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October 09, 2019  

Honolulu Retail Condos Up for Grabs

The retail portion of a prominent hotel in Honolulu is on the block.Bids are expected to hit $60 million for two condominiums totaling 69,000 square feet at the Ilikai Hotel, at the western end of the Waikiki Beach shoreline. The offering encompasses the 58,000-sf first floor of the building and an 11,000-sf rooftop restaurant. The estimated value would translate to a capitalization rate of about 5.5%. JLL is handling the offering for the...

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