Commercial property purchases trend upward

Major deals involving malls contributed to $942 million in sales during 2012's first half

By Andrew Gomes

POSTED: 01:30 a.m. HST, Sep 07, 2012

~~<p>Buyers led by investors and developers spent nearly $1 billion acquiring commercial real estate in Hawaii during the first half of this year, according to a new report that suggests the activity may represent the first strong and sustainable resurgence since a decline began six years ago.</p>
<p>The report released today by Colliers International said $942 million in commercial property statewide — including retail centers, office buildings and development property — was sold during the six-month period.</p>
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Buyers led by investors and developers spent nearly $1 billion acquiring commercial real estate in Hawaii during the first half of this year, according to a new report that suggests the activity may represent the first strong and sustainable resurgence since a decline began six years ago.

The report released today by Colliers International said $942 million in commercial property statewide — including retail centers, office buildings and development property — was sold during the six-month period. Login for more...