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January 2018 Update from Bruce McDonald R(B), MBA

Shakas in CHI Town

This place is coming around...finally have roads in and closing our first lot early January!!! Call for details, Bruce Kula I'o Project, Kula, Maui, Hawaii

We had a briefing for Makena Resort...plenty going on out here!! Call for details...as this will definitely put us even more so on an International/Global stage...jus wait!! Call for details

Our Kiwanis 14th Annual “Shop With A Cop” event held this year at Target! KMart hit the road and we were a tad worried, but never fear Target is here as they stepped up and in conjunction with Childrens Justice Center to assist with children and families, Maui’s Finest, Target and of Course Kiwanis Club of Kahului made it happen;)! All started by yours truly in 2004!! One of the many programs we do out here for our islands Keiki!!! Mele Kalikmaka!!

National Association of Realtors Annual Convention - Chicago -Opening Night Gala...suit still fits :-O!!! Got a “Shaka” outta my new friend from Arkansas!!!

THIS REPORT PERIODS NEWS BRIEFS

Please note that these are snippets from Pacific Business News (PBN) and can be found and read in entirety electronically through their website.

1). Brookfield Property Partners LP offered $14.8 billion to buy additional shares of Chicago-based GGP Inc., which owns about 125 high-end malls across the country, including the majority of Hawaii's Ala Moana Center. Brookfield said Monday that it is willing to pay $23 a share — half in cash, half in equity — for the 66 percent of GGP that it does not currently own, per The Wall Street Journal. That figure represents a 21 percent increase of GGP’s unaffected Nov. 6 closing share price. In the wake of the Journal’s report, GGP shares jumped 7.43 percent.

2). Hawaii had the highest share of equity-rich homes in the United States during the third quarter and Honolulu was among the five most equity-rich cities in the nation, according to a new report by Attom Data Solutions.  More than 14 million properties, or 26 percent of all U.S. homes, were equity rich in the third quarter, meaning the combined loan amount secured by the property was 50 percent or less than the market value of the real estate. The report also examined properties that are underwater — where the loan amount is at least 25 percent higher than market value — and found there are 4.6 million such properties in the U.S.

3). The Locations analysis of sales activity in more than 350 Oahu neighborhoods found that competition, as measured by the percent of homes where buyers paid more than the asking price, was highest for three-bedroom single-family homes.

4). Sales of single-family homes in Waipahu more than doubled in October, as the median price in the Central Oahu neighborhood rose 11 percent, while the five areas with the highest number of condominium sales all saw median prices rise last month, according to statistics from the Honolulu Board of Realtors. There were 30 single-family homes sold in Waipahu last month, an increase of 150 percent from 12 sales during the same month last year. The median price of a single-family home there in October was $706,500, an increase of 11 percent from $637,500.

5). Regal Entertainment Group’s Regal Dole Cannery Stadium 18 IMAX & RPX theater in Honolulu appears to be the next movie theater in Hawaii to reduce its seat count with the introduction of reclining seats as the company mulls a sale to the second-largest movie theater operator in Europe. Plans call for the theater complex at Dole Cannery in Iwilei to get an $850,000 upgrade that will convert the stadium seating in 10 of the complex’s auditoriums to motorized recliner seats, along with renovations to the floor and wall finishes, handrails and aisle stairs and lighting, according to a building permit application filed this week with the City and County of Honolulu’s Department of Planning and Permitting.

6). Hawaiian Airlines has launched a new in-flight menu in preparation for the roll-out of its new A321neo fleet, which begins service next year. The new Pau Hana Café brand will be served to customers in the Main Cabin and will include a continental breakfast box for brunch and a hot sandwich and side for lunch. First class meals on flights to North America will continue to be serviced by the Featured Chef Series, overseen by Hawaiian Airlines Executive Chef Chai Chaowasaree.  The airline’s newest featured chef, Wade Ueoka of MW Restaurant, begins Dec. 1 and will run through June 2018. His menu includes dishes such as a cold tofu salad with kimchee, watercress, kaiware sprouts, yuzu kosho vinaigrette appetizer and a ground beef and Portuguese sausage meatloaf entree.

7). Uber and Lyft have been granted a temporary three-month permit beginning Friday to pick up passengers from the Honolulu International Airport for a pilot program announced Thursday by the Hawaii Department of Transportation. The companies will pay the HDOT Airports Division 7 percent of the prearranged trip fares. 

8). United Airlines has introduced new apps for Google Assistant and the Fitbit Ionic smartwatch, and as United was all too eager to note, the Chicago-based airline becomes the first carrier to offer dedicated apps for these two smart devices. Yes, the airline industry is a competitive business. The new United app on Google Assistant lets customers use smart speakers like Google Home to stay up-to-date on their flight. Once customers have linked their MileagePlus account to the Google Assistant, users can say "talk to United" to hear flight status, check amenities and check in for their upcoming flight. The Google Assistant app also allows users to check MileagePlus balances and hear account activity. Similarly, the new Fitbit (NYSE: FIT) app, the first for an airline, will allow customers to receive flight status information and their boarding pass on the device without pulling out their phone.

9). Hawaiian Airlines will launch a daily non-stop service between San Diego International Airport and Maui’s Kahului Airport on May 1, with flights serviced by the new Airbus A321neo aircraft. The Honolulu-based carrier also announced four new daily summer flights for 2018, including its first international seasonal service. The new summer flights, also serviced by the airline’s Airbus A321neo fleet, will be between San Francisco and Honolulu; Oakland and Kona, Big Island; Los Angeles and Kahului, Maui; and Narita and Honolulu.

10). Ohio entrepreneur Joshua Gottlieb is set to acquire Big Island-based Cloverleaf Dairy. The Honolulu Star-Advertiser reported on Friday the takeover is part of a plan to more than double the local milk production in the state. Gottlieb, who is the CEO of Hawaii Agriculture, Energy and Earth Products LLC, reportedly has an agreement to buy Hawaii's second-largest dairy for $2 million. He's also expected to invest between $6 million and $8 million to upgrade and expand the 54-year-old business, the newspaper said. Under the new ownership, Cloverleaf is set to embark on a two-year transition to become an organic dairy, after which it would produce 2 million gallons of milk annually.

11). Alaska Airlines has launched a new nonstop service connecting California's Bay Area with Hawaii's Big Island. The airline's new daily service between San Francisco International Airport and Kailua-Kona International Airport started on Thursday. The SeaTac-based carrier said the new route is part of the largest network expansion in its 85-year history and solidifies Alaska as the leading airline of nonstop flights from the West Coast to Hawaii. For Alaska, which merged with Virgin America, the new route is the 31st it launched from California this year. "Bay Area guests now have the option to fly from any of the region's major airports to the Island of Hawaii," Alaska Airlines Vice President of the Bay Area Annabel Chang said in a statement.

12). Maui townhome project breaks ground after switching strategy for sales Construction is expected to start in the first quarter on the project, which will have 17 buildings with two- and three-bedroom mid-century modern townhomes designed by Honolulu-based G70. This is our Makali’I, Wailea brand new property. . .call for details.

13). Hawaii’s largest event brought 25,043 marathon runners to Honolulu last weekend, with significant growth realized in two new events: the Kalakaua Merrie Mile, now in its second year, and the inaugural Start to Park 10K. “We had 33,000 total entrants, but the number of people on the course is quite a bit more from last year, and the reason for that is because we added the Start to Park 10K, which added over 4,000 runners,” Jim Barahal, president and CEO of the Honolulu Marathon, told Pacific Business News. Individuals running the Merrie Mile increased 30 percent from last year, Barahal said, while he expects the Start to Park to double by next year. . .this is really cool.

14). The Howard Hughes Corp. is getting ready to launch public sales efforts next month for its next Ward Village mixed-use tower, the 42-story Aalii, which is being marketed as a building for “smarter living” with units ranging from less than 300 square feet for a studio to nearly 850 square feet for a two-bedroom unit. Howard Hughes (NYSE: HHC) is currently offering private sales of the 751 units, and will open its sales gallery on Jan. 4 at the developer’s Honolulu headquarters in the IBM Building in Kakaako. Prices of the studio, one- and two-bedroom units have not been disclosed.  Initial sales for the building, which will be built behind the developer’s Whole Foods Market-anchored Aeo tower currently under construction, will be to owner occupants, said Todd Apo, vice president of community development at The Howard Hughes Corp. in Hawaii. 

15). Last session, Hawaii lawmakers passed a bill to conduct a study that would examine the feasibility and economic benefits of a small satellite launch industry.

16). Bank of Hawaii will increase its minimum wage levels from $12 to $15 per hour starting in January, as well as pay $1,000 in cash bonuses to 95 percent of its staff, changes it says were accelerated by the passing of the new GOP tax bill.   “We’ve recently been thinking about increasing our minimum wage level throughout the organization to the living wage level,” Bank of Hawaii Chairman, President and CEO Peter Ho said in a statement on Friday. “The adjustments to the corporate tax rate provided further momentum to execute on the plan.” The Tax Cuts and Jobs Act, which President Donald Trump signed on Friday, lowers the corporate tax rate from 35 percent to 21 percent.

17). Travelers at Honolulu's Daniel K. Inouye International Airport can rejoice this holiday season, knowing they are finally able to enjoy free Wi-Fi at the facility. The Hawaii Department of Transportation Airports Division officially announced the new service on Thursday. But due to a soft launch of the new feature, passengers have been able to connect to the new Wi-Fi service since Dec. 14. The free Wi-Fi is provided Boingo Wireless (Nasdaq: WIFI).

18). Chinese demand for UK properties is still persisting even 18 months after the Brexit vote, reports World Property Journal (20 December 2017). According to Chinese international property portal Juwai.com, Chinese enquiries for real estate in the UK are still 43% higher than the time of the Brexit referendum last year. "At the time of the referendum, we said that the plummeting British Pound would be a primary driver of Chinese property investment in the UK. The lightweight Pound is still a key motivator of Chinese investment," said Carrie Law, CEO of Juwai; buyers now find that --due to the low Sterling-- they can buy UK property for about 10% less." The UK is currently the sixth-most popular country for Chinese buyers on Juwai.com in 2017, after the US, Australia, Canada, Thailand, and New Zealand.

19). A Maui Brewing Co. manager is formulating a business plan to launch his own brewery on Maui following success through home brewing.

20). The tax deduction for businesses structured as limited-liability companies and other pass-through companies contained in the tax bill is expected to be a substantial benefit for some commercial real estate owners in Hawaii and the rest of the nation. The Wall Street Journal reports that if the tax bill is passed, owners of real estate companies are expected to fare even better than owners of other LLCs and pass-through businesses, who currently pay taxes on individual returns. That’s because the proposed bill headed for a vote this week would give a 20 percent deduction on taxable income to pass-through businesses that are owned by individuals who make less than $157,500, and those filing joint returns who make less than $315,000. Most commercial properties in Hawaii are owned by LLCs or partnerships. The newspaper reports that Steven M. Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, says that if the bill passes, “the commercial real-estate industry will have hit the jackpot.”

WAILEA SOLD:
 1). Ho’olei, O3 – List Price - $2.924 – Sold Price - $2.86M. . .our listing.
 2). Ekolu 1205 – List Price - $795K – Sold Price - $787K.
 3). Wailea Palms II, 3104 – List Price - $1.425M – Sold Price - $1.375M.
 4). 4305 Melianani Place – List Price - $10.9M – Sold Price - $8.75M. . .nice.. . very nice.. . and I mean very, very, nice.
 5). Wailea Ekolu, 204 – List Price - $875K – Sold Price - $855K.
 6). Fairway Villa’s, V-102 – List Price - $625K – Sold Price - $625K.
 7). 367 Kualono Place – List Price - $1.498M – Sold Price - $1.44M. . .our listing.
 8). 45 Hale Ho’okipa Way – List Price - $1.9M – Sold Price -$1.715M.
 9). Ho’olei, E5 – List Price - $3.375M – Sold Price - $3.16M.
 10). Makena Surf, F-110 – List Price - $2.55M – Sold Price - $2.25M.
 11). Ho’olei, T1 – List Price - $2.385M – Sold Price - $2.28M.
 12). Kai Malu, 21A – List Price - $1.265M – Sold Price - $1.22M.
 13). Makena Surf, G301+G302 – List Price - $3.6M – Sold Price - $3.6M. . .killer top floor double unit.
 14). Wailea Golf Estates, Lot 15 – List Price - $1.1M – Sold Price - $1.1M.
 15). Wailea Palms I, 1502 – List Price - $969K – Sold Price - $939K.
 16). Fairway Villa’s, K-102 – List Price - $739K – Sold Price - $719K.
 17). Kai Malu, 62B – List Price - $1.329M – Sold Price - $1.29M. . .our listing.
 18). Wailea Beach Villa’s, F-101 – List Price - $4.24M – Sold Price - $3.8M.
 19). Wailea Beach Villa’s, PH-106 – List Price - $2.325M – Sold Price - $2.25M.
 20). Kai Malu, 51B – List Price - $1.324M – Sold Price - $1.275M. . .our listing.
 21). Kanani, 15 – List Price - $1.085M – Sold Price - $995M. . .our listing.
 22). Wailea Ekahi, 11F – List Price - $2.15M – Sold Price - $1.998M.
 23). 3140 Kihiki Street – List Price - $598,880 – Sold Price - $555K.
 24). 344 Pualoa Nani Place, 34 – List Price - $2.69M – Sold Price - $2.092M.

WAILEA PENDING:
  1). Kai Malu, 62B – List Price - $1.329M. . .our listing. . .we dominate in Kai Malu, any assistance needed here, let me know.
 2). Grand Champions, 117 – List Price - $665K.
 3). Kai Malu, 21A – List Price - $1.265M.
 4). 344 Pualoa Nani Place – List Price - $2.69M. 5). Wailea Palms II, 2806 – List Price – 1.375M.
 6). Wailea Ekahi, 11F – List Price - $2.15M. . .wow. . .Ekahi selling like Elua prices now.
 7). Ho’olei, I1 – List Price - $3.25M.
 8). Wailea Palms I, 1502 – List Price - $969K.
 9). Keala O’ Wailea, 66 – List Price - $949,900.
 10). Wailea Beach Villa’s, PH-302 – List Price - $3.45M.
 11). Keala O’ Wailea, 70 – List Price - $888,900.
 12). Kanani, 15 – List Price - $1.085M. . .our listing.
 13). Kai Malu, 19A – List Price - $1.225M.
 14). 3091 Manu Hope Place – List Price - $1.35M.
 15). Wailea Palms II, 3402 – List Price - $1.195M.
 16). Wailea Palms II, 3307 – List Price - $1.1M.
 17). 354 Pualoa Nani Place – List Price - $1.95M.
 18). 3922 WaaKaula Place – List Price - $4.279M.
 19). Wailea Elua, 2105 – List Price - $1.419M. . .somebody stole one here guys.
 20). 4690 Makena Road – List Price - $9.9M. . .excellent beach front location on Secret Beach. . .great property.
 21). 340 Pualoa Nani Place – List Price - $1,499,900.
 22). 4337 W. Waioloa Street – List Price - $695K.
 23). Ho’olei T3 – List Price - $1.899M.
 24). Wailea Ekolu, 1604 – List Price - $840K.
 25). Wailea Ekolu, 1601 – List Price - $664,900.
 26). Wailea Palms II, 3302 – List Price - $749K.
 27). Wailea Ekahi, 19B – List Price - $1.595M.
 28). Grand Champions, 125 – List Price - $569,900.
 29). Grand Champions, 162 – List Price - $649,900.
 
HAIKU SOLD: 
1). 0 Pu’uomalei Road – List Price - $300K – Sold Price - $315K.
 2). 0 Kahiapo Place – List Price - $309K – Sold Price - $293K.
 3). 43 W. Waipio Road – List Price - $1.295M – Sold Price - $1.3M. . .sold over list price. . .priced good.
 4). 650 Pakanu Street – List Price - $975K – Sold Price - $975K.
 5). 0 Hanuana Road – List Price - $395K – Sold Price - $395K.
 6). 1855 Kauhikoa Road, 223-B – List Price - $339K – Sold Price - $325K.
 7). 1855 Kauhikoa Road, 223-A – List Price - $379K – Sold Price - $380K.
 8). 400 Kulike Road – List Price - $1.5M – Sold Price – 1.48M.
 9). 805 Ku’ulei Street – List Price - $342K – Sold Price - $339K. 
10). 17 Manawai Place, Lot 1 – List Price - $525K – Sold Price - $500K.
 11). 233 Manawai Place – List Price - $1.25M – Sold Price - $1.2M.
 12). 185 Kohani Place – List Price - $1.215M – Sold Price - $1.185M.
 13). 36 Kahope Place – List Price - $645K – Sold Price - $640K.
 14). 661 Kauhikoa Road – List Price - $779K – Sold Price - $753,500.
 15). 200 Waipalani Road – List Price - $1.375M – Sold Price - $1.35M.

HAIKU PENDING: 
1). 121 Oili Road – List Price - $899K.
 2). 690 E. Kuiaha Road – List Price - $1.049M.
 3). 233 Manawai Place – List Price - $1.25M.
 4). 927 N. Kokomo Road – List Price - $839K.
 5). 1320 W. Kuiaha Road – List Price - $995K. 
 6). 2576 Alohia Place – List Price - $798K.
 7). 20 Kahope Place – List Price - $402,200.
 8). 37 Poko Way – List Price - $1.59M.
 9). 409 Waiama way – List Price - $1.2M.
 10). 20 Kahope Place – List Price – $402,200.
 11). 409 Waiama Way – List Price - $1.2M.
 12). 2830 W Lelehuna street – List Price - $550K.
 13). 1855 Kauhikoa Road – List Price - $329K.
.
HANA SOLD 
1). 7127 Hana Highway – List Price – 2.995M – Sold Price - $2.85M.
 2). 436 Waiohonu Road – List Price - $749K – Sold Price - $749K.
 3). 0 Waiohonu Road – List Price - $475K – Sold Price - $450K.

 HANA PENDING:
1). 83 Wailua Road – List Price - $495K.
 2). 470 Waiohonu Road – List Price - $799K.
 3). 285 Alalele Place – List Price – 395K.
 4). 522 Haneo’o Road – List Price - $2.775M.
 5). 719 Nahiku Road – List Price - $270K. . .Nahiku is Hana District.
 
KULA SOLD:
1). 320 Ainakula Road – List Price - $699K – Sold Price - $667K.
 2). 10 Ku’ulani Place – List Price - $999K – Sold Price - $920K.
 3). 15640 Haleakala Highway - $8.85M – Sold Price - $7.5M. . .310 acres of prime time real estate. . .30 day close. . .I have access to two other parcels up here totaling 1,000 acre (646 acres + 468 acres +/- with 5 TMK’s), can be sold together or separate and an excellent land bank buy and hold opportunity, call for details.
 4). 0 Copp Road – List Price - $250K – Sold Price - $231,500.
 5). 28 Mano Drive – List Price - $740K – Sold Price - $740K.
 6). 470 Hapapa – List Price - $1.39M – Sold Price - $1.2M.
 7). 17085 Haleakala Highway – List Price - $1.549M – Sold Price - $1.5M.
 8). 20 Pea Place – List Price - $1.199M – Sold Price - $1.15M.
 9). 67 Anuenue Place – List Price - $735K – Sold Price - $725K.

KULA PENDING:
1). 59 Holomakani Drive – List Price - $1.197M.
 2). 20 Pea Place – List Price - $1.199M.
 3). 40 Kau Street – List Price - $852K.
 4). 850 Keakaulike Avenue – List Price - $999K.
 5). 17085 Haleakala Highway – List Price - $1.549M.
 6). 83 Kulalani Drive – List Price - $1.315M.
 7). 10 Kalama Park Road – List Price - $795K.
 8). 126 Ho’omaikai Place – List Price - $1.085M.
 9). 152 Kulamanu Circle – List Price - $399K.
 10). 75 Ka Drive – List Price - $1.3M.
 11). 1000 Kamehameiki Road – List Price - $599K.
 12). 28 Kulamanu Circle – List Price - $1.049M.
 13). 170 Naalae Road – List Price - $955K.
 14). 11 Huina Place – List Price - $1.25M.
 15). 0 Ihe Place – List Price - $750K.
 16). 17100 Haleakala Highway – List Price - $1.25M.

LANAI SOLD
1). Terraces at Manele Bay III, 4B – List Price - $2M – Sold Price - $1.9M.
 2). Villa’s at Koele, 3A – List Price - $825K – Sold Price - $800K.

LANAI PENDING:
 1). 504 Nininiwai Circle – List Price - $1.895M.

MOLOKAI SOLD 
1). 0 Kaula Road – List Price - $162K – Sold Price - $162K.
 2). Molokai Shores, A316 – List Price - $110K – Sold Price - $100K.
 3). D17 Mahiki Place – List Price - $55K – Sold Price - $51K.
 4). nhn Awawa Road – List Price - $165K – Sold Price – 151K.
 5). 230 Ilahi Street – List Price - $135K – Sold Price - $125K.
 6). 0 Kaula Road, Lot 35 – List Price - $189K – Sold Price - $170K.
 7). 42 Kamakana Place – List Price - $78,900 – Sold Price - $110K.
 8). 117 Ulanui Road – List Price - $120K – Sold Price - $120K.

MOLOKAI PENDING:
 1).

Wailea Town Center
161 Wailea Ike Place #A-102
Wailea, Hawaii 96753
Office: (808) 875-4444
Fax: (808) 875-4414
Email: Info@MauiRealEstateAdvisors.com

We are committed to your 100% Satisfaction, 100% Guaranteed. Thus we are comfortable offering you Our Guarantee that if for any reason you ever feel less than satisfied we will remain open to hearing about your needs, concerns, and suggestions and should you desire to choose different representation we will release you gracefully from our services.