Stewart Yerton
Stewart Yerton is a senior reporter who covers business and the economy for Honolulu Civil Beat, with a strong focus on how real estate, regulation and major industries shape everyday life. His recent work on property markets and housing looks beyond transactions to the rules, power imbalances and economic forces that determine who benefits and who is exposed. He connects complex policy debates on tourism, energy and health care to concrete impacts on tenants, homeowners, small businesses and consumers.
Hawaii’s changing economy through real estate and housing
Real estate and housing are central threads in Yerton’s business coverage, often framed as public-interest stories rather than market reports. In one recent investigation, he reported on a luxury real estate broker who had sex with his assistant in homes he was selling, examining misconduct inside a high-end segment of the property market and its implications for workplace safety and client trust.
He also covers the structural side of housing, including how state policies and legal frameworks affect tenants’ security.
In a piece on why Hawaiʻi tenants can be left out to dry by the state, Yerton explores gaps in protections that can leave renters vulnerable when disputes arise, focusing on how the system functions in practice rather than in theory. His reporting on condos in Hawaii is cited in a Civil Beat explainer video that notes residents can face legal fees in the thousands over relatively minor disputes, and highlights the insurance challenges some owners encounter.
These stories show him treating real estate as a lens on consumer risk, legal exposure and the costs of living in multi-unit properties.
Yerton’s coverage of downtown property issues extends that perspective to commercial real estate and small business survival. In a story on whether a new tax can save downtown Honolulu’s small businesses, he details a proposed fee on downtown properties that would fund security, litter removal, graffiti cleanup and pressure-washing crews for public spaces. He lays out how the measure would work for property owners and how it is meant to stabilize what was once a bustling commercial center, again tying property policy to the fortunes of small businesses and the character of urban space.
Tourism’s tipping point and its impact on property and business
Tourism is another major pillar of Yerton’s beat, approached as Hawaii’s largest industry with deep ties to land use, public resources and resident sentiment. His work in the “Tourism’s Tipping Point” project examines how the growing number of visitors pressures communities and prompts government leaders to rethink how the industry is managed. In reporting on legislative proposals to end or fundamentally reshape the Hawaii Tourism Authority, he explains bills that would dissolve the authority or convert it into destination management agencies, focusing on governance structures and their implications for oversight of tourism-related spending and policy.
Yerton reports in detail on efforts to pivot from traditional promotional tourism to models branded as “regenerative” or “mindful” travel.
In a story asking whether farm tours, bird-watchers and storytellers can save Hawaii tourism, he examines ideas that connect visitors with small local artists, makers and regular residents as part of a more community-centered visitor economy. In another piece, he covers Hawaii tourism officials’ push for “mindful, respectful and high-value travelers,” breaking down tens of millions of dollars in requested state funding for branding, education and global marketing, and the metrics - such as per-visitor spending, visitor satisfaction and resident sentiment - that officials say will measure success. Across these articles, he consistently links abstract concepts like destination management and branding strategy to specific line items, program designs and measurable outcomes.
Energy, utilities and the cost of living
Energy and utilities form a third strand of Yerton’s focus on Hawaii’s changing economy, with particular attention to the long-term costs households and businesses will face. In coverage of a University of Hawaiʻi Economic Research Organization report, he reports that building more solar farms with battery storage is described as the most cost-effective way to power Oʻahu as the state transitions to 100% renewable energy.
He lays out how lowering regulatory burdens and “soft costs” so solar development expenses match mainland levels could save Oʻahu customers $3.4 billion between 2027 and 2050, translating policy choices into concrete ratepayer savings.
Earlier, in a story on the Hawaii governor’s race, Yerton highlights clear differences on energy policy between candidates, treating energy not as a technical niche but as a central campaign issue with economic and environmental stakes. His reporting in the Hawaii’s Changing Economy series also extends to health care, including an examination of an HMSA proposal that could bring radical transformation to Hawaii’s health care system, underscoring how changes in insurer strategy may reshape the delivery and financing of care. These pieces show him using energy and health care coverage to track how infrastructure and institutional reforms feed into the broader cost of living.
Law, regulation and accountability in business
Across topics, Yerton’s work is marked by close attention to law, regulation and accountability within public agencies and corporate actors. In a story about a city lawyer who cited a fake law in a civil rights case, he describes how a state judge refrained from sanctions but issued a clear warning about the use of AI-generated legal citations in court filings, emphasizing the expectations and potential penalties for government attorneys. His coverage explains not just the incident but the wider message the judge wanted delivered to the city’s legal office about professional standards in an era of new technology.
That instinct to follow rules and systems rather than surface narratives runs through his business reporting.
His examination of the proposed downtown property fee zeroes in on how the City Council plans to structure the charge, who would pay, and how the money would be used for specific services, providing clarity on the mechanics of a public-private initiative. In the Hawaii’s Changing Economy archive, multiple stories by Yerton explore how policy shifts - from health care proposals to tourism governance changes - could reallocate power among agencies, boards and commissions, and what that means for businesses and residents who operate under those frameworks.
Beyond his reporting, he has spent more than a decade covering business and the economy at other publications, experience that informs his ability to trace complex systems where no one is issuing a press release. At Civil Beat, he also works with summer interns in the newsroom, indicating a role in shaping emerging reporters’ approach to public affairs and business coverage.
Altogether, his body of work presents business and real estate as deeply intertwined with policy, law and community wellbeing, making his stories a consistent resource for understanding how economic change is playing out on the ground.
4 more real estate journalists.
Aaron Elstein
Aaron Elstein brings a Wall Street reporter’s eye to commercial real estate. He is a senior reporter at Crain’s New York Business, where he covers large office towers, Midtown corridors, landlords, lenders, investors and regulators. His reporting shows how ownership decisions, bank balance sheets, capital markets and regulation shape property values and risk. He also covers banking, finance and Wall Street, including bank mergers and investment firms. Before joining Crain’s in 2003, he wrote Heard on the Street columns for The Wall Street Journal and covered bank mergers for American Banker. Elstein reports by closely reading footnotes, contracts, regulatory filings and legal documents. His investigative work has examined executive payments, pension funds, tax enforcement and tenant harassment. His coverage places deals, disputes and enforcement actions within broader financial and property cycles.
Aaron Moselle
Aaron Moselle covers housing and community development for WHYY’s PlanPhilly, filing for radio and the web. He stands out for connecting market data and government action to displacement, affordable homes, and the daily questions facing renters and homeowners. His core beat is housing affordability and market strain, including high mortgage rates, rising prices, tax assessments, and what they mean for buyers, sellers, and renters. He also reports on preserving and creating affordable housing, neighborhood rehab efforts, major real estate deals, and the effect of property sales on residents. His work often uses direct sourcing, plain language, and service journalism to make policy and finance clear.
Aarthi Swaminathan
Aarthi Swaminathan is a personal finance reporter at MarketWatch whose distinctive beat connects residential real estate with household budgets. She covers housing prices, affordability, mortgage rates, financing, insurance, remodeling and the costs of owning a home. Her reporting examines overvalued and fast-rising markets, ZIP-code trends, second-home sellers, builders, developers and buyers facing higher borrowing costs. She also follows Gen Z buyers, owners trapped in weakening condo markets and neighborhood conflicts over development. Her work pairs data-driven housing analysis with detailed case studies of buyers, owners and sellers. She explains complex market data in clear, accessible language and writes news features, personal-finance explainers, Economic Report stories, The Big Move and New American Playbook. She won a silver award for Best Collection of Work by an Individual Covering Residential Real Estate.
Abbey Ferguson
Abbey Ferguson stands out for reporting how major commercial moves and redevelopment plans reshape the built environment, especially the real estate deals that reveal what land and retail space are worth. She covers Central Texas commercial real estate and development for KWTX, with recent stories on land valuation, major transactions, retail redevelopment, and infrastructure planning. Her work has tracked an $80 million data center site offer in Hill County, a prospective Trader Joe’s location in Waco, and a planning project using artificial intelligence to predict traffic patterns. She writes as a news reporter, staying close to the numbers, public records, brokers, officials, and landowners. Her stories turn contract prices, appraisal data, and listing history into plain explanations of what buyers are betting on and how those deals affect surrounding property owners and nearby businesses.