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Camp's remarks followed the blessing of Modea, the company's reuse project that will turn part of the 22-story Davies Pacific Center into a fee-simple condominium with 352 units.
The Harbor View Plaza building is a residential condominium building in the Waikiki precinct of Honolulu, Hawai'i. It was constructed from c. 1965–1968, designed by architect Edwin L. Bauer in a blend of Tropical Modern and Postmodern architectural styles, and built by Dillingham Development, [3] a prolific construction company known for many notable buildings in the vicinity.
The rights of the fee-simple owner are limited by government powers of taxation, compulsory purchase, police power, and escheat, and may also be limited further by certain encumbrances or conditions in the deed, such as, for example, a condition that required the land to be used as a public park, with a reversion interest in the grantor if the ...
Condo hotels units are fee simple deeded real estate, and can be bought and sold like other forms of real estate. Because of the lack of resale data available for many of the emerging markets where pre-construction condo hotels can be found, experts heed caution when considering a condo hotel purchase for investment purposes alone. [6]
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The remainder of the building had been converted to 575 individually owned residential condos and 80 time-share units. [8] In 2009, the 203 hotel rooms remaining in the Ilikai, which was facing foreclosure, were acquired by New York-based iStar Financial, which brought in Honolulu-based Aqua-Aston Hospitality to manage the property. [4]
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