JL Capital is a real estate and private equity firm committed to Hawaii’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 owns 10 properties for adaptive reuse and 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, igniting the organic growth of a work-play-live neighborhood.
JL Capital has the income to allow for flexibility in its timing of development.


JL Capital is the majority owner and developer of Sky Ala Moana, an exciting two-tower development project, consisting of 474 residential units, which include 84 affordable for-sale residences; a 300-room hotel; and commercial spaces.


JL Capital is currently planning a mixed-use tower for this parcel. Current tenants of this income-producing property will continue their operations for at least the full lease agreement term.

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.

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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Norm Chan

Chief Financial Officer

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Chris Loo

Director of Operations

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Chan Hee Yi

Accounting Manager

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Rosalei Rankin

Assistant Sales Manager & Project Administrator

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Sydney Jung

Project Manager

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The Aloha Spirit is our guiding force and at JL Capital, we take to heart its meaning of kindness, respect, humility, perseverance and harmony. We are part of the community that supports us, and we support the community.

We have enormous gratitude for our first responders, healthcare workers and everyday heroes who have been contributing to Hawaii’s safety and providing essential services under this COVID-19 veil. Our financial support has been directed at frontline workers at Straub and Kapiolani Medical Centers and those organizations who assist needy families, children and kapuna particularly in the urban Honolulu area.

Contact Us

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

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