Two development companies team up to take extended-stay hotels to the next level

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IRVINE, CA — KZ Companies is working with Value Place, the largest economy extended-stay hotel brand in the U.S., to build twelve new hotels in Southern California. Some of the new Value Place properties will be corporate owned and operated while others will be developed by Value Place franchises.

Mark Zimmerman says, “Housing and lodging costs are particularly challenging for travelers and new residents here, which is one of the reasons Value Place is a great fit.”

Featuring remarkably affordable weekly rates, rigorous cleanliness standards and secure temporary lodging, Value Place delivers an unparalleled commitment to the comfort, privacy, and peace of mind of each guest.

Western Real Estate Business reached out to Mark Zimmerman, KZ Companies’ Co-Founder and David Redfern, Value Place’s President to discuss the value of their partnership. Read the article “Is Extended-Stay Here to Stay?” here.

Construction Finish: Honolulu, Hawaii

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HONOLULU, HAWAII – As featured in an article by the Pacific Business News, KZ Companies is finished construction of its second Longs Drugs in Downtown Honolulu.

KZ Companies finished construction of a 8,860 SF Long’s Drugs store in the Davies Pacific Center located in the heart of downtown Honolulu. The 22-story office property is a unique opportunity to expand Longs’ urban footprint in downtown Honolulu. This store was featured in a Pacific Business News article write-up which can be viewed at this link: http://www.bizjournals.com/pacific/news/2013/07/22/longs-drugs-opens-its-second-store-in.html?surround=etf&ana=e_article

Construction Start in Hauula, Hawaii

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HAUULA, HAWAII – The subject site is located in Hauula on the windward side of Oahu between the North Shore and Kaneohe. It lies within an existing Tamura’s Market anchored shopping center, a prominent local grocer. KZ Companies will be extensively remodeling the existing building into a 26,500 SF Longs Drugs. KZ Companies is anticipating a grand opening in the fall of 2013.

KZ Companies project featured in Pacific Business News

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KAPAA, HAWAII – As featured in an article by the Pacific Business News, KZ Companies will be developing a brand new Long’s Drugs in Kapaa on the island of Kauai. The Kapaa project is currently a coconut grove that was established over a 100 years ago and because of old age has been dying in recent years. We are working closely with community stakeholders to design the site around the coconut grove. We have made great efforts to rehabilitate the grove, improve drainage, and blend the building architecture into the surrounding master plan. Our goal is to improve Longs Drugs services to the community while keeping our development consistent with the rich history of the site and surrounding area. This Longs Drugs will be the first drive-thru pharmacy on the island of Kauai, and will expand all services currently being offered by Longs Drugs in the marketplace.

Article featured in the BizJournal.

Construction Completed: Waimea, Hawaii

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WAIMEA, HAWAII – KZ Companies has completed construction on a 23,008-square-foot Long’s Drugs in Waimea on behalf of CVS/pharmacy. The $10.3-million store was built on two land parcels totaling 2.27 acres. They are located at 65-1271 Kawaihae Road. The full-service pharmacy will replace a smaller, 1,424-square-foot Long’s Drugs that is located in an adjacent center. The store is expected to serve nearly 15,000 residents on the Big Island’s north Kohala upcountry coast. This is the ninth new Long’s Drugs that KZ Companies has completed in Hawaii in the past six years.

Construction Completed: Hauula, Hawaii

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HAUULA, HAWAII – KZ Companies completed construction on the intensive remodel of a 26,500 SF as-is inline Long’s Drugs building. The site is within an existing 6.5 acre shopping center anchored by Tamura’s Market which sits in the middle of Hauula fronting Kamehameha Highway.

Construction Start: Honolulu, Hawaii

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HONOLULU, HAWAII – KZ Companies started construction of a brand new 23,000 SF Long’s Drugs store.

KZ Companies started construction of a brand new 20,114 SF Long’s Drugs store at the intersection of King & Young Street in the neighborhood of Makiki in Honolulu, Hawaii. This exciting project is in one of the busiest neighborhood in Honolulu, both from a traffic and diverse commercial activity perspective. We anticipate an in service date in the summer of 2014.

Construction Start: Honolulu, Hawaii

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HONOLULU, HAWAII – KZ Companies started construction of a 8,860 SF Long’s Drugs store in the heart of Honolulu.

KZ Companies started construction of a 8,860 SF Long’s Drugs store at the first floor of the Davies Pacific Center office property. This 22-story office property is in the heart of downtown Honolulu and will be a great addition to the Long’s Drugs portfolio. The construction consists of a TI job combining two existing suites into 8,860 SF to create a new urban longs store out of a raw shell space.