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Kamehameha Schools to Develop Kakaako

 
Stanford Carr in association with mainland firm Gerding Edlen is set to develop a parcel in Kakaako for Kamehameha Schools. The development will be called Keauhou Lane. It will include mixed use rental apartments, lofts, townhomes, a high-rise tower and live/work space, retail shops and a grocery store. The project will be located on South street between Halekauwila street and Pohukaina street. There are plans in the works to connect this to the new rail system. Groundbreaking is slated in late 2014 to be completed in 2016. 

New Lending Rules for 2014

There are some sweeping changes coming in 2014 to the mortgage industry. As a consumer, you need to be aware of these changes. They can significantly harm your ability to qualify for a loan. As a buyer or a seller this could affect the outcome of your escrow and ultimately cause a deal to fall apart.
 
The Qualified Mortgage (QM) rule was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. It was finalized by the Consumer Financial Protection Bureau (CFPB) in January 2013, and will take effect on January 10, 2014. This rule was designed to prevent some of the high risk lending practices that caused the housing market to crash.
Here are some of the most important points of this new regulation...

The Risky Business of Owner-Builders

So you want to rebuild your home and you think that you can save some money by being your own contractor? Maybe your unlicensed handyman friend convinced you that they can handle the job. While owner-builder is an option available in Hawaii, it may not always be the best one. Here are some reasons why you might find yourself out a lot of money and could even put your home at risk.

About the Savio Group

Peter B. Savio is President and Chief Executive Officer of the Savio Group of Companies. Peter has more than 40 years experience in real estate development and sales in the Hawaii market; he has been helping his clients realize the maximum return on their real estate investments since he founded Savio Realty Ltd. in 1980.

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A letter from
Peter Savio

 

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Savio Realty Ltd.

Focused in Residential and Commercial real estate across the islands and rental management on the Big Island. With 3 offices and 100+ agents, we can help you buy, sell, or invest in Hawaii real estate. Learn more »

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With more than 30 years of project brokerage in Hawaii, Savio Developments is continuously developing landmark properties throughout Hawaii. Learn more »