Wednesday, May 22, 2013
Waikiki Trade Center buyer plans to spruce up property
POSTED: 01:30 a.m. HST, Feb 15, 2013
~~<p>An investment firm has bought the Waikiki Trade Center office tower on the corner of Seaside and Kuhio avenues, and plans to upgrade the building, which was tied up in financing difficulties for several years.</p>
<p>The buyer, a Dela­ware-based company, bought the 24-story building on leasehold land from an affiliate of France's second-largest banking firm, Groupe BPCE, which repossessed the tower in 2010 in lieu of foreclosure.</p>
~~
An investment firm has bought the Waikiki Trade Center office tower on the corner of Seaside and Kuhio avenues, and plans to upgrade the building, which was tied up in financing difficulties for several years.
The buyer, a Delaware-based company, bought the 24-story building on leasehold land from an affiliate of France's second-largest banking firm, Groupe BPCE, which repossessed the tower in 2010 in lieu of foreclosure. Login for more...
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