James Shipman, Senior Vice President of CBRE, is a former Director and Shareholder of CB Richard Ellis Hawaii, Inc. prior to its sale to CBRE. He has been with the company since 1989 and has worked with a number of institutional clients.
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 leases, subleases and purchase and sale contracts; and assisting clients with the selection and negotiations of third party vendors; architects, builders, movers, & attorneys.
A current assignment includes SONY's campus in Mapunapuna. The SONY campus includes three parcels totaling 3.17 acres with approximately 93,000 SF in 4 buildings. The assignment includes renewing existing leases, negotiating new leases, and possible disposition of the leasehold asset.
A past assignment was the successful lease of the Hale Pawaa Medical office building in Keeaumoku. Jim and his team were successful in leasing the 125,000 SF project in a challenging market to medical office tenants. From that assignment, the owner Healthcare Realty Trust, turned over the management and leasing of the remainder of its Hawaii portfolio, Pali Momi, consisting of 80,000 SF and Kapiolani Women and Children Center consisting of 85,000 SF.
Another past 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 the project within 18 months of issuance of the Final Public Report.
In 2000, Jim, along with 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, bringing on management and going from about 35 employees to 150. The operations were sold back to CBRE, Inc. in late 2006.
- Licensed real estate broker in the State of Hawaii
- Punahou Alumni Association
- Punahou O-men Lifetime Member
- University of California at Los Angeles (UCLA), Bachelor of Science in Economics
- Punahou School, Honolulu, Hawaii
- Pacific Guardian Center, 630,000 SF
- Alii Place, 312,000 SF
- Pacific Park Plaza*, 250,000 SF
- Waikiki Trade Center, 205,000 SF
- 1100 Alakea*, 176,000 SF
- United States Post Office Downtown*. 175,000 SF
- 1357 Kapiolani Blvd., 130,000 SF
- Hale Pawaa, 125,000 SF
- Kaimuki Plaza, 70,000 SF
- Waterfront Mart, 40,000 SF
- Kahuku Land Parcels*, 188 acres
*Sales & Leasing
- SONY, 93,000 SF
- First Hawaiian Center, 75,000 SF
- First Hawaiian Bank (various assignments)
- Proservice Hawaii, 22,000 SF
- UHA Health Insurance, 23,000 SF
- Ashford & Wriston, 17,000 SF
- Pacific Park Plaza (local representative), $85,000,000
- Raycom Media - KFVE & KHNL (35,000 SF), $15,000,000
- Zane & Zane, Inc., $12,000,000
- Spirent Communications (25,000 SF), $4,950,000
- Urban Housing Communities, $4,500,000
- Property Reserve, Inc. (Inv Arm of Morman Church), $3,000,000
- 747 Amana Street (2nd & 3rd Floors), $2,950,000
- Alakea Corp Plaza (20th Floor), $2,700,000
- Brick House, Inc., $2,500,000
- Time Warner Cable - Purchase of Equip Facility, $2,500,000
- Alakea Corp Plaza (5th Floor), $2,500,000
- Accuity LLP
- Alexander & Baldwin
- Ameriprise Financial Services
- American Savings Bank
- Bank of Hawaii Trust Dept.
- First Hawaiian Bank (Red, Inc.)
- Ford Motor Corporation
- GEICO Insurance
- Parsons Eng & Construction
- Property Reserve, Inc. (Mormon Church)
- Raycom Media (KFVE & KHNL TV)
- Spirent Communications
- Time Warner Cable
- United States Post Office
- Marsh & McLennan
- The Berry Company