GRAND WAILEA RESORT SOLD
January 19th, 2007Investment banking giant Morgan Stanley is buying CNL Hotels and Resorts, owner of the Grand Wailea Resort and Spa, for $6.6 billion.
REVISED RITZ-CARLTON RENOVATION PLAN
January 17th, 2007The Ritz Carlton Kapalua has made some modifications to their renovation plans .
SOUTHERN CALIFORNIA REAL ESTATE REPORT
January 16th, 2007According to Dataquick, prices in Southern California crept higher in December, while unit sales remain very low.
MAUI MEADOWS REAL ESTATE UPDATE
January 16th, 2007It remains very quiet in Maui Meadows. While we continue to meet frequently with potential buyers, they seem mostly oriented towards vacant land and are nonplussed by the asking prices for it. There were no new listings, and more disturbingly, no new sales in this week. Inventory in Maui Meadows must be considered very full at this point. Asking prices generally are still well above the sales averages for 2006.
FORBES SPEAKS ON SELLING YOUR HOME
January 14th, 2007Today's Forbes.com, the magazine for the entrepreneur, lists ten keys to selling your home in 2007. Here are some key points from the article in Italics and some commentary from us.
FEATURED HOME LISTING
January 13th, 2007We are pleased to announce the listing of 100 Po'ailani Place in Wailea's newest development, Kanani Wailea. Kanani Wailea is being built by the same developers who built the Vintage on the Ka'anapali hillside. This complex of thirty eight residential condominiums sits on eight acres at the entrance to the Wailea Resort and will be gated as well as offering a pool, exercise and recreation area. Kanani Wailea is pet friendly and is expected to be completed in the late March or April time frame.The units come in three and four-bedroom configurations of between 1900 and 2300 interior square feet, almost all with ocean views, many of them spectacular! In addtion to the interior space, all the units have two car garages and large lanais. 100 Poailani is the BG-Nalu one story floorplan and boasts three bedrooms, an office, four full baths, granite counters, travertine floors, Wolf, Sub-Zero and Bosch appliances, volume ceilings, African mahogany doors and trim, Leicht cabinets, a huge cast iron bathtub, large lanai with automatic Sunscreen shades and excellent ocean views. This unit is listed for $2.3 million. Sean Crowley owns this unit.
COME SEE THE SKINS GAME!
January 10th, 2007Arnold Palmer, Jack Nicklaus, Tom Watson, Raymond Floyd and Gary Player have over forty, FORTY, major championships among them. You can see them all play at the Wailea Gold Course on Saturday and Sunday in the Wendy's Skins Game. Sure these gentlemen are somewhat past their peak, but how often does one get to watch a sports immortal up close, let alone five of them? Well, in Wailea? Every year.
MAUI MEADOWS REAL ESTATE UPDATE
January 10th, 2007Things remain relatively quiet in Maui Meadows. There has been another price reduction on 566 Mikio, which is now listed for $1.249 million. Inventory remains full in Maui Meadows and sales activity remains modest with about one property per month being sold.
WAILEA CONSTRUCTION UPDATE
January 7th, 2007As those who are on island can see, there is a tremendous amount of construction going on in the Wailea area and we thought a brief update might be in order.
A FED RATE CUT LESS LIKELY
January 6th, 2007Economic news released on Friday indicated surprising strength in the job market as nonfarm payrolls grew by 167,000 in December compared to an expectation of 100,000. Job growth for October and November was also revised upward. Over the last three years, the US economy added 5.8 million net new jobs. Workers also saw a average hourly wages in December up .5% from a month ago and 4.2% over December 2005.
