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Commercial Real Estate Industry News Headlines | Bizjournals.com

Commercial Real Estate news
  • Planet Fitness, an international fitness chain based in New Hampshire, is expanding to Hawaii with its first location opening at the Target-anchored Puunene Shopping Center on Maui, the brokerage firm that did the deal confirmed to Pacific Business News Friday. The Puunene Shopping Center in the Maui Business Park in Kahului, the most densely populated area on Maui, includes a mix of local and national retailers, restaurants and service providers. Planet Fitness Inc. (NYSE: PLNT), which has more…

  • A California company plans to develop a big solar energy farm in Kalaeloa in West Oahu, Pacific Business News has learned. The Hawaii Community Development Authority, which regulates development in Kalaeloa, is scheduled to make a decision next week whether to enter into lease negotiations with Aloha Solar Energy Fund II/ECC Energy Solutions LLC for the 5 megawatt project. The company is headed by California’s ECC, which does design-build construction projects, environmental remediation, engineering…

  • Target Corp. is scheduled to open its Ala Moana Center store in part of the former Nordstrom space in October, the mall said this week. Target (NYSE: TGT) struck a 20-year lease deal worth $37.8 million with GGP Inc., the majority owner of the state’s largest mall for 136,525-square-feet of the old Nordstrom building along Kapiolani Boulevard. Pacific Business News broke the news that Target would be expanding to Ala Moana Center. It will be a full-line store that will include grocery items. The…

  • The City and County of Honolulu is looking to condemn a portion of Hawaiian Electric Co.’s deactivated Downtown Honolulu power plant for its rail transit project, Pacific Business News has learned. Hawaiian Electric’s parent, Hawaiian Electric Industries Inc. (NYSE: HE), revealed the city’s rail transit plans regarding its downtown plant in a filing Friday with the U.S. Securities and Exchange Commission. Peter Rosegg, spokesman for Hawaiian Electric, told PBN that the property that may be…

  • It appears one of the ranches shopped around Colorado during the holiday season under the name 'Somewhere in Texas,' is the Barefoot Ranch owned by Dallas hedge fund manager and billionaire Kyle Bass. According to the Dallas Morning News, the projected sale price is between $50 million to $100 million for the ranch, which sits in Athens an hour southeast of Dallas. The 2,500-acre ranch was shopped around Aspen during the holidays because of the demographic that flees to the mountains during this…