College basketball and sports television mark a colorful milestone today: 30 years of coaches wearing Hawaiian shirts at a tournament in a tiny gym that helped turn ESPN into a 24-hour ratings and revenue machine.
On Jan. 28 1998, when mammoth swells closed Oahu’s North Shore beaches, Ken Bradshaw defiantly took his WaveRunner a few miles offshore to a reef where the biggest waves were breaking. IMAX was filming “Extreme” via helicopter, and he wanted to be in it.
Blackstone Group LP agreed to buy a shopping mall in Hawaii with Glimcher Realty Trust and a stake in a warehouse venture with ProLogis for a combined $859 million, said two people with knowledge of the deals.
Hawaii, buffeted in the aftermath of the U.S. recession and Japan’s tsunami, is benefiting from a travel rebound that’s sent tourism revenue to a record and spurred real estate investments across the islands.
First Wind Holdings Inc. , a closely held developer, said a 30-megawatt wind farm in Hawaii has gone into commercial service, the first renewable energy project to be completed with backing from the U.S. Energy Department’s loan guarantee program.
Cascade Investment LLC, a company owned by Bill Gates, agreed to buy the Four Seasons Hotel Houston from Maritz, Wolff & Co. to capitalize on rising lodging demand tied to the region’s energy business.
Blackstone Group LP, the world’s largest hotel owner, agreed to buy the leasehold on the Hyatt Regency Waikiki Beach Resort and Spa for $450 million and plans to remodel the Hawaiian property, which includes a shopping mall, said a person with knowledge of the transaction.
Connecticut investment adviser Peter Nagle bought a vacation condo in Oahu, Hawaii, in 2010 and had no trouble getting a mortgage from a local bank. But the process of trying to trade up in the same condo development, he says, was “like night and day.”