HONOLULU—The Howard Hughes Corporation hassecured a $600 million from BlackstoneReal Estate Debt Strategies for the development ofWaiea and Anaha, the first twocondominium towers at Ward Village. The financingwas arranged by Randy Fleisher with theDallas Capital Markets group ofJLL.

Ward Village is a 60-acre urban master plannedcommunity located in the heart of Honolulu between thecity's downtown and Waikiki. Ward Village plans call for over 4,000exceptional high-rise residences and more than one million squarefeet of retail space surrounded by outdoor public gathering placesand pedestrian friendly streets. The neighborhood will be anchoredby a four-acre public park that will serve as amultipurpose gathering space in Honolulu where residents andvisitors will convene, socialize and enjoy an array of communityevents.

“Our vision for Ward Village is to create the premier masterplanned community in Hawai'i offering an unrivaled vibrant urbanlifestyle in the heart of Honolulu,” said GrantHerlitz, president of The Howard Hughes Corporation. “Theclosing of this loan marks another important milestone as we createthe quintessential 21st century neighborhood.”