Sean received his Bachelor of Business Administration in Finance with a minor in Biology from the University of Hawaii at Manoa’s Shidler College of Business.

About Sofos Realty

Sofos Realty is a full service commercial real estate firm. We manage, lease, and sell shopping centers, office buildings, industrial properties, apartment buildings and retail properties. We exclusively represent owners, investors and tenants with their commercial real estate needs throughout the State of Hawaii.

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Nora’s portfolio of properties includes the Koko Marina Center, Pacific Commercial Services, Yogurtland, Seattle’s Best Coffee, Gyotaku Restaurant, Seven-Eleven Hawaii, Waimalu Plaza Shopping Center, Blimpies, Walgreen’s, Keolu & Enchanted Lake Shopping Centers, The Shops at Mauna Lani, Kapolei Medical Park, Liberty Dialysis, US Dermatology, Tropical Smoothie Café and TK Kahala – Assaggio Square.

Nora holds a Bachelor of Science in Computer Science with an emphasis in Business Applications from the University of the Pacific and is a member of the International Council of Shopping Centers (ICSC); Certified Commercial Investment Member (CCIM) and Retail Merchants of Hawaii and also serves on the Board of the Voyager School Foundation.

About Sofos Realty

Sofos Realty is a full service commercial real estate firm. We manage, lease, and sell shopping centers, office buildings, industrial properties, apartment buildings and retail properties. We exclusively represent owners, investors and tenants with their commercial real estate needs throughout the State of Hawaii.

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In the land transaction, Rengo Packaging Inc. was represented by Sofos Realty Corporation, the largest locally owned commercial real estate and property management company.  “Sofos did a great job for us.  The Malakole Industrial Park property is a great location, with great access and utility service available for immediate development”, said Cundiff.

Jay Elicker, Senior Vice President with Sofos Realty, was the agent for Rengo Packaging, Inc. and stated, “We were very pleased to assist Rengo Packaging in this transaction.  Their plans to build a manufacturing facility in Hawaii is a significant industrial event that will create local jobs and support economic stability in the industry for a very long time.”

Earlier this year, Rengo Packaging, Inc. announced plans to construct a new corrugated manufacturing facility in Hawaii, and the acquisition of land in Kapolei signifies a milestone step in the process for the construction of the facility.  “We are very excited for our employees, customers and the community.  Our land purchase solidifies our intentions and signifies the start of the construction phase of our project.  Once completed, we will operate a state-of-the art facility and be positioned to support our customers with high-quality corrugated products for many years”, stated Robert Cundiff, President of Rengo Packaging, Inc.

Commodity Forwarders Inc. is preparing to move into a new 46,000-square-foot warehouse in the Bamboo Commerce Center at 2312 Kamehameha Highway, a major step up from its antiquated facility, company officials said.

The company, which imports and exports perishable goods, plans to be in the new building by Feb. 1, and is looking to sublease about half of it, said Norma Acob, CFI’s regional manager for Hawaii. The move has been in the works for a while, but it has taken some time to find a location that works, she said.

The company’s clients include Safeway, Whole Foods, Ruth’s Chris Steak House and Foodland Super Market, as well as local farmers.

CFI declined to discuss the lease and how much it will cost to make the warehouse climate-controlled, add offices and make other rennovations. It doesn’t anticipate having to hire for the new facility, which is about 10 times larger than the old facility at 3159 Koapaka St.

“Some clients have had a private tour,” Acob said. “They are excited just as much as we are.”

The new facility means it will be able to add customers, she said. It is closer to Honolulu International Airport than the old facility and has loading docks.

“They were in their previous facility for 25 years and it is obsolete,” said Jay Elicker, senior vice president of Sofos Realty Corp., which brokered CFI’s lease. “They simply outgrew the space.”

Elicker said he anticipates finding a business to sublease the remaining 18,000 square feet of warehouse space and 1,000 square feet of office space within the next two months because the market is strong.

“We have had a lot of interest in it,” he said.

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Nicolai family buys Kapiolani building for $13.8M

One Kapiolani LLC, an entity formed by the Nicolai family of the JN Automotive Group, has purchased “One Kapiolani,” a two-story, 44,231-square-foot office building, for $13.8 million.

The building, which is located at the intersection of Kapiolani Boulevard, South Street and S. King Street, includes ground-floor retail space and sits on about 78,000 square feet of land. It had been on the market for an undisclosed price since last September.

Wisconsin-based CUNA Mutual Investment Corp. owns the property, which has an assessed value of $9.35 million, according to the most recent City and County of Honolulu property tax records. The same records show that CUNA bought One Kapiolani for $7.25 million in 1985.

New York-based Cushman & Wakefield and Honolulu-based Sofos Realty Corp., a tenant in the building, represented the seller in the fee-simple transaction. Steve Sofos, president and CEO of Sofos Realty, said his firm will continue as property manager and leasing agent for the building, which has 19 tenants, including TJ’s Sports Bar & Grill and Kabuki Restaurant.

“There were many interested parties and many offers,” Sofos told PBN in an email. “[It will be] business as usual and maybe some day they’ll put a car dealership on the ground floor and build a parking deck for car storage on part of the property, or just a pure investment.”

Joe Nicolai, founder of JN Automotive Group, could not be reached for comment.

Sofos Realty is the only locally owned member of the “Big 3″ in local CRE (Commercial Real Estate) and is Hawaii’s largest locally owned commercial real estate company.

Jodi brings a diverse set of professional experiences to Sofos Realty, including a background in finance and early childhood education.

She holds an associate degree in early childhood education, a bachelor of science in business administration from Hawaii Pacific University, and a master of business administration from the University of Dallas.

Jodi is an active member of the NAIOP Hawaii and is on the Board of Directors of BOMA Hawaii.

See her Pacesetters story here.

Steven Sofos, CPM, Sofos Realty Corp., will serve as President
Michelle Wong, CPM, Ideal Properties, Inc., will serve as President-Elect
Jeremy Long, CPM, Ideal Properties, Inc., will serve as Treasurer
Mele Heresa, CPM, NAI Chaney Brooks, will serve as Secretary
Davie Felipe, ARM, Ko’olani, will serve as VP, ARM
Joylin Shum, CPM candidate, Lani Properties, will serve as VP, Education & Programs,
Fred Ferguson-Brey. CPM, Real Estate Trading Company, will serve as VP, Legislative
Kristi Hirota, CPM candidate, Certified Hawaii, will serve as VP, Membership
Kawika Keala, ARM, Pacifica Honolulu, will serve as VP, Events / IYP
Reggie Eubanks, ARM, CPM candidate, Seventeen Seventeen Ala Wai, will serve as VP, Newsletter / Communications
Gifford Chang, CPM, Ideal Properties, Inc., will serve as VP, Student Outreach
Michelle Wong, CPM, Ideal Properties, Inc., will serve as International Friendship
Steven Sofos, CPM, Sofos Realty Corp., will serve as Immediate Past President
Laura Baker, Association Executive, IREM Hawaii Chapter, will serve as IAE
About IREM® Hawaii Chapter No. 34
Located in Honolulu, IREM® Hawaii Chapter No.34 was founded on May 7, 1956. Members comprise some of Hawaii’s most influential real estate managers and management firms. Membership is also open to Associates, Students and Academics.

IREM® Hawaii Chapter offers a professional development program and a network that helps maximize members potential and the value of the real estate assets managed.

For more information about the chapter contact Laura Baker at (808) 536-4736 or visit www.iremhawaii.org.

About The Institute Of Real Estate Management
The Institute of Real Estate Management (IREM®) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affiliate of the National Association of Realtors®, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 77 years.

IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 international chapters, and several other partnerships around the globe. Worldwide membership includes more than 19,000 individual members and over 550 corporate members.

IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager® (CPM®) designation, the Accredited Residential Manager® (ARM®) certification, the Accredited Commercial Manager (ACoM) certification, and the Accredited Management Organization® (AMO®) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. IREM also offers CPM® Candidate, Associate, Student, and Academic memberships. All members are bound by the strictly enforced IREM® Code of Professional Ethics.

Collectively, CPM® Members in the United States manage nearly $2 trillion in real estate assets, including 11.4 million residential units and 10.4 billion net square feet of commercial space. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.

Honolulu, Hawaii (Yahoo! News) September 30, 2012 - Sofos Realty Corporation negotiated the sale of McCully Shopping Center for $19 million. The 35,290 square foot center is located at 1960 Kapiolani Boulevard.

S. Steven Sofos, President and CEO of Sofos Realty Corporation represented the seller. The seller was McCully Associates. The buyer was M Pocket Corporation.

“We were able to find the right local investor in M Pocket Corporation. We believe this is a win for the tenants, their customers and the neighboring communities,” stated Sofos “the new owners are interested in continuing to bring the diverse mix of businesses that has made the McCully Shopping Center one of Hawaii’s most popular destinations for restaurants and retail.”

The McCully Shopping Center is located one block from Waikiki, Hawaii’s largest and most recognized resort area. The McCully Shopping Center offers visitors a solid mix of national chains such as Seven-Eleven Hawaii, Taco Bell/Pizza Hut; and local favorites Fook Yuen Chinese Seafood Restaurant, and Phuket Thai.

About Sofos Realty Corporation – Sofos Realty Corporation offers a full range of specialized services to real estate owners, tenants, and investors, including property sales and leasing; facilities and property management; appraisal, valuation and consulting services; investment and asset management; and project management and development services. Sofos Realty is ranked as one of the largest commercial brokerage and property management firms in Hawaii by the Pacific Business News and is the only Kama‘aina member of the “Big Three” full service commercial real estate firms in Hawaii.

Wisconsin-based CUNA Mutual Investment Corp. is listed as the owner of the property, which has an assessed value of $9.35 million, according to the most recent City and County of Honolulu property tax records, which also show that it bought One Kapiolani in 1985 for $7.25 million.
New York-based Cushman & Wakefield and Honolulu-based Sofos Realty Corp., a tenant in the building, are representing the seller in the fee-simple offering.

“This is the only real estate asset CUNA owns west of the Mississippi,” Sofos Realty President and CEO Steve Sofos told PBN in an email. “Originally, the building was purchased so as to be a home for all of the smaller credit unions, but the plan never materialized.”

The building has 19 tenants, including TJ’s Sports Bar & Grill and Kabuki Restaurant.