KAU COFFEE FARMS & RANCHLANDS
Joel K. LaPinta, PB for Kennedy Wilson, through its affiliate KW HAWAII INC. (“KW”), was the exclusive listing broker for the sale of a collection of properties comprising over 5,880 acres of lands in the District of Ka‘u. The owner, HI BIV LLC, a special purpose entity owned by Lehman Brothers Holdings Inc., ordered the real estate sold in a single package which included 76 lots of record. The bulk of the properties formed three distinct large continuous sections of land: Mo‘aula Coffee Farm Lands, Na‘ālehu & Waikapuna, and Honu‘apo. The properties included agricultural lands used for growing coffee and papaya, pasturage, miles of ocean frontage, residential, commercial and industrial zoned land. Three cellular tower site leases, pasturage leases, and farming licenses provided current income. Measured in total acreage this offering was the seventh largest private land holding in the District of Ka‘u.
THE KAMUELA INN - WAIMEA - HAWAII
The Kamuela Inn is a well run fee simple hotel of 32 rooms with strong cash flow. Clean and well maintained with a good reputation and guest loyalty. Property features peaceful and tranquil surroundings, landscaping, continental breakfast/lunch room, laundry facilities, business office and front desk. This property was priced for sale at a 7.2% CAP rate based on 12 month trailing numbers. Based on calendar Year-to-Date financial records the annualized projected
CAP rate was 10%. ADRs were low for area, with upside potential. With strong revenues, occupancy, NOI that continued to grow, and limited competition in the market, this property was an exceptional investment opportunity.
MAKALEI - HAWAII
1,670 acres golf course and entitlements for 180 lots homesites fna 'Ainamalu at Hu'ehu'e Ranch and Makalei Golf Club course.
KEAUHOU LOTS 10 & 10A - HAWAII
Sold as exclusive broker for Kamehameha Investments a 24.5 Acre development site that is zoned for Multiple Residential development part of the master planned Keauhou Resort community, Kailua-Kona, Hawai'i.
WAINANI at POIPU - KAUAI
In 2010, as an employee of Kennedy Wilson, Joel K. LaPinta (JKL) sourced and lead the acquisition of a resort residential development on the Island of Kauai near Po'ipu beach.($12,250,0000)
In addition to assisting with the sale of the 8 model homes at Wainani, JKL sold 32 of 63 Vacant lots in Wai'nani at Po'ipu to a U.S. merchant builder.
WAIKIKI - OAHU
This is a site at the corner of Namahana St. & Ala Wai Blvd., Waikiki. As principal and broker, Joel K. LaPinta marketed and sold the 23,750 square feet Apartment zoned parcel formerly planned to be the site of the Royal Kahilo Condominium to a Japanese developer and investor group for development of a 44 unit residential apartment.
Waikiki Super Block Site, Kalakaua Avenue, Honolulu, Hawaii. As the exclusive broker, Joel K. LaPinta (JKL) sold this nearly 2.2 acres site zoned for development of high density residential and commercial high-rise (up to 350 feet tall). JKL vetted and negotiated with over a half dozen bidders, delivered evaluation materials, communicated the specific opportunity and challenges inherent to the site to each bidder, and advised in the analysis of each offer. JKL advised the Seller and directly negotiated with the successful bidder.
NAPILI - WEST MAUI
Joel K. LaPinta brokered the sale of 3 contiguous parcels for possible residential development, a total land area of approximately 10.62 acres located just south of Napili town center.
KAUNALA BEACH - NORTH SHORE - OAHU
Joel K. LaPinta brokered this sale of approximately 16 acres with 1,800 linear feet of beach front consisting of 30 existing lots at Kaunala Beach (aka Velzyland) on the North Shore of Oahu.
Since 1990, Joel K. LaPinta has completed over 140 Investment and Brokerage transactions with a gross sales volume of over $450,000,000. These include agricultural, commercial and development land in Hawaii, Texas and other Pacific Islands. Half of the properties were located on the Hamakua Coast of the Island of Hawaii.
Other properties brokered include parcels located in all districts of the islands of Hawaii, Maui, Kauai, and Oahu.
Since 1990, Joel K. LaPinta has completed over 4000 surf sessions.