Market Reports
Foreclosures

LENDER: REAL ESTATE OWNED
As of February 2012

Hotels Troubled Subtype No. Units City Island Owner Lender
Lahaina Gateway Foreclosure Completed 136,683 SF Lahaina Maui Central Pacific Bank Central Pacific Bank
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
Waikiki Trade Center Foreclosure Completed 204,000 Honolulu Oahu IXIS  
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
99-193 Aiea Heights Drive LNR Property Corp 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 LNR Property Corporation LNR Property Corporation

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
Waiakoa Ranch Delinquent/Default; Foreclosure
Initiated; Deferred/Abandoned
Property		 81,021,600 Kula Maui Woodridge Capital LLC iStar Financial
Hotels Troubled Subtype No. Units City Island Owner Lender
Aloha Beach Resort Foreclosure Initiated; Owner Financially Challenged 216 Lihoe Oahu   Wells Fargo
Kapalua Bay Renaissance Resort Delinquent/Default 210 Lahaina Maui Marriott International JV Exclusive Resorts  

LOANS IN DEFAULT / DELINQUENT / MATURING / RECEIVER

Industrial Properties Troubled Subtype SF City Island Owner Lender
Kakaako Warehouse Receivership 168.853 Honolulu Oahu F&F Waimanu Associates CMBS: LNR Partners
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
Laniakea Plaza Foreclosure Initiated, Transferred to Special Servicer, Owner Financially Challenged, Owner/GP Bankrupt 27,445 Waipahu Oahu   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
Share this at:
  • Facebook
  • Twitter
  • Google Bookmarks
  • email
  • LinkedIn
  • Your Source for Commercial Real Estate in Hawai'i
  • © 2011 Colliers International Property Consultants, Inc. All rights reserved.  |  Sitemap  |  PrivacyDesigned by SuperGeeks

    This website has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this website and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2011. All rights reserved.