Elite Pacific Properties Receives Prestigious Recognition Awards

Elite Pacific Properties, Hawaii’s largest luxury brokerage firm with offices on Oahu, Maui, Kauai and the Big Island, has been awarded two of the most highly recognized awards for business growth.

Inc. Magazine named Elite in its 35th annual Inc. 5000, which is the most prestigious ranking of the nation’s fastest growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow and many other well-known names gained their first national exposure as honorees of the Inc. 5000. The current Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three  years, or about 8% of all jobs created in the entire economy during that period.

This is the 4th year in a row that Elite has been named as an Inc. 5000 winner and this year Elite came in at #635, the company’s highest ranking yet.

“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”

Elite was also named in Pacific Business News’ “Fastest 50” for the 3rd year in a row. The Pacific Business News, which is recognized as the leading newspaper in the state of Hawaii for carrying daily business news, annually announces the 50 fastest growing themes in Hawaii. Businesses are ranked based on their two-year percentage revenue growth from 2013 to 2015. This year Elite came in at #18.

“Very few companies are able to sustain rapid grown year after year,” says Paul Mayer, Managing Partner of Elite Pacific Properties. “We feel honored to receive this kind of recognition and feel Elite’s achievement is only possible because of our over 180 dedicated real estate agents and solid support team.”

Both the Inc. 5000 and Fastest 50 recognition awards are based on revenue growth and, in either case, must be a privately held company that is not a division or subsidiary of another company.

About Elite Pacific Properties

Locally owned and operated, Elite Pacific Properties was founded in 2005 by Stephen Cipres and Paul Mayer. The company has staffed offices on Oahu, Maui, Kauai and the Big Island. Elite Pacific Properties is a full service real estate firm focused on luxury residential property sales, multi-unit projects/developer sales, vacation rentals and property management. Elite is a member of Who’s Who in Luxury Real Estate, an exclusive organization of the top luxury brokers in the world.

Elite’s Own Robert Myers Continues to Earn High Rankings Through Hawaii Business Magazine!

RobertMyers-headshot-websiteWell known throughout Maui and especially West Maui, Robert Myers was again honored at HBM’s Top 100 Realtor Awards this year and also received the Hall of Fame award for achieving Top 100 status for the eighth time since 2008. It goes without saying that he remains an invaluable member of our Elite ohana and we are so glad to have him with us!

Read the full story here »

Holua Kai Brokers’ Open a Success!

Dozens of Realtors showed up for the Holua Kai Brokers Open last week to experience firsthand the amazing golf, mountain and ocean views that new homeowners will enjoy in the Gated Resort of Holua Kai. Over 40 exclusive single family residences with multiple floor plans and open-air living concepts will be available. This Brookfield Residential Community co-listed by Elite Pacific is the first offering of brand new resort homes in the Keauhou area of the Big Island in years!

PBN Special Report: Four questions with Charlotte Sherwood

Why did Elite Pacific Properties form a commercial unit? “As the largest luxury brokerage in Hawaii by sales volume, many of Elite’s clients are investors and entrepreneurs, who have commercial needs as well as residential. We definitely saw an uptick in commercial needs from our clients last year. Enhancing our business model to include a commercial division was a natural progression for Elite”

What trends are you noticing in your industry? “We’ve seen an increase in gross asking rents during the fourth of 2015, and into the first quarter of 2016. Very little inventory in core tourism areas push local retailers and businesses into the outskirts, thereby increasing rents in outlying tourist destinations areas such as Kailua, Hawaii Kai and Kaimuki.”

What bills are you tracking at the Legislature? “There are several that we take special interest in for commercial real estate that have the capacity to impact our local economy in both positive and negative aspects. One that comes to mind for commercial is Senate Bill 118, relating to the impact of real estate investment trusts and foreign investment taxation.”

What are some of the biggest expenses you’re seeing this year? “Roofing, insurance and real property tax are some of the larger expenditures and have heavy impacts. However, the cost of labor from service providers has substantially increased over the last six months. This is largely due to insurance premium increases, and higher wages needed to lure experienced employees due to the low unemployment rate. This produced an increase higher than the 3.5 percent to 4 percent step-up usually seen in our industry.”

Please be sure to check out this article and more from PBN here!

Luxury Home Magazine Issue 10.6, Elite Edition

LHM 10.6 EliteFor all of our agents, clients and contacts, we will now begin posting Elite Pacific’s portion of advertisements from Luxury Home Magazine. Elite takes pride in continually dominating this publication with all of our amazing listings and participation from our agents and division support.

Feel free to share this link to anyone who has yet to pick up a hard copy of the magazine and stay tuned for the next issue!