Topa Financial Center property sale another sign of evolving downtown [Yahoo! Finance]
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Source: Yahoo! Finance
2 /2 GEORGE F. LEE / GLEE @STARADVERTISER.COM The Topa Financial Center on Bishop Street was acquired Friday by Avalon Group. Christine Camp GEORGE F. LEE / GLEE @STARADVERTISER.COM The Topa Financial Center on Bishop Street was acquired Friday by Avalon Group. Developer Christine Camp said her company's acquisition Friday of Topa Financial Center is just a small part of a larger trend in reimagining “DOHO ”—downtown Honolulu—with its many largely vacant office buildings. “When you have one building, it's a rehab, ” said Camp, president and CEO of the Avalon Group. “When you have several, it's a reimagining of the whole downtown Honolulu. I'm not the only one.” The downtown area has seen a decline in the use of commercial office space, particularly after the start of the COVID-19 pandemic in 2020 when businesses began shifting employees to remote work, and many have never fully returned to their offices. Meanwhile, the Honolulu City Council on Friday unanimously passed Bill
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