Market Reports
Foreclosures

As of May 2013

LENDER: REAL ESTATE OWNED

Hotels Troubled Subtype No. Units City Island Owner Lender
Ilikai Hotel Foreclosure Completed 203 Honolulu Oahu iStar Financial iStar Financial
Kauai Beach Resort Foreclosure Completed 145 Lihue Kauai iStar Financial iStar Financial
Turtle Bay Resort Foreclosure Completed 443 Kahuku Oahu Credit Suisse Credit Suisse
Ritz-Carlton Kapalua Delinquent/Default; Funding Stop; Auction/Trustees Sale Scheduled;Foreclosure Completed 548 Lahaina Maui Lehman Brothers Holdings Inc Lehman Brothers Holdings Inc
Office Properties Troubled Subtype SF City Island Owner Lender
Airport Center Foreclosure Completed 111,000 Honolulu Oahu Morgan Stanley CMBS: LNR Partners
One South King Foreclosure Completed 82,829 Honolulu Oahu JER Partners CMBS: J.E. Robert Companies
Hawaii Research Center Foreclosure Completed 76,000 Aiea Oahu LNR Property Corp LNR Property Corp
Retail Properties Troubled Subtype SF City Island Owner Lender
Coconut Grove Foreclosure Completed 48,696 Kailua-Kona Big Island ORIX  

 

LOANS IN DEFAULT / DELINQUENT / MATURING / RECEIVER

 

Development Troubled Subtype SF City Island Owner Lender
Kaleeloa Blvd & Opakapaka Street Delinquent/Default 2,339,608 Kapolei Oahu LV Kapolei 54, LLC Central Pacific Bank
Waikoloa Village Mixed Use Delinquent/Default 1,960,200 Kamuela Big Island Passco Companies JV Metric Holdings  
Hotels Troubled Subtype No. Units City Island Owner Lender
Kapalua Bay Renaissance Resort Delinquent/Default 210 Lahaina Maui Marriott International JV Exclusive Resorts  
Naniloa Volcanoes Resort Delinquent/Default; Foreclosure Initiated; Auction/Trustees Sale Scheduled 325 Hilo Big Island Hawaii Outdoor Tours Inc First Regional Bank
MaKaha Delinquent/Default; Foreclosure Initiated; Auction/Trustees Sale Scheduled 173 Waianae Oahu Northwynd Resort Properties Ltd  
Apartments Troubled Subtype No. Units City Island Owner Lender
94 Awanei St. Transferred to Special Servicer 40 Waipahu Oahu San Floriano Co LaSalle Bank
Shopping Centers Troubled Subtype SF City Island Owner Lender
Cantebury Place Commercial Condo Delinquent/Default; Owner Financially Challenged; Owner/GP Bankrupt 136,683 Honolulu Oahu 1910 Partners Pacific Guardian Life
Nimitz Center Maturing Loan, Transferred to Special Servicer 154,093 Honolulu Oahu Ronin Properties, LLC CMBS: LNR Partners

The foregoing information was provided to us by sources we deem reliable, but no warranty or representation is made as to the accuracy thereof. We have no reason to doubt its accuracy, but we regret we cannot guarantee it. All properties subject to change or withdrawal without notice.

Please download for PDF format by clicking the PDF icon   Hawaii Distressed Commercial Real Estate Mark D. Bratton

 

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