Hawaii investor buys second Waikiki apartment property

The Hawaii investor who recently closed on the purchase of the fee-simple ground lease beneath the leasehold Laniakea Apartments in Waikiki also bought the High Tide Apartments, a small multifamily building next door, last month for $3 million. High Tide Dragon LLC, which is owned by investor Carlton Kusunoki, closed on the purchase of the fee-simple building at 403 Hobron Lane, which is divided into 12 condominium units, on July 17, according to public records. The seller was Marimo Co. Ltd., which…