July 20th, 2010
We are pleased to announce the listing of 3190 South Kihei Road. This 31,000 square foot vacant lot sits on the finest part of world-famous Keawakapu Beach. It has been thoroughly prepared and approvals are in place for a 7300 square foot home. This lot truly is the last of its kind and is the finest beachfront lot available on Maui. http://www.mauibeachfrontlot.com/
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July 20th, 2010
In a confirmation hearing held last week in Wailuku the first mortgage holders, led by Wells Fargo as trustee, won fee simple ownership of the Makena Resort. In effect the group agreed to pay itself $95 million. What this really does is simplify the entire situation surrounding the Resort. Either the owners can sell it, sell pieces or develop it themselves. This is the beginning, not the end of the story.
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July 19th, 2010
U.S. mortgage rates dropped in the past week, with 30-year fixed-rate loans tumbling to their lowest level in 39 years, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company…Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.69 percent for the week ended June 24.
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