With dynamic market forces at play, there have been recent shifts in both commercial and residential real estate in Hawaii and across the United States. As the overall economy is poised to reopen this year, what are the emerging trends and shifts that will be taking place throughout the state?  Our panel of experts from different aspects of Hawaii commercial and residential real estate will share their insights.

Michael Hamasu brings to Colliers International more than 30 years of marketing and marketing research experience. Michael has directed research efforts at commercial brokerages with a focus on providing information to assist in strategic decision making for real estate investors and brokerage clientele. Through his efforts, Colliers set the industry standard for commercial real estate analysis in Hawaii. In addition to managing primary and secondary research efforts in the collection of commercial office, retail and industrial market information and statistics, Michael established the company’s real estate consulting division which utilizes market factors such as vacancy rates, absorption, net effective rents, and sales comparables to advise developers, investors, property owners, and tenants on current and projected market trends. Colliers Hawaii continues to provide meaningful and insightful analysis for investors, developers and financiers. During Michael’s tenure, Colliers provided assistance for more than $2 billion in commercial development and investment activity throughout the State of Hawaii. Central Pacific Bank, Bank of Hawaii, American Savings Bank and First Hawaiian Bank call upon Michael to provide their clientele, investors and bank personnel with quantitative and qualitative insights on current and projected economic cycles and their impact on real estate.

Cathy Camp has more than 25 years of commercial real estate experience. Currently a senior vice president at Central Pacific Bank overseeing the Commercial Real Estate Lending Division, she is responsible for the development and oversight of the bank’s real estate portfolio as well as leading the branch strategy on site lease negotiations, site acquisition and development. Previously, she was the development director for Kamehameha Schools’ where she was responsible for planning, development, and asset management activities in key strategic markets. Cathy also worked for Alexander & Baldwin where she had development oversight for many real estate projects and associated construction activities ensuring financial targets were met from acquisition through stabilization. Cathy holds master’s degrees from Stanford’s Graduate School of Business and Central Michigan University; as well as undergraduate degrees in Economics, Mathematics and Chemistry from the University of Pittsburgh and Carnegie Mellon University. She serves as president of the Hawaii Chapter of NAIOP, sits on the Real Property Board for Child & Family Service, and is a Trustee for Palama Settlement. She has previously served on the boards for The Girl Scouts, Mediation Center of the Pacific and Healthy Mothers Healthy Babies.

Jason Lazzerini is the third president and chief executive officer of Locations. He oversees the overall strategy and operations of the company, notably the firm’s core brokerage operations, and institutional and developer client account relationships. Prior to joining Locations, Jason served as senior vice president and director of home loans at American Savings Bank. His 20-year career in the banking industry also included positions at Deutsche Bank, US Bancorp and the Canadian Imperial Bank of Commerce (CIBC). A graduate with honors from the Pacific Coast Banking School at the University of Washington’s Foster School of Business in 2015, Jason was invited to join the faculty in 2018. He is currently the treasurer and executive committee member for Aloha Medical Mission and has previously served as vice president of the Spalding Branch Board for the Boys and Girls Club of Hawaii. He is also a 2018 Pacific Century Fellow graduate. A former professional musician, Jason holds a bachelor’s degree in music from Northern Illinois University.