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Colliers Monroe Friedlander Appoints Vice President of Resort Commercial Properties

Admin — Mon, 22 Jun 2009 21:39:22 +0000

June 22, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander is pleased to announce that Debbie Parmley has joined the firm as Vice President of Resort Commercial Properties. Ms. Parmley is currently overseeing the management of a portion of the firm’s Big Island resort property portfolio which totals over 200,000 square feet. The portfolio includes Kona Coast Shopping Center located in the heart of Kailua-Kona, and Waikoloa Highlands Shopping Center which serves the Waikoloa resort area. With over twenty years of real estate experience, Ms. Parmley brings a wealth of knowledge in both residential and commercial projects on the neighbor islands as well as on Oahu. Prior to joining the firm, Debbie was a key member of the development and management team for Waikoloa Resorts Queens’ MarketPlace and Kings’ Shops Retail Centers.

Weyerhaeuser Box Plant Sells

Admin — Sat, 30 May 2009 01:03:56 +0000

May 29, 2009, Honolulu, Hawaii – The former Weyerhaeuser box plant located at 900 North Nimitz Highway sold today for $20 million dollars. The property is located adjacent to Home Depot and the future home of Lowes Home Improvement Center. The buyer is a local partnership that includes the owners of Ba-Le Restaurants and Island Flooring Company, Inc., both of whom will utilize portions of the property for their specific business. “It is a natural fit for the new owners,” said Scott L. Mitchell, Executive Vice President at Colliers Monroe Friedlander, and one of the two listing brokers representing Weyerhaeuser.

At a time when transaction flow is incredibly low and lending on assets of this size is difficult at best, there was sentiment by some in the commercial brokerage community that the property would not sell, especially as an industrial product. According to Guy V. Kidder, Vice President and co-listor on the property with Mitchell; “There is always at least one good buyer for every property and when this buyer surfaced, we knew it was the right deal.”

The sale includes the two-story, 165,900 square feet warehouse building situated on 4 acres of fee simple industrial mixed-use zoned land at the corner of Nimitz Highway and Alakawa Street in Iwilei. Weyerhaeuser ceased operations in 2008 after years of serving Hawaii’s marketplace. The timing could not have been more ideal for Mr. Lam, owner of the Ba-Le Restaurant stores who said “this property is a dream come true for him and his family”. The facility will give him the platform to launch the continued growth of both his restaurant chain and a growing list of retail products they make and sell to the general public.

Central Pacific Plaza Offers Lowest CAM Rates in Downtown Honolulu

Admin — Tue, 28 Apr 2009 20:41:13 +0000

April 28, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander is pleased to announce that effective May 1, 2009, Central Pacific Plaza, located at 220 S. King Street, will lower its Common Area Maintenance (CAM) rate from $1.34 per square foot per month (psf/mo.) to an estimated $1.23, continuing the building’s position as offering the lowest CAM rate of all Class-A Buildings in Downtown Honolulu. Kaimuki Plaza, located at 3465 Waialae Ave. will also enjoy a lowered CAM rate from $1.34 psf/mo to an estimated $1.19. These CAM rate decreases are a direct result of energy saving programs and the projection of lower electricity costs through year-end, both of which directly benefit tenants. Central Pacific Plaza and Kaimuki Plaza are owned by Central Pacific Bank, managed by Colliers Monroe Friedlander. The buildings, both Energy Star winners, use approximately 35 percent less energy than buildings without the Energy Star designation and continues the movement toward a greener environment. Central Pacific Plaza is the only building in the State of Hawaii to earn this recognition for five consecutive years in a row.

Colliers Monroe Friedlander Wins $10,000 for Aloha United Way

Admin — Mon, 09 Mar 2009 21:38:28 +0000

March 9, 2008, Honolulu, Hawaii – Colliers Monroe Friedlander wins $10,000 towards their Aloha United Way (AUW) campaign, courtesy of Oceanic Time Warner Cable! For years, Colliers has actively served our community with an active AUW campaign and monetary donations. Despite worsening economic conditions, Colliers employees still continue to give generously. With 110 employees, Colliers employees donated a total of $15,136.71 to AUW this year and with the additional $10,000, their total contribution is $25,136.71. Colliers won Oceanic’s PhotoShow TV contest by obtaining the most votes from January 19 to February 19. In 2006, Colliers won their first PhotoShow TV Contest and contributed a total of $22,270.32 to Aloha United Way.

Aloha United Way improves lives, motivates people to help others, increases resources to meet needs and inspires collective solutions to community problems.

Colliers Monroe Friedlander Represents Local 5 in the Purchase of Office Property

Admin — Wed, 25 Feb 2009 02:56:50 +0000

February 19, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander has negotiated the purchase of a freestanding office building located at 1516 South King Street in Honolulu, Hawaii on behalf of Unite Here! Local 5. The building, formerly owned and occupied by Shiseido is 10,200 square feet sitting on 14,015 square feet of fee simple land.

Ronald Ward, Vice President of Colliers Monroe Friedlander, represented Unite Here! Local 5 in the acquisition with financing provided by First Hawaiian Bank.

According to Eric Gill, Secretary / Treasurer of Unite Here! Local 5, “For years the union has set a goal to purchase our own site in order to provide current and future members with a permanent home. This facility will house our administrative offices and serve as a meeting place for members and retirees.” Founded in 1937, Local 5 has worked to improve the quality of life for Hawaii’s hotel workers. Today, the Hotel Employees & Restaurant Employees, Local 5, is one of the largest and strongest unions in Hawaii.

Colliers Monroe Friedlander Awarded Property Management Contract for Maui Shopping Centers

Admin — Sat, 24 Jan 2009 02:00:23 +0000

January 23, 2009, Honolulu, Hawaii – Colliers Monroe Friedlander (CMF) has been selected by The Festival Companies to assume property management and continue its leasing of two Maui retail shopping centers totaling over 80,000 square feet. The first property is the Fairway Shops at Kaanapali, a specialty retail center located along Honoapiilani Highway in the middle of the Kaanapali Resort. The second property is Napili Plaza in West Maui, a neighborhood center located on Honoapiilani Highway at the entrance to the Kapalua Resort. CMF has been marketing both properties for lease since the owner’s acquisition about a year ago. The Festival Companies, based out of Los Angeles, is a national real estate investment, development and full-service advisory and management company.

With this addition to its portfolio, Colliers Monroe Friedlander now leases and manages over 6.7 million square feet of office, retail, industrial, and high tech property in the State of Hawaii.

To Give is Better than to Receive

Admin — Tue, 13 Jan 2009 01:49:30 +0000

January 12, 2009, Honolulu, Hawaii – Each year, Colliers Monroe Friedlander employees give generously and 2008, despite economic conditions, was no different. Generous contributions are made to charitable non-profit organizations such as Aloha United Way and Parents and Children Together (PACT), just to name a few. The 110 Colliers employees managed to raise $12,270.32 in 2006 for Aloha United Way and with tougher economic times that lay ahead, still managed to increase their contributions every year since. This year, Colliers employees donated a total of $15,136.71 and are currently seeking the opportunity to add another $10,000 by obtaining the most votes though Oceanic Cable.

Every holiday season, Colliers employees show their support of the Parents and Children Together (PACT) Program by adopting a family or child. In 2007, Colliers provided 50 children gifts with each child receiving clothing, books, blankets and miscellaneous necessities. In 2008, the company adopted 11 families, providing them with everyday essentials, clothing, toys, food and monetary donations. “It is truly an effort from the heart on all levels. With participation from support staff to executives, we are able to help families experience a joyful holiday season,” says Sarah Lee Morihara, President of Colliers Monroe Friedlander. “We are proud of the positive impact that the generosity of our people has on the community.”