James Shipman, Senior Vice President of CB Richard Ellis, is a former Director and Shareholder of CB Richard Ellis Hawaii, Inc. prior to its sale to CB Richard Ellis.   He has been with the company since 1989.  In 2000, Jim, along with 10 other top producers were offered the opportunity to purchase the local office.  The ownership increased the operations from 1 office to 4, expanding to the outer islands, brining on management and going from about 35 employees to 150.  The operations were sold back to CB Richard Ellis, Inc. in late 2006.

Responsibilities for transactions have included creating and implementing strategies to reduce occupancy costs; analyzing various financial alternatives; implementing marketing strategies for the disposition of sublease space or excess property; acquiring and repositioning commercial property; negotiating lease, sublease or purchase and sale contracts; and assisting clients with the selection and negotiations of third party vendors; architects, builders, movers, & attorneys.

A recent project has been the conversion of 1100 Alakea Street.  Purchased by Alexander & Baldwin, the 176,000 square foot office building was converted to a commercial condominium with 53 units.  The project offered investor units and owner-occupant units in finished and loft conditions.  James and his team assisted A&B Properties, Inc. with the entire process and had successfully marketed and sold out within 18 months of issuance of the Final Public Report.

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