Sam Nazarian, the Los Angeles restaurant and nightclub owner, is putting his SLS Beverly Hills luxury hotel on the market as part of a strategy to cash in on the company’s real estate investments and focus on its management operations.
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.
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.
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.