What do a Texas mortgage firm, Goldman Sachs and Kaanapali’s Whaler’s Village have in common? An $80 million, 10-year fixed loan secured this week for the 100,000-plus square-foot West side shopping center.
Economic downturn or no, the 41-year-old mall is a valuable commodity, being, as a CNBC report puts it, “within walking distance to approximately 5,000 hotel, timeshare and condominium units along Kaanapali Beach.”
General Growth Properties, which owns the center, gave up management of the Queen Kaahumanu Center last year as it began emerging from bankruptcy.
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