We are a professional real estate counseling service firm accomplished in both residential and commercial markets.  Since 1967, we have serviced the real estate community throughout the Hawaiian Islands and earned a reputation for professional service and quality product.  We are dedicated to producing objective and responsible solutions to complex real estate problems in a timely manner.

Professional Staff

The staff of Yamaguchi & Yamaguchi, Inc. has an extensive range of real estate experience gained through years of field studies of Hawaiian real estate, professional accomplishments, continuing professional education, and active association with nationally recognized appraisal and real estate related organizations including the Appraisal Institute, Counselors of Real Estate, The National Association of Realtors, Hawaii Association of Mortgage Brokers, and Building Association of Hawaii.

Our company contains three separate divisions: residential, commercial, and counseling that participate in the following services:

Real Estate Appraisals Collateral Reviews, Strategies and Monitoring Estate Planning Valuation Land Residual Analysis Lease Negotiation and Arbitration Tax Appeal Consulting Market and Feasibility Studies Environmental Transaction Screening Construction Management Services

Professional counseling designations held by members of the firm from the American Society of Real Estate Counselors include (CRE) Counselor of Real Estate and Fellow (FRICS) of the Royal Institution of Chartered Surveyors.  Professional appraisal designations held by members of the firm from the Appraisal Institute include Senior Real Property Appraiser (SRPA) and Senior Residential Appraiser (SRA).  The staff has also complied with the State of Hawaii’s licensing and certification program earning such designations as: Certified General Appraiser (CGA), Certified Residential Appraiser (CRA) or State Licensed Appraiser.

Members of the firm have earned a reputation for professional service and quality work.  The principal members of the firm are recognized as expert witnesses for their educational and service contributions to various business and professional organizations on both the local and national level.  The educational and professional experiences of our staff members are outlined in their accompanying resumes.

Current employees include three (3) professional real estate consultants and five (5) support staff.

Partnering and Added Services

Three companies were partnered to provide our clients with Hawaii’s first comprehensive real estate counseling services for commercial and residential real estate.  The Power of Three consists of

Yamaguchi & Yamaguchi, Incorporated	www.YAMAGUCHIinc.com
Allstate Home Inspection & Household Environmental Testing Services	www.AHIhawaii.com
Pacific Rim Consulting Group	www.PRCGhawaii.com

Due Diligence Team

We have also partnered with PER, Inc., one of the largest construction companies in the State of Hawaii to provide due diligence services for owners and buyers of real estate.  PER, Inc., is a general contracting & construction management firm that builds commercial, institutional, and industrial projects throughout the State of Hawaii and the Pacific Rim.  Our due diligence team provides the following services:

Real Estate Counseling Construction Consultant Architectural Civil Engineering Mechanical Engineering Electrical Engineering Environmental 1.  Phase 1 2.  Hazardous Material Roofing Consultant Termite Consultant Legal Counseling and Documentation Title Search

Partial List of Professional Engagements

The appraisal and consulting services prepared by Yamaguchi & Yamaguchi, Inc., assists our clients in decision making relative to various needs, such as mortgage lending, investment decisions, due diligence studies, lease negotiations and arbitration, condemnation, and estate planning.  The following is a brief sample of our past commercial appraisal assignments:

Retail/Office Buildings	Ala Moana Building Ala Moana Pacific Center Ala Moana Plaza Digital Building East-West Building 1051 Keolu Drive Lee & Young Building (Chinatown) Tan Sing Building (Chinatown) Kaheka Professional Center 339 Hunakai Street 1020 Keeaumoku Street Young Street Center Kodani Commercial Bldg. (Kauai) Waipouli Plaza (Kauai) Puni Nani Building (Kauai) First Insurance Building (Kauai) 934 Pumehana Street 920 Sheridan Street Royal State Insurance Building 720 Iwilei Road 802 Kapahulu Avenue 1432 Middle Street 1446 Liliha Street 864 South Beretania Street 1789 South King Street 3538 Waialae Avenue-Park Center Building 845 Queen Street 85-909 Farrington Highway
Medical Office Building and Nursing Facilities	Pearl City Medical Building Kailua Professional Center Aloha Health Care Nursing Facility Pearl City Nursing Home Crossroads Medical Center (Kona) Oahu Care Facility Proposed St. Francis Care Facility Moiliili Medical Center Proposed Kapahulu Medical Building
Shopping Centers and Specialty Centers	Ala Moana Shopping Center Banyan Inn Marketplace (Maui) Anchor Cove Center (Kauai) Lipoa Center (Maui) Costco (Maui) Kalapaki Marketplace (Kauai) Ross Dress for Less (Keeaumoku) 1450 Ala Moana Boulevard The Wharf Cinema Center (Maui) Nuuanu Shopping Center Niu Valley Shopping Center Kihei Gateway Shopping Center (Maui) Pagoda Hotel
Privately Owned-Apartments and Rooming House Properties	833 N. School Street (28 Unit private, non-profit apt)Kewalo Apartments (38 Units) Lee Apartments (42 Units) 1055 Kalo Place (Dormitory) Riverside Apartments (72 Units, Hilo) Nani Wai Annex (30 Units) 968 Spencer Street (18 Units) 1620 Poki Street (18 Units) 540 Iolani Avenue (18 Units) 3336 Campbell Avenue (18 Units) 1841-A Palolo Avenue (18 Units) 1804 Poki Street (14 Units) 1226 Young Street (23 Units) 702 Alder Street (18 Units) Proposed Royal Kinau Elderly Rental Project(84 Units) 1020 Isenberg (Dormitory) Kamahalo Apartments (24 Units)) Nani-Wai Apartments (15 Units) Makini Apartments (88 Units) Liona Apartments (55 Units) 1039 Kamehameha IV Road (40 Units) 1426 Keeaumoku Street (24 Units) 1632 Young Street (28 Units) 1234 Alexander Street (28 Units) 2975 Ala Napuaa Place (20 Units) 540 Iolani Avenue (18 Units) 225 Ohai Street (10 Units) Seaview House (31 room Women’s Dormitory) 731 Hausten Street (10 Units) 1533 Nehoa Street (16 Units) 1455 Pele Street (11 Units) 1226 Young Street (22 Units) 264 California Avenue (19 Units) Many other apartments or rooming-house properties in the Kalihi, Makiki, McCully, Moiliili, Kapahulu & Kailua districts.
Industrial Properties	Numerous industrial properties in Kaka’ako, Iwilei/Kapalama; Kalihi/Kalihi-Kai; Sand Island; Mapunapuna; Airport Industrial Park; Bougainville Industrial Park; Central Park (Halawa); Halawa Business Park; Pearl City Industrial Park; Gentry Business Park (Waipio); Campbell Industrial Park (Ewa); Waipahu Industrial Park; Lihue Industrial Park (Units 1 and 2, Kauai); Kahului Industrial Park (Maui); Wailuku Industrial Park (Maui); the Millyard Industrial Park (Maui); Kaloko Light Industrial Subdivision (North Kona, Hawaii); Shipman Industrial Park (Keaau, Hawaii); and the Hilo Industrial areas (Hilo, Hawaii). Honolulu International Airport (UAL Cargo/Office facilities).
Government Assignments	Hawaii Community Development Authority (HCDA): Kaka’ako Infrastructure Improvements Districts Phase I, II, III, & IV Land Acquisition John A. Burns Medical Center Underlying Land Fort Armstrong Dept. of Transportation - Highways Division: Interstate Highway FAIP No. 1-H3-1, Oahu; Land Acquisition Hanamaulu - Ahukini Cut-Off DP-05101, Kauai; Land Acquisition Kalanianaole Highway Improvements, Retaining Wall at Makapuu, No. 72B-02-02 Kuhio Highway Improvements, Extension of Temporary Bypass Road, No. 56A-03-00, Kauai Dept. of Transportation - Airports Division: Ualena Street Properties Land Acquisition for Honolulu International Airport Expansion Fair Market Rental Study of all the State of Hawaii Airports (Land and Improvements) Dept. of Transportation - Harbors Division: Fair Market Rent Studies for the Following Properties: Keehi Lagoon, Keehi Marine Center Lagoon Drive and Triangle Island Site Canoe Site Keehi Lagoon  Hilo Harbor Pier 42 Hawaiian Cement Site (Kawaihae, HI) Kewalo Drydock Kapolei Ship Repair Facility & Market Related Activities Keehi Lagoon Industrial Lots Dept. of Accounting & General Services (DAGS): State Capitol District Office Tower Study Hawaii Housing Authority (HHA): Banyan Street Manor Housing Project (55 Units)Housing Finance and Development Corporation (HFDC) Honokowai Kauhale Rental Housing Project, Maui (184 Units) Kamakee Vista Rental Housing Project (226 Units and Commercial Component) Pohulani Senior Citizen Housing Project Office of State Planning (OSP) Honokowai Land Valuation Study Dept. of Land & Natural Resources (DLNR): Proposed Sand Island Industrial Park Old Kahului School Site - Land Valuation Study Fair Market Rent Studies - Various Agricultural Lands (All Islands) Shoreline and Reclaimed Land – Various Residential Lands City and County of Honolulu – Division of Land & Survey Land Acquisition of Waipio Access Road Land Acquisition 2251 Aloha Drive Land Acquisition Pearl Harbor Historical Trail Coconut Grove Flood Damage Mitigation for the City and County Corporation Counsel Chinatown Gateway (200 Residential Units; 4 Commercial Units) Marin Tower (236 Residential Units; Commercial Space) Westlake Apartments (96 Residential Units) Special Joint Assignment Marshall Islands Damage Study & Analysis    Rongelap, Rongerik & Ailinginae Atolls    Real Estate & Related Damages    Nuclear Weapons Test of Bikini Atoll – March 1954       Randall Bell, Bell Anderson & Sanders LLC       Jon Yamaguchi, Yamaguchi & Yamaguchi, Inc.
Consulting and Asset Management	HTH Corporation Hawaii Electrician’s Union
Lease Negotiation and Arbitrations	Client Pacific Home Furnishings, Lessee Teruya Enterprises, Ltd., Lessee Young Enterprises, Lessee Iolani Sportswear, Lessee Charles Kendall Blvd. Owners, Lessees Chow S. K. Lum Trust, Lessor Waialae Aina Enterprises, Lessor H & K Company, Lessee Universal Securities, Lessee HTH Corp., Lessee Opposition Bishop Estate, Lessor Bishop Estate, Lessor Bishop Estate, Lessor Hobart Estate, Lessor Bishop Estate, Lessor Sport Shinko, Lessee Servco Pacific, Lessee Kunikiyo Trust, Lessor Bishop Estate, Lessor Lanihau Properties LLC, Lessor
Arbitration	Appointed By George Tanaka, Lessor Bishop Estate, Lessor  Bishop Estate, Lessor Jim Watanabe, Lessee PVT, Inc., Lessee vs. vs. vs. vs. vs. Opposing Party K & M Ltd., Lessee Oahu Plumbing, Lessee Snyder Family Trust, Lessee Suzuki Nitta, etal, Lessors Rose K.H. Lum, etal, Lessors
Third Party Arbitrator	Bishop Estate, Lessor State of Hawaii, Lessor Masters LLC, Lessor Elks Club, Lessor vs. vs. vs. vs. Kovats, Lessee Mary Strate, Lessee SERVCO, Inc., Lessee Outrigger Canoe Club, Lessee
Residential & Commercial Subdivisions	Ewa Plantations Expandable Home Subdivisions Iwalani Kapolei Village V Koolau Hale (Kaneohe) Pearl Highlands Business Park Ewa Villages H
Miscellaneous	Vacant Land (Islands of Oahu, Kauai, Maui, Hawaii and Molokai); Partial Interest Valuations; Residential and Commercial Condominium Units; and Highest and Best Use Consulting Studies.

Partial Client List

Lending Institutions and Mortgage Companies