Not on JW.ORG : Another Watchtower Society property closed and sold.

by Balaamsass2 27 Replies latest social current

  • Balaamsass2

    Jul 22, 2014, 2:09pm HST

    Longs Drugs to open new store in East Honolulu near Aina Haina Shopping Center

    Longs Drugs Bishop St 012414 Enlarge Photo PBN File

    Longs Drugs, which opened this store in the Davies Pacific Center in Downtown Honolulu last summer, plans to open another location in East Honolulu near the Aina Haina Shopping Center.

    Duane Shimogawa
    Reporter-Pacific Business News
    Email | Google+ | Twitter | LinkedIn

    Longs Drugs has purchased property for $7.6 million from the Jehovah’s Witnesses for a new store and pharmacy in East Honolulu near the Aina Haina Shopping Center, the broker who represented the seller told PBN.

    Rhode Island-based CVS Caremark Corp.(NYSE: CVS), which owns the Longs Drugs chain in Hawaii, and KZ DevCo, the California-based company that serves as the drugstore chain's exclusive developer in the State of Hawaii, recently pulled building permits for the 1.4-acre property at 5156 Kalanianaole Highway, which was at one time was home to the popular Ranch House restaurant.

    A CVS/Longs spokesman did not immediately return a message left by PBN.

    The fee-simple property, which includes a two-story, 24,200-square-foot building, the former current home to the Jehovah’s Witnesses, and a 2,279-square-foot building, the former home to a veterinarian clinic, had been on the market since the summer of 2012.

    Mark Bratton , vice president of investment properties for Colliers International Hawaii, who represented the seller, told PBN that the Jehovah’s Witnesses sold the property because they need a smaller location closer to where their members live.

    The property was one of the few fee-simple commercially-zoned properties located within the Aina Haina and Hawaii Kai neighborhoods, which has about 150,000 square feet of office space and approximately 783,000 square feet of retail space in the trade area, Colliers said.

    With this limited inventory of commercial-zoned properties in the area, property sales are few and far between, according to Colliers, which noted that the nearby Aina Haina Shopping Center was sold in 2007, making it the last commercial property sale within that area.

    CVS opened its newest Hawaii Longs Drugs store in May in Makiki, which was its first new full-service store in urban Honolulu in years.

    Longs Drugs, which has operated in Hawaii since 1954, currently has 54 locations in the state. The Aina Haina neighborhood has longed for a drugstore chain to open in the area. Both Walgreens and Longs have stores in Hawaii Kai about four miles away.

    Duane Shimogawa covers energy, real estate and economic development for Pacific Business News
  • Ocean1111

    Well if we take the 500 million or so, the JW land asset sales of the last four years in the US, and project that globally (and include other investment assets) it could be feasible Bethel is liquidating a billion or more in assets. Maybe even a couple billion. Of course this is odd behavior. Building an expectation in JWs for an "early end of the world", yet building a couple new HQ's, is also odd, now JWs have no actual HQ. So no one knows what the racketeers are really doing at Bethel, but it doesn't look good given the meager JW growth and contraction actually taking place.

    They are milking JWs for every last personal and congregational dime as if they are a 15% growth rate. In fact Bethel could be at -3% growth and could still extend this illusion as needed as long as possible to fleece the JW system to the bone in the process. It looks like a coup about to go into the final phase, because it certainly is not the "end of the world", world government projections are still a good ten years out from the international planners own information.

    It appears Bethel plans to coup Bethel, and sell that to JWs as "the attack on Babylon the Great", by "the Assyrian" "new" "King North", or whatever decoy is needed to cover up what is really just a multi-billion dollar corporate engineered implosion. In fact Bethel's JW "self fulfilling prophecy", that is the big expectations and impression they have installed into the mass JW brain, gives us the basic menu of the coup outline of objectives.

    For example Bethel is already telling JWs "the preaching work will end". So as the Bethel corps go into seizure, Bethel's own leaders can call off the JW ministry to effectively abort the whole ministry, and it's resource base, as the world simply plods along as usual to global tribulation, resolution (Matt24:29), and world government, as in the three former world war cycles including the Cold War. All the basic final formula is already present in the overall development, JWs are an integral "rock in the shoe" set for an attempted "removal" globally, by deconstructing the Bethel "house of cards" first.

    In the process JWs will believe Bible prophecy is what is fulfilling, but it will just be the Bethel "self fulfilling prophecy" of it's own end. It will take a few years for JWs to figure out they just got burned by their own "trusted leaders", the main Bethel leading conmen of the operation.

  • LostGeneration

    Ocean, are you familiar with the works of OBVES and lars?

  • Ocean1111


  • yadda yadda 2
    yadda yadda 2

    Its nothing but standard global corporate cost/benefit analysis and resultant strategic rationalisation/cost-cutting. Your pseudo-prophetic interpretation of it is just so much balderdash.

  • Julia Orwell
    Julia Orwell

    So something built at minimal cost with free labour and then sold years later at a ridiculous profit is a highly lucrative investment. Watchtower wins.

  • JWdaughter

    Good news! The JWs need a "smaller location". Wonder what happened to all the folks that built the property that was too big?

  • Listener

    I wonder how many JWs know the extent of these sales. This is another area shere the organization is very secretive, there should be no reason why they don't publish this information of their website, there must be good reasons as to why they don't do this, knowing that they are doing something underhanded may be just one of the reasons.


    There are no well-informed cult members that I know, except for Tom Cruise and the GB and they are on top. Also, aren't all the buildings specifically chosen by Jeehoober to help the dubs after the Big A?? If the WTBTS sells off the property in Hawaii, how will the dubs get spiritual direction from the branch?? Is Jeehoober planning on sinking Hawaii?

    Perhaps all the dubs in Hawaii will be asked to make a pilgrimage to Warwick/JW Mecca?? That would certainly make no sense from a human standpoint. LOL!!!!


  • OnTheWayOut

    So another example of how WTS is more like the McDonald's corporation than like a church.

    Buy real estate and hold it, make the franchise holder pay for it (the local JW's), then sell it when the value skyrockets and relocate the franchise to cheaper property, make the franchise holders pay for all that.

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