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Mainland Investor Buys Kihei Shopping Center

A mainland investor has recently purchased the Longs Drugs-anchored Kihei Shopping Center.
October 18, 2013

Mainland Investor Buys Kihei Shopmaui business investor ping Center

For those of you who are on the fence about the financial investment of a South Maui real estate purchase, it might be instructive to take a peek at what professional investors are doing. You probably know where this is going!

An investor from the mainland recently purchased the Longs Drugs-anchored Kihei Shopping Center from Kimco Realty Corp., an affiliate of a New York-based real estate investment trust. This $7.2 million purchase was reported by Joseph Leonardo of the Honolulu real estate firm Joseph C. Leonardo & Co., who represented the buyer, which preferred not to be named.

Honolulu-based Commercial Consultants Inc. represented Kimco Realty. This seller happens to own and operate the biggest portfolio of neighborhood and community shopping centers in North America. They wouldn't have grown so successful without knowing when they shouldn't pass up on a good sale. Interestingly, that property was the company's only Hawaii asset, which makes it special.

If you are in the market for a good South Maui home or condo purchase, we suggest you try our real estate search page. You can be incredibly specific about what criteria you are looking for in a property. If you'd rather search with the help of an expert, you'll find our contact information at the bottom of the page. We'd love to assist you, whether you are looking for a permanent residence or a second Maui home. Mahalo for reading this week!

RealEstateMauiHawaii.com - By Mark Harbison

Blogs for October 2013

Seven Maui Resorts Make Traveler's Choice Top 20 List

Posted on October 25, 2013
Seven Maui Resorts Make Traveler's Choice Top 20 List

The Conde Nast Traveler's list of the Top 20 Hawaii Resorts came out recently. This feature of the Reader's Choice Awards revealed that the Four Seasons Resorts claimed the top four spots on the list, with Maui's Four Seasons at Wailea ranking… Continue Reading

Mainland Investor Buys Kihei Shopping Center

Posted on October 18, 2013
Mainland Investor Buys Kihei Shopping Center

For those of you who are on the fence about the financial investment of a South Maui real estate purchase, it might be instructive to take a peek at what professional investors are doing. You probably know where this is going!

An investor from the mainland… Continue Reading

Hawaii Bankruptcy Filings Drop in September

Posted on October 11, 2013
Hawaii Bankruptcy Filings Drop in September

As Maui real estate experts, we like to keep our eye on the Hawaii economy as a whole, especially when the reports focus on statistics that can influence the Maui housing market. Amid the nervousness and tension surrounding last week's government shutdown, we were glad… Continue Reading

Kihei Piilani Promenade Project

Posted on October 04, 2013
Kihei Piilani Promenade Project

The Piilani Promenade project has been revised, and if it gets built, it will be a rather large commercial and residential real estate addition to South Maui. The plan originally included a 700,000-square-foot retail center called the Maui Outlets and Piilani Promenade, but the Hawaii Land Use… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

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