Ditched First Magnus space contributes to Honolulu vacancy increase
10/19/2007 04:00 PM csmythe
Hot real estate market Honolulu is seeing vacancy increases in office space, the Honolulu Star-Bulletin reported today.
The story says that the reason is partly the problems of various mortgage lenders, including Tucson-based First Magnus Financial Corp.
First Magnus, now liquidating itself through bankruptcy proceedings, had a 5,000-square-foot office in Honolulu, the article says. The company has rejected the leases for all of its branch offices, which were in all 50 states.
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