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They had to pay a fee to extend and then the lease rents went up significantly. Another example is some of the remaining leasehold units at the Wailana in Waikiki. They were charged a fee to extend. For the lessees though, it's better than the alternative as they still have some equity preserved, which could have be $0 if the lease ran out.

Looks like I answered your same question in this video: ruclips.net/video/sW2JY4qiREE/видео.html&lc=Ugyu3Nfgc7ce-_27H-F4AaABAg

Other options besides evicting the lessees would be to extend the land lease, which is what just happened at the Sans Souci in Diamond Head. However, the lease rent went up significantly. Here's a video I did on that: ruclips.net/video/7wIQ-vPBpx8/видео.html The other option would be to make the "fee" or land interest available for sale. This was more common in the past prior to Mufi Hanneman being our mayor. With that said, I wouldn't rely on either of the situations above as with the case of the Kailua owners, the lessor has the right to take their property back over.

Mahalo! You too 😎

Mahalo 🙏

Correct. Every lease is different. However, at the end of the day, a lease typically has an expiration date. Unless it says otherwise, lessees aren't entitled to stay once the lease has expired.

It depends. If it's for disability, yes. It would then be the tenants responsibility to take it back to the way it was once the lease is up. In any HOA situation though, owners typically need to get HOA approval for major improvements in addition to a DPP (Department of Planning and Permitting) building permit

Wow! What a great memory! Murphy beds are sure great, aren't they?

Time flies when you're having fun 😎

😂 She's on Maui though

For sure! Kainalu is an awesome building and looking to show there today :)

It's hard to beat 😎

Leasehold units at the Kahala Beach Apartments have been as low as $50,000 (knowing you have to walk away in 2027) and prices go up to the mid to high $1 million range for a fee simple unit at Kahala Pacifica, Kahala View Estate or Regency at Kahala. These are still relatively affordable compared to homes in the area or nearby condos along the Gold Coast at Diamond Head. I also have links above to all the condo projects where you can see available listings for sale at each project. Due to inventory, not every building or complex has something for sale at any given time. Feel free to call me as well if you have a specific budget in mind @ 808-371-3509.

@@nildabonano5797 I’m not sure what you mean by that? I’m born and raised here and love the Hawaiian people. Half of my cousins are Hawaiian

They're still working on it after delays. Being further west, I'm assuming most of the Diamond Head views will be blocked by Alia. It'll probably more affordable price points than Alia & The Launiu

There's actually a public access right around the corner off Kalaheo Ave that takes you to the same beach 😎 which is a public beach. All the beaches in Hawaii are owned by the state (unlike other places)

@@davide.buckrealtor-broker5636 thanks for sharing this video and the information, I learned something about Hawaii. I appreciate your efforts man!

Great question! I don't think they'll come out and say it and correct on our state being blue... with that said, that's not necessarily the best business decision if so as we get visitors here from all over the US. I agree politics shouldn't destroy the building. The challenge with that building (before and after the name change) is the same issue with the Ritz Carlton Waikiki (for condo owners) is it's hard to make $ renting them out. Here's a short I put together explaining: ruclips.net/user/shortsxUKchhj3QnA

Mahalo for the feedback. The current owner actually did some of your suggestions and put it back on the market and is available now for $1,625,000. Here's a link for more info: www.hawaiihomelistings.com/property/202411534/

@@davide.buckrealtor-broker5636 Oh wow, the photos look beautiful, so open now 👍 If only I could to live there 😀 Good luck with it!

Mahalo 🙏 It sure is 😎

My client changed his mind about moving here due to a work opportunity. We started $190k, however have it priced well now. Another studio asking $5,000 more than he paid just went under contract this week.

Your property in Owena is fab too on Diamond Head 😍

For sure 👍

Great question! I know the Marco Polo was built in 1971. My grandfather had a penthouse unit there (so I've heard). Since I was born in the 1970's, I don't remember it. However, I did hear there was an ongoing joke at the time that the state bird was the "crane" as there were so many high rises being built at the time 🤣

It sure can be, which is why retrofitting for sprinklers the city is giving HOA's another 8 years if they opt for it (IE- by the year 2038 instead of 2030 to pass the FLSE (Fire Life and Safety Evaluation)

Mahalo 😎

Today, there are 3 available and another 3 in escrow. The maint. fees range from $319/mo for a studio to $768/mo. for the 2 bedroom, 2 bathroom unit 418 I'd mentioned in the video. I also put a link to more info on the building along with all the available listings in the description 😎