Assignments

Aloha Tower Marketplace

• Sq. Ft.: 165,683
• Owner: Westtrust Ventures, LLC
• Management/Leasing

Two story open air festival marketplace with beautiful ocean views and tropical environment.  Located along the bustling central business district of Honolulu, Aloha Tower Marketplace is within walking distance for over 15,000 people who live and work within the downtown corridor.  With easy access to and from major arterials and bus routes and convenient trolley access to and from Waikiki, Aloha Tower Marketplace appeals to many locals, as well as to tourists and disembarking cruise ship passengers who travel from around the world to see the historic Aloha Tower, immediately adjacent to the property.

677 Ala Moana Boulevard

• Sq. Ft.: 265,637
• Owner: Redico
• Management/Leasing

The 677 Ala Moana Building has been a landmark among Honolulu's office buildings for many years, providing a pleasant business environment conducive to the success of numerous local and national companies since its completion in 1971. 

Located on the main thoroughfare bridging the financial district of Honolulu and the world-class resort destination of Waikiki, the 677 Ala Moana Building is a highly visible property along the daily route of thousands of Hawaii residents and visitors.

It is in the heart of an exciting master plan for the redevelopment of Kaka'ako, the special design district created by the State of Hawaii as the next major area of economic growth and vitality in Honolulu focused around the development of the University of Hawaii John A. Burns School of Medicine - JABSOM, which is immediately adjacent to the Property.

City Financial Tower

• Sq. Ft.: 181,000
• Owner: Employees' Retirement System of State of Hawaii
• Management/Renewals

In March 1987 BetaWest, Inc., a development arm of U.S. West, with C. Itoh and Citybank (Hawaii) broke ground on a new 180,034 square foot leasehold office building located in downtown Honolulu at 201 Merchant Street.  City Financial Tower was one of the last architectural efforts of the late Minoru Yamasaki, perhaps best known for designing the World Trade Center.  In March 1989, the Employees' Retirement System of the State of Hawaii (ERS) acquired City Financial Tower as their first direct investment in real estate.  (Before then, the trustees had invested in real estate, but all through funds run by others, such as life insurance firms.)  The grand opening of City Financial Tower was held on June 8, 1989.  Today, 20 years later, ERS continues to hold this asset which serves as their corporate headquarters where they occupy 27,000 square feet.  PM Realty Group (successor in interest to BetaWest) continues to maintain its long standing relationship with our first Hawaii client, ERS. 

ERS and its asset manager, Heitman Advisory Services, have long been known for their ownership objective of maintaining City Financial Tower at the highest of industry standards.  Recent projects include:  1) a garage lighting retrofit that resulted in total annual savings of $23,650 with a utility rebate of $10,892, 2) an office tower lighting retrofit with occupancy sensors resulted in total annual savings of $97,390 with a utility rebate of $63,000, and 3) additional annual savings of $41,000 from a combination of operational modifications, in house repairs and urinal/lavatory retrofits.  Future projects planned include window tinting to reduce heat load and glare, elevator modernization, and LEED EB certification.

Chevron

• 32 Individual Sites
• Owner: Chevron
• Renewals

126 Queen Street

• Sq. Ft.: 8,072
  
• Owner: KF Downtown LLC/ETAL
  
• Leasing

Liliha Professional Building

• Sq. Ft.: 39,580
  
• Owner: Liliha Professional Building, LLC
  
• Leasing