Pinkston’s Hawaii Developments in Bankruptcy | Honolulu News

Hawaii’s real estate developer Gary L. Pinkston, behind major projects like Waikoloa Plaza and Puna Kai Shopping Center, has filed for Chapter 11 bankruptcy to restructure nearly $1.14 million in unsecured debt across multiple entities. The filings cover partially completed developments including Waikoloa Village Lofts and a stalled Holiday Inn Express, with creditors including consultants, insurers, and county tax offices. Pinkston also launched a federal fraud suit against former partners, including his own company Meridian Pacific, adding legal complexity. While Waikoloa Plaza remains a stalled mega-development, a lawsuit with Foodland over its promised supermarket has been settled, clearing the way for construction to proceed — though hotels and other planned amenities are still pending. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/499575c0d7395a24