Shimogawa Scoops

The billionaire German co-founder of Sun Microsystems and early investor of Google has purchased a Hawaii estate in the ultra-exclusive Hualalai Resort totaling a little more than an acre for $14.2 million, Shimogawa Scoops has learned. Andreas “Andy” Bechtolsheim, who has a net worth of more than $7 billion, purchased a 6,298-square-foot mansion that includes three-bedrooms and 5.5-bathrooms that occupies a 1.37-acre parcel on the Big Island. Built in 2014, the entire property has a total assessed value of about $8.2 million, public records show. The Silicon Valley tech titan is the chairman and co-founder of Arista Networks, a Silicon Valley company that sells cloud networking services to such big-name clients as Microsoft. Bechtolsheim is notoriously known for giving Google founders Sergey Brin and Larry Page their first round of funding in 1998 before the dynamic duo had even incorporated the famous tech giant.

Macy’s has sold its seven-acre distribution warehouse property in the Campbell Industrial Park in West Oahu to a San Francisco real estate investment company for $26.75 million, Shimogawa Scoops has learned. Located at 91-262 Oihana St. in Kapolei, the property, which includes a 162,923-square-foot building, was sold to Graymark Capital, which also owns the Waipio Business Center in Waipahu in Central Oahu. The purchase comes out to $84.69 per square foot on the land and $164.19 per square foot on the building. Graymark said it purchased the property at about 66 percent replacement cost through a sale/leaseback to Macy’s for 10 years at 52 percent on the square footage. The firm plans to collect credit protected cashflows and increase rents to market upon expiration of the lease. Graymark, which focuses on the San Francisco, Silicon Valley, Los Angeles, Orange County, San Diego, Portland, Seattle and Hawaii markets, acquires and manages institutional-quality commercial...

The Surfing Pig, a new restaurant and bar by the owner of the famous Kono’s restaurant chain, is opening in the former The Edge by Tamura’s space along Waialae Avenue in the Honolulu neighborhood of Kaimuki. The Surfing Pig, which is in the process of being registered as a trade name with state regulators, is a first for Kono’s, which does not have a bar in any of its restaurants across Oahu. Kono’s currently has three locations on Oahu, one in Haleiwa on the North Shore, on Kapahulu Avenue near Waikiki and in Kailua on the windward side. Its new Kaimuki space has been a revolving door of restaurants by some big-name chefs and industry veterans, including Chef Lee Anne Wong’s Hale Ohuna, Salt Kitchen, Avenue’s Bar + Eatery and The Edge. The Surfing Pig is expected to open sometime this year. Kono's is widely known for its tasty kalua pork-filled burritos.