Qualifications:

• Minimum of 5 years experience in commercial property management and operations
• Minimum of 5 years supervisory experience
• Hawaii Real Estate Licensure and College Degree is required
• Firm understanding of financial analysis and modeling
• Firm understanding of leasing negotiations
• Ability to provide thorough analysis with solution-oriented approach
• Ability to effectively manage and develop team members
• Proficiency in Word, Excel and Outlook is required
• Excellent organizational and operational skills
• Excellent communication skills; both written and verbal
• Detail oriented with ability to multi-task
• Reliable attendance with the ability to thrive in a fast-paced environment with strict deadlines

Submit resume, letter of interest (please specify position and location) & salary requirements to:

Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer

Qualifications:
Ideal candidate will have excellent people, organizational and operational skills. Must be detail oriented and able to communicate effectively, both written and verbal. Must have reliable attendance and have the ability to thrive in a fast-paced environment with strict deadlines. Proficiency in Word, Excel and Outlook is required. 2+ years of business experience, College Degree, and Hawaii Real Estate Licensure is preferred.2+ years of business experience, College Degree, and Hawaii Real Estate Licensure is preferred.

Submit resume, letter of interest (please specify position and location) & salary requirements to:

Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer

When the economic downturn began toppling national retailers, owners of retail property braced themselves for the long-term impact. Now, more than two years after the closings, a picture of that impact is emerging—and it isn’t pretty.

A survey by Colliers International, canvassing 233 of the 1,259 stores closed by the prominent failures of four national big-box retailers in 2008 and 2009, found that 51% of those 233 sites remained vacant as of this month. The rest were leased for rents that averaged 17.9% less than those paid by the previous retail tenants.

The findings by the survey, to be released this week, don’t bode well for a shopping-center industry facing another wave of retailers closing or shrinking stores. Recent bankruptcy filings by Borders Group Inc. and Blockbuster, for instance, added more closings to those in the survey by Circuit City Stores Inc., Linens ‘n Things Inc., Mervyn’s LLC and Gottschalks Inc.

Even retail landlords that are seeing signs of recovery are having to lower rents. For example, in the top 80 U.S. markets, the vacancy rate at big-box centers—typically called power centers—declined to 7% in the first quarter from a high of 7.5% a year earlier, according to real-estate research company Reis Inc. But the average rent in those centers declined in all but one of the past 11 quarters, according to Reis. It now stands at $24.84 a year compared with $26.53 in the second quarter of 2008.

Power centers typically are open-air complexes dominated by big-box retailers, such as Best Buy Co., PetSmart Inc. and Target Corp., as well as others that are closing or shrinking stores, like Borders, Barnes & Noble and Office Depot Inc.

Sacrificing lease rates to maintain occupancy can keep a center’s remaining stores from bolting. But it also saps a property’s cash flow and, subsequently, its value. That can make it harder for the property to cover the expense of its mortgage or refinance it. According to credit-rating company Fitch Inc., 6.9% of securitized mortgages tied to retail properties—more than $8.3 billion of loans—are delinquent by more than 60 days, up from 5.5% a year ago.

Looking on the bright side, Colliers noted that the still-vacant spaces face little competition from newly built centers since retail construction has slowed to a crawl.

“As the universe of retailers starts to pick up on expansion plans, then the remaining [sites] will be a focus,” says Mark Keschl, Colliers’ national director of retail.

But new tenants probably won’t pay the high lease rates that Circuit City and Linens were known for, landlords say. Retailers that have moved into stores vacated by the four defunct retailers include TJX Cos.’ T.J. Maxx and Marshalls, Forever 21 Inc. and Kohl’s Corp.

Colliers even brokered the sale of a former Circuit City site in Houston to a gun-range operator last year.

Half of the 43 stores opened last year by Hhgregg Inc., the Indianapolis-based seller of electronics and appliances, are in former Circuit City locations.

“How good were these rates? Our understanding is that they were phenomenal,” says Brad Thomas, an analyst with KeyBanc Capital Markets. “In some of the markets Hhgregg went into, they got [leases] in the midteens [per square foot] in 2009 when we were seeing rents of $22 to $23 a square foot for those same locations in 2006.”

Even the strongest landlords with high-quality properties can’t avoid taking at least a minor hit to their lease rates. Developers Diversified Realty Corp., which owns or manages 570 shopping centers globally, was among the largest landlords for Circuit City and Linens. When those chains closed, they left DDR with 2.8 million square feet of vacant space.

Since then, DDR has filled roughly 90% of that space, President and Chief Executive Daniel Hurwitz said in an interview this week. Last year, it did so at discounts of 25% to almost 30% from the rates the departing retailers paid. This year, that gap has narrowed to discounts in the mid teen percentages.

For example, DDR said it landed Bed Bath & Beyond Inc. last year to occupy a former, 35,000-square-foot Linens store near Minneapolis at a lease discount of 10% to 11%. Last month, DDR signed Best Buy to move into a former, 38,000-square-foot Circuit City store near Salt Lake City at a similar discount.

DDR has fared better than many peers, Mr. Hurwitz said, because retailers increasingly favor larger, more stable landlords with better located and maintained centers like DDR has.

“Good real estate, good tenancy and quality management will stay leased,” Mr. Hurwitz said. “Distressed real estate will go deeper into distress.”

http://online.wsj.com/article/SB10001424052748704729304576287073903939608.html

Position Overview:
This position provides support to the Property Manager. Responsibilities include but are not limited to: administrative work, tenant/client relations, lease administration, building operations, contracted services, and budget and financial records.

Qualifications:
Ideal candidate will have excellent people, organizational and operational skills. Must be detail oriented and able to communicate effectively, both written and verbal. Must have reliable attendance and have the ability to thrive in a fast-paced environment with strict deadlines. Proficiency in Word, Excel and Outlook is required.

2+ years of business experience, College Degree, and Hawaii Real Estate Licensure is preferred.

Submit resume, letter of interest (please specify position and location) & salary requirements to:

Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer

19th Annual Deaf Santa Celebration. The state’s lone deaf and signing Santa returns to Pearlridge for the only yuletide event of its kind in the islands – and the largest educational opportunity for deaf students statewide. Not only will 120 deaf and hard-of-hearing keiki from around the state share their wishes with Deaf Santa in American Sign Language, the entire tight-knit Deaf community joins in the unique celebration. It’s a heart-warming event that allows deaf keiki to experience something that many of us take for granted. The morning will also feature some of Hawaii’s most prominent deaf and hard-of-hearing performers, as well as student performances in the holiday spirit. Thursday, Dec. 9 from 9 a.m. to noon. Uptown, second level near Sephora.

Pearlridge Express. All aboard the Pearlridge Express! Hawaii’s only scale-model, fully-functioning train will be pulling into the station on Friday, Nov. 19 at 10 a.m. Up to 15 keiki under 48 inches can ride at one time on the custom-built locomotive and enjoy the journey for only $3 per ticket. For even greater value this year, 10-ticket Pearlridge Express coupon booklets may be purchased for only $25 – a savings of $5! Running daily through Jan. 2, the Pearlridge Express will be a sure memory-maker for the whole family. Uptown Center Court. Hours of operation:

• Friday, Nov. 19 through Wednesday, Nov. 24: 10 a.m. to 6 p.m.
• Thursday, Nov. 25 (Thanksgiving): closed
• Friday, Nov. 26 through Thursday, Dec. 23: 9 a.m. to 9 p.m.
• Friday, Dec. 24: 9 a.m. to 6 p.m.
• Saturday, Dec. 25 (Christmas): closed
• Sunday, Dec. 26 through Sunday, Jan. 2: 10 a.m. to 6 p.m.

Extended Shopping Hours. Extended holiday hours begin on Friday, Nov. 26 when Pearlridge will be open from 6 a.m. to 9 p.m. The center will operate on the following holiday schedule through the yule season:

• Friday, Nov. 19 through Wednesday, Nov. 24: 10 a.m. to 6 p.m.
• Thursday, Nov. 25 (Thanksgiving): closed
• Friday, Nov. 26: 6 a.m. to 9 p.m.
• Saturday, Nov. 27 through Thursday, Dec. 9: 9 a.m. to 9 p.m.
• Friday, Dec. 10 through Thursday, Dec. 16: 9 a.m. to 10 p.m.
• Friday, Dec. 17 through Thursday, Dec. 23: 9 a.m. to 11 p.m.
• Friday, Dec. 24: 9 a.m. to 6 p.m.
• Saturday, Dec. 25 (Christmas): closed
• Sunday, Dec. 26: 8 a.m. to 6 p.m.
• Monday, Dec. 27 through Thursday, Dec. 30: 10 a.m. to 9 p.m.
• Friday, Dec. 31 through Jan. 2: 10 a.m. to 6 p.m.

Restaurants and theaters often have their own holiday schedules, and could be open though the center is officially closed. Pearlridge will return to regular center hours on Jan. 2, 2011.

Photos with Santa. Whether you’ve been naughty or nice, come down and tell Santa what’s on your wish list! From Friday, Nov. 26 through Friday, Dec. 24 from 9 a.m. to 2 p.m. and from 3:30 to closing. Photo packages start at $20. Downtown Center Court.

Salvation Army Angel Tree. Pearlridge shoppers can share their aloha for our community by choosing an angel from a Salvation Army Angel Tree and granting the wish of a needy child or a senior citizen who otherwise would not receive any gifts at Christmas. The Angel Tree will be located Uptown, first level between Island Legacy and Starbucks, from Friday, Nov. 26 through Sunday, Dec. 19 during center hours.

ALL IN THE ‘OHANA: FROM KEIKI TO KUPUNA

Keiki Tuesday. Kid-friendly entertainers will delight the whole family at free celebrations each Tuesday (Dec. 7, 14, 21 and 28) from 10:30 a.m. to noon. Bring the keiki for crafts, balloons, storytelling, face-painting, silly songs and more! Uptown, second level.

• Dec. 7: Chris da Clown
• Dec. 14: Mr. Amazing the Magician
• Dec. 21: Oogles·N·Googles
• Dec. 28: Paradise Jugglers

Senior Citizen Information Display. Thursday, Dec. 16 from 9 a.m. to noon. Uptown, second level fronting Satellite City Hall.

FREE MUSICAL ENTERTAINMENT

Keiki Yuletide Music and Hula Series. Nothing is sweeter than the talents of our own island keiki, and the entire Pearlridge ‘ohana looks forward to holiday visits from these youngsters all year long. The harmonies echoing through the center this year will belong to the keiki from the following schools and programs. All performances Uptown, second level.

• Wednesday, Dec. 1 from 5 to 6 p.m.: Pearl City Elementary School Chorus
• Thursday, Dec. 2 from 5 to 6 p.m.: St. Elizabeth School Choir
• Saturday, Dec. 4 from 11 a.m. to noon: August Ahrens Elementary School Music Ensemble
• Saturday, Dec. 4 from 5 to 6 p.m.: Holomua Elementary School’s Performing Arts program
• Saturday, Dec. 4 from 7 to 8 p.m.: Wheeler Elementary School
• Sunday, Dec. 5 from 1 to 2 p.m.: Kaimuki High “Vocalz”
• Sunday, Dec. 5 from 3 to 4 p.m.: Na Leo Hoku Nahenahe Choir
• Tuesday, Dec. 7 from 7 to 8 p.m.: Farrington High School Concert Band
• Wednesday, Dec. 8 from 7 to 8 p.m.: Iliahi Elementary School and Lutheran High School of Hawaii
• Thursday, Dec. 9 from 7 to 8 p.m.: Pearl Harbor Kai Elementary School
• Friday, Dec. 10 from 7 to 8 p.m.: Waiau Elementary School Performing Arts program
• Saturday, Dec. 11 from 11 a.m. to noon: Ewa Elementary School
• Saturday, Dec. 11 from 1 to 2 p.m.: Kalaheo Elementary Sunshine Express
• Saturday, Dec. 11 from 3 to 4 p.m.: PACT with Halawa Youth Choir and Ukulele program
• Saturday, Dec. 11 from 5 to 6 p.m: Lincoln Elementary School Keiki Chorus
• Sunday, Dec. 12 from 5 to 6 p.m.: Pearl Ridge Elementary School
• Monday, Dec. 13 from 5 to 6 p.m.: Our Savior Lutheran School Chorus
• Thursday, Dec. 16 from 7 to 8 p.m.: Na Piki‘i O Na Ali‘i Singers
• Saturday, Dec. 18 from 11 a.m. to noon: Highlands Intermediate School Chorus
• Saturday, Dec. 18 from 5 to 6 p.m.: Kanoelani Elementary School
• Saturday, Dec. 18 from 7 to 8 p.m.: Hawaii Music Works
• Monday, Dec. 20 from 7 to 8 p.m.: The Performing Artist Academy
• Tuesday, Dec. 21 from 7 to 8 p.m.: Nanakuli High and Intermediate School Performing Arts Center

Holiday Hula. Join us as these talented performers present Pearlridge customers with the gift of island dance from Uptown, second level:

• Friday, Dec. 3 from 7 to 8 p.m.: Halau O Hanauna Ku‘u Aloha
• Saturday, Dec. 11 from 5 to 6 p.m.: Na Maka ‘O Pu‘uwai Aloha
• Sunday, Dec. 12 from 3 to 4 p.m.: Na Hula O Kaleiokapualani
• Sunday, Dec. 19 from 5 to 6 p.m.: Halau Hula mai ka Pu‘uwai a ka Mana‘o

HEALTH AND WELLNESS

 St. Francis Hospice Bereavement Walk. Anyone dealing with the loss of a loved one will appreciate the camaraderie that can be found with these supportive individuals. Join a community that understands on the first Wednesday of each month as it walks the center. Wednesday, Dec. 1 from 8 to 9 a.m. Uptown, second level fronting Sephora. 

Pali Momi Healthy Monday Screenings. Blood pressure and blood-sugar level testing will be offered on Monday, Dec. 6 and 20 from 7:45 to 9:30 a.m. Uptown, first level between Island Legacy and Starbucks.

Mokichi Okada Association (MOA) Hawaii Healthy Monday Wellness Activities. Experience purifying and flower therapies, as well as the Japanese Bontemae tea ceremony. Monday, Dec. 13 and 27 from 8:30 to 10:30 a.m. Uptown, second level.

ETC.

NOTE: Special Christmas Day Hours. Pearlridge Center will be closed on Saturday, Dec. 25 to allow our employees to spend this important holiday with their loved ones.
 
NOTE: All performances are subject to change without notice.

Position Overview:
This position provides support to the Property Manager. Responsibilities include but are not limited to: administrative work, tenant/client relations, lease administration, building operations, contracted services, and budget and financial records.

Qualifications:
Ideal candidate will have excellent people, organizational and operational skills. Must be detail oriented and able to communicate effectively, both written and verbal. Must have reliable attendance and have the ability to thrive in a fast-paced environment with strict deadlines. Proficiency in Word, Excel and Outlook is required.

2+ years of business experience, College Degree, and Hawaii Real Estate Licensure is preferred.

Submit resume, letter of interest (please specify position and location) & salary requirements to:
Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer

Duties include but are not limited to: budget/financial statement preparation and review, lease administration, tenant/client relations, tenant improvement coordination & oversight of general maintenance.

Ideal candidate will have excellent people, supervisory, organizational and operational skills. Must be detail oriented, able to meet strict deadlines, and communicate effectively, both written and verbal. Must have reliable attendance and have the ability to thrive in a fast-paced environment with strict deadlines. Proficiency in Word, Excel and Outlook is required. Candidate must have 4+ years of experience in supervising and commercial property management.  Bachelor’s degree preferred.  Hawaii Real Estate License is required.

Submit resume, letter of interest (please specify position and location) with salary requirements to:

Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer

Full-charge accountant for a portfolio of managed commercial properties. Duties include cash receipts, billings, A/P, G/L, acct reconciliations, & financial statements.

Must be organized, detail oriented, and communicate effectively, both written and verbal. Must have reliable attendance, and the ability to work independently in a fast-paced environment with strict deadlines. Proficiency in Word, Excel and Outlook is required. 2+ years experience with BBA in Accounting or equivalent is preferred.

Submit resume, letter of interest (please specify position and location) with salary requirements to:

Colliers Monroe Friedlander Management, Inc.
Email: career@colliershawaii.com
Fax: 808-545-5689
Equal Opportunity Employer