Honolulu, HI
CBRE Advised on Sale of Two Properties in Honolulu’s Ala Moana Transit Oriented Development Area
September 18, 2025
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CBRE’s Matthew Bittick and Matthew McKeever advised the seller.
“These transactions are a testament to the depth and strength of the market for well-located properties within Hawaii’s most sought-after development zones. The properties are ideal for high-density affordable housing with the ability to build upwards of 900,000 square feet,” says Bittick, senior vice president at CBRE.
Both lots are zoned for mixed use; 1302 Elm Street is 41,307 square feet and 824 Sheridan St is 38,060 square feet.
The properties are also walking distance to public transit, major retail amenities, employers and the University of Hawaii.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.