Friday, February 22, 2008
Honolulu Club building fetches $18M
Pacific Business News (Honolulu)
A Hawaii developer and California investors paid $18 million for the Honolulu Club and the building that houses it.
In a deal that closed Thursday, Richard Gushman and Douglas Emmett Inc., a real estate investment trust, bought the popular health club and the 78,298-square-foot building at 932 Ward Ave. from Gold Stone Investment Inc.
PBN reported the impending sale in December. The new owners said at that time that the Honolulu Club would remain in operation.
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