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Howard Hughes Corp. Starts Resi Tower, Secures $294M Financing for Another Honolulu Development

Connect Bay Area is coming up July 18, 2019 at the Grand Hyatt San Francisco. Get more information, and register to attend on this link.

The Howard Hughes Corporation secured a $293.7 million loan for its fifth residential tower, ‘A’ali’i, and broke ground on a residential building, Kōʻula, in Hawaii. The projects are part of its Ward Village, a 60-acre coastal master-planned community in Honolulu.

Howard Hughes Corp.’s David R. Weinreb says, “With each passing milestone, Ward Village continues its transformation into one of the country’s most sought-after urban communities. Breaking ground on Kō’ula, obtaining financing for ‘A’ali’i, and generating robust year-to-date sales demonstrate Ward Village’s ongoing momentum and unique position in the market.”

Kōʻula is 64% pre-sold, while ‘A’ali’i is more than 80% pre-sold. Located adjacent to Victoria Ward Park, Kō’ula will feature 565 residences and is targeting LEED certification. The construction loan for ‘A’ali’i has a three-year term with a one-year extension and carries an interest rate of LIBOR +3.10%.

Upon completion, the community will include more than 4,500 homes and roughly one million square feet of retail.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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