Honolulu — JLL has arranged the sale of Hale Mahana, a 589-bed student housing property located near the University of Hawaii at Manoa campus in Honolulu. JLL worked on behalf of the seller of the fee-simple asset, Greystar, and procured the buyer, a joint venture between Timberline Real Estate Ventures and a fund managed by Ares Management Real Estate, in the transaction. Built in 2018 at 2615 S. King St., the community offers 191 fully furnished units in studio, one-, two-, three- and four-bedroom configurations. Shared amenities include study rooms, a …
Hawaii
P3 to Break Ground on $157 Million Residence Hall Project at University of Hawaii at Mānoa
by Katie Sloan
Honolulu — A public-private partnership between the University of Hawaii at Mānoa and Greystar is set to break ground on a $157 million residence hall project on the university’s campus in Honolulu. The 558-bed community will consist of two buildings rising 18 and 12 stories, respectively. The development will offer 316 units in studio, two-, three- and four-bedroom configurations, alongside a childcare facility, retail and cafe space, bike storage rooms, a laundry facility, mail and package room and outdoor amenity decks. Groundbreaking is scheduled to take place in September with …