Thoughts and Prayers

To all of those affected by mega-storm Sandy: you are in our thoughts and prayers.

New Faces at Lanikea?

Seeing new faces at Lanikea? A big wave of visitors returns to Hawaii. According to Hawaii Tourism Authority, 2012 is going to be a record year in terms of number of visitors to the islands, which they estimate to be close to 8 million.

Lanikea Association is Sued.... Again

Lanikea Association of Apartment Owners (AOAO) has been sued. AOAO has been named as a co-defendant in a construction defects lawsuit filed by one or more of Lanikea Owners (Nakagawa et al vs. A&B et al). 

Recently all Owners received documents pertaining to the upcoming Annual Meeting of the Association, including the election of Directors, but there was no mention of the lawsuit. Neither the Board of Directors, nor the Property Management, nor Lanikea's Legal Counsel has informed Lanikea Owners about the lawsuit, which is outrageous given the seriousness of the matter and its implications.

Lawsuits against condo associations are material facts affecting all Owners. Besides of legal costs of the litigation, condominium projects with litigation have limited availability of mortgage financing as lenders do not want to lend on condo units in projects with pending lawsuit(s). This has an immediate detrimental effect on property values and marketability of all condo units in such project.

Why is Lanikea Building Inspection Report Kept Secret?

After many years of delays, finally last year Lanikea Board of Directors acted on behalf of the Association of Apartment Owners, and hired, and subsequently paid from Association's funds, Pacific Property Consultants to inspect Lanikea in order to assess the quality of the construction and uncover any potential construction defects and/or deficiencies.

A building survey was sent to Lanikea Owners and physical inspection was conducted at the beginning of the year. The inspection report was prepared and submitted to the Board of Directors in March. In spite of assurances from the President of the Board and various Board members, the report has not been released to all Lanikea Owners.

Why the secrecy? Aren't all Lanikea Owners entitled to know the truth and facts about potential construction defects and/or deficiencies affecting their properties, their equity, and ultimately their pocketbooks?