Parallel Capital Partners Completes $5.5 Million Renovation of High Profile Waikiki Office Building

Honolulu Property Renamed 1833 Kalakaua

2013-06-22

HONOLULU, HI, June 22, 2013 (Press-News.org) San Diego-based real estate investment firm Parallel Capital Partners, Inc. recently completed the $5.5 million renovation of a 10-story office building located at the entry to the Waikiki District in downtown Honolulu.

Previously known as the Pacific Business News Building, the mid-rise structure at 1833 Kalakaua Ave. encompasses 91,886 square feet, including more than 4,000 square feet of retail space on the first floor, as well as 86,000 square feet of office space above. It is currently 62% percent occupied.

"With the competitive nature of office leases in Honolulu, we knew the building needed to be updated to provide the amenities and efficiency our tenants deserve," said Jim Ingebritsen, founding partner of Parallel Capital Partners, a real estate investment and operating firm with properties in the western U.S. and Hawaii.

Improvements to the project, built in 1964 as the Federal Aviation Administration Building and now known as 1833 Kalakaua, include new paint and landscaping for the ground floor exterior, new roofing, a new fire life safety system, upgraded heating and air conditioning systems with digital controls, a new conference room, energy saving fans, a new energy management system and remodeled restrooms. In addition, new ceilings and energy efficient lighting were added throughout and the parking lot was repaved.

Parallel is finalizing plans for a second phase of upgrades in the coming year.

Situated near the Ala Moana Shopping Center, the Hawaii Convention Center, Waikiki and Hawaii Yacht Clubs, restaurants and recreational opportunities, the property is ideally located and offers ocean and mountain views. Several contiguous floors are available for lease to a multi-tenant occupant, with naming rights possible, Ingebritsen said.

The list of 35 current tenants includes Special Olympics Hawaii, Inc.; Morris Visitor Publications, LLC; Fung Associates; and SynCadd Systems, Inc.

Fung Associates, Inc. was the architect and J. Kadowaki the general contractor.

Bishop Street Commercial is handling leasing. For more information call (808) 695-3500 or go to http://www.BishopSC.com.

About Parallel Capital Partners, Inc.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a private, fully-integrated real estate investment and operating company focused on acquiring value-added and core-plus opportunities for its own account in the western United States and Hawaii.

Media Contact: Sydnie Moore moore2com@gmail.com 619-823-8448

ELSE PRESS RELEASES FROM THIS DATE:

Only 6 Months Until the RoHS2 Directive Impacts Your Medical Devices

2013-06-22

Northwire, Inc. (NWI) capitalizes on 41+ years of collaboration with the medical device industry and leverages over 1,200 tenured years of life science market expertise to navigate the complexities of international and domestic, regulatory, agency and environmental compliance. Fortified with cutting-edge testing capabilities, NWI's rigorous quality management system supports your ability to achieve RoHS2 compliance cost-effectively with maximum efficiency. ISO 13854:2003 Certified, Northwire is an innovative solutions provider in the design and manufacture of custom technical ...

#1 Best-Selling Author Scott Vedder Releases a New Holiday Classic Storybook Entitled "Crazy Coconut Christmas Chronicles"

2013-06-22

In the "Crazy Coconut Christmas Chronicles," the heroes of the story encounter bullying pirates, explore the legend of a witchdoctor and learn how a clumsy elf named Bungle accidentally created this magical place. The story inspires families to come together and tell creative Christmas stories of their own all year long. The book jacket reads: "Deep beneath the bright blue waters of the Caribbean Sea, there is a wonderful place where every day is filled with Christmas magic. People of all ages, times and places live there surrounded by gifts and toys in ...

Paws for Life Animal Rescue Showcases Adorable Cats During 9 Lives for 9 Dollars Adoption Event

2013-06-22

Did you know there are more than nine reasons you might be healthier when sharing your life with cats, or that for $9 you can become part of a nationwide life-saving movement? Adopt a feline friend from Paws for Life Rescue, http://www.pawsforliferescue.org, during the special 9 Lives for $9 adoption event, running from June 21 to June 30, and you become part of something important. To adopt a cat for just $9, apply online at http://www.pawsforliferescue.org between June 21 and June 30, and/or come meet the adoptable cats and adolescent kittens (age 9 months or older) ...

Texas Sporting Breed Rescue, Inc. (TSBR) Partners With Petfinder on Summer Pet Safety Campaign

2013-06-22

This summer, TSBR is partnering with Petfinder in a Summer Pet Safety campaign to ensure all pet parents are equipped with the proper information to keep their furry friends cool, happy and safe throughout the summer. The Pet Safety campaign will launch on June 17 with weekly blog posts and infographics highlighting proper pet safety protocol specific to popular summer activities. Some of the featured topics will include: • Preparing Your Pet for the Fourth of July • What to Do If You See a Dog In a Hot Car • Tips to Keep Your Dog Safe on a Boat, or While Camping ...

Channel Islands Harbor Presents Concerts by the Sea

2013-06-22

Channel Islands Harbor is holding Concerts by the Sea each Saturday from July 6 - Aug. 31. The free summer concert series will be from 4-6 p.m. at Peninsula Park, 3401 Peninsula Road, Oxnard at Channel Islands Harbor, next to the Casa Sirena Hotel and the Hampton Inn. Parking is free. Visitors can enjoy a wide array of musical styles, including jazz, rock, reggae, Cajun, country and oldies. Summer Concert Lineup: July 6 Masters of the Past (60's/70's Classic Rock) July 13 Acadiana (Cajun/Zydeco) July 20 Sean Wiggins & Lone Goat (Rock/Country) July ...

VH-1 Mobwives Renee Graziano Invites You!

2013-06-22

On Wednesday July 10th Just Jenn Productions, J Donovan Productions and VH-1 invites you to join the star of the hit show Mobwives Renee Graziano for an exclusive sit down private dinner party to celebrate her birthday with celebrity friends and other special invited guests. In an intimate setting at Midtown 1015 fans will have an opportunity to engage in a meet and greet with the louder than life reality television star for two hours enjoying a buffet style dinner and open bar with a special performance by DASH featured on "Night of My Life" with Pauly D of ...

Tipz Helmet Accessories Launch

2013-06-22

NRB Enterprises LLC, a Northern California based action sports accessory manufacturer and retailer is proud to announce the launch of Tipz , a new line of interchangeable helmet accessories. "GoPro was revolutionary in that it made people view helmets as not just a safety device but as a tool to broaden one's enjoyment of action sports. We want to expand on that enjoyment by allowing users the ability to customize and personalize their helmets," said Nathan Blunt, President and founder. "Helmet users have traditionally been limited to two dimensional stickers ...

Toronto Community Foundation Awards a Vital Ideas Grant to Literature for Life, Helping to Take its Community Leadership to the Next Level

2013-06-22

Literature for Life is pleased to announce that it has been awarded the Vital Ideas grant from the Toronto Community Foundation. Through the grant program, Literature for Life has been provided $30,000 over one year to increase its capacity in order to expand its reach, share its experience, and better sustain its impact. Vital Ideas is one of three Toronto Community Foundation grant programs made possible through its Vital Toronto Fund, a strategic community endowment. The grant program identifies high-impact organizations that build on successful methods of service ...

'Comforting' News: Huddle House Opens in West Hamlin

2013-06-22

West Hamlin residents are about to experience the ultimate dose of Southern Hospitality. Huddle House, the 24-hour family-friendly restaurant chain celebrated for its comfort food, warm atmosphere and value pricing, opened its newest restaurant in West Hamlin on June 17, 2013, featuring a refreshing new interior and exterior design. Located in Lincoln Plaza on State Route 10, the Huddle House of West Hamlin features full-service dining and an all-encompassing menu of classic breakfast, lunch and dinner favorites, including premium breakfast platters, waffles, delicious ...

GoECart Wins CQIA's Top 'Gold' Innovation Prize Again in 2013

2013-06-22

GoECart, a leading provider of fully integrated and multi-channel ecommerce solutions, today announced that it has won the prestigious Gold Award in the 2013 Connecticut Quality Improvement Award Competition. This is the second year in a row the company has received the CQIA's top innovation award for its all-in-one ecommerce suite, GoECart 360. The receipt of the award again this year is a testament to the company's commitment to ongoing innovation, as the CQIA promotes and recognizes excellence and innovation in CT based organizations. "This has been an exciting ...

LAST 30 PRESS RELEASES:

Patients who had cataracts removed or their eyesight corrected with a new type of lens have good vision over all distances without spectacles

Wiley advances Knowitall Solutions with new trendfinder application for user-friendly chemometric analysis and additional enhancements to analytical workflows