HONOLULU-Black Sand Capital LLC, a real estate investment company based in Honolulu, has paid $41.25 million for the King's Village Shopping Center, a 38,764-square-foot property at 131 Kaiulani Ave. in Waikiki. The retail center was sold by Oregon-based Elda Investments LLC.
The King's Village Shopping Center, built in 1972, is situated on the back of the Hyatt Regency Waikiki Beach Resort and Spa. The assessed value of the center is $23 million. This is Black Sand Capital's third acquisition in Hawaii. For the full story, go to Pacific Business News .
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