Douglas Emmett completes expansion of Honolulu apartment complex


Douglas Emmett Inc. on Thursday blessed its addition of four new towers with nearly 500 workforce units to the Moanalua Hillside Apartments complex in Honolulu.

Mayor Kirk Caldwell and representatives from the four Hawaii banks that had formed a hui to finance the $120 million project — American Savings Bank, Bank of Hawaii, Central Pacific Bank and First Hawaiian bank — joined officials from Douglas Emmett (NYSE: DEI) at the blessing beside a new pool situated between two of the new towers…

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