Lee Cranmer and Luigi Kai join Kamehameha Schools? Commercial Real Estate Division and will use their expertise and energy to help transform KS? Kaka?ako lands into an urban island neighborhood. Both Cranmer and Kai report to Paul Kay, Kamehameha?s director of real estate development.
Cranmer serves in the newly-created position of Senior Development Manager, and will be responsible for the origination and execution of urban renewal projects, including feasibility, planning, budgeting, design, and construction.
He brings to Kamehameha Schools broad experience in real estate development and construction management. Cranmer worked the last nine years at Lend Lease LLC, managing construction and development of privatized housing for the US Army on O?ahu.
Cranmer holds an undergraduate degree in Civil Engineering from the University of Delaware, a Masters in Architectural Engineering from the University of Texas at Austin, and in 2011 completed his MBA with a focus on corporate entrepreneurship at UH M?noa?s Shidler College of Business.
In Kai?s role as Acquisitions and Leasing Manager, he will be responsible for the preparation and execution of acquisition, disposition, joint venture and major leasing transactions in Kaka?ako.
Prior to joining Kamehameha Schools, Kai was an Associate Director in the Investment Banking Division of UBS in New York, working on real estate capital markets and advisory transactions.
Kai was raised in Honolulu, Hawai?i and graduated from Punahou School. He received a Bachelor of Arts in Economics and History from Brandeis University and earned an MBA with a focus on real estate and finance from Columbia Business School. Mr. Kai is also a Chartered Financial Analyst.
?In the four years since our Kaka?ako master plan was approved by the Hawai?i Community Development Authority, Kamehameha Schools has steadily been making progress toward transforming our Kaka?ako lands into a vibrant, urban neighborhood,? said Paul Kay, Kamehameha Schools? director of real estate development. ?Our Kaka?ako is a community built on innovation, creativity and collaboration, and we are excited to have Lee and Luigi contribute their experience toward its renewal.?
About Our Kaka?ako
Our Kaka?ako is a mixed-use, urban-island community by Kamehameha Schools on nine contiguous city blocks in the heart of Honolulu, between South Street and Ward Avenue. The community, which is currently in the beginning stages of a multi-year redevelopment, will contain a mixture of low-rise and high-rise structures, a range of housing types, open spaces, a central gathering place, and a neighborhood supportive of commercial and industrial uses. Part of the vision for Our Kaka?ako is that it will continue to grow as a progressive catalyst for innovation and become the epicenter of urban-island culture and the lifestyle it represents. To learn more, visit www.OurKakaako.com.
About Kamehameha Schools
Kamehameha Schools is a private, educational, charitable trust founded and endowed by the legacy of Princess Bernice Pauahi Bishop. Kamehameha Schools operates a statewide educational system enrolling over 6,900 students of Hawaiian ancestry at K-12 campuses on O`ahu, Maui and Hawai`i and 30 preschool sites statewide. Over 40,400 additional Hawaiian learners and caregivers are served each year through a range of other Kamehameha Schools? outreach programs, community collaborations and financial aid opportunities in Hawai`i and across the continental United States. Income generated from its Hawai`i real estate, as well as diverse investments, fund the Schools? educational mission almost entirely. More information can be found a www.ksbe.edu.
Source: http://www.ksbe.edu/article.php?story=2013041713503470
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