Formed in 2017, JL Capital is a real estate and private equity firm committed to Hawai’i’s future by investing in and developing sustainable urban communities that provide new jobs, new housing and build strong economic assets for the community.


JL Capital and its related companies currently own and manage 12 properties for adaptive reuse and potential redevelopment along the Kapiolani Corridor. Over the next 10 to 20 years, JL Capital plans to build between 1,800-2,000 housing units, consisting of residential, hospitality, and mixed-use commercial space, supporting its vision for organic growth of a work-play-live neighborhood.


JL Capital is the majority owner and developer of Sky Ala Moana, a two-tower defining development project for the area, consisting of 474 residential units, which include 84 affordable for-sale residences; a 300-room hotel; commercial spaces; and an approximately 53,900 square-foot amenity deck designed for modern island living.


Recently approved project rendering. More information coming soon.

1700 KAPIOLANI BLVD (a consolidation of eight parcels)

JL Capital, with its partner, is currently planning to develop a mixed-use tower.


JL Capital is currently planning an adaptive reuse of this income-producing office building, transforming the five-floor building into affordable housing units.


To be built 37, 1 to 3-bedroom affordable rental units.

Our Team

Tim Lee

Chief Executive Officer

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Michael Vachio

Vice President, Construction and Development

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Mark Berkowitz

Vice President, Sales and Development

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Kamna Mishra Upadhyaya

Chief Financial Officer

Jason Noh

Senior Accountant

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Bronson Libed

Director of Construction

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Chan Hee Yi

Accounting Manager

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Rosalei Rankin

Assistant Sales Manager & Project Administrator

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The Aloha Spirit is our guiding force and Hawai’i is our home. At JL Capital, we take to heart its meaning of kindness, respect, humility, perseverance and harmony. We, the people and businesses of Hawai’i, are what define our unique community. A community that supports each other, cares for each other, and is dedicated to developing the strength and prosperity of our island home.

We have enormous gratitude for our first responders, healthcare workers and everyday heroes who have been contributing to Hawai’i’s safety and providing essential services under this COVID-19 veil. JL Capital is honored and grateful to support the frontline workers at Straub and Kapiolani Medical Centers, and organizations who assist needy families, children and kapuna.

Contact Us

1440 Kapiolani Blvd., Suite 1509, Honolulu, HI 96814 > Map

JL Capital is investing in Hawai’i’s future through its various projects in Honolulu’s urban core.