dimensions, sizes, designs, floor plans and building heights. All square footages approximate — net living area may vary as to unit location in the building. Units vary. Please refer to the Condominium Public Report for project and unit specifications for a particular apartment.

Filed Under: Downtown Honolulu Condos, Luxury Condos for sale, Oahu condos for sale Tagged With: luxury condos

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© 2014 - Hawaii Americana Realty. All Rights Reserved. Hawaii Americana Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Subject to change without notice. While the information on this site is deemed to be accurate, Hawaii Americana Realty. does not guarantee its accuracy, and provides this information without warranties of any kind, either expressed or implied. Hawaiian Americana Realty, Inc. 134 Kapahulu Ave., CUB, Honolulu, HI 96815 * by appointment only * RB20383 / RB20384