Moana Vista Gets New Developer

Honolulu, Hawaii - September 28, 2009 - Work is expected to resume on a major Honolulu condominium project that went into foreclosure earlier this year when construction was halted by the world financial crisis late last year.

OliverMcMillan (OM), headquartered in San Diego, CA, has closed on the purchase of the $29.5 million lien with general contractor Hawaiian Dredging and Construction Co. who initiated a foreclosure action in April. This was the first step in completing the transaction to purchase the Moana Vista stalled condominium project in Kaka'ako...