{"id":1004079923,"date":"2013-07-09T12:15:37","date_gmt":"2013-07-09T20:15:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=145074"},"modified":"2022-12-08T05:50:41","modified_gmt":"2022-12-08T13:50:41","slug":"waikiki-office-building-undergoes-5-5m-renovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/waikiki-office-building-undergoes-5-5m-renovation\/","title":{"rendered":"Waikiki Office Building Undergoes $5.5M Renovation"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/1833-Kalakaua-Avenue-in-Waikiki.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-145076\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/1833-Kalakaua-Avenue-in-Waikiki.jpg\" alt=\"\" width=\"300\" height=\"183\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">San Diego-based real estate investment firm Parallel Capital Partners has completed the $5.5 million renovation of a 10-story office building in downtown Honolulu.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Located at 1833 Kalakaua Ave. in Waikiki, the property previously known as the Pacific Business News Building totals 91,886 square feet of space. Built in 1964, the mid-rise structure features more than 4,000 square feet of first-floor retail and is currently 62 percent occupied. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cWith 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,\u201d said Parallel founding partner\u00a0Jim Ingebritsen.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Upgrades included new paint and landscaping for the ground-floor exterior, new roofing, a new fire life safety system, improved heating and air conditioning systems, a new conference room, a new energy management system, remodeled restrooms, energy-efficient lighting as well as a repaved parking lot.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The architect of the renovation project was Fung Associates Inc., while J. Kadowaki served as general contractor. In the coming year, Parallel Capital is planning more upgrades to the building, which it renamed 1833 Kalakaua.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Special Olympics Hawaii Inc., Morris Visitor Publications L.L.C., Fung Associates and SynCadd Systems Inc. are among the property\u2019s 35 tenants. Bishop Street Commercial is in charge of the leasing activity.<\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Photo credit: www.parallelcapitalpartners.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Diego-based real estate investment firm Parallel Capital Partners has completed the $5.5 million renovation of the 10-story office building in downtown Honolulu.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1588,21742],"tags":[1815],"class_list":["post-1004079923","post","type-post","status-publish","format-standard","hentry","category-honolulu","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Waikiki Office Building Undergoes $5.5M Renovation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/waikiki-office-building-undergoes-5-5m-renovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waikiki Office Building Undergoes $5.5M Renovation\" \/>\n<meta property=\"og:description\" content=\"San Diego-based real estate investment firm Parallel Capital Partners has completed the $5.5 million renovation of the 10-story office building in downtown Honolulu.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/waikiki-office-building-undergoes-5-5m-renovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-09T20:15:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T13:50:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/1833-Kalakaua-Avenue-in-Waikiki.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Waikiki Office Building Undergoes $5.5M Renovation\",\"datePublished\":\"2013-07-09T20:15:37+00:00\",\"dateModified\":\"2022-12-08T13:50:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/\"},\"wordCount\":219,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/1833-Kalakaua-Avenue-in-Waikiki.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Honolulu\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/waikiki-office-building-undergoes-5-5m-renovation\\\/\",\"name\":\"Waikiki Office Building Undergoes $5.5M Renovation - 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