From The Pacific Business News: Judge ok’s Ilikai Foreclosure
A Honolulu judge on Wednesday granted a New York bank’s request to foreclose on the units at the Ilikai that are held by developer Brian Anderson.
In granting summary judgement to iStar Financial(ticker:SFI), 1st Circuit Court Judge Karen N. Blondin set in motion a process that will put the residential and commercial units that Anderson’s Anekona Islander owns at the Waikiki hotel-condominium up for sale, possibly at a public auction.
Blondin’s next step is to appoint a commissioner to sell the property.
