Special Report: Hawaii shopping centers with loan balances bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
kcerizo@mauinews.com
Amyâs Hallmark Shop, known for its wide selection of greeting cards, gifts and Christmas ornaments, is closing May 25. Itâs the only Hallmark location on Maui and the latest store at the financially struggling Queen Kaâahumanu Center to fold. The Maui News / MATTHEW THAYER photo
KAHULUI After more than four decades in Kahului, Hallmark Cards Inc. is closing its sole Maui location at Queen Ka’ahumanu Center.
Amy’s Hallmark Shop, a retail chain specializing in greeting cards, wrapping paper, ornaments and gifts, is offering discounts of up to 50 percent off certain items ahead of its May 25 closure.
kcerizo@mauinews.com
Queen Kaâahumanu Center, Mauiâs main mall that includes anchors Macyâs, Sears and Foodland, is facing a foreclosure lawsuit after defaulting last year on a multimillion-dollar loan. However, a representative for the owners on Thursday expressed optimism about the mallâs future.
The Maui News / KEHAULANI CERIZO photo
KAHULUI Despite facing a foreclosure lawsuit after defaulting on a massive loan, Queen Ka’ahumanu Center owners through a representative expressed optimism about the future of Maui’s main mall.
Lender U.S. Bank filed for foreclosure on the Kahului shopping center on Nov. 12, alleging owner QKC Maui Owner LLC defaulted in June, according to 2nd Circuit Court documents. The lender said nearly $87.5 million was owed on the loan as of Oct. 14.
Lenders move to foreclose on Maui, Hawaii Island retail centers bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.