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Kakaako condo sells out

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    A small line formed Friday to buy mostly studio condominiums in this planned building fronting Ala Moana Boulevard.

The Lofts @ The Collection sold out Saturday.

A&B Properties Inc.announced Monday morning that the second phase of its condominium development, consisting of 54 units, sold out in a little over half a day.

The 48 studio lofts sold at between $349,000 to the mid-$370,000 range, while the six two-bedroom, two-bath units, sold at between $540,000 to the low $580,000 range, the company said, in a statement.

Other prospective owner-occupant buyers can be added to a back-up list, should any initial purchasers withdraw within the 30-day cancellation period.

Interested buyers camped out in line Friday night, awaiting their chance to buy a unit in the development.

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