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Commercial Real Estate news
  • Dunkin’ Donuts may be making its way to East Oahu as part of a new project by Aloha Petroleum Ltd., which is the Hawaii franchisee for the donuts-and-coffee giant, a spokeswoman with Aloha Petroleum confirmed to Pacific Business News Friday. Aloha Petroleum will start construction soon on an Aloha Island Mart convenience store and a new Aloha gas station in Hawaii Kai at the site of a gas station formerly operated by Tesoro Corp. While there are no immediate plans to offer Dunkin’ Donuts at…

  • The Girls Who Bake Next Door, a popular dessert company that is known mainly for its cupcakes and butter mochi, has recently opened a retail location after operating out of a food truck, the owners confirmed to Pacific Business News Friday. Owned by Jennifer Hino and Sara-Dane Tacuyan, former accountants at the same company, The Girls Who Bake Next Door has been using a space just outside of Downtown Honolulu for its kitchen for several years but is now opening it up as a shop. The kitchen/shop,…

  • Pacific Office Properties Trust Inc. reported a net loss of $13.9 million for the year ending December 31 in a filing with the U.S. Securities and Exchange Commission on Friday. The loss is a 2.1 percent improvement on 2015’s comparable period, where the real estate investment trust saw a net loss of $14.2 million. The Honolulu-based company, which was formed by Honolulu real estate investor Jay Shidler, reported revenue of $44.7 million for 2016, up 1.3 percent compared to $44.1 million in 2015. Pacific…

  • Domino’s Pizza (NYSE: DPZ), which recently opened its first Downtown Honolulu restaurant, will open its first location in Waikiki in a ground floor space of a Hyatt hotel, the Hawaii franchisee for Domino's confirmed to Pacific Business News Friday. Mike Rompel, the franchisee for Domino's in the state, told PBN that it is going to start building its new restaurant in the ground floor space formerly occupied by a Lawson Station at the Hyatt Place Waikiki Beach on Paoakalani Avenue. It will be…

  • Panda Express’ owners have been on quite a real estate buying spree in Hawaii with its latest and most prominent purchase being the former Pacific Business News and Federal Aviation Administration office building at the entrance of Waikiki, according to the sales deed obtained by PBN. The 10-story, 97,585-square-foot building on Kalakaua Avenue near the Hawaii Convention Center was purchased by CFIC Hawaii Office LLC for $26.1 million, as first reported by PBN. CFIC Hawaii is headed by CFT NV…