Posts Tagged ‘Ping’

Hawaii Shopping Center sells for near 10% return

Recently the Kele Center, located on the island of Maui in the city of Kahalui, sold.  The Shopping center is approximately 14,820-sq. ft. and sold at a price of ,925,000.  Anchored by Denny’s Restaurants, Super Cuts, Rent-A-Center, and Edward Jones, this well-located community center was a great investment for the new owners.  The property is located just outside of the airport and down the road from Borders, Sports Authority, Lowe’s, and Costco.  The property sits on a land area of approximately one acre.  This Hawaii commercial investment will provide a nearly 10% return to the new owners of this property.

 

This is another example of a substantially higher rate of return (CAP Rate) than was achievable by investors just a short 24 months ago.  While it did take a large equity investment in today’s financing environment, the owners will be rewarded for making a move at this time in the marketplace.

 

I believe 2009 and 2010 will be looked at as low points in the Commercial Real Estate cycle for Hawaii.

 

The Pearlridge shopping center and mall is the second largest shopping center in the State of Hawaii.  This property has a great tenant mix and is well suited for the trade area it serves.  Over the years, the owners and management have done a very good job of juggling tenants and providing an environment where tenants can thrive.  The sales per square foot of the center are very high for similar and comparable centers.  The mall is anchored by Macy’s, Sears, and a new Bed, Bath & Beyond store (the first one in Hawaii), as well as numerous restaurants.

 

This shopping center will sell in today’s market.  It is located on a ground lease that will deter some investors in the marketplace because of the potential uncertainties of the long-term land tenure.

 

The past success of the center, the current tenant mix, and the strong, stable performance will attract a new owner to this property.

 

It is likely that that owner will reinvest in the property, as its last major renovation was over a decade ago.

 

With the lack of capital in the marketplace we expect that the buyer will demand a high rate of return and feel that at this low point in the market it will be rewarded handsomely.

 

The Famous Mountains Of Whistler In British Columbia

Whistler in British Columbia was founded as a ski resort in the early 1960′s and in 1975 it became Canada’s first ‘Resort Municipality’. This supreme year-round destination resort is around two hours drive from Vancouver, British Columbia.


Whistler is not just for skiing, it is best for a wide variety of summer and winter activities. You can enjoy endless choice in dining, shopping and nightlife in British Columbia’s Coast Mountains.


The incredible downhill skiing at Whistler Mountains in winter season made the place world famous. Lot of people around the world visit the mountains of Whistler to enjoy their vacations with fun filled activities. Apart from downhill ski facilities, winter visitors can enjoy cross-country skiing, ice skating, heli-skiing, snowmobiling, dog-sledding, sleigh-riding and a host of other winter recreational activities.


Same as in winter, visitors can enjoy a wide variety of activities in the summer season also. You can enjoy world-class golf, mountain top sightseeing , mountain biking, in-line skating, hiking, horseback riding, canoeing, sightseeing, kayaking, fishing, and glacier skiing in the summer season.


Whistler is considered as one of the top bike towns in North America. Pedestrian village, situated at the base of Whistler and Blackcomb Mountains, is one of the major places of attraction. Whistler Village and the adjacent Upper Village which are designed in distinctive mountain resort architecture will be an excellent place to stay for visitors.


Mountains and a huge variety of first class restaurants and distinctive shops are easily accessible from Whistler Village and Upper Village. The surrounding valley is blessed with several parks with boat launches, beaches, picnic areas and hiking trails. There are five beautiful lakes, several creeks and rivers with kilometers of conventional trails for hiker, bikers and inline skaters.


The two mountains in Whistler have over 8,100 skiable terrain, one vertical mile, more than 200 trails, three glaciers, twelve alpine bowls and 38 lifts. Over two millions of tourists visit Whistler Blackcomb, the top ski and snowboard resort in North America, annually. It gets an average of ten meters of snow annually.


As it is situated only 40 kilometers inland from the Pacific Ocean, Whistler enjoys moderate temperatures. Most of the people visit Whistler in summer than in the winter season. Golfing, hiking, mountain biking, canoeing and swimming are only a few of the admired summer activities offered in the Whistler area.


Garibaldi Lift Company opened a ski area on the wester side of the Whistler Mountain in February 1966. In 1980, Blackcomb Mountain opened a brand new facility named Whistler Village to complement Whistler Mountain. It was designed by leading architects, planners and landscape professionals from North America. The design of the village highlights outstanding sun exposure and breathtaking views.


A wonderful array of accommodation is available through out Whistler. You can choose your favourite form luxurious mountain chalets to economical hotels. You can also book your accommodation online or with the help of any travel consultants.


During the summer season you can enjoy a sunrise or mid-day ATV tours on Whistler mountain. There are several service providers who are conducting ATV tours. You can contact any one of them to have an ATV tour. Snow-capped peaks, Alpine forests, and indigenous wildlife are just some of the wonders you experience during hiking and walking trails in Whistler.


Heli-hiking is best for experienced explorers. You can hike across rolling meadows against a background of magnificent mountain views. Altogether your trip to Whistler will be a memorable one in your lifetime.


Presently, there is over 9000 permanent residents in Whistler. Whistler has the best ski-in/ski-out accommodation when compared to other recreation resorts in North America. Whistler is home to over 100 hotels and condominiums and bed & breakfasts with more than 4000 well-furnished rooms.


Whistler and Blackcomb Mountains jointly boast 200 runs and 33 lifts and the greatest vertical drop in the continent. Most of the travelers visit whistler with either riding or skiing in mind. Apart from that there are a number of other activities to complement days on the mountain.


People of all ages can enjoy activities such as ice climbing, snowshoeing, snowmobiling, dog sledding and even sightseeing. Be there in the mountains of Whistler this winter/summer and enjoy your vacation. Make sure that you will be here for you next vacation.

Five Reasons Why You Need Sixsixone Cycling Gloves

Serious about cycling? Then you must pay attention to the little details – like having a good pair of cycling gloves. Why are cycling gloves so important? Here are five reasons.

Reason 1: Protect from sunlight.

Reason 2: More energy efficient.

Reason 3: Higher level of comfort.

Reason 4: Prevent slipping.

Reason 5: Cushion impact when the bike crashes.

Reason 1: Protect from sunlight.

For those who ride frequently in the hot sun, a good pair of gloves is a must. The gloves protect the skin on the hands from over exposure to the sun, which can damage the skin. If you ride regularly for training or commuting purposes, do wear a pair of gloves to protect the skin on your hands.

Reason 2: More energy efficient.

It has been proven that a good pair of cycling gloves can lead to a more efficient ride. The gloves help you to hold on to the handle bars, so you don’t have to expend extra energy during the ride. Over long distances, gloves have the greatest impact on your overall speed. Good cycling gloves also help to regulate the temperature of your hands.

Reason 3: Higher level of comfort.

There is no debate – riding with gloves is definitely more comfortable than riding without gloves. The gloves shield the harsh environment elements like wind, dust and sun and provides a better grip. The grip is very important, as you shall see why.

Reason 4: Prevent slipping.

This is about safety, so there should be no compromise. Some riders have sweaty palms. Their hands tend to become very wet after a short ride. For these people, gloves are mandatory for their own safety. But even for the average rider, sweat can roll from the fore arms down to the hands, which can cause the same problems. Wet hands mean that you can’t grab the handlebars or brakes in a proper manner, and that can be dangerous.

Reason 5: Cushion impact when the bike crashes.

When a bike crashes, the hands are usually used to slow down the momentum of the body. That means sacrificing the skin if you are not wearing gloves. The hands will become covered with blood if you happen to hit the asphalt. Cycling gloves come with light padding. The padding isn’t really there to cushion impact when a bike crashes. It’s primary function is to provide comfort. However, few riders fail to realize this side benefit.

Usually, when a bike crashes, the rider goes down really hard. Think of the gloves as an added layer of skin. With the gloves on, this added layer will be destroyed first when the crash occurs. This usually leads to just slight bruises on the hands.

It doesn’t matter if you are a leisure rider, an amateur rider, or a pro rider. Riding without gloves would be complacent for it compromises your own safety. Ride safe with good cycling gloves!