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Wrong Peter Savio?

Mr. Peter Savio B.


Hawaiian Island Homes LTD

Direct Phone: (808) ***-****       

Email: p***@***.com

Hawaiian Island Homes LTD

931 University Ave Suite 207

Honolulu, Hawaii 96826

United States

Company Description

Hawaiian Island Homes Ltd. is the real estate brokerage arm of the group of companies that was founded by Peter Savio over 25 years ago. The Savio Group of Companies is best known for its successful condominium conversion and resale of residential, hotel ... more

Find other employees at this company (58)

Background Information

Employment History

Hawaiian Island Homes LTD

Savio Realty , Ltd.

Savio Realty , Ltd.

Principal Broker
Savio Group of Companies

President and Chief Executive Officer
Savio Group of Companies


Savio Realty , Ltd.


Bachelor of Business Administration
Real Estate
University of Hawaii

Web References (37 Total References)

Peter Savio, owner ...

pacific.bizjournals.com [cached]

Peter Savio, owner Hawaiian Island Homes, said, "For neighbor-island kids, Waikiki is a fun place to start a college experience.

Hawaii Real Estate Investors ...

www.pressreleasesharer.com [cached]

Hawaii Real Estate Investors Association proudly presents Peter B. Savio, President and Chief Executive Officer of the Savio Group of Companies as our Thursday, June 7th keynote speaker at the Manoa Grand Ballroom. He will be discussing his view on Understanding of todays real estate market. Peter has more than 30 years experience in real estate development and sales in the Hawaii market. Beginning in 1980, Peter founded Savio Realty, Ltd. and subsequently it is affiliated group of companies. He is well known in the real estate community as a very experienced, savvy and creative real estate investor. One of his most recent acquisitions has been the Pagoda Hotel. Peter has a good understanding of real estate and the Hawaii market in particular. Peter believes in sharing his knowledge of real estate. He is an active educator and has he spoken for Hawaii Real Estate Investors Association many times throughout the years. He has also spoken with other local real estate organizations locally and around the country. His style of education is not only informative and easy to understand but also very entertaining.


www.kycbs.net [cached]


Hawaiian Island Homes, Ltd. 931 University Ave, Ste 305 Honolulu, HI 96826
Fax: 808-946-3225
Email: peters@hihltd.com
This witness is a real estate developer with extensive business relationships with Kamehameha Schools and its subsidiaries. Peter Savio was also a named witness, along with Defendant, in EQ2048.
~ ~ ~
NEW DISCOVERY (04-11-08): Trustee James B. Nicholson was the court-appointed bankruptcy trustee for Defendant's witness, Peter Savio:
Says Savio: "They're malicious. They're vicious.
But in 2001, Savio Inc. filed for Chapter 7 liquidation, and Peter Savio and his wife filed for personal bankruptcy protection. Savio says he was forced into the bankruptcies because CPB gave him just five days to move from his second- floor offices at 931 University Ave. Savio says he had been in a workout plan with a number of lenders after he started experiencing cash- flow problems in the mid-1990s. But CPB forced his hand.
"The only way to stop them was, I had to file for personal bankruptcy. So to save my employees and everything else, I filed for personal bankruptcy - one of the most difficult decisions I've ever had to make. But I was really pissed at Central Pacific Bank for doing that," he says.
"It was tough," he adds. "Basically I lost everything. Lost my house. Lost everything. Had to basically come back from nothing."
Today, Savio is more than back. His real estate company, Hawaiian Island Homes Ltd., lists 2002 gross sales of $177 million. Its office is downstairs in the same building that Savio Inc.'s once was. And the company is No. 27, ahead of CPB Inc. (No. 49), something Savio will rejoice to read. Savio says, "I've decided that my goal is to beat them in the Top 250. … just so we can say, 'Nannynannybooboo!'"
That's not all. "My short- term and my long- term goal is to reform Central Pacific Bank," Savio says. "I think I'm going to buy the bank."
Ann Takiguchi, Central Pacific Financial's communications officer, says, "We made every effort to work with Mr. Savio, and it is unfortunate that he is blaming us for his situation.
Bankruptcy court filings show that Central Pacific Bank claimed that Savio Inc. owed it about $1.5 million when Savio filed for bankruptcy in 2001.
Says Savio: "We're going to set up a new holding company called, 'I Hate CPB.' No, my attorney said I couldn't do that. I have a warped sense of humor, OK? But anyway, the new holding company is going to be Ohia Holdings."
Knowing Savio, there is marked symbolism in that choice.
"The appropriation is positive, but there's still no agreement on price," said Peter Savio, agent representing the family, and owner of Palmyra Development and Savio Realty....
"The family is excited about the sale and sad at the same time," said Peter Savio, who represented Fullard-Leo family in the sale.
Bankrupt protected and Corrupt Hawaii Realtor/Developer/Investor/and Con Artist, Peter Savio, (Hawaiian Island Homes Ltd), associated to the defrauded Kamemeha Schools / Bishop Estate Trust and owner of the Leasehold Palmyra Island (1990 to 2065) in the Marianna Islands helps "broker" a secret deal between Native Hawaiians and Private family interests with the nonprofit Nature Conservancy (Case Family) for the vested interests for the U.S. Dept. of Interior. The private Hawaii island atoll, Palymra Island, was lost in the Supreme Court decision, by the U.S. Milititary to the private Hawaii family back in 1947 after the end of Japanese hostilities in the South Pacific and the end for World War 11 (Fullard-Leo vs. United States Government).
The Hawaii Governor recently returns immediately from the Philippines, back to Hawaii in January 2006, leaving the rest of the Hawaii promotional delegation behind, and is implicated in the initial Abramoff investigations to return her $4,000 illicit gaming proceeds back to the source in Washington D.C.
After several months of initial investments, by Savio, et al, for surveying, and designing, the subdivision is stopped by the Hawaii County Planning Dept, after repeated documented request for the legal access problem, due to the unknown Executive Order 3117, the unknown suppressed DLNR legal access documents, and the land locking of private fee simple property in lower Puna.
Peter Savio in 2001, files for bankruptcy protection, on three occasions, and soon opens for business, without any public disclosures, under the Hawaiian Island Homes realty firm. He is soon thriving with State and local government officials, exchanging political favoritism and dirty government work for evictions of former plantation workers and elderly retirees, living on prime Hawaiian State lands for future developments.
Savio doesn't want to make a big profit but just help people, such as himself, to make a simple living in Hawaii.....god bless Peter Savio?
Peter Savio is expected to testify as to his business, professional and personal relationships with other parties in interest in this case, in particular, Kamehameha Schools/Bishop Estate and its subsidiaries, including Kamehameha Investment Corporation, Kamehameha Activities Association and Keahou Kona Resort Company; Colbert Matsumoto; Robert J. Faris; Bob Lindsey; Mary Lou Woo, Joanne Mucha; Judith Neustadter Fuqua; Maui Planning Commission; Hawaii County Planning Department; Hawaii Land Use Commission; Ben Benson; Mark McConaghy; Guy Lam; Keahou-Kona Construction Corp.; Nathan Aipa; Colleen Wong; Louanne Kam; Paul Cathcart; Guido Giacometti; Susan Tius; Parker Ranch; Robert Kihune; Gil Tam; Micah Kane, Department of Hawaiian Homelands; Francis Keala; Ronald Libkuman; Constance Lau; American Savings Bank; Diane Plotts; Christopher Hemmeter; Hawaii Island Homes; Judith Flanders; Campbell Estate; Jack Abramoff; Henry Paulson, Jr.; The Nature Conservancy; Anders Frank Lyons; Faye Kurre

Avalon Group - News and Media

www.avalonhi.com [cached]

Peter Savio, president of Hawaiian Island Homes Ltd., recently bought the six-story Kakaako Commerce Center at 875 Waimanu St. to offer as warehouse and condominium units.

He will be making a minimal investment of at least $1 million into the property, and will offer the units to current users at about $250 per square foot in February.
"There is definitely a tightening of the market, and it's going to continue to tighten," said Savio. "I think demand is going to remain strong. The problem is the cost of building and land is great, so to try to build a new warehouse on a speculative nature becomes more difficult because you have to have higher rents."
Savio, however, said he remains confident that the local economy will outperform the national economy. He is looking for other industrial properties to convert to condos.
"Our basics are very solid and I think we're going to have a pretty good run for another five to 10 years," he said.

At Thursday's Hawaii Real ...

honoluluaunty.com [cached]

At Thursday's Hawaii Real Estate Investors' monthly meeting, Peter Savio of Hawaiian Island Homes, Ltd. gave an educational talk about building wealth with real estate. Peter has been in the business of real estate for 48 years. He is Hawaii's expert when it comes to understanding leasehold properties, and has been successful in a number of complicated and near impossible transactions because of his expertise and ability to think creatively, as well as always giving back with good deals.

However, Peter cautioned, that is not always the case anymore.
Peter actually said he had 9 rules of wealth, but Aunty only wrote down 8. Maybe you have the missing piece, and if so, please send it in the comments section below (I like hearing from you!)
The Q & A period was quite interesting, with Peter speaking about his past, current, and future deals in Hawaii, most of them dealing with complex leasehold issues, of which he really is the king. (Please put out good vibrations in the next few days towards the awarding of sale to Peter for an Iroquois Point deal.)
For investors, Peter said to buy smart and watch the cash flow. If the mortgage interest rates are high, prices go down. He predicts relatively stable real estate prices in Hawaii. He does not foresee the bump up in values even if the Chinese (who now have the money) buy our real estate. The reason he gave?
So Peter asked him to think about it overnight, and imagine if he had $0 in the bank and all his money tied up in property.
The next day, the man came back and said he couldn't sleep well. Peter's suggestion was to put half of his savings ($150,000) into the property, and finance the other half. After a year or so, if he was comfortable with that and wanted to invest again, then use half of the remaining savings ($75,000) as a down payment, and finance the rest. If that is good and he wants to invest again, then use the remaining $75,000 to purchase another property.
The end result would be 3 properties with financing utilizing $300,000 with a happy investor who can sleep at night.
Aunty asked about the banks' limit of 4 mortgages in today's market. Peter never heard of that - which was later clarified by Paul Xavier of HiREI that it only applied to residential loans, not commercial loans.
Uncle came along and was also very impressed with the knowledge and creative approaches that Peter utilized. Add to that Peter's very kolohe (rascal) points of view - sometimes very politically incorrect as we locals can sometimes be - and it is an evening to think back upon with pleasure, appreciation, and a chuckle. Peter's philosophy of taking care of Hawaii, its people, and making a just little profit (not a killing) is admirable, and rare, in business today.
If Peter does get the Iroquois Point deal, he will offer the houses and apartments to the public at below market prices - a once in a lifetime opportunity to own beach front Oahu property. The notices will go out via postcards to those on his mailing list before it hits the news. If you are not on his mailing list, call his Hawaiian Island Homes, Ltd. office at (808) 955-6672, or email danac@hihltd.com and asked to be put on his mailing list.
Aunty is already there, and putting out support for Peter and Hawaii to get Iroquois Point. Beachfront fishing grounds, low to zero lease rent, way below market - Imua!

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