REAL ESTATE: Hawaiian Building Fever

In Hawaii last week tourists were telling the story of a woman visitor awakened by noises outside her hotel window. When she complained to the manager that "I didn't come to Hawaii to get a room next to a pile driver," he replied: "Madam, nowadays all the rooms in Honolulu are next to pile drivers."

From the ranch lands of outlying islands, where orchids grow wild, to the cool, pastel-colored balconies of new buildings on famed Waikiki Beach, a frenetic building boom of houses, shopping centers and hotels is under way in Hawaii....

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