Final approach for real estate (Honolulu Star-Bulletin) Honolulu's residential real estate market might soon be coming in for a soft, but somewhat bumpy landing. Higher inventory buildup and a 59 percent drop-off in high-end sales over the $1 million mark are among the signs that the cycle, which peaked in 2005, is gearing up to land.
AGI unit to build P3.8-B hotel in Newport City (Philippine Star via Yahoo! Philippines News) Alliance Global Group Inc. (AGI), the investment holding firm of real estate tycoon Andrew Tan, said yesterday its tourism unit Travellers International Hotel Group Inc. will put up a P3.8-billion all-suites hotel within Newport City in Pasay City in partnership with Hong Kong-based Star Cruises Ltd.
Independence Day Funeral for Walworth Soldier (R News) It was a challenging Independence Day for a Wayne County family. Their Fourth of July was spent at the funeral for their young soldier who died last week at a military barracks in Hawaii.
Military Service for Wayne County Soldier (R News) A local soldier will be laid to rest Friday with full military honors. Army Specialist Kenneth Jacobs, 21, died at his barracks in Hawaii late last month.
Mortgage woes blamed for this years' filings (Honolulu Star-Bulletin) Bankruptcies are on the rise in Hawaii, due mostly to a higher percentage of filings related to real estate problems. The total number of statewide bankruptcies jumped 30.1 percent to 890 in the first six months of this year compared with last year, reflecting tougher economic times.
