|
PM Realty Group Affirms Commitment to Hawaii Market;
Local Expertise to Remain in Place;
National Backing of Full-Service Parent to Provide Added Depth of Resources
HONOLULU, HI - PM Realty Group today announced its wholly-owned subsidiary, BetaWest Ltd., will officially change its name to PM Realty Group in the state of Hawaii on August 2, 1999. PM Realty Group acquired BetaWest in 1995 to greatly expand its geographic coverage and the types of real estate services available to its clients.
BetaWest began providing clients real estate services in Hawaii in 1986 with the development and subsequent management of the City Financial Tower and Alii Place in Honolulu. Today the company's management portfolio includes approximately 1.5 million square feet of office and retail properties throughout the state.
"We have been referring to ourselves informally as 'BetaWest/PM Realty Group' for some time now and thought it was time to make the name change official," says Toni Cofran, Vice President of Hawaii Operations for PM Realty Group. "Our clients will continue to benefit from the expertise of our seasoned team of real estate professionals while being able to leverage the national resources of a full-service commercial real estate provider like PM Realty Group."
Jim Proehl, Senior Vice President and Director of PM Realty Group's Western Division continued: "We are committed to serving the commercial real estate needs of the Hawaiian market. We are very enthusiastic about our ability to deliver a broad range of real estate solutions to our current and future clients in Hawaii," said Proehl.
Among PM Realty Group's institutional clients with interests in Hawaii are: The Hawaii State Employees Retirement System, CIGNA, The Bristol Group and MONY. The firm also represents a variety of local investors.
In addition to developing and managing Alii Place (316,000 office and retail complex) and City Financial Tower (180,000-square-foot office building), the company presently manages the 677 Ala Moana Building(225,000-square-foot office building), 1221 Kapiolani (140,000-square-foot office and retail building) and Kaimuki Plaza(62,000-square-foot office building) in Honolulu; Kona Coast Shopping Center(88,000-square-foot retail complex) in Kailua-Kona; and Wai'anai Mall (175,000-square-foot retail center) in Wai'anae.
Local Expertise Remains in Place
PM Realty Group-Hawaii will maintain its significant local market expertise through the following key executives, who together possess more than 75 years of commercial real estate experience in Hawaii:
- Toni Cofran, RPA
As Vice President of Hawaii Operations for PM Realty Group, Cofran oversees the company's portfolio that consists of over 1.5 million square feet of combined office and retail properties.
- Paula K. Orr, CPM
As a Senior Property Manager, Orr brings more than twenty years commercial, retail and industrial real estate experience to her current position. She currently is responsible for the management of 280,000 square feet of combined office and retail space at the City Financial Tower, as well as an 87,000-square-foot retail center in Kailua-Kona.
- John C. Paulachak, CFM, FMA, CPM, RPA
Paulachak is a Senior Property Manager with 20 years experience in the Hawaii facilities and real estate market and currently manages the 677 Ala Moana property, a 225,000-square-foot office building in Honolulu.
- Irene Kobashigawa
Kobashigawa has more than 20 years experience in property management and leasing and currently serves as the property manager of Alii Place in downtown Honolulu, where she received BOMA-Hawaii's Building of the Year Award four times and the Hale Po'okela (House of Excellence) Award in 1995, 1996 and 1999. | 
Back to 2000 and Older News