VEF Advisors sells Honolulu office complex

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VEF Advisors LLC, an affiliate of Apollo Real Estate Advisors L.P., has sold a 454,000-square-foot office development in Honolulu, Hawaii. The value of the transaction was not disclosed. The site, located at 1132 Bishop St., consists of a 24-story office tower and attached three-story office building with a total 444,000 square feet, a 10,000-square-foot retail building and an underground parking garage with 569 spaces. The complex was 78 percent leased at the time of sale. Douglas Emmett Realty Advisors purchased the property. Atlanta, Ga.-based VEF Advisors LLC is a privately held real estate investment management company. *** What's your opinion? Send your Letter to the Editor to