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Local Industry News & Notes for Sunday, March 23, 2008
• Hawai‘i banks lower interest rates
• Outrigger to manage Koloa Landing
• Kaua‘i’s first Westin vacation ownership resort opens April 11
• Matson VP to retire after 40 years in maritime industry
• Cash flow analysis workshop
• CB Richard Ellis earns EPA award
• T-shirt company hosts grand opening
Hawai‘i banks lower interest rates
First Hawaiian Bank, Central Pacific Bank and Bank of Hawaii this week lowered their base rates, following in the Federal Reserve’s footsteps.
Hawai‘i banks’ prime lending rates went from 6 percent to 5.25 percent, effective Wednesday.
The prime rate is a benchmark for interest rates on many types of loans.
The Fed on Tuesday cut interest rates by three-quarters of a percentage point to 2.25 percent, the lowest level since December 2004.
Outrigger to manage Koloa Landing
Outrigger Enterprises Group will manage the $285 million Koloa Landing project in Po‘ipu. The 24-acre, luxury resort condominium is scheduled for completion in 2009.
Koloa Landing will feature 323 two-, three-, and four-bedroom upscale condominiums with luxury resort amenities. For more information, visit KoloaLanding.com.
Kaua‘i’s first Westin vacation ownership resort opens April 11
Starwood Vacation Ownership will open its first resort on Kaua‘i — the third in Hawai‘i — with The Westin Princeville Ocean Resort Villas on April 11.
Located on Kaua‘i’s North Shore, the oceanfront property comprises 18.5 acres. The resort will feature 179 two-bedroom villas, four pools, three whirlpools, a two-story clubhouse, a restaurant and general store.
Villas will also be offered as nightly rentals for visitors seeking larger accommodations for family travel or longer stays.
Rack rates will start at $600 to $1,400 per night for a studio to two-bedroom villa, respectively. The hotel is currently offering introductory discounts.
Starwood Vacation Ownership is a subsidiary of Starwood Hotels & Resorts Worldwide Inc.
Matson VP to retire after 40 years in maritime industry
Gary North, a senior vice president at Matson Navigation Co., will retire April 1 after a 40-year career, 27 of which were spent with Matson.
Among his accomplishments, North helped start Matson’s Guam service. Most recently, he has worked with the Hawaii Harbors Users Group to modernize the state’s port facilities.
North joined Matson in 1967 as a cargo planner in Hawai‘i’s freight department. He held management and executive posts with Seatrain Lines and U.S. Lines in the following decades. He rejoined Matson in 1987 as vice president and Hawai‘i area manager. He was promoted to vice president of operations two years later. North was promoted to senior vice president of Matson in 1993.
North will continue to serve as chair of Hawaii Harbors Users Group and will have a consulting role in various key initiatives involving Matson’s operations in the Pacific.
Matson provides ocean transportation, intermodal and logistics services. Matson is a wholly owned subsidiary of Alexander & Baldwin Inc. of Honolulu.
Cash flow analysis workshop
The Hawai‘i Small Business Development Center will host a workshop on cash flow analysis from 5:30 p.m. to 7 p.m. April 8, 15 and 22.
The workshop will discuss what a cash flow projection is, how it is put together, and how to use it in planning for the future.
Judith A. Arrigo, owner of JAA & Associates, will lead the class. As an accountant, Arrigo provides accounting consulting for small business and nonprofit organizations. She also leads training seminars in financial management for legal service organizations.
The workshops will take place at Kaua‘i Community College. The cost is $125 for the three sessions.
The deadline to register is March 31. For more information, call Darlene Kaui at 241-3148.
CB Richard Ellis earns EPA award
The U.S. Environmental Protection Agency has named CB Richard Ellis Group Inc. as its 2008 Energy Star Partner of the Year for outstanding energy management and reductions in greenhouse gas emissions.
The company, which manages more than 7,900,000 square feet of commercial real estate in Hawai‘i, will be recognized in Washington, D.C., on April 1.
CB Richard Ellis’ smart energy management practices and investments throughout its operations resulted in significant energy and financial savings.
In May 2007, the company announced a commitment to become carbon neutral in its own operations by 2010. In addition, it assists its clients with energy efficiency programs at the 1.7 billion square feet of building space it manages around the world.
One Main Plaza in Wailuku, Maui, was the first Ellis-managed building to receive the EPA Energy Star Award last November.
T-shirt company hosts grand opening
ATC LLC, a Christian T-shirt and custom screening company, will host its grand opening from 9:30 a.m. to 4:30 p.m. on Saturday. The event will include refreshments and gifts.
ATC creates T-shirts, tank tops, sweatshirts and more for businesses, schools, teams or events.
The business is located at 1544 Haleukana St. No. 12 in the Puhi Industrial Park. ATC is open Mondays through Fridays from 9 a.m. to 4 p.m., and Saturdays from 10 a.m. to 4 p.m.
For more information, call 346-6072.
• Outrigger to manage Koloa Landing
• Kaua‘i’s first Westin vacation ownership resort opens April 11
• Matson VP to retire after 40 years in maritime industry
• Cash flow analysis workshop
• CB Richard Ellis earns EPA award
• T-shirt company hosts grand opening
Hawai‘i banks lower interest rates
First Hawaiian Bank, Central Pacific Bank and Bank of Hawaii this week lowered their base rates, following in the Federal Reserve’s footsteps.
Hawai‘i banks’ prime lending rates went from 6 percent to 5.25 percent, effective Wednesday.
The prime rate is a benchmark for interest rates on many types of loans.
The Fed on Tuesday cut interest rates by three-quarters of a percentage point to 2.25 percent, the lowest level since December 2004.
Outrigger to manage Koloa Landing
Outrigger Enterprises Group will manage the $285 million Koloa Landing project in Po‘ipu. The 24-acre, luxury resort condominium is scheduled for completion in 2009.
Koloa Landing will feature 323 two-, three-, and four-bedroom upscale condominiums with luxury resort amenities. For more information, visit KoloaLanding.com.
Kaua‘i’s first Westin vacation ownership resort opens April 11
Starwood Vacation Ownership will open its first resort on Kaua‘i — the third in Hawai‘i — with The Westin Princeville Ocean Resort Villas on April 11.
Located on Kaua‘i’s North Shore, the oceanfront property comprises 18.5 acres. The resort will feature 179 two-bedroom villas, four pools, three whirlpools, a two-story clubhouse, a restaurant and general store.
Villas will also be offered as nightly rentals for visitors seeking larger accommodations for family travel or longer stays.
Rack rates will start at $600 to $1,400 per night for a studio to two-bedroom villa, respectively. The hotel is currently offering introductory discounts.
Starwood Vacation Ownership is a subsidiary of Starwood Hotels & Resorts Worldwide Inc.
Matson VP to retire after 40 years in maritime industry
Gary North, a senior vice president at Matson Navigation Co., will retire April 1 after a 40-year career, 27 of which were spent with Matson.
Among his accomplishments, North helped start Matson’s Guam service. Most recently, he has worked with the Hawaii Harbors Users Group to modernize the state’s port facilities.
North joined Matson in 1967 as a cargo planner in Hawai‘i’s freight department. He held management and executive posts with Seatrain Lines and U.S. Lines in the following decades. He rejoined Matson in 1987 as vice president and Hawai‘i area manager. He was promoted to vice president of operations two years later. North was promoted to senior vice president of Matson in 1993.
North will continue to serve as chair of Hawaii Harbors Users Group and will have a consulting role in various key initiatives involving Matson’s operations in the Pacific.
Matson provides ocean transportation, intermodal and logistics services. Matson is a wholly owned subsidiary of Alexander & Baldwin Inc. of Honolulu.
Cash flow analysis workshop
The Hawai‘i Small Business Development Center will host a workshop on cash flow analysis from 5:30 p.m. to 7 p.m. April 8, 15 and 22.
The workshop will discuss what a cash flow projection is, how it is put together, and how to use it in planning for the future.
Judith A. Arrigo, owner of JAA & Associates, will lead the class. As an accountant, Arrigo provides accounting consulting for small business and nonprofit organizations. She also leads training seminars in financial management for legal service organizations.
The workshops will take place at Kaua‘i Community College. The cost is $125 for the three sessions.
The deadline to register is March 31. For more information, call Darlene Kaui at 241-3148.
CB Richard Ellis earns EPA award
The U.S. Environmental Protection Agency has named CB Richard Ellis Group Inc. as its 2008 Energy Star Partner of the Year for outstanding energy management and reductions in greenhouse gas emissions.
The company, which manages more than 7,900,000 square feet of commercial real estate in Hawai‘i, will be recognized in Washington, D.C., on April 1.
CB Richard Ellis’ smart energy management practices and investments throughout its operations resulted in significant energy and financial savings.
In May 2007, the company announced a commitment to become carbon neutral in its own operations by 2010. In addition, it assists its clients with energy efficiency programs at the 1.7 billion square feet of building space it manages around the world.
One Main Plaza in Wailuku, Maui, was the first Ellis-managed building to receive the EPA Energy Star Award last November.
T-shirt company hosts grand opening
ATC LLC, a Christian T-shirt and custom screening company, will host its grand opening from 9:30 a.m. to 4:30 p.m. on Saturday. The event will include refreshments and gifts.
ATC creates T-shirts, tank tops, sweatshirts and more for businesses, schools, teams or events.
The business is located at 1544 Haleukana St. No. 12 in the Puhi Industrial Park. ATC is open Mondays through Fridays from 9 a.m. to 4 p.m., and Saturdays from 10 a.m. to 4 p.m.
For more information, call 346-6072.
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Related headlines
- Local Industry News & Notes for Sunday, November 9, 2008
- Local Industry News & Notes for Sunday, November 23, 2008
- Local Industry News & Notes for Sunday, January 18, 2009
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