Pacific Business News May 6, 2016

Page 1

Eye on the money

Marion Higa on why she joined a credit union board SOCIAL CAPITAL, 31

RETAIL

SWEET STRATEGY Aloha Petroleum’s CEO finds coffee and donuts a natural complement to the state’s largest gas station chain. DUANE SHIMOGAWA, 3

Kakaako condo development 20

KOA RIDGE RISING

PLUS: Building Kakaako Special Report by Duane Shimogawa, 16-19

Airlines 22

15 YEARS LATER THAN EXPECTED AND DOUBLE THE PRICE BY DUANE SHIMOGAWA, 12-15

RAIL

TOURISM

REAL ESTATE

Former mayor excited by progress

Airbnb’s $353M spending habit

Downtown vacancy rate on the rise

Mufi Hannemann, whose administration launched the project, says once people see the rail system in action, they’ll want to ride.

A new report finds visitors who use the alternative accommodations site spend more per day than those who book more traditional lodging.

Oahu’s office market sees the vacancy rate decline, and reduced operating expenses cut gross asking rents, a new report says.

KATHLEEN GALLAGHER, 4

LORIN ELENI GILL, 6

DUANE SHIMOGAWA, 8

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PACIFIC BUSINESS NEWS

READERS GUIDE R PEOPLE

IN THE ISSUE

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HART unveils first rail car

May 13: RRCommercial Real Estate Deals 2015

Hannemann, 4

Iwase, 11

RRVacant Land Deals 2015 Want to be on The List? Email Lucy Tuitupou at ltuitupou@ bizjournals.com to request a survey.

Check out PBN photographer Tina Yuen’s images at bizj.us/1md3b2

REPRINTS Kaneshige, 18

DiGrazia, 30

ABC

Lichty, Pamela.............. 7 Los Banos, Aedward.... 19

Apo, Todd................... 16 Bonham, Carl.............. 12 Brewbaker, Paul.......... 12 Caldwell, Kirk............... 4 Cassiday, Ricky........... 12

DEF

MNO

Majkut, Gerry............. 18 Martin, Ernie ................ 4

PQR

DiGrazia, Tom............. 30 Floyd, Shelby................ 7

Parry, Richard............... 3

GHI

Salaveria, Luis.............. 4 Saunders, Harry.......... 12 Savio, Peter................ 12 Tatibouet, André .......... 6 Thielen, Laura............... 6 Toy, Joe........................ 6

Garth, Christopher ....... 7 Hanabusa, Colleen ........ 4 Hannemann, Mufi......... 4 Horner, Don.................. 4 Iwase, Randy................ 8

JKL

Kaneshige, Glen.......... 18 Kaulukukui, Kaiili........ 16

R COMPANIES ABC

Aloha Petroleum Ltd..... 3 American Savings Bank. 4 Castle & Cooke Hawaii. 12

DEF

Dunkin’ Donuts............. 3

GHI

Hawaii Commercial Real Estate.......................... 8 Hawaii Community Development Authority... ................................. 19 Hawaii Department of Business, Economic Development and Tourism 4 Hawaii Strategic Development Corp. ...... 4 Hawaiian Dredging Construction Co.......... 18 Hawaiian Electric Co..... 8 HI Growth Initiatiive ..... 4 Honolulu Authority for Rapid Transportation.... 4 Honolulu International Airport......................... 3 Hospitality Advisors ..... 6

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VWXYZ

Wacker, Richard............ 4 Wang, Cynthia.............. 6

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IN THE ISSUE

EDITOR-IN-CHIEF: A. Kam Napier 808-955-8030, knapier@bizjournals.com

JKL

Kobayashi Group.... 18,19

MNO

NextEra Energy Inc....... 8 Nordic PCL Construction.. ................................. 18 OliverMcMillan........... 16

PQR

Ritz-Carlton Residences, Waikiki Beach............... 6

STU

Stanford Carr Development.............. 19 Subway........................ 3 Surfjack Hotel & Swim Club............................. 6 The Howard Hughes Corp. ....................... 16,18,19 The MacNaughton Group. ............................ 18,19 University of Hawaii Economic Research Organization.............. 12

VWXYZ

Waikiki Hilton Garden Inn. ................................... 6

R  CORRECTIONS

In last week’s Pupu Platter, PBN misspelled Hui Malama O Ke Kai and Earl Kawa‘a’s name. PBN regrets the errors. Fair and accurate coverage is at the heart of our mission. We will promptly print corrections of substantive errors. If you believe incorrect or unfair information has appeared in Pacific Business News, please contact Editorin-Chief A. Kam Napier.

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MAY 6, 2016

NEWS DOLLARS TO DONUTS:

Why Richard Parry is betting on diversification BY DUANE SHIMOGAWA dshimogawa@bizjournals.com 808-955-8036, @PBNDuane

The head of Aloha Petroleum found a sweet solution to grow the company’s convenience store business: a franchise deal with Dunkin’ Donuts to open 15 stores in Hawaii. Richard Parry, president and CEO of Aloha Petroleum Ltd., told PBN this week the company decided to go after Dunkin’ Donuts after noticing that the convenience store side of the business was starting to grow. “There was a lot of demand for food offerings, quickly and conveniently,” he said. “Customers were looking for more options. We thought some franchises would be good to look at, and that’s when we started talking to Dunkin’ Donuts.” About 18 months later, the talking turned into an actual deal. “We identified the Dunkin’ Donuts brand, and it was growing like crazy on the Mainland and internationally, but it didn’t have a presence in Hawaii,” he said. Dunkin’ Donuts first opened here

Aloha Petroleum Ltd. plans to open 15 Dunkin’ Donuts stores in Hawaii under a new franchise agreement.

BLOOMBERG

in 1966 but hasn’t had a presence in the Islands in years. The re-entry into the Hawaii market will put Dunkin’ Donuts on the map in 42 states. The first Dunkin’ Donuts store will open near Honolulu International Airport next year. Parry told PBN the company has signed a lease for a location near the airport but declined to specify exactly where. The company is looking at opening Dunkin’ Donuts stores on Maui, Kauai and the Big Island, as well as

Oahu. “We’re in discussions with two or three other locations,” he said. “We are also looking at where we have gas stations and convenience stores. In Hilo, there’s a vacant piece of land near an Aloha Gas station and a convenience store that we may look into leasing.” Locations could also include freestanding restaurants, displays in existing stores, restaurants within malls, gas station convenience

stores, travel plazas and universities among other real estate formats. Aloha Petroleum also is targeting areas between Downtown Honolulu and Waikiki, as well as residential areas such as Hawaii Kai, Mililani and Kapolei where commuters can grab coffee — Dunkin’ Donuts is the largest coffee-by-the-cup retailer in the U.S. — and donuts before heading to work or school in town. The Dunkin’ Donuts expansion to Hawaii is expected to create up to 40 new jobs. Parry said Aloha Petroleum may be looking into expanding its Subway restaurants presence across the Islands as well with more locations. Aloha Petroleum employs more than 630 people and encompasses 100 Shell, Aloha, and Mahalobranded gas stations, and 46 Aloha Island Marts, four Menehune Food Marts and two Subways throughout the state. The state’s largest independent gas station owner, and one of the biggest convenience store operators, was purchased by Houston-based Sunoco LP in 2014 for $240 million.

Paid advertisement

Hawaiiana Reports Winning First Quarter 2016 Results 21 major clients awarded management contracts to Hawaiiana

H

awaiiana Management Company today announced winning results for first quarter 2016. Among the company’s achievements during the first three months of 2016 was the signing of new business contracts on 21 major real estate developments. This new business includes 17 existing condominiums and HOAs and four new condominium developments. New Hawaiiana clients signed during first quarter 2016 include Aloha Pacific Center Commercial Condominium Association (Oahu), Kalihiwai Ridge Community Association (Kauai), Napili Bay Condominium Association (Maui) and Estate Villas at Hualalai Condominium Association (Big Island). During the first quarter of 2016, Hawaiiana’s administrative assistants provided meeting checkin, proxy administration, ballot tally and minutes preparation for nearly 400 annual association meetings on six Hawaiian Islands. Among them was the 8,000 member Ewa by Gentry Community Association. Also, for the ninth year in a row, Hawaiiana was ranked number one Condominium Association Manager by Pacific Business News. Hawaiiana’s total units managed surpassed the total management portfolios of the next three companies COMBINED. Particularly noteworthy is that Hawaiiana’s successful new business growth has been one-client-at-a-time. This is extremely

Shown are Hawaiiana’s top notch administrative staff, who provided meeting check-in, proxy administration, ballot tally and minutes preparation for nearly 400 annual association meetings during the first quarter of 2016. The team is led by Executive Vice President Charla Trevenen (near center, wearing lei). 21 major clients awarded management contracts to Hawaiiana during the company’s first quarter.

unusual. Locally and nationwide, most other large property management companies have grown by purchasing or merging with other small companies. In Hawaiiana’s case, boards of directors, building owners and managers, the top real estate developers and attorneys have all chosen Hawaiiana. Hawaiiana, with offices on Oahu, Maui, The Big Island and Kauai, employs a staff of 200 and provides payroll administration for 1900 client site employees. All of Hawaiiana’s employees are based in the State of Hawaii and contribute to Hawaii’s community and Hawaii’s economy in countless ways.

For more information about Hawaiiana’s awardwinning services, contact Phyllis Kacher, Senior Executive Vice President at 593-6896 or email phyllisok@hmcmgt.com.

phyllisok@hmcmgt.com (808) 593-6896 www.hmcmgt.com


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PACIFIC BUSINESS NEWS

ON MONEY, TECH & TRANSPORTATION BY KATHLEEN GALLAGHER

I KGALLAGHER@BIZJOURNALS.COM

@PBNKATHLEEN

808-955-8046

Hannemann excited by rail progress

M

ufi Hannemann, the former mayor of Honolulu who launched the city’s rail project, was on hand this week for the unveiling of the project’s first rail car. Hannemann, who is currently president and CEO of the Hawaii Lodging and Tourism Association, spoke to PBN about the project and the recent changes to the Honolulu Authority for Rapid Transportation, which is overseeing the project. “It’s going to be like Disneyland,” Hannemann said. “Once the residents try out the first ride, they are just going to want to come back for more. We just need to get them on the train.” Hannemann said a discussion on whether to open the first 10 miles of the 20-mile route as soon as 2018 is the best news he’s heard in a while. “Once people ride it, a lot of the opposition will disappear and the people will become the ones clamoring for the federal government to support funding.” However, until that happens, Hannemann said he would like to see “stronger leadership from [Mayor Kirk Caldwell].” “The decision is irreversible,” he said. “There is no turning back. We just need to be supportive.” Hannemann had praise for Don Horner, who stepped down from his post as HART chairman after City Council Chairman Ernie Martin called for his resignation. “He served as an invaluable contributor,” Hannemann said of Hor-

R BIG

“It’s going to be like Disneyland. Once the residents try out the first ride they are just going to want to come back for more. We just need to get them on the train.” MUFI HANNEMANN, former Honolulu mayor

TINA YUEN PHOTOS

Mufi Hannemann checks the head room inside the city’s first rail car.

ner. “It’s sad they couldn’t find a place for him on the board. He is going to be missed. His institutional knowledge was invaluable.” Since Horner’s departure, Colleen Hanabusa, a former state senator and congresswoman, has taken over as chairwoman. Hannemann said he understood she was the one Caldwell and Martin indicated they wanted for the post.

AMERICAN SAVINGS BANK

NUMBER: $1 MILLION

Tech growth program gets fraction of funding request The Hawaii Strategic Development Corp.’s request for $5 million to support Hawaii’s high tech industry through the HI Growth Initiative failed to win approval from the state Legislature this year. However, lawmakers then announced $1 million for the initiative would be included in the state budget bill, which won final passage Tuesday and awaits Gov. David Ige’s signature. “We are thankful that the Legislature appropriated $1 million to support our HI Growth program,” said Luis Salaveria, the director of the Department of Business, Economic Development and Tourism. “The approved funds will allow us to continue the momentum with our startup paradise here in Hawaii, and we look forward to making an even

“She has a history with everything and understands its too late to change the direction,” he said. “So it’s just about transparency.” The city’s first four rail cars arrived at Honolulu Harbor last month and were transported to the operations center near Leeward Community College in Pearl City, where they underwent additional exterior and interior work. The rail car, which cost $8.8

stronger case next year. DBEDT is committed to supporting innovation to ensure Hawaii’s entrepreneurs can achieve success in today’s global economy.” The original request to allocate $5 million from corporate income taxes was deleted from a draft budget by the House, but was then reinserted by the Senate. However, it initially didn’t survive conference committee. The surprise reversal means the money will go into the Hawaii Strategic Development Corp. revolving fund and take effect on July 1, if signed into law. A recent analysis by the University of Hawaii Economic Research Organization found that every dollar the state invested in the HI Growth Initiative yielded $12 in private investment. Fifty startups have graduated from two Hawaii-based accelerators with this support, attracting $20 million in follow-on investments.

Headquarters plans put on hold after iwi discovery American Savings Bank has put work on its new corporate headquarters on hold as it deals with the discovery of iwi kupuna, or ancient human remains, discovered at the site near Downtown Honolulu, according to President and CEO Richard Wacker. “As we were in the final stages of getting ready to go, we located some human remains,” Wacker told PBN. “The Oahu Island Burial Council will decide on a burial treatment plan.” Wacker said the bank is “allowing the process to take its course” and noted that it’s hard to predict how long the process will take. American Savings Bank’s new 350,000-squarefoot corporate campus will consolidate the bank’s administrative offices, which are spread across several downtown buildings, and include a new groundfloor branch that will be in addition to its existing Chinatown location.


5

MAY 6, 2016

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PACIFIC BUSINESS NEWS

ON TOURISM BY LORIN ELENI GILL I LGILL@BIZJOURNALS.COM

@PBNELENI

808-955-8035

Report details $353M Airbnb spending

V

isitors who stay at Airbnb homes in Hawaii appear to spend more on average per day than their hotel visitor counterparts, a new report by Hospitality Advisors found this week. Hospitality Advisors took a closer look at visitor expenditures related to the alternative accommodations economy and found that Airbnb guests spent $353 million last year — more per day than guests of any other accommodations category in Hawaii. The economic impact study was conducted by Hospitality Advisors LLC on behalf of Airbnb, “in the spirit of transparency to share data to help Hawaii policymakers and community members understand the impacts of our platform,” said Cynthia Wang, Airbnb public policy manager. Average per-person daily visitor spending by Airbnb guests was $274 — more than hotel, condominium, time share, bed and breakfast, and rental house visitors’ daily expenditures, according to the report. While there may be some overlap, since Airbnb guests simply use the platform to book such accommodations, the higher Airbnb spending averages are likely due to compressed spending by large Airbnb parties during shorter visits, according to Hospitality Advisors President and CEO Joe Toy, who noted that the typical Airbnb length of stay is 4.7 days. Airbnb guests spent an average of $1,302 per trip. Total spending by Airbnb guests on lodging last year reached approximately $90 million. Transient accommodations tax

R NOW

CONDO HOTEL AND ALTERNATIVE ACCOMMODATIONS INVENTORY Total

Condo Hotel

Vacation Rentals

25,000

23,154

20,000 15,000 10,942

10,000

10,768

5,000

1,444

0 2008

2009

2010

2011

2013

2014

2015

SOURCE: HAWAII TOURISM AUTHORITY

DAILY PER PERSON VISITOR EXPENDITURES BY ACCOMMODATION USE* Airbnb

Hotel

Condo

Time Share

B&B

Rental House

Lodging

$71

$116

$85

$47

$71

$77

Food & Beverage

$77

$42

$32

$35

$35

$33

Entertainment

$15

$20

$13

$16

$15

$14

Transportation

$50

$18

$17

$18

$29

$20

Shopping

$40

$30

$16

$19

$15

$14

Other

$22

$4

$3

$3

$4

$3

Total

$274

$230

$166

$138

$169

$161

* Airbnb daily expenditures include spending by guests staying at B&B, rental houses and condos, apartment hotels, hostels, cottages, bungalows and other alternative accommodations. SOURCES: AIRBNB, HAWAII TOURISM AUTHORITY

and general excise tax revenue generated by Airbnb was estimated to reach $23.8 million, approximately $12.2 million of which was through housing revenue, and $11.6 million in G.E.T. derived through retail and non-lodging expenditures. The report also reveals a decline in the number of units in the condo hotel inventory while the number of vaca-

tion rentals rises. Toy said the report underscores the fact that alternative accommodations have always been a trend in the Islands. “There has been a movement of unit owners that have been opting out of hotel pools and selling them as individual units, and that’s been going on for quite some time,” Toy said. Using the Airbnb platform has also

R HE

READY FOR RESERVATIONS

Three new Waikiki hotels are now taking reservations for June.

WAIKIKI HILTON GARDEN INN The 623-room hotel, which recently completed a $115 million redevelopment, will be the largest

2012

* Includes B&Bs, apartment rental units, hostels, bungalows and other similar alternative rentals.

OPEN

SURFJACK HOTEL & SWIM CLUB The 112-room and -suite hotel is already accommodating guests and includes Ed Kenney’s Mahina & Sun’s restaurant.

Other Rentals*

Hilton Garden Inn to date. RITZ-CARLTON RESIDENCES, WAIKIKI BEACH The 324-unit, 37-story “West” hotel tower, which was developed by California developer Irongate, will include a Dean & DeLuca store, and the Sushi Sho and BLT Market restaurants.

helped Hawaii residents earn supplemental income, the study found. “For local hosts, the income earned from Airbnb is equivalent to an 11 percent raise for the typical Oahu household and 8 percent raise for the typical Maui household,” Wang said. While Airbnb requested the study, the company is not the only major rental company that posts Hawaii listings online. Hospitality Advisors found Airbnb had 9,889 units, compared with VRBO’s 18,119 units; 17,039 units on Homeaway (which owns VRBO); and Flipkey’s 8,123. Some listings may be duplicated, as properties may be advertised on more than one site. Overall, the impact of online alternative accommodations companies has just given “structure to an unstructured market,” Toy said, noting the entire industry accounts for $3.7 billion a year, compared with Airbnb lodging/room revenue of $89 million. Toy said he hopes the study can assist lawmakers as they craft future policies. Meanwhile, the Legislature this week passed a bill that would allow Airbnb and other alternative accommodations sites to collect and remit the taxes. Airbnb’s Wang said it will “enable hosts to pay their fair share of G.E.T. and T.A.T.,” but state Sen. Laura Thielen, D-Kailua-Hawaii Kai, who voted against the measure, said it was “bitterly disappointing” and does not hold Airbnb accountable for any illegal property listings. Read more online at bizj.us/1mdpg0

SAID IT

“We’re finding ways to retain the old flavor of what was once Waikiki.” ANDRÉ TATIBOUET, principal, Hawaii Hotel Consultants, and co-owner, Surfjack Hotel & Swim Club, on the Lewers Street hotel’s launch. The building’s new decor pays homage to its 1960s origin, with a vintage surf theme.


MAY 6, 2016

HEALTH CARE

BY LORIN ELENI GILL

July 15 may not be realistic for some licensees MEDICAL MARIJUANA LICENSEES:

RR City and County of Honolulu: Thomas Wong of Aloha Green Holdings Inc., Tan Yan Chen of TCG Retro Market 1 LLC dba Cure Oahu, and Brian Goldstein of Manoa Botanicals LLC. RR Big Island: Shelby Floyd of Hawaiian Ethos LLC and Richard Ha of Lau Ola LLC RR Maui County: Gregory Park of Maui Wellness Group LLC and William Mitchell Jr. of Pono Life Sciences Maui LLC RR Kauai County: Justin Britt of Green Aloha Ltd.

The first eight Hawaii medical marijuana dispensary licensees have been named, but will any be able to open dispensaries on July 15, as the law permits? Time-consuming growing processes and banking obstacles could pose significant setbacks, officials say. Grow time for the marijuana plant can take three to four months, said Pamela Lichty, president of the Drug Policy Forum. “Speaking from a botanical point of view, can they really get things growing?” she said. Retired Honolulu attorney Shelby Floyd, whose company, Hawaiian Ethos, was awarded one of the dispensary licenses for the Big Island, said banking and drug testing will be the most challenging aspects of the new industry in the months to come. “It’s a bigger issue for those on the Neighbor Islands because we need to pay taxes,” Floyd said. “There are concerns about how, without a banking facility, you pay taxes on Oahu, when the sales are on the Big Island.” Floyd said Hawaiian Ethos has various plans and will still be able to operate. “It is burdensome to do it without having a banking facility and without people being able to use credit cards to purchase the medicine, but we’ve got a couple of things in the works, and we’re hopeful the Legislature and the banks in town will come to realize that this is a market that needs to be supported.” Read more online at bizj.us/1md2ea and bizj.us/1mc9to

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PACIFIC BUSINESS NEWS

ON REAL ESTATE BY DUANE SHIMOGAWA I DSHIMOGAWA@BIZJOURNALS.COM

@PBNDUANE

DUANE SHIMOGAWA

DOWNTOWN VACANCY RATE RISES EVEN AS ISLANDWIDE DROPS Q1 2016 ASKING GROSS RENT (PRICE PER SQUARE FOOT PER MONTH) $4.18

$4.00

$3.00 $2.62

$2.78

$3.88

$3.79 $2.97

$3.63 $2.96

$2.72

$3.16 $3.18

$2.00

$1.00

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Ki ng

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Bu

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Ai rp

or t es s Ce Di st nt ric ra t l& Le ew ar d Ea st O ah u Ka ka ak o Ka lih i/I w ile i Ka pi ol an i Ka po le i

$1.00

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he Honolulu office real estate market had another positive showing in the first quarter of this year with its fourth straight quarter of positive absorption, according to a new report. The space leased in the quarter topped 14,000 square feet, which caused the islandwide vacancy rate to drop to 13.4 percent from 14.2 percent, with most of the decline coming from the removal of the Waikiki Trade Center as its owners begin to convert the building to hotel use. The Honolulu office market report by Hawaii Commercial Real Estate said that the Central Business District continues to struggle as the vacancy rate climbed to 15.6 percent from 15.3 percent. The top-class buildings in the area are in slightly better shape with a vacancy of 14.9 percent. Gross asking rents declined to $3.26 per square foot per month from $3.34 per square foot per month, mainly due to the decline in operating expenses. Hawaii Commercial Real Estate noted that the number of available

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808-955-8036

spaces decreased to 563 from 594 across the island, mainly because of the Waikiki Trade Center conversion. A noticeable trend in the office market has been that operating expenses have been dropping almost

SOURCE: HONOLULU OFFICE REPORT

entirely because of the reduction in energy costs. Real property taxes, insurance and janitorial wages, the other major operating costs, remained the same, the Honolulu commercial real estate

firm said, noting that this decline follows an 81 percent increase in operating expenses during the last 10 years, which was driven by dramatic increases in real property taxes, insurance and until recently, energy costs. The single largest cost of running an office building in Honolulu is energy, most of which is used to produce air conditioning, and with very few exceptions, air-conditioning systems in the area are powered by electricity, which is still generated primarily by burning oil. Energy costs dropped because of lower electricity rates and lower energy consumption. The dramatic drop in oil prices in 2015 from around $100 per barrel to about $30 per barrel has resulted in Honolulu electricity rates dropping from just above 30 cents per kilowatt-hour to just above 20 cents per kilowatt-hour. Hawaii Commercial Real Estate pointed out that the biggest question is how will energy costs remain at their current level and if, or when, we will see significant inflation in the other operating expense items.

ON ENERGY BY DUANE SHIMOGAWA PUC chairman won’t promise a decision on deal by June 3 One of the biggest business deals in Hawaii history could be decided within the next two to three weeks, the head of the Hawaii Public Utilities Commission confirmed to PBN this week. NextEra Energy Inc.’s proposed $4.3 billion acquisition of Hawaiian Electric Co. is in its final stages, with state regulators possibly making a decision by the end of the month. But Randy Iwase, chairman of the state agency charged with making the final decision on the deal, declined to promise a decision by June 3, the deadline set by both companies for getting approvals for

the deal. Iwase told PBN that the PUC staff will write and submit a report to the commissioners — himself, Mike Champley and Lorraine Akiba — who will review the report and all of the other evidence in the case. The commission must review more than 100,000 pages of documents, as well as hundreds of pages of transcripts from 22 days of regulatory hearings. “Hopefully, within the next two to three weeks, the PUC will get closer to a decision that’s based upon all of the documents that have come in and the staff report,” Iwase said, not-

“There’s a possibility we could make it, [but] I wouldn’t say the possibilities are good.” RANDY IWASE,

chairman of the Hawaii Public Utilities Commission

ing that there is a 50-50 chance that a decision will be rendered before the deadline. “There’s a possibility we could make it, [but] I wouldn’t say the possibilities are good.” Both companies could walk away from the deal on June 3. A Wells Fargo Securities report has said the deal has a 50 percent chance of being finalized, and that while both parties remain committed to the merger, NextEra Energy has made it clear it is willing to walk away if it views Hawaii’s terms to be unreasonable. Iwase said if the PUC makes the companies’ June deadline, it makes it, but if it doesn’t, it doesn’t. “We can’t promise that,” he said. “I said from the very beginning that we will look at this carefully. This is a historic case.”


MAY 6, 2016

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PACIFIC BUSINESS NEWS

(Cyan) (Magenta) (Yellow) (BlacK)

NEWS R ELECTIONS

& ACCOLADES

PROPERTIES OF THE PACIFIC LLC Top producers for March: Dale K. Bordner, top salesperson and producer; Sandra M. Mann, top listor BENN PACIFIC GROUP INC. Greg Andrasick was the top producer for the first quarter BANK OF HAWAII Top producers for March, $3 million or more in residential loans: Jenny Gershman, Downtown; Damien Lorentz, Kahala; Brenda Gross Mitchell, Kahala; Jack Smyth, Downtown; Patty Van Kuran, Kahala

Bruce Ekimura Alternate Energy, Inc. Entrepreneurial Success of the Year, City & County of Honolulu Nominated by Lawrence Pai, VP & Sr. Business Banking Team Manager

COLDWELL BANKER PACIFIC PROPERTIES Top producers for March: Raymond Kang, Kahala office, overall top producer; Melinda Pinter, Leeward office, overall top salesperson; Tracy Allen, Honolulu office, overall top listor

R CORPORATE

CITIZENSHIP

NAVATEK LTD. Navatek Ltd. donated its advanceddesign TLB CAT (tandem lifting body catamaran) to Hawaii Pacific University for educational research purposes. The boat is estimated to be valued between $250,000 and $400,000. The total cost of building the boat and research expenses was about $1.2 million, according to Steven Loui, chairman of Navatek Ltd. L to R: Dustin Solu, Lynn Solu, Sugar Hunkins, Dave Hunkins, Marj Hunkins, Jayne Hunkins-Craine, Ryan Simons, Mat Simons

Lynn Solu Kihei Rent a Car, Inc. SBA Family-Owned Small Business of the Year, County of Maui Nominated by Kelli Myers, Sr. Business Banking Officer

Congratulations to this year’s Small Business Administration Winners and Champions. Central Pacific Bank is proud to work for our business customers and applaud their commitment to furthering entrepreneurship in Hawaii.

REGAL ENTERTAINMENT GROUP Regal Entertainment Group donated $25,000 to Make-A-Wish Hawaii at the opening of its new theater at Kapolei Commons. The Boys and Girls Club of Kapolei and the University of Hawaii at West Oahu Media Center also received grants. AT&T Hawaii AT&T employees Elizabeth Gregg and Ryan Lizama were honored for their accomplishments in volunteering and community service by the national company as part of its prestigious President’s Volunteer Service Award. HAWAIIAN AIRLINES As part of an Earth Day demonstration, Hawaiian Airlines flew between Auckland and Honolulu to showcase practices that reduce fuel burn and carbon emissions, which were certified by the Asia and Pacific Initiative to Reduce Emissions. HAWAIIAN ELECTRIC CO. Hawaiian Electric employees, along with IBEW Local 1260, raised $450,000 for Aloha United Way in 2015.

808-544-0500 1-800-342-8422 Member FDIC

centralpacificbank.com

ISLAND INSURANCE FOUNDATION Island Insurance Foundation presented its $25,000 Masayuki Tokioka Excellence in School Leadership Award to Waimea High School Principal Mahina Anguay.


11

MAY 6, 2016

Power breakfast. What you need to know for business.

F R I D AY • M AY 2 0 • 8 : 0 0 A M – 1 0 : 0 0 A M • T H E P L A Z A C L U B Some of the top leaders in Hawaii’s energy industry will discuss NextEra Energy’s proposed $4.3 billion acquisition of Hawaiian Electric, how liquefied natural gas will play out in the state as a replacement for oil, the realities of changing the way we interact with the utility and what opportunities lay ahead for businesses. PANEL OF EXPERTS

ALAN OSHIMA

President & CEO, Hawaiian Electric Company

JOE SATURNIA President, Island Pacific Energy

HERMINA MORITA former Hawaii Public Utilities Commission chairwoman & energy consultant

TED PECK

former administrator, State Energy Office & CEO, Holu Energy

DAWN LIPPERT

Moderated by PBN Energy Reporter DUANE SHIMOGAWA TOPICS TO INCLUDE

FRIDAY, May 20

Z Is the NextEra-HECO deal a good one for Hawaii?

8:00 AM Registration & Breakfast 8:45 AM Program followed by Q & A 10:00 AM Program concludes

Why or why not?

Z Does LNG make sense for Hawaii? Z What is the next breakthrough technology that will help

Hawaii move closer to its 100 percent renewable energy goal?

Z How will Hawaii reach its renewable energy goal? Z What are the challenges of integrating more and more

renewable energy?

ALICIA MOY

Executive Director, Energy Excelerator

President and CEO, Hawaii Gas

SPONSORS

REGISTER ONLINE

HTTP://WWW.BIZJOURNALS.COM/PACIFIC/EVENT/135082

QUESTIONS?

Contact PBN’s Events Director, EMILY PELLIN, at 808-955-8003 or epellin@bizjournals.com

Z And more!!

PROJECT REVENUE STATUS As of April 1, 2016

HART FACTS–MAY 2016 HART CEO Dan Grabauskas answers community questions about rail transit. QUESTION:

REVENUE SOURCE: Project Beginning Cash Balance (Dec. 2009) General Excise Tax (GET) Surcharge2 Federal New Starts Funds Other Federal Transportation Funds Interest Income

TOTAL

Projections to Date 1

Collected or Committed to Date

(in millions) $ 298 3,291 1,550 214 2

(in millions) $ 298 1,259 1,056 4 9

100% 38% 68% 2% –

$5,355

$2,626

49%

Percentage (of projections)

1 - Projections to date from the June 2012 Financial Plan. 2 - Total GET surcharge revenue collected since January 1, 2007, is $1.64 billion (includes $378 million collected before December 2009).

How many rail cars will make up the HART fleet?

DAN GRABAUSKAS: HART will have a fleet of 80 rail cars. Each train will contain 4 cars coupled together, so we’ll have a total of 20 4-car trains. We’ll likely put about 17 or 18 of those trains in service daily. Each 4-car train will be able to carry 650-800 passengers at a time. Trains will run 20 hours a day, from 4 a.m. to midnight. The cars will be cleaned and serviced overnight. Trains will arrive at stations about every 5 minutes during morning and afternoon rush hours, and about every 11 minutes the rest of the day and night. HART’s trains will have a top speed of about 55 miles per hour. Visit the project website www.HonoluluTransit.org for more information.

PROJECT COST STATUS

Current Budget 1

Amount Committed 2

Amount Expended 3

(in millions) $1,159 419 115 1,019 249 191

(in millions) $ 550 302 115 731 234 191

(in millions) $ 340 5 107 583 47 37

$3,152

$2,123

$1,120

$ 198 1,125 474 215

$ 105 1,053 7 0

$ 109 805 1 0

SUB-TOTAL*

$2,012

$1,165

$ 915

TOTAL*

$5,164

$3,289

$2,035

As of April 1, 2016

Guideway & Track Elements Stations, Stops, Terminals, Intermodal Support Facilities; Yards, Shops, Admin Sitework & Special Conditions Systems Vehicles

SUB-TOTAL* Right-of-Way (ROW), Land, Existing Improvements Professional Services (e.g., Planning and Design) Contingency Finance Charges

1 - Current Budget reflects the June 2012 Baseline Budget with executed Budget Transfers. 2 - Approved contract value. 3 - Portion of the work that has been paid. * All costs are rounded to the millions therefore subtotals may not add up to the amounts shown.

DID YOU KNOW? HART trains will be able to go from one end of the 20 mile alignment to the other in just 42 minutes, which includes the time for stops at the 21 stations.


12

PACIFIC BUSINESS NEWS

COVER STORY

CONSTRUCTION GETS THE GO FOR 2017

When the project was first proposed, a single-family home there would have been priced at $300,000. But with the steady rise in construction costs and the passing of time, that price has more than doubled to nearly $700,000. WE’VE GOT THE UPS AND DOWNS OF KOA RIDGE. BY DUANE SHIMOGAWA | DSHIMOGAWA@BIZJOURNALS.COM | 808-955-8036 | @PBNDUANE


13

MAY 6, 2016

COVER STORY

576

LEGEND

MILILANI TOWN

Mililani Memorial Park cemetery

Meheula

a Ave uhan Lanik

Single Family Manor Home - multifamily Row House - multifamily Flats - multifamily

H2

Mixed Use

Pkwy

Midrise - multifamily Commercial

Kameha

Medical

meha H

Elementary School

wy

H2

SOURCE: CASTLE & COOKE HOMES HAWAII INC.

F

WAIPIO

or Harry Saunders, the more than 15 years it’s taken Castle & Cooke Hawaii to get its 3,500-home Koa Ridge master-planned community approved have been frustrating — to say the least. “In many ways, it defies logic, because at the same time, why do we have homeless? Why is the cost of housing so high? We’ve got to have a study as to why?” said Saunders, president of Castle & Cooke Hawaii Inc. “We’re not building enough homes, period. And [these projects] don’t get approved and it costs millions to get them approved.” Now nine years after finishing the last house in Mililani, Castle & Cooke is finally poised to start work on its second major master-planned community in Central Oahu, but at a time when the state’s construction industry is operating at maximum speed in an economy that may be showing signs of a slowdown. In addition to 3,500 homes, Koa Ridge will add a mixed-use commercial center, a hotel and a medical center across the street from Costco in Waipio, as well as light industrial space, parks, an elementary school, a recreation center, churches and open space on hundreds of acres of land between Waipio and Mililani. But the long delay means Koa Ridge will be much costlier — to the developer and to buyers — than originally planned. Saunders, who sat down with PBN in a recent exclusive interview following the project’s final clearance last month by the Hawaii Supreme Court, said the average price of a single-family home at Koa Ridge has more than doubled over the past 10 years to more than $700,000, mainly because of

50

Number of acres for commercial use

28

Number of acres for medical/health care

20

Number of acres for parks

Light Industrial

a Blvd Ka Uk

Total number of acres

Park Infrastructure groundbreaking: early 2017 First commercial and home deliveries: late 2018

12

Number of acres for elementary schools

5

Number of acres for churches and recreation centers

TINA YUEN

From left: Ron Altoon of Altoon Partners LLP, Ryan Kamo of Design Partners Inc., Robert Odermatt of The Odermatt Group and Harry Saunders, Chris Lovvorn and Laura Kodama of Castle & Cooke Homes Hawaii discuss the Koa Ridge project at Castle & Cooke’s headquarters in Honolulu. the steady rise in construction costs. That can be seen in the statistics reported by the Honolulu Board of Realtors. The median price of a single-family home on Oahu in 2002 was $335,000, which, adjusted for inflation, would be $443,436 in 2016 dollars. The median price in March for that same single-family house was $725,000, an increase of 63 percent. The cost of developing Koa Ridge also has risen by 25 percent to $2 billion since the project was first proposed more than 15 years ago. Castle & Cooke first won approval for Koa Ridge from the state Land Use Commission

in 2002, but only got the final go-ahead from the state Supreme Court last month after the high court dismissed an administrative appeal by the Sierra Club, Hawaii Chapter, and former state Sen. Clayton Hee. Opponents of the project have contended that Koa Ridge is developing 576 acres of prime agricultural land and making traffic in the area even worse. Other developers, including Peter Savio, were actually encouraged that Castle & Cooke was able to get its approvals so quickly. CONTINUED ON PAGE 14


14

PACIFIC BUSINESS NEWS

COVER STORY CONTINUED FROM PAGE 13

“Seriously, it is just the way it is,” Savio told PBN. “We are an island, and being slow on taking property out of ag, although painful, may actually be a good thing. We need to be smarter on development and approvals, but I would rather be slow and correct, rather than fast and wrong.” But the delay — not only for Koa Ridge, but others, such as D.R. Horton-Schuler Homes’ planned 11,750-home Hoopili project — is one of the contributing factors to more homes on Oahu becoming less affordable to the majority of the population.

Housing Crunch “Given the need for housing on Oahu, virtually any project is welcome,” Carl Bonham, executive director for the University of Hawaii Economic Research Organization, told PBN in an email. “It is very unfortunate that both Hoopili and Koa Ridge took so long in the planning stage with so many roadblocks along the way. All of that time and effort on the part of Castle & Cooke and D.R. Horton contributes to the high cost of housing.” Hawaii needs nearly 66,000 housing units to be built during the next decade — with 25,847 units for Oahu alone, according to a study by the state Department of Business, Economic Development and Tourism. “For major projects, if you don’t have the big guys who have deep pockets and patience, projects won’t get done,” Saunders said. “Hoopili is an example and we’re an example [of having deep pockets and patience]. The process can be frustrating.” Despite those frustrations, Saunders pointed out that, to him, it was worth the battle and the right thing to do. There was never a thought about pulling the plug on the project. “One reason we can still do it is because of the process,” Saunders said. “There haven’t been enough homes built, but the prices have gone up and it’s going to cost you more.” Prices for homes at Koa Ridge, which will include a mix of single-family and multifamily homes, are expected to range between the mid-$300,000s for one-bedroom condo units to more than $900,000 for five-bedroom single-family homes. Castle & Cooke’s Mililani project took 40 years to complete roughly 16,000 homes in Central Oahu, the last delivered in 2008. But where 65 percent of the homes in Mililani were single-family houses, the majority of the homes planned for Koa Ridge will be multifamily homes such as apartments, condominiums and duplexes. The single-family homes at Koa Ridge also are being built on smaller lots, averaging roughly 3,500 square feet. Saunders reasoned that today’s buyers are dictating the changes in the way the developer is determining its product mix. Off-site construction of Koa Ridge is scheduled to start in the first quarter of 2017, with actual house construction beginning in

RENDERINGS COURTESY CASTLE & COOKE

Koa Ridge will include a mixed-use village center and a gateway commercial area.

KOA RIDGE BY THE NUMBERS

$2 billion Total development cost

ECONOMIC BENEFITS:

2,300

HOMES BREAKDOWN:

Total number of permanent jobs

3,500

1,000

Number of residential units

Number of construction jobs

65%

1,600 Number of indirect jobs per year

Multi-family homes

35% Single-family home HIGH $600,000’S TO $900,000’S Price range for single-family homes

1,100 Number of medical jobs

$8 million

Amount of annual real property tax paid to city after full build-out $4 MILLION Net annual additional operating revenue paid to state after full build-out


15

MAY 6, 2016

COVER STORY

TINA YUEN

Koa Ridge will be built on what is currently agricultural land in Central Oahu between Waipio and Mililani. early 2018 near the Costco in Waipio. “We want to come online with a mix of price points, and there’s an opportunity for the commercial side to be built in the beginning,” Saunders said, noting that the 10- to 15-year project should have an average of about 350 homes built per year. The medical center part of the project also is still happening, with Wahiawa General Hospital planning to move to Koa Ridge. The development, which is located on vacant land between Mililani and Waipio, has 50 acres of commercial space, including big-box stores such as a Walmart or Target, a theater complex and possibly a community hotel. Business opportunities abound for companies that want to get some work at Koa Ridge, including those in the fields of engineering, architecture and construction, among many others. Starting Koa Ridge during a red-hot construction market will be a challenge, but it won’t stop the project from moving forward at different paces. Saunders pointed to Castle & Cooke’s experience in building Mililani that will help the developer with this new master-planned community, which will be built out over 10 to 12 years. “We will adjust and offer different types of financing programs,” he said. “You slow down and speed up. You don’t want to build 500 homes when you only sell 100 homes. When things start to go, you speed up construction and try to get people in when you get demand. Generally, the middle-priced homes do better in the bad times.” Some real estate experts are confident in Castle & Cooke’s ability to deliver the project in its entirety. “They’ve done this before and they can calibrate,” Ricky Cassiday, a Hawaii real estate analyst, told PBN. “You sink your infrastructure and then drag it out as long as you can. Since this is a multiyear project, it could bridge two cycles. What usually happens in a cycle is, at the bottom, everybody is at the bottom. Costs are low, so they can go and start building stuff, and as costs go up, they can raise prices.”

CASTLE & COOKE PROJECTS DEVELOPED IN HAWAII OVER THE LAST 50 YEARS: COMMUNITY

UNITS

YEAR COMPLETED

400 Keawe

96

2016

Hooani

62

2014

Villages of Kapolei

1,164

2013

Wai KaloI at Makakilo

275

2009

Wehilani at Waikoloa

157

2009

Mililani Mauka

6,122

2007

Waipio Point

66

2007

Royal Kunia Phase I

1,879

2004

Renaissance

230

2004

Lalea,

290

1999

Sunset Point (Waikele)

253

1992

Kahi Kani

306

1991

Mililani Town

9,394

1990

Lalakoa II & III (Lanai)

201

1989

The Heights at Wailuna

158

1986

Pearl I

301

1975

Pearl II

316

1975

Esplanade

208

1973

Queen Emma Gardens

589

1963

TOTAL

22,067

The constrained inventory also helps the project out, he said, noting that there is a good demand for quality housing in a suburban setting. “They will be well-received by the marketplace,” Cassiday said. “That’s because the marketplace hasn’t had that for 10 years now.” Economist Paul Brewbaker said Castle & Cooke is building in the worst possible time, because the state is nearing an economic downturn, although he thinks that because of the lack of housing options in the state, the developer will be able to “keep the

engine running.” “The question is, build 200 units a year or 50 units a year?” he asked. Whatever the number, Castle & Cooke is gearing up to begin construction on the first homes at Koa Ridge less than a year after more than a decade of delays. “It’s probably not so much of a celebration, but more of a relief,” Saunders said. “It’s almost anti-climactic, because it has been such a long haul.” Website: www.koaridge.com


16

PACIFIC BUSINESS NEWS

SPECIAL REPORT BUILDING KAKAAKO

If these walls could talk...

... Well, they kind of do. Developers are incorporating artwork on construction fences tied to the land and the buildings being built behind them

TINA YUEN PHOTOS

BY DUANE SHIMOGAWA

Above: The Anaha at Ward features photos of people enjoying the area’s restaurants and shops and history about the Ward family, which once owned the Ward Village property. Left: Images on the construction fences of the Collection.

dshimogawa@bizjournals.com 808-955-8036, @PBNDuane

W

ith all of the construction currently happening in the Honolulu neighborhood of Kakaako, in addition to the towering cranes and tons of materials, one of the familiar sights at these various sites is the unique designs gracing the construction fences. For San Diego-based OliverMcMillan’s Symphony Honolulu mixed-use tower, which is near completion, the original design of its construction wall was done by local artist Kaiili Kaulukukui, who started work on it in 2014. “It originally started as an art piece [and] he was inspired by a symphony he attended with his mother,” Alan Hong, Hawaii Regional Manager for OliverMcMillan told PBN. “The musical score that the mural depicted was actually Beethoven’s Fifth Symphony. It was presented in stages beginning with just a few musical notes. In the final phase of the mural, all of the musical notes were presented, and the hook or melody was revealed to viewers. Those with a strong musical background would have recognized it was indeed Beethoven’s Fifth.” With Symphony nearly complete, the construction barriers have since been removed. The construction walls for The Howard Hughes Corp.’s two luxury towers, Waiea and Anaha, have not changed much since work began on these two projects. They feature photos of people enjoying the area’s restaurants and shops and about the history of the Ward family, which once owned the Ward Village property. The walls for its Aeo tower project, which includes Hawaii’s flagship Whole Foods Market, are now up and the Texas developer is

working on plans for a design. “I think the goal has been one to create the excitement about the future of Ward Village and Kakaako,” Todd Apo, vice president of community development for Howard Hughes, told PBN. “So that’s why you see the lifestyletype of photos on the walls. Then we wanted to show the history of the land. We worked with Bishop Museum and wanted to show the story of the Ward family and general Hawaii history pieces.” For Aeo, the developer is looking to incorporate more artwork — not just any art, but a design tied to the land and the building, including the Aeo bird that lived in the salt ponds in the area. The developer is also looking to add photography to Aeo’s walls. “We’re looking at working with two to three local artists, especially with the storytelling of the land, the Aeo land and the wind aspects of the building,” Apo said. Apo noted that, given that projects are

under construction for two years or more, these walls remain up for a long time, thus developers need to realize that the designs on them must be well-thought-out. “If it was going to be there for just six months, it may not make sense to make that type of investment,” Apo said. “I like the fact that we’re really looking now to use the walls to tell the story of the area and what’s coming. It is a piece of the community that will be there for more than two years. Let’s use it in the right way.” He said contractors are responsible for putting the walls up, and the developer comes up with the design. “For Aeo, the artwork that will go along Queen Street, we’re actually going to work with KCAA Preschools across the street,” Apo said. “We will have the kids help out with the artwork. They will be able to see the artwork across the street from their preschool.”


17

MAY 6, 2016

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PHH_PBN_051515 copy.indd 1

10/6/15 3:04 PM


18

PACIFIC BUSINESS NEWS

SPECIAL REPORT BUILDING KAKAAKO

Tight labor market a challenge BY DUANE SHIMOGAWA | DSHIMOGAWA@BIZJOURNALS.COM | 808-955-8036 | @PBNDUANE

Who is building Kakaako? PBN checked in with a couple of the general contractors working on projects in the area.

Gerry Majkut President of Hawaiian Dredging Construction Co. Inc. What projects are you currently working on and have completed in Kakaako? Recently completed: - Halekauwila Place (April 2014) - Waihonua (November 2014) - 801 South Street Tower A (July 2015) - SALT at Our Kakaako (December 2015) Work in progress: - 400 Keawe St. (2016) - 440 Keawe St. (2016) - 801 South Street Tower B (2016) - The Collection (2016) - Keauhou Lane (2017) - Keauhou Place (2017) What is it like developing condo projects in Kakaako with all of the other projects going on at the same time? It requires a lot of planning and sequencing of our work. We develop detailed schedules and work plans coordinating with our subcontractors and suppliers.

www.hdcc.com

artist’s rendering

How do you make it work from both a labor and materials standpoint? We plan our work in advance and develop a high level of coordination with all those involved. What are the biggest challenges to developing in Kakaako? Just like all of our work we spend a lot of time with up-front planning of our work. We go into details and plans on a daily basis. By planning ahead, it gives everyone a chance to discuss issues and provides a good overall thought process for the work plans.

Glen Kaneshige

President of Nordic PCL Construction Inc. What projects are you currently working on and have completed in Kakaako? Buyers will start moving into Symphony [Honolulu] in early May, and we are also just completing the penthouse units. Waiea is slated to be completed in the fourth quarter of this year.

What are your thoughts regarding how Kakaako is turning out to be? I think it is an exciting future for Kakaako, and we are pleased to be a part of building that future.

What is it like developing condo projects in Kakaako with all of the other projects going on at the same time? The contractors who secured the high-rise condos early in the cycle had the advantage of employing the better qualified workers. As the labor pool contracted, it became much more challenging to employ skilled workers. The trade subcontractors began pricing the labor risks into their bid proposals, and the resulting increase in costs contributed to the hyperinflation in construction costs.

What’s your sense of where the market is in Kakaako? The market seems to be slowing down.

What are the biggest challenges to developing in Kakaako? There are few large trade subcontractors who can

do the high-rise mechanical, electrical, drywall and glazing systems. The tables got turned when these trade contractors started being pursued for commitments to these projects by both the developers and general contractors, when normally they are the pursuers for the work. Managing the safety and quality on a project while trying to keep on schedule and controlling costs were the four balls in the air that we were all juggling in an overheated market. What’s your sense of where the market is in Kakaako? The high-rise luxury condo developments started facing headwinds sometime last year, and I know some say that the market peaked a year ago. The cancellation of Vida [luxury condominium tower] by the Kobayashi Group and The MacNaughton Group is a shot across the bow that rising construction costs are unsustainable and will be project killers.

www.hdcc.com


MAY 6, 2016

16-BAY-0274 PBN Lung V2.indd 4/28/16 12:29 PM - 1 -

19

(Cyan) (Magenta) (Yellow) (BlacK)

SPECIAL REPORT

Kakaako heading into new cycle BY DUANE SHIMOGAWA dshimogawa@bizjournals.com 808-955-8036, @PBNDuane

The growing neighborhood of Kakaako has entered a different stretch of the development process, with most of the high-rise tower projects under construction and no other development permit applications in the pipeline, the interim chief of the state agency regulating development in the area confirmed to PBN. The Howard Hughes Corp.’s Aeo mixed-use condo and Oregon-based Gerding Edlen’s Keauhou Lane recently started construction. New York’s Bronx Pro Group is currently doing preliminary site work on a low-income rental project at 630 Cooke St. that will include smaller, efficient micro-units. Stanford Carr Development’s 128-unit Hale Kewalo affordable rental project is expected to start construction by the end of the year, and the Ola Ka Ilima Artspace and Lofts project is finalizing its financing. The 630 Cooke St., Hale Kewalo, Artspace and developer Franco Mola’s 803 Waimanu St. projects will all be affordable developments. “You will mostly see these kinds of projects these days as the market slows down,” Aedward Los Banos, interim executive director of the Hawaii Community Development Authority, told PBN, noting that Howard Hughes’ Ke Kilohana at 888 Halekauwila Street project consists mostly of reserved housing units that were in high demand, drawing 1,000 applicants for 375 units. Los Banos noted other developers, such as Marshall Hung, who developed the 801 South St. projects, are interested in building similar projects. “The lights are going on in the buildings,” he said. “In talking to developers, the sense has been a rebalancing. With the Vida project for example, the high-end luxury has proven that demand is low.” Los Banos contends that projects such as 801 South St., prove that they can be financed and that developers can make money of off these projects. “It won’t be as big as [Howard Hughes luxury condos] Anaha or Waiea, but if you do the right project, you can probably get something to work,” he said.

You can’t build a better reputation. Harvey J. Lung

Lawyer of the Year, Construction Litigation (2014) Lawyer of the Year, Construction Law (2013) When it comes to construction law and litigation, few know both disciplines as well as Harvey. He’s written the contracts underpinning many of Hawaii’s most visible projects, while also litigating agreements written by others. That’s why there’s no better advocate to have in your corner. To see all our credentials, visit us at legalhawaii.com. Problem solved.

Topa Financial Center, 700 Bishop Street, 9th Floor, Honolulu, HI 96813 (808) 523-9000 • legalhawaii.com


20

PACIFIC BUSINESS NEWS

Compiled by Lucy Tuitupou 808-955-8037, @pbnresearch ltuitupou@bizjournals.com

KAKAAKO NEW CONDOMINIUM DEVELOPMENT RANKED BY NUMBER OF UNITS Project Name / 2015 Rank (* did not previously rank) Address

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

The Collection

3

604 Ala Moana Blvd. Honolulu, HI 96813

Aeo

*

330 Kamakee St. Honolulu, HI 96814

Ke Kilohana

988 Halekauwila St. Honolulu, HI 96814

4

Keauhou Place

5

555 South St. Honolulu, HI 96814

801 South St. - Building B 801 South St. Honolulu, HI 96814

Symphony Honolulu 850 Kapiolani Blvd. Honolulu, HI 96814

Anaha

6

7

9

1108 Auahi St. Honolulu, HI 96814

Ward Village Gateway1 1050 Ala Moana Blvd. Honolulu, HI 96814

Keauhou Lane 500 Keawe St. Honolulu, HI 96814

Waiea

11

12

14

1122 & 1140 Ala Moana Blvd. Honolulu, HI 96814

803 Waimanu St. 803 Waimanu St. Honolulu, HI 96813

Nohona Hale 630 Cooke St. Honolulu, HI 96813

*

400 Keawe St.

16

440 Keawe St.

17

400 Keawe St. Honolulu, HI 96813

440 Keawe St. Honolulu, HI 96814

15

Ola Ka Ilima - Artspace Lofts 1025 Waimanu St. Honolulu, HI 96813

18

1 Includes two buildings, Ewa and Diamond Head. 2 113 units for the Ewa building and 123 units for the Diamond Head building. NOTES: NA - not applicable, not available or not approved.

Number of Units

Project Start Year

Estimated Completion Year

Developer(s)

General Contractor

Architect(s)

467

2015

2017

Alexander & Baldwin Inc.

Hawaiian Dredging Construction Co. Inc.

Design Partners Inc.; Pappageorge Haymes Partners

466

2016

2018

Howard Hughes Corp.

Layton Construction

Bohlin Cywinski Jackson; Architects Hawaii Ltd.

424

2016

2019

Howard Hughes Corp.

NA

CDS International; AC Martin Architects

423

2015

2017

Stanford Carr Development

Hawaiian Dredging Construction Co. Inc.

Alakea Design Group; Richard Matsunaga & Associates

410

2014

2016

Downtown Capital; Tradewind Capital

Hawaiian Dredging Construction Co. Inc.

Kazu Yato AIA & Associates

388

2013

2016

Oliver McMillan; Pacific Rim

Nordic PCL Construction Inc.

Gensler; Architects Hawaii Ltd.

318

2014

2017

Howard Hughes Corp.

Albert C. Kobayashi Inc.

Solomon Cordwell Buenz & Associates; Benjamin Woo Architects

2362

NA

NA

Howard Hughes Corp.

NA

Richard Meier & Partners; Executive Architects; Architects Hawaii Ltd.

209

2016

2017

Gerding Edlen

Hawaiian Dredging Construction Co. Inc.

Hawaii Architecture

177

2014

2016

Howard Hughes Corp.

Nordic PCL Construction Inc.

James K.M. Cheng; Rob Iopa; WCIT Architecture

153

2016

2017

MJF Development Corp.

NA

Pacific Atelier

105

2017

NA

Bronx Pro Group; EAH Housing

Swinerton Builders

Sustainable Living Innovations

95

2014

2016

Castle & Cooke Homes Hawaii Inc.

Hawaiian Dredging Construction Co. Inc.

Design Partners Inc.

88

2014

2016

Kamehameha Schools

Hawaiian Dredging Construction Co. Inc.

Design Partners Inc.

84

2016

2018

Artspace Projects Inc.

Absher Construction Co.

Urban Works

R CLOSER

LOOK

ABOUT THE LIST Information was obtained from firm representatives and the Project Activity in the Kakaako Community Development District report from the Hawaii Community Development Authority. Information on The List was supplied by individual companies through questionnaires, phone interviews and company websites, and could not be independently verified by the Pacific Business News. NEED A COPY OF THE LIST? Information for obtaining reprints, web permissions and commemorative plaques, call 877-3975134. More information can be found online at PacificBusinessNews.com by clicking the “Store” tab near the top of the site. WANT TO BE ON THE LIST? If you wish to be surveyed when The List is next updated, or if you wish to be considered for other Lists, email your contact information to Lucy Tuitupou at ltuitupou@ bizjournals.com.


21

MAY 6, 2016

Kakaako projects by floor area in square feet COMPILED BY LUCY TUITUPOU

Ward Village Gateway

784,0141

Anaha

Megan Garvey

649,360

Greg Bloss

Cherrieann Diaz

(808) 797-6828

(808) 652-8101

(808) 754-2756

Amy Bersamin

Bridget Arrastia

Nilfa Cataraja

(808) 208-3424

(808) 223-9297

(808) 343-4036

RS-77862

RB-21416 (Kauai)

643,040

Aeo

592,662

The Collection

527,781

Waiea

Ke Kilohana

512,397

Keauhou Place

512,319

Symphony Honolulu

RS-75193

RB-15718

467,650

Christy Aiwohi RS-67380

(808) 551-6364

Lester A. Salazar Rachel-Joy Nisperos RS-78187

(808) 226-7530

133,005

400 Keawe St.

Ola Ka Ilima Artspace Lofts

112,672 Erwin V. Paulino Sheral Ann Graham RS-74180

71,012

803 Waimanu St.

(808) 590-8169

(808) 456-5698

Stacie Segovia RS-75989

(808) 492-4457

Ewa building and 366,445 square feet for the Diamond Head building

NA

Kakaako projects by number of floors 43 43 433 41

RS-77320

1 417,569 square feet for the

65,628

440 Keawe St.

46

RS-68804

(808) 372-0314

179,181

Keauhou Lane

632

RS-75406

481,400

801 South St. Building B

Nohona Hale

RB-20618

38 38 36

2 35 floors for the Ewa building and 28 floors for the Diamond Head building

344

3 43 floors for the tower; four floors for the midrise; and three floors for the townhouse 4 Two towers; 17 floors each

Jennifer Melchor-Sison Miki Nagadome RB-19900

(808) 382-1055

RS-72718

(808) 372-5288

Kelly A. Lee RB-20466

(808) 225-0349

FINE HOMES & ESTATES

KAKAAKO TEAM For the Ultimate Luxury Client Experience

7

7

6

6

Waima 803 nu St. 4 Keawe 40 St. Keauho u Lane 4 Keawe 00 St.

Ilima Ola Ka

Hale Nohon a

Waiea

Aeo

Anaha

CollectThe ion Symph o Honoluny lu

Ward V illage Gatewa y 801 So uth St. Buildin gB Keauho u Place Ke Kilo hana

8

SOURCE: HAWAII COMMUNITY DEVELOPMENT AUTHORITY

Each office is independently owned and operated.


22

PACIFIC BUSINESS NEWS

Compiled by Lucy Tuitupou 808-955-8037, @pbnresearch ltuitupou@bizjournals.com

AIRLINES SERVING HAWAII RANKED BY NUMBER OF PASSENGERS FLOWN TO HAWAII IN 2015 Business Name Website

1

Hawaiian Airlines Inc.

2

United Air Lines Inc.

hawaiianairlines.com

2

united.com

3

Delta Air Lines Inc.

4

Alaska Airlines

5

American Airlines Inc.

6

delta.com

alaskaair.com

3

4

5

8

WestJet westjet.com

1,883,209

2,276,029

1,489,819

1,768,400

393,390

507,629

1,645,098

2,060,300

1,555,451

1,952,025

89,647

108,275

177,125

Korean Air Lines Co. Ltd.

7

koreanair.com

Air Canada

11

Jetstar Airways Pty Ltd.

12

China Airlines

13

All Nippon Airways Co.

aircanada.ca

11

Allegiant Air

*

10

13

12

allegiantair.com

165,328

117,835

china-airlines.com

Air Japan Co. Ltd.

16

Asiana Airlines Inc.

17

Philippine Airlines Inc.

16

18

Omni Air International

18

19

China Eastern Airlines

17

20

Qantas Airways Ltd.

21

Air New Zealand

22

Air China

23

Fiji Airways

air-japan.co.jp

14

us.flyasiana.com

15

philippineairlines.com

omniairintl.com

flychinaeastern.com

qantas.com.au

airnewzealand.com

20

19

21

22

NOTES: NA - not applicable, not available or not approved.

1,251,486

1,104,176

908,135

501,270

204,235

223,041

215,971

140,327

743,943

952,253

742,864

0

184,988

0

0

0

856,529

1,104,176

908,135

0

204,235

0

0

0

336,103

0

0

425,100

0

177,125

165,328

117,835

394,957

0

0

501,270

0

223,041

215,971

140,327

105,044

141,222

0

0

105,044

141,222

96,783

120,912

0

0

96,783

120,912

80,701

73,723

15

fijiairways.com

Total Available International Seats to Hawaii in 2015

184,988

9

airchina.us

Total International Passengers Flown to Hawaii in 2015

425,100

8

10

14

Total Available Domestic Seats to Hawaii in 2015

742,864

6

japanair.com

usairways.com

Total Domestic Passengers Flown to Hawaii in 2015

952,253

Japan Air Lines Co. Ltd.

7

Total Available Seats to Hawaii in 2015

1,080,046

aa.com

US Airways

9

1

Total Passengers Flown to Hawaii in 2015

89,790

82,775

0

73,723

0

82,775

80,701

0

89,790

0

R CLOSER

LOOK

LOAD FACTOR: PERCENTAGE OF SEATS FILLED Business Name

Load Factor

US Airways Inc.

90.57%

All Nippon Airways Co.

89.87%

Allegiant Air

89.06%

Omni Air Express

87.33%

Asiana Airlines Inc.

87.28%

Delta Air Lines Inc.

86.37%

Alaska Airlines Inc.

86.24

Air Japan Co.

84.90%

Japan Air Lines Co. Ltd.

84.80%

Air Canada

83.97%

Hawaiian Airlines Inc.

82.74%

American Airlines Inc.

81.80%

Air New Zealand

81.66%

China Airlines Ltd.

80.04%

United Air Lines Inc.

79.84%

Westjet

79.41%

Qantas Airways Ltd.

78.20%

Korean Air Lines Co. Ltd.

76.55%

Jetstar Airways Pty. Ltd.

74.38%

China Eastern Airlines

71.30%

Air China

65.14%

Philippine Airlines Inc.

54.21% 47.65%

55,164

64,972

0

0

55,164

64,972

Fiji Airways

50,849

58,257

0

0

50,849

58,257

ABOUT THE LIST Source: U.S. Bureau of Transportation Statistics at: www.transtats.bts.gov.

40,456

74,618

0

0

40,456

74,618

37,647

43,107

37,647

43,107

0

0

36,291

50,896

0

0

36,291

50,896

33,749

43,210

0

0

33,749

43,210

31,741

38,868

0

0

31,741

38,868

23,511

36,093

0

0

23,511

36,093

8,195

17,197

0

0

8,195

17,197

NEED A COPY OF THE LIST? Information for obtaining reprints, web permissions and commemorative plaques, call 877-3975134. More information can be found online at PacificBusinessNews.com by clicking the “Store” tab near the top of the site. WANT TO BE ON THE LIST? If you wish to be surveyed when The List is next updated, or if you wish to be considered for other Lists, email your contact information to Lucy Tuitupou at ltuitupou@ bizjournals.com.


23

MAY 6, 2016

ENTREPRENEUR HOW I...

Launched a healthy meal business for employers BY DEANNA MONCRIEF, FOUNDER, SALAD ENVY AND THE HAPPY BENTO As told to PBN reporter Lorin Eleni Gill My first job out of graduate school was wellness coordinator at The Queen’s Medical Center. I got that job to resurrect a languishing wellness program. I was there one and a half years and was able to work with wellness vendors across the country. I quickly learned that different kinds of people saw wellness in very different ways, whether it was working out or going to church. For the most part, from the housekeeping staff to the physicians and nurses, the only common denominator was diet. I started my own consultancy here and it was the first one in the state to work directly with employers. It was called Benchmark Wellness. I not only custom designed programs for employers, I helped them create their own in light of new laws like the Health Insurance Portability and Accountability Act. A lot of the plug-and-play programs in Hawaii and on the Mainland were breaking all sorts of Department of Labor or Internal Revenue Service laws, so I refined the business to go in and not only teach them how to create their own wellness program, but to also bring everything in line with the new laws so they were compliant. I also worked for eight years as a nutrition program coordinator with Kokua Hawaii Foundation. We developed a new food guide for Hawaii that highlighted locally grown foods. I got to work with a lot of farmers and those involved with sustainability in Hawaii. That’s where I further cultivated that love and focus of making sure that things are locally grown whenever possible. I left Kokua to launch Salad Envy. Through my background with Kokua, I realized the market opportunity of providing something that people wanted here. It was a wellness initiative for employers to help keep employees healthy and happy and more productive, and to broaden the market for local farmers. We launched in September

R CLOSER

LOOK

DEANNA MONCRIEF Founder, Salad Envy Phone: 808-84-SALAD Address: P.O. Box 2004, Kailua, HI 96734 Website: saladenvy.myshopify.com

TINA YUEN

2011, and served our first meal the following April. It started out with individual employees ordering on their own. They’ll go online and place an order for a few different salads at work, others order extra to take home, or extra to take home to share with their spouse, who then ordered at their workplace. That happened for about six months. I started talking to employers about their wellness programs. Many had gym memberships or paid time off to volunteer, but they didn’t have healthy food at work paid for. Employees sometimes didn’t have an incentive to eat better at work. Some companies subsidize our service. In my background in wellness compliance, I was able to create a business model that allows employers to transform their subsidies into IRS tax deductions. Our clients have included Hawaii Medical Service Association, Servco, Altres, Crazy Shirts, EA Engineering, and law firms in Downtown Honolulu and Kailua. For example, Crazy Shirts had its local Salad Envy page where employees could go

to order lunch, and we’d bill the employer. Hawaii Medical Service Association has done that. They were one of our biggest clients, and we’ve had Servco almost since day one. Every company has something different. HMSA’s model is that we deeply discount the salads and plate lunches at a single rate across the board, and it has a dedicated refrigerator with our logo on it, so people come upstairs to pick from a selection. They then pay HMSA; HMSA collects the money and we bill them. It all depends on what the company wants to do. We deliver two days a week, Monday and Wednesday. We used to deliver on Friday, but a lot of people weren’t ordering on Friday, so we cut it. We’ve gotten as high as 450 meals a day down to about 225 meals delivered each of those days. I launched another business, The Happy Bento, last February. It was a soft launch; we have not done any marketing. Even though it doesn’t say on the website, it’s really for seniors that need to eat better. I was hired about six years ago by a wealthy man who stayed at Portlock six months a year. He

had a 24-hour nursing staff and personal assistants, but nobody knew how to cook for him. He had stage-four kidney disease and diabetes, so his health conditions were getting worse. They hired me to design a new menu that was more in line with his needs, and I ended up preparing the meals too. I realized there are a lot of people like him, with many who care about them but don’t know how to cook a diabetic meal, or they don’t have the time and they’re working adult children themselves. The Happy Bento also has a lot of plainold busy working professionals who will order four to five meals from us, and we deliver on Sunday. I’ve got a great staff, three for Salad Envy and two for The Happy Bento. I want to expand as much as the market can handle. I have started advertising The Happy Bento among doctors, who ask for menus and fliers, and they’re referring us to their patients. I never saw myself in food service, but I love nutrition and the biochemistry of it. I’ve always loved businesses and have had them since I was little, when [I had] a lemonade stand.


24

PACIFIC BUSINESS NEWS

Ready to grant your own dreams?

IF THE ANSWER IS YES, WE CAN HELP.

Member FDIC

FHIB-30579 R2_footer_9-25x0-4_REV.indd 1

2/5/16 12:14 PM

PEOPLE ON THE MOVE R MEDIA

Isabel Figel

R INSURANCE

Leila Albino

Marcoa Media Hawaii announced two new hires: Isabel Figel as publisher and Leila Albino as military multimedia sales manager

Stephen Nakao

R NONPROFITS

Ruby Kihara

Adrene Thompson

John Mullen & Co. promoted Stephen Nakao to workers compensation manager from workers compensation supervisor; Ruby Kihara to workers compensation supervisor from senior adjuster-workers compensation; and Adrene Thompson to assistant workers compensation supervisor from senior adjuster

Jessica Welch

Aaron Kibota

Jessica Welch joined Manoa Heritage Center as executive director

PATCH – People Attentive To Children hired Aaron Kibota as executive director and promoted Cindy Ballard to professional development manager from child care trainer & registry specialist II

R BANKING

Daniele Leong

Cindy Ballard

R RETAIL

Ciria Patterson

Marysol Ruiz

Lee Taylor

HomeStreet Bank announced four new hires: Daniele Leong as a loan officer, Ciria Patterson as a loan officer, Marysol Ruiz as a loan officer and Lee Taylor as a loan officer

R ENGINEERING

Aaron Sato

Sam Yee

Finance Factors promoted Aaron Sato to executive vice president and chief financial officer from senior vice president and chief financial officer and promoted Sam Yee to executive vice president and general counsel from vice president and general counsel

R AUTO

R AIRLINES

Shelley Tadaki Cramer Shelley Tadaki Cramer joined Saks Fifth Avenue as vice president and general manager

R HOW

Missy Trippet European Wax Center promoted Missy Trippet to designated manager from assistant designated manager

TO SUBMIT

Submit People on the Move online at PacificBusinessNews.com/ people

Lisa Barnes

Ben Momblow

Ann Bouslog

Haku Milles

Kelsie Imai

Jeff Helfrick

Lisa Barnes joined Hart Crowser as an administrative assistant

Coffman Engineers Inc. promoted Ben Momblow to principal, operations manager, from principal, senior project manager

Ann Bouslog joined PBR Hawaii as project director

Lyon Associates Inc. promoted Haku Milles to chief operating officer from senior project manager – vice president

Kelsie Imai joined Servco Auto Parts Center as a distribution warehouse manager

Jeff Helfrick joined Hawaiian Airlines as vice president – customer service

We welcome information about any Hawaii-based businessperson. Include name, title, company, location and a photo of the person, along with a company contact name, email address and phone number in case additional information is needed. You must send a photo to be considered for print publication. The photos must be highresolution, color JPGs minimum 200 dpi in size.

Improve your ROI in YOU. IT ALL STARTS WITH YES. Member FDIC FHIB-30579 R2_header_9-25x1-35_REV.indd 1

Member FDIC 2/5/16 12:14 PM


25

MAY 6, 2016

LEADS

Information to build your business RR  Business in the making NEW DOMESTIC CORPORATIONS Domestic Limited Liability Company (LLC) 4 Sons LLC, Toan Chung, 5419 Kilauea Place, Honolulu 96816. 808 Viral, P.O. Box 1748, Kailua 96734. A Bookkeeping Service Co. LLC, Junhyun Johnson, 98-935 Noelani St. Apt. D, Pearl City 96782. Ahukai Solar II LLC, P.O. Box 131733, Dallas, Texas 75313. Ahukai Solar III LLC, P.O. Box 131733, Dallas, Texas 75313. Akamai Visionaries LLC, P.O. Box 50931, Eleele 96705. Akuaha LLC, P.O. Box 1132, Volcano 96785. Ala Moana Realty LLC, 982 Prospect St. Building 7, Honolulu 96822. Alakai Ranch & Farms LLC, 91-1440 Farrington Highway, Kapolei 96707. Aloha Academy Jiu Jitsu LLC, Clint Kitabayashi, 92-1264 Kikaha St. Unit 43, Kapolei 96707. Aloha Lawn Care LLC, P.O. Box 1025, Waialua 96791. Andrea’s Precision Sharpening LLC, 3163 Hoomua Drive, Kihei 96753. Arnold Seid MD LLC, P.O. Box 2257, Honolulu

96804-2257. Aulani Asian Cuisine & Cafe LLC, Shuling Segler, P.O. Box 1343, Honokaa 96727. BG Rental LLC, Elden Galiza, 95-1018 Wekiu St., Mililani 96789. Big Belly Agalico USA LLC, 320 Lewers St. First Floor, Honolulu 96815. Bliss DJS Hawaii LLC, Kevin Okutani, 1555 Pohaku St. Unit A-603, Honolulu 96817. Body Evolve HI LLC, Emerson Tumbaga, 4566 Ohia St., Kapaa 96746. Breath HI LLC, Millena Buraco, 144 Shaw St. Unit 2, Lahaina 96961. Brendon Lau Agricultural LLC, 1666 Akiaki Place, Honolulu 96816. Brunch Box LLC, Sherrie Caramanis, 2015 Lime St. Unit 704, Honolulu 96826. Candor Global Hawaii LLC, Alfred Oga, 67346 Kaiea Place, Waialua 96791. CAV Construction LLC, 16238 Ranch Road 620 Suite F-305, Austin, Texas 78717. Cheehoo Software LLC, 801 S. King St. Unit 3802, Honolulu 96813.

R ABOUT

Giladta27 Management LLC, 1670 Makaloa St. Unit 204-199, Honolulu 96814.

THIS SECTION

READER’S GUIDE The Business Leads is a collection of information gathered from Hawaii area courthouses, government offices and informational websites. We gather these public records so you can build your business. No matter what business you are in, you can gain a competitive edge by reading the Business Leads. Find new and expanding businesses and new customers. Find out the area’s commercial and residential hot spots. Find clues about the financial condition of your vendors, customers or competitors. Listings for each category may vary from week to week because of information availability and space constraints. (Note: *Indicates listings are not available for this week.)

Creative Business Consulting and Processing LLC, 84-1170 Farrington Highway Unit B-2 No. 2, Waianae 96792.

CN Pacific LLC, 636 Laumaka St., Honolulu 96819.

Creative Keiki Preschool LLC, Kalina Calantoc, 3951 Kaimuki Ave. Unit A, Honolulu 96816.

Coco Palms LLC, Greg Brown, P.O. Box 1060, Lahaina 96767.

CRJ Properties LLC, 20 Green Terrace Cove, Austin, Texas 78734.

Consumed by Grace LLC, Kawailani Littlejohn, 89-246 Pua Ave., Waianae 96792.

Dassao Hawaii LLC, Takaya Osada, 2015 Wilder Ave. Apt. 2-C, Honolulu 96822.

David’s Happy Nails & Spa LLC, 305 Keawe St. Suite E-110, Lahaina 96761. DDS Tech LLC, Donald Kloess, 1513 Young St. Suite 202, Honolulu 96826. Devine Fauxtography LLC, David Devine, 731 Sixth Ave. Unit A, Honolulu 96816. Discipleup LLC, Kimberly Milhoan, 992 S. Kihei Road Unit A-105, Kihei 96753.

INDEX

Hardlife Hustlers LLC, Shade Hookano, 47-481 Pakai Place, Kaneohe 96744.

Building Permits.......................... 27 Businesses in the Making...........25

Hawaii NEI Realty LLC, Paris Chai, 1221 Maunawili Road, Kailua 96734.

Court Report...............................28 Foreclosures...............................29

HBR Properties LLC, Jerry Ruthruff, 700 Richards St. Unit 2709, Honolulu 96813.

EMAIL EDITION To buy Leads information for Hawaii and more than 40 other markets, call 877-593-4157, or see bizjournals.com/leads. The information is available on disk or via email and arrives earlier than the published version.

HI Perspective Media Group LLC, 368 S. Kalaheo Ave., Kailua 96734. Honokowai East 103 LLC, Mark Whittemore, 25 Heather Lane Unit 134, Lahaina 96761. Hoomau Enterprises LLC, P.O. Box 384772, Waikoloa 96738. Ho`okui Solutions LLC, Wayne Hirasa, 209 Aiokoa St., Kailua 96734. Hurtling Forward LLC, James Kappel, 1048 Mokuhano St., Honolulu 96825.

DJ’s Holding LLC, Sean Young, 92-902 Panana St., Kapolei 96707. E&P Charters LLC, 1190 Stonewolf Trail, Fairview Heights, Ill. 62208. Elemental Consulting LLC, Wren Wescoatt, 3662 Woodlawn Terrace Place, Honolulu 96822. Elite Rentals LLC, Deidra Aninion, 60 Kuhio St. Building 9, Hilo 96720. Farmer Freight LLC, P.O. Box 4462, Kaneohe 96744.

Fifty Rock Consulting LLC, Lani-Minh Starkey, 590 Lipoa Parkway Suite C-2, Kihei 96753. Fit Maui Yoga, P.O. Box 553, Makawao 96768. Fityoga Maui, P.O. Box 553, Makawao 96768.

Incraft Construction LLC, Michael Sturdivant, 94-1198 Kahuahale St., Waipahu 96797. Inside The Circle LLC, Christen Yuen, 828 Fort St. Mall Suite 500, Honolulu 96813. International A&R Agency LLC, Sean Folan, 84 Pukihae St. Unit 303, Hilo 96720.

Fukuwauchi USA LLC, Takanori Wada, 1200 Queen Emma St. Unit 2305, Honolulu 96813. Gerde Enterprises LLC, Edward Anderson, 2-2526 Kaumualii Highway Unit J, Kalaheo 96741.

Intuitive Keoki LLC, 1945 Naio St., Honolulu 96817. Island Services LLC, Jeremy Neal, 750 Kapahulu Ave., Honolulu 96816.

JA Partners LLC, P.O. Box 240605, Honolulu 96824. JCR Properties LLC, 20 Green Terrace Cove, Austin, Texas 78734. Jennifer S. Heimgartner Attorney at Law LLLC, P.O. Box 4482, Kailua-Kona 96745. JM Hawaii Kai LLC, 2251 Landmark Place, Manasquan, N.J. 08736. JM Kapolei LLC, 2251 Landmark Place, Manasquan, N.J. 08736. JM Maui Lani LLC, 2251 Landmark Place, Manasquan, N.J. 08736. JM Pearl City LLC, 2251 Landmark Place, Manasquan, N.J. 08736. Kaiaulu Homes LLC, 2173 Auina Place, Kihei 96753. Kanalytix LLC, Reza Ghorbani, 2333 Kapiolani Blvd. Unit 1305, Honolulu 96826. Kau Valley LLC, 11501 Dublin Blvd. Suite 200, Dublin, Calif. 94568. KFW Hi-Lights LLC, Marynel Valenzuela, 4100 Rice St. Suite 10, Lihue 96766. Kona Wind Charters LLC, Shaun Pederson, 5095 Napilihau St. Suite 143, Lahaina 96761. KY Properties LLC, 20 Green Terrace Cove, Austin, Texas 78734. La Ark USA LLC, Christine Lu, 1330 Wilder Ave. Suite 307, Honolulu 96822. Live Life Better LLC, Patti Sabla, 1291 Uluniu Road Apt. B-1, Kihei 96753.

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26

PACIFIC BUSINESS NEWS

PBN is proudly hosting it’s 6th annual Healthiest Employers competition! Healthiest Employers is an innovative national awards competition created to recognize those companies that are committed to creating a healthy workplace and at the same time proactively shape the health of their employees.

Previous finalists or winners are eligible and encouraged to re-apply.

BIZJOURNALS.COM/PACIFIC/NOMINATION/79682 All qualifying companies and honorees will be recognized at a reception in July and will be profiled in PBN’s print edition. APPLICATION DEADLINE May 13, 2016 For additional event information contact PBN Events Director EMILY PELLIN at epellin@bizjournals.com or 808-955-8003

PRESENTING SPONSOR

GOLD SPONSOR


27

MAY 6, 2016

LEADS LPY International LLC, Andrew Pong, 95-1164 Ahoka St., Mililani 96789.

Surreal Hawaii LLC, Casey Kono, 95-1043 Liho St., Mililani 96789.

Stardust Restaurant, P.O. Box 3225, Honolulu 96801.

Lu Brows LLC, Ludmyla Miranda, 57-101 Kuilima Drive Apt. 118, Kahuku 96731.

Tavares Tasty Treats LLC, Clifton Tavares, P.O. Box 370, Hawi 96719.

Foreign Limited Liability Company (LLC)

Lulu Place LLC, P.O. Box 1165, Honolulu 96807. Mana Mama Fitness, 1895 Kaahele Place, Kihei 96753. Mana Mama Living, 1895 Kaahele Place, Kihei 96753. Marvista Investors LLC, P.O. Box 1098, Honolulu 96808. Maui Mana Mama, 1895 Kaahele Place, Kihei 96753. Maui Tropsicles LLC, Alexa Caskey, 298 Front St., Lahaina 96761. Meadows LV LLC, 94-416 Ukee St. Suite 201, Aiea 96701. Media HI Group LLC, P.O. Box 1748, Kailua 96734. Memories On Maui LLC, Zelia Paulino, 91 Kahili Place, Lahaina 96761. Menehune Home LLC, Orville Salibad, 87-2008 Farrington Highway, Waianae 96792. Mike Santos Welding LLC, Michael Santos, 3015 Kailiili Road, Haiku 96708. Native Bullys LLC, Shirelle Stephenson, P.O. Box 2216, Kamuela 96743. Ocean Kai LLC, 9776 Wren Bluff Drive, San Diego, Calif. 92127. Party Bus 808, 92-902 Panana St., Kapolei 96707. Personalized Health Innovations LLC, Kimberly Tangjian, 92-416 Akaula St., Kapolei 96707. Photo U? II LLC, Richard Webb, 150 Hamakua Drive Unit 352, Kailua 96734.

Temporary Solutions LLC, Gordon Caires, 3313 Castle St., Honolulu 96815. Things to Do In Hawaii LLC, David Rippey, 6847 Niumalu Loop, Honolulu 96825. Thirstea LLC, Kevin Nguyen, 4363 Olaloa St., Honolulu 96818. TL LLC, 1311 Kapiolani Blvd. Suite 610, Honolulu 96814. Tyler Hedrix LLC, 10910 Calle Tezac, La Mesa, Calif. 91941. Vetu Group LLC, Serkan Alpin, 94-011 Kaweo Place, Mililani 96789. Vittorio Di Verona Spa LLC, P.O. Box 37284, Honolulu 96837.

Simplify Management Solutions LLC, Kealii Alexander, 579 Ulumawao St., Kailua 96734. Simply Clean Hawaii LLC, Janelle Arias, 1358 Molehu Drive, Honolulu 96818. SJDW Creative Solutions LLC, Samantha Wright, 871550 Farrington Highway Unit D-6, Waianae 96792.

4TUNE, 1441 Kapiolani Blvd. Suite 1300, Honolulu 96814. Bad-Robin Real Estate Investments Inc., Sherland Robinson, 590 Farrington Highway Unit 210 No. 212, Kapolei 96707. Bestcrew USA Inc., 1136 Union Mall Suite 301, Honolulu 96813. Dragonfly Spa Inc., Randall Hamer, 1750 Kalakaua Ave. Suite 1405, Honolulu 96826.

Fotoworx, P.O. Box 3225, Honolulu 96801. G & Ells Inc., Mario Guajardo, 1650 Ala Moana Blvd. Apt. 501, Honolulu 96815. Kamaaina Lock and Key Corp., P.O. Box 240225, Honolulu 96824. Little Quiapo Filipino Food & Halo Halo Inc., 99-436 Ulune St., Aiea 96701. Mahalo Networks Honolulu Inc., Tsuyoshi Tahara, 2987 Kalakaua Ave. Unit 406, Honolulu 96815. Maui Cleaning Care Inc., Adam Rysmanowski, 1215 S. Kihei Road Suite O Unit 239, Kihei 96753. Nether Industries Inc., 1633 Commerce St., Enumclaw, Wash. 98022.

Paul Maria Salon Inc., 3443 Waialae Ave., Honolulu 96816.

Sophia Roud Media LLC, 809 Kiaala Place, Honolulu 96825.

Pierre Appliance Repair & Service Inc., 94-1102 Lumikuke Place, Waipahu 96797.

Sugar Mill Lounge LLC, Rowena Valdez, 94-333 Waipahu Depot St., Waipahu 96797.

Debusk Services Group LLC, 3214 Pasadena Freeway, Pasadena, Texas 77503. Diamond Head Developers, 655 Ocean View Drive, Camarillo, Calif. 93010. Diamond Head LLC dba Diamond Head Developers, 655 Ocean View Drive, Camarillo, Calif. 93010.

Primo, P.O. Box 3235, Honolulu 96801. Recc Repair’s Inc., P.O. Box 1802, Kahului 96733. Root Hawaii International Inc., 28-2606 Kaigandori Chuo-Ku, Kobe, Hyogo 650-0024. SNK Hood & Duct Cleaning Inc., Kham Khammanee, 98-099 Uao Place Unit 2207, Aiea 96701.

KA 103 LLC, 2084 Ryder Road, Fennville, Mich. 49408. Kenolio LLC, 793 Cemetery Lane, Aspen, Colo. 81611. Naau Nanea LLC, Helene Wright-Sett, 232 Olu St., Hilo 96720. Sunrun Ulysses Owner 2016 LLC, 595 Market St. 29th Floor, San Francisco, Calif. 94105. The Upside Travel Co. LLC, 1602 L St. N.W. Second Floor, Washington, D.C. 20036. Velux America LLC, P.O. Box 5001, Greenwood, S.C. 29648-5001. Velux Solutions LLC, P.O. Box 5001, Greenwood, S.C. 29648. Verus Residential Loanco LLC, 1155 F St. N.W. Suite 1075, Washington, D.C. 20004.

FOREIGN PROFIT CORPORATION

Agency Marketing Services Inc., 9800 N. Fourth St. Suite 400, St. Petersburg, Fla. 33702. Arxium Inc., 96 Nature Park Way, Winnipeg, Canada R3P 0X8. Candido Hermida USA Inc., 1501 Broadway Times Square 12th Floor, New York, N.Y. 10036-5601. First Class Co. Ltd., 2-2-25 Ekimaedori Utsunomiya, Tochigi 321-0964. Intellishore Corp., 59 Chelsea Piers Suite 200, New York, N.Y. 10011. K. Wright Designs, 22792 Centre Drive Suite 111, Lake Forest, Calif. 92630. Kash King Management Inc, 601 E. Charleston Blvd. Suite 100, Las Vegas, Nev. 89104. Labor Ready Mid-Atlantic Inc., 1015 A St., Tacoma, Wash. 98402. Logicalis Inc., 2600 S. Telegraph Suite 200, Bloomfield Hills, Mich. 48302. Plexsys Interface Products Inc., 4900 N.W. Camas Meadows Drive, Camas, Wash. 98607. SAE Audio Inc., 481 N. Santa Cruz Ave. Unit 255, Los Gatos, Calif. 95030.

SAVE THE DATE! THURSDAY AUGUST, 11, 2016 HAWAII CONVENTION CENTER

Tangerine Travel Ltd., 16017 Juanita Woodinville Way N.E. Suite 201, Bothell, Wash. 98011. TMK50 Development, 4316 Marina City Drive Suite G-101, Marina Del Rey, Calif. 90292. Tnet HR4 Inc., 1100 San Leandro Blvd. Suite 400, San Leandro, Calif. 94577. Used-Car-Parts.com Inc., 1980 Highland Pike, Fort Wright, Ky. 41017.

HK 650 LLC, 2084 Ryder Road, Fennville, Mich. 49408.

Sol Color LLC, Marly Demeranvill, 74-A Waipahe St., Kihei 96753.

Starbox Events LLC, Cielo Alarca, 528 Ihe St., Honolulu 96817.

Coco Palms Hui LLC, 1050 Bishop St. Suite 303, Honolulu 96813.

DOMESTIC PROFIT CORPORATION

Pacific Breeze Consulting Inc., 1750 Kalakaua Ave. Suite 201, Honolulu 96826.

Special K Properties LLC, Stanley Chang, 700 Bishop St. Suite 1104, Honolulu 96813.

Symmetric Solutions Inc., 10143 Old Oregon Trail, Redding, Calif. 96003.

World Wide Destinationist, Danielle Diamond, 955 Waimanu St., Honolulu 96814.

Sleeping Giant Partners LLC, 2979 Kalakaua Ave. Unit 803, Honolulu 96815.

Spactana LLC, Shun Pactanac, 94-1231 Kahuaina St., Waipahu 96797.

Care Sift LLC, 2521 Farrier Lane, Reston, Va. 20191.

Harmony Estate LLC, 1-15 Modena Idaimae Minami 1-Jo Nishi 16-Chome, Hokkaido, Japan 060-0061.

Eco-Mana Inc., Milosz Cielebak, 1134 Kinau St. Apt. 302, Honolulu 96814.

Scorpion Production/ Agency LLC, Richard Webb, 150 Hamakua Drive Unit 352, Kailua 96734.

Stonemark Inc., 8501 Wade Blvd. Suite 620, Frisco, Texas 75034.

Wretched Keiki LLC, Jackie Johnson, 3867 Lurline Drive, Honolulu 96816.

Prowash Hawaii LLC, Johnny White, 520 Lunalilo Home Road Unit 6119, Honolulu 96825.

Sapphire Vision LLC, 94-105 Pupukahi St. Apt. A, Waipahu 96797.

AK KM LLC, 16055 Ventura Blvd. Suite 1200, Encino, Calif. 91436.

Waikoloa Development Inc. dba TMK50 Development, 431 N. Brand Blvd. Unit 201, Glendale, Calif. 91203.

Eco Farm Inc., Guoxiang Huang, 87-1174 Hakino Road Unit A, Waianae 96792.

R. Panui Trucking LLC, Robert Panui, 91-876 Haiamu St., Ewa Beach 96706.

Standard Equipment Co., 2033 W. Walnut St., Chicago, Ill. 60612.

Forcepoint LLC, Quarry Oaks 1 Suite 350 10900-A Stonelake Blvd., Austin, Texas 78759.

With Love LLC, Melanie Vakalalabur, 2486 Komo Mai Drive, Pearl City 96782.

Princess Properties LLC, 4348 Waialae Ave. Unit 526, Honolulu 96816.

R-Man Painting LLC, P.O. Box 893022, Mililani 96789-3022.

Safety Building Cleaning Corp., 5 W. 37th St. Suite 803, New York, N.Y. 10018.

R   Building Permits HAWAII COUNTY

$11,200,000--County of Hawaii, 2299 Hoolaulima Road, Hilo, Hawaii, new transit agency facility, Contractor: Maryl Group Construction Inc., Tax Key: 3-2-1-013-018. Permit No. BH2016-00148, 02/03/16 $10,733,427--State of Hawaii, 651190 Spencer Road, Kamuela, Hawaii, addition/alteration, Contractor: Bodell Construction Co., Tax Key: 3-6-5-001-003. Permit No. BK2016-00304, 02/25/16 $2,900,000--Thuy Fujimoto, Queen Kaahumanu Highway, Kailua-Kona, Hawaii, new dwelling, Contractor: GM Construction Inc., Tax Key: 3-7-3-064-012. Permit No. BK2016-00190, 02/01/16 $2,430,000-Kulanakauhale LLC, 72-3548 Kulanakauhale Place, Kailua-Kona, Hawaii, new dwelling, Contractor: Aina Ola Inc., Tax Key: 3-72-029-055. Permit No. BK2016-00238, 02/10/16 $800,000--David A. Yonan, 31-154 Hawaii Belt Road, Ninole, Hawaii, new dwelling, Contractor: Viktor Kocharov, Tax Key: 3-3-1-001-010. Permit No. BK2016-00283, 02/23/16 $710,000--Jonathan Andrew and Leslie Jane Woods Trust, 776485 Alii Drive, Kailua-Kona, Hawaii, new dwelling, Contractor: Jonathan Andrew and Leslie Jane Woods Trust, Tax Key: 3-7-7-010-041. Permit No. BK201600281, 02/23/16

DON’T MISS OUT!

PBN’s 2015 small business expo was a resounding success with over 600 attendees, 90+ booths and business development seminars. This year’s event will be even better. Don’t miss this chance to showcase your business amongst other industry leaders in the professional setting that only PBN can deliver. This year, the Expo will be located in the Hawaii Convention Center’s Kalakaua Ballroom on Level Four. This means one room, more booths, and a fantastic location BOOTH directly next door to our annual PACKAGE $750 Hawaii’s Fastest 50 Event!

INCLUDES

EARLY BIRD SPECIAL

• ( 1 ) One 6ft display table with table cloth • ( 2 ) Two chairs • Pipe and drape: 8’ backwall with 3’ high sidewalls • Display ad in Expo special section in PBN with 50,000 weekly readers. • ( 2 ) Two one-year subscriptions to PBN • Complete list of exhibitors * Electricity for booth is an additional cost

$700,000--Hawaii Preparatory Academy, 651692 Kohala Mountain Road, Kamuela, Hawaii, alteration, Contractor: Central Pacific Management LLC, Tax Key: 3-6-5-001-033. Permit No. BK2016-00271, 02/22/16 $600,000--Alvint LLC, 731390 Kukuna St., Kailua-Kona, Hawaii, new dwelling, Contractor: Alvint LLC, Tax Key: 3-73-007-075. Permit No. BK2016-00240, 02/10/16

BOOTH SALES CONTACT EMILY PELLIN 808.955.8003 epellin@bizjournals.com

EVENT SPONSORSHIP CONTACT SCOTT KATO 808.955.8048 skato@bizjournals.com FOR INFORMATION OR TO REGISTER bizjournals.com/ pacific/event/134972

Presenting Sponsor Nonprofit Sponsor


28

PACIFIC BUSINESS NEWS

Solutions Inc., Tax Key: 2-1-033-007. Permit No. 785801, 04/26/16

$600,000--BP Bishop Estate, 160720 Volcano Road, Volcano, Hawaii, alteration, Contractor: Carrier Corp., Tax Key: 3-1-6-003-012. Permit No. BH2016-00141, 02/01/16

OAHU

$10,000,000--Pentecost Hawaii LLC, 1010 Munu St., Kapolei, Oahu, new indoor mini soccer courts, Contractor: Swinerton Builders, Tax Key: 9-1075-020. Permit No. 785804, 04/26/16 $9,277,416--City and County of Honolulu, 91184 Kaomi Loop, Kapolei, Oahu, new solar building project, Contractor: Performance Systems Inc., Tax Key: 9-1-026-030, 033-035. Permit No. 785557, 04/21/16 $9,277,416--City and County of Honolulu, 91-184 Kaomi Loop, Kapolei, Oahu, site work, Contractor: Performance Systems Inc., Tax Key: 9-1026-033-035. Permit No. 785559, 04/21/16 $2,700,000--Marriott Waikiki Beach Resort and Spa, 2552 Kalakaua Ave., Honolulu, Oahu, alteration, Contractor: Lyle Hamasaki Construction Inc., Tax Key: 2-6-026-002, 003, 006. Permit No. 785759, 04/25/16 $2,100,000--Shoji Residence, 1528 Mokulua Drive, Kailua, Oahu, new dwelling, Contractor: Barker Kappelle Construction, Tax Key: 4-3-003-065. Permit No. 785590, 04/21/16 $1,322,270--City and County of Honolulu, 530 S. King St., Honolulu, Oahu, fire alarm improvements, Contractor: Network Power

$1,250,000--Thomas S. and Karen K. Kiyabu, 747 Elepaio St., Honolulu, Oahu, new dwelling, Contractor: Complete Construction Services Corp., Tax Key: 3-5-032027. Permit No. 785505, 04/20/16 $1,000,000--Pentecost Hawaii LLC, 1010 Munu St., Kapolei, Oahu, site work, Contractor: Swinerton Builders, Tax Key: 9-1-075-020. Permit No. 785813, 04/26/16 $1,000,000--Chanel Inc., 1450 Ala Moana Space 2200/2204, Honolulu, Oahu, alteration, Contractor: Ronald G. Gordines, Tax Key: tax map not provided. Permit No. 785695, 04/22/16 $900,000--Christy Lei, 739 N. Judd St., Honolulu, Oahu, new dwelling, Contractor: Maikai Construction LLC, Tax Key: 1-7-039-021. Permit No. 785642, 04/22/16 $900,000--Jin Sheng Lee, 6039 and 6037 Kalanianaole Highway, Honolulu, Oahu, new dwelling, Contractor: EXPO LLC, Tax Key: 3-8-002013. Permit No. 785636, 04/22/16 $740,000--Cynthia W.H. Suzuki Trust, 1805/1805A Kaikunane Loop, Honolulu, Oahu, new dwelling, Contractor: HK Construction Corp., Tax Key: 1-6-027-019. Permit No. 785756, 04/25/16 $507,000--Leonard Won, 99-910 Kalawina Place, Aiea, Oahu, new dwelling, Contractor: Homeworks Construction Inc., Tax Key: 9-9-067-002. Permit No. 785663, 04/22/16

R   Court Report CASES FILED IN 1ST CIRCUIT COURT

OAHU

C-16-1-0783--A.K. vs. Frederick Rames/State of Hawaii et al., sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0772--K.R. vs. Sutter Health Pacific and Kahi Mohala et al., negligence. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0784--F.F. vs. Roman Catholic Church in the State of Hawaii, sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0773--H.B. vs. Roman Catholic Church in the State of Hawaii et al., sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0785--T.C. vs. Roman Catholic Church in the State of Hawaii et al., sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0774--D.C. vs. Roman Catholic Church in the State of Hawaii, sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16.

C-16-1-0786--David W.K. Auld/William Brewer/Scott Horiuchi/ Joseph L.K. James et al. vs. Trustees of the Estate of Bernice Pauahi Bishop dba Kamehameha Schools et al., sexual abuse. Atty. for plaintiff: Michael J. Green, 04/22/16.

C-16-1-0775--M.M. vs. The St. Andrews School dba St. Andrews Priory School/Episcopal Church in Hawaii et al., sexual abuse. Atty. for plaintiff: Randall L.K.M. Rosenberg, 04/22/16. C-16-1-0778--John Roe 48 vs. Catholic Foreign Mission Society of America Inc. aka Maryknoll Fathers and Brothers et al., sexual abuse. Atty. for plaintiff: Mark F. Gallagher, 04/22/16. C-16-1-0779--John Roe 55 vs. Roman Catholic Church in the State of Hawaii et al., sexual abuse. Atty. for plaintiff: Mark F. Gallagher, 04/22/16. C-16-1-0780--Rhona Ako vs. Horita Realty LLC dba Horita Realty et al., breach of agreement/ unjust enrichment. Atty. for plaintiff: Sharon V. Lovejoy, 04/22/16.

C-16-1-0787--John Doe vs. Roman Catholic Church in the State of Hawaii et al., sexual abuse. Atty. for plaintiff: Brian K. Mackintosh, 04/22/16. C-16-1-0794--John Roe 58 vs. Catholic Foreign Mission Society of America Inc. aka Maryknoll Fathers and Brothers et al., sexual abuse. Atty. for plaintiff: Mark F. Gallagher, 04/25/16. C-16-1-0795--Suk Cha Haida individually and Personal Representative of the Estate of Walter Kiyoshi Haida vs. Ohana Pacific Management Co. Inc. dba Puuwai O. Makaha et al., wrongful death. Atty. for plaintiff: Dennis W. Jung, 04/25/16.

GABE AMEY Hawaii VA Loans

WALLACE KELLEY Securitas Security Services USA Inc.

JENNIFER ARMSTRONG Kaia Consulting

VINCENT KIMURA Smart Yields

BRENDA ASUNCION Kuaaina Ulu Auamo KUA

TIMOTHY LARA Hawaiian Paddle Sports

LISA AYABE Cades Schutte

JASON LENT Lent Enterprises Digital

IAN BIGELOW Locations LLC

SCOTT LOOS Wet ‘n’ Wild

JOE BOCK Nella Media Group

SARAH LOVE Bays Lung Rose & Holma

MAXINE BURKETT UH Law School

RUDY MARILLA Kaiser Permanente Hawaii

ROCKY CANON Turtle Bay Resort

TIARE MARTIN Oceanit

RYAN CHAR Group 70 International

ALICIA MICHIOKA New Media Productions

LIANE KIMURA CHONG Inspired Financial Partners, LLC

MELISSA MIYASHIRO Blue Planet Foundation

MARC GANNON Aloha United Way

TODD NACAPUY State of Hawaii

SCOTT GLENN Hawaii State Office of Environmental Quality Control

ZAKARY NOYLE Zak Noyle Photography

FARRAH-MARIE GOMES University of Hawaii Hilo North Hawaii Education and Research Center SEAN HOOKANO-BRIEL Comprendio Inc.

KYLE OKAMURA Redmont Group TREVOR OZAWA Honolulu City Council JOHN ROTH Hawaii Trust & Estate Counsel MATTHEW SASAKI ike

STEPHANIE HSU Group 70 International

VINCE SOLIVEN MVNP

JENNA ISHII Polynesian Voyaging Society MELI JAMES Sultan Ventures DOUG JOHNSTONE The Howard Hughes Corp.

RYAN MAE SWEENEY Honolulu Club JOYCE TAMORI Hale Makua Health Services BEN TREVINO Bikeshare Hawaii

MALIA KAAIHUE DTL LLC

MARCUS YANO SystemMetrics

YouR onlinE PRint PoRtal

When THURSDAY, JUNE 9, 2016 / Where HAWAII CONVENTION CENTER 500PM REGISTRATION / 600PM-730PM AWARDS PROGRAM 730PM-900PM CELEBRATION RECEPTION / $10 SELF-PARKING

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NEED MORE INFORMATION Contact EMILY PELLIN E-mail EPELLIN@BIZJOURNALS.COM / Phone 808.955.8003 Ticket and Table Packages BIZJOURNALS.COM/PACIFIC/EVENT/134942 GOLD SPONSOR

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29

MAY 6, 2016

LEADS C-16-1-0801--Jane E. Fowler individually and Trustee vs. AOAO Harbor Square/Harbor Square Inc. et al., negligence property damage. Atty. for plaintiff: Mitchell S. Wong, 04/25/16. C-16-1-0802--Bryan S. McVea vs. The Queens Medical Center et al., negligence. Atty. for plaintiff: Thomas D. Yano, 04/25/16. C-16-1-0804--Beverly Williams vs. Aloha Tower Development Corp. et al., negligence. Atty. for plaintiff: Laurent J. Remillard Jr., 04/26/16. C-16-1-0809--Student Roe 30 vs. Trustees of the Estate of Bernice Pauahi Bishop dba Kamehameha Schools et al., sexual abuse. Atty. for plaintiff: Steven K. Hisaka, 04/26/16. C-16-1-0818--Diego S.F. and Ludmyla G.F.A. Mirandaq vs. Landscape Hawaii Inc. et al., negligence. Atty. for plaintiff: Ian L. Mattoch, 04/27/16.

R   Foreclosures IN 1ST CIRCUIT COURT

OAHU

C-16-1-0766--Wells Fargo Bank NA vs. Marshall D. Chinen Special Administrator of the Estate of Allen Tone deceased et al. Suit to foreclose mortgage on 85-003 Pokai Bay St. Apt. 403, Waianae, Oahu 96792, for alleged nonpayment of principal sum of $99,619 plus interest. Atty. for plaintiff: Karyn A. Doi, 04/21/16. C-16-1-0770--Freedom Mortgage Corp. vs. Albert P. Palmere Jr. et al. Suit to foreclose mortgage on 95-1093 Wikao St. Apt. 71, Mililani, Oahu 96789, for alleged nonpayment of principal sum of $538,741 plus interest. Atty. for plaintiff: Peter T. Stone, 04/21/16. C-16-1-0771--The Bank of New York Mellon vs. Marjorie A. Miyahara et al. Suit to foreclose mortgage on 1717 Mott Smith Drive Unit 808, Honolulu, Oahu 96822, for alleged nonpayment of principal sum of $347,750 plus interest. Atty. for plaintiff: Peter T. Stone, 04/21/16. C-16-1-0776--Cit Bank NA vs. John C. Wright and Verlieann K. Malina-Wright et al. Suit to foreclose mortgage on 361 Kaimake Loop, Kailua, Oahu 96734, for alleged nonpayment of principal sum of $407,292 plus interest. Atty. for plaintiff: David E. McAllister, 04/22/16. C-16-1-0777--US Bank Trust NA vs. Filmanuel M. and Evangeline C. Tolete et al. Suit to foreclose mortgage on 1209 Kokea St. Apt. F-101, Honolulu, Oahu 96817, for alleged nonpayment of principal sum of $191,929 plus interest. Atty. for plaintiff: Karyn A. Doi, 04/22/16. C-16-1-0781--Deutsche Bank National Trust Co. vs. Eduardo and Monica I. Lactoen et al. Suit to foreclose mortgage on 94-309 Paiwa St., Waipahu, Oahu 96797, for alleged nonpayment of principal sum of $495,000 plus interest. Atty. for plaintiff: Steven T. Iwamura, 04/22/16.

C-16-1-0782--Ditech Financial LLC vs. Tatsugo Yoda and Shinobu Sakakura et al. Suit to foreclose mortgage on 500 University Ave. Unit 710, Honolulu, Oahu 96826, for alleged nonpayment of principal sum of $292,000 plus interest. Atty. for plaintiff: Steven T. Iwamura, 04/22/16. C-16-1-0788--AOAO 250 Ohua vs. Betty J. Dykstra Trustee et al. Suit to foreclose mortgage on 250 Ohua Ave. Apt. 9-B, Honolulu, Oahu 96815, for alleged nonpayment of principal sum of common expenses plus interest. Atty. for plaintiff: Mark K. McKellar, 04/22/16. C-16-1-0789--US Bank Trust NA vs. Kevin K. and Sheila Ann Kanekoa et al. Suit to foreclose mortgage on 47-575 Laniwela Way, Kaneohe, Oahu 96744, for alleged nonpayment of principal sum of $556,942 plus interest. Atty. for plaintiff: Peter T. Stone, 04/22/16. C-16-1-0790--Deutsche Bank National Trust Co. vs. Natylia M. and Floriano M. Miyat et al. Suit to foreclose mortgage on 1352 Anapa St., Honolulu, Oahu 96818, for alleged nonpayment of principal sum of $637,450 plus interest. Atty. for plaintiff: Steven T. Iwamura, 04/25/16.

BUSINESS MARKETPLACE

To advertise, contact Jacie Tomiyoshi at 808-955-8050 or jtomiyoshi@bizjournals.com

VP/GENERAL MANAGER ADVERTISE

HERE

Contact Jacie Tomiyoshi at 808-955-8050 or jtomiyoshi@bizjournals.com

COMMERCIAL ACCOUNT MANAGER

FOR SALE - VACANT LAND Kuala Street, Pearl City

■ Last contiguous undeveloped ■ $11,900,000 site in a new commercial ■ TMK (1) 9-7-024-055 community. ■ Land Area: 3.384 acres ■ ■ Zoning: IMX-1, Industrial Mixed Use Adjacent Lot: New Hickam ■ Long street frontage along Kuala St. FCU main branch ■ Co-op Broker’s Fee: 2% ■ Relatively level site CHRISTINE G ADDERLEY (R), chrisa@trc-ltd.com 808.294.2918 | 1042 Fort Street Mall, #300 Honolulu, Hawaii 96813

Industrial warehouse space and vacant land available for rent in Kailua. Contact Paul King at (808) 349-4954

C-16-1-0792--Deutsche Bank National Trust Co. vs. Marissa C. and Fredy T. Domingo et al. Suit to foreclose mortgage on 91-708 Aikanaka Road, Ewa Beach, Oahu 96706, for alleged nonpayment of principal sum of $388,000 plus interest. Atty. for plaintiff: Steven T. Iwamura, 04/25/16.

C-16-1-0796--US Bank NA vs. Harold A. Sylva Jr. et al. Suit to foreclose mortgage on 91-431 Papipi Drive, Ewa Beach, Oahu 96706, for alleged nonpayment of principal sum of $357,631 plus interest. Atty. for plaintiff: Peter T. Stone, 04/25/16.

LEASE FEE INTEREST ■ Offering Price: $5.2 ml. ■ National Tenant: Chevron USA since 1964 ■ Please Do Not Disturb Tenant

Rod Sugai (S), rsugai@cbi-hawaii.com | 808.441.0516 Dennis Wiens (B) CCIM, dwiens@cbi-hawaii.com | 808.441.0536

Self-Directed IRAs

C-16-1-0797--Wells Fargo Bank NA vs. Mark T. Miyashita et al. Suit to foreclose mortgage on 98-307 Kaonohi St. Apt. 3-402, Aiea, Oahu 96701, for alleged nonpayment of principal sum of $59,797 plus interest. Atty. for plaintiff: Lester K.M. Leu, 04/25/16. C-16-1-0798--Vanderbilt Mortgage and Finance Inc. vs. Timothy L. Delos Reyes et al. Suit to foreclose mortgage on 91-1029 Puamaeole St. Apt. 2-R, Ewa Beach, Oahu 96706, for alleged nonpayment of principal sum of $257,374 plus interest. Atty. for plaintiff: Lester K.M. Leu, 04/25/16.

PEGGY P. YUAN 袁碧姫 REALTOR® Broker, PB, RB-16692 Fluent in Japanese, Mandarin and Taiwanese 通: 英,國,台,日語 Direct: 808.895.8863 Email: Peggy@LavaRockRealty.com www.LavaRockRealty.com Your Hawai‘i Island REALTOR®

■ Land Area: 20,000 sf. ■ Total Building: 3,846 sf. (2 buildings) ■ Tenure: Fee Simple ■ Zoning: B-2 Business

Real Estate IRAs Precious Metals IRAs Alternative Assets Custodial Services and more... IRAHawaii.com | 808-521-4472

TO BE HELD AT: The Lockup Self Storage ADDRESS: 1901 Kapiolani Blvd., Honolulu, HI 96826 DATE: May 23, 2016 BEGINS AT: 10:00am

UNIT # 32 - Malae Pomele ITEM(S) Fride, Restaurant Supplies, Stroller, Misc. Items. (10x13) $1543.28

CIP S, CRB, CRS, A BR, GRI, SRS FOR SALE (FS) - Investment Opportunity 1402-1418 North School St. Honolulu, Hawaii

NOTICE OF PUBLIC SALE

CONDITIONS: All units will be sold to the highest bidder. Bids will be taken only for each unit in its entirety. Payment must be made by certified check, money order or cash ONLY. No personal checks or credit cards accepted. All goods must be removed from the unit within 24 hours. Payment is due IMMEDIATELY upon acceptance of winning bid. Unit availability is subject to prior settlement of account.

FOR RENT!

C-16-1-0791--US Bank NA vs. Myung H. Lang et al. Suit to foreclose mortgage on 98-517 Kamahao Place Apt. 18, Pearl City, Oahu 96782, for alleged nonpayment of principal sum of $345,000 plus interest. Atty. for plaintiff: Steven T. Iwamura, 04/25/16.

C-16-1-0793--Wells Fargo Bank NA vs. Peteriko W. Route et al. Suit to foreclose mortgage on 91-1200 Kaileolea Drive Apt. 2K6, Ewa Beach, Oahu 96706, for alleged nonpayment of principal sum of $328,114 plus interest. Atty. for plaintiff: Karyn A. Doi, 04/25/16.

Seeking an experienced, confident, sales and business development professional with proven leadership skills. This position will manage and cultivate client relations with commercial brokers/lenders, attorneys, and developers. The ideal candidate will have 5-10 years of experience in the commercial real estate industry. Knowledge of title and escrow services preferred. Salary commensurate with experience. We provide a competitive benefit package. Apply online at www.tghawaii.com. Title Guaranty has been a part of Hawaii’s history since 1896. Our mission is to provide superior real estate products and services that exceed customer’s expectations. An EEO Company Committed to a Drug and Alcohol-Free Workplace

Pacific Pump and Power, Inc. is seeking to hire a full-time VP/General Manager to oversee and manage company operations, all personnel and financial matters. Minimum bachelor’s degree in management plus at least 5 years experience in an executive management position in a pump and heavy equipment rental and service business required. Factory training from Godwin Pumps, Warren Rupp, Volvo Penta and McElroy Manufacturing required. Job Site: Kapolei and Hawaii Statewide Mail or email resume and cover letter to: Pacific Pump and Power, Inc. 91-503 Nukuawa St. Kapolei, HI 96707 Email: jleonard@investologist.com

NOTICE OF ABANDONED PROPERTY NOTICE IS HEREBY GIVEN that the undersigned will sell at public sale by competitive bidding on Thursday May 19, 2016 at 10:00 am at HAWAII SELF STORAGE, 2009 Lauwiliwili St. Kapolei, HI 96707. Sale proceeds will be used to offset unpaid rent, storage fees and costs of sale. Registration will be at 9am. The following is a brief description of property that may be sold: - D465 Kava, Tevaka $703.20 - queen bed, boxes, clothes, furniture. - D116 Lunson, Timothy $1841.55 - metal racks. - B3201 Lunson, Timothy $4079.76 - metal racks, stove, bicycle. - D438 Nguyen, Thong Van $1048.25 - nail salon furniture, pedicure chairs, boxes. - C169 Sedano III, Joseph $552.03 - black 2 seater couch, tool box. - C379 Javar, Leonard $707.54 - containers, boxes, coffee beans. - D140 Rosa, Francine $524.12 - bins, TV, furniture. - C315 Tuttle, Matthew P. $1075.78 - massage table and equipment, exercise equipment, boxes. All purchased items are SOLD AS IS. Sale is subject to cancellation in the event of settlement between owner and obligated party.

UNIT # 2034 - Three B’ Catering ITEM(S) Restaurant Equipment, Cleaning supplies, Shelving, Mirror, Chairs, Misc. Items. (10x10) $1,048.64 UNIT # 3013 - Antonio Soto ITEM(S) Twin Bed, Box Spring, Standing Mirror, Ladder, Flat Screen TV, Paintings, Misc. Items. (8x10) $1,036.07 UNIT # 3317 - Svetlana Petrovska ITEM(S) Shelves, Fans, Bag, Misc. Items. (5x5) $523.97 UNIT # 4011 - Malae Pomele ITEM(S) Lamps. Misc. Boxes, Wet Vac, Totes, Futon, Misc. Items. (10x10) $864.68

NOTICE OF ABANDONED PROPERTY NOTICE IS HEREBY GIVEN that the undersigned will sell at public sale by Competitive bidding on the May 19th, 2016 at 11:00am at HAWAII SELF STORAGE, 488 Kamokila Blvd Kapolei, HI 96707. Sale proceeds will be used to offset unpaid rent, storage fees and costs of sale. Registration will be at 9am. The following is a brief description of property that may be sold: - 2157 Arasato, Kevin $917.22 - speaker, furniture, household items. - 2366A Cordeiro, Tiffany $456.08 - car parts, bins, toolbag. - 3009 Dungo, Beverly $2092.61 - furniture, tires, bikes. - 1267 Morris, Terry $916.80 - boxes, kitchen appliance, furniture. - 2074 Oya, J Dean $909.48 - boxes, bins, golf items. - 2126 Pascua, Lucy $1114.02 - kitchen appliance, garden appliance, furniture. - 3093A Poe, Sharlette $379.62 - boxes, bins. - 3005 Wolfgang, Nancy $650.71 - bird cage, chair, couch. - 3411 Sullivan, Evelyn $1707.20 - medical supplies, bins, bed frame - 2316A Konishi, Kevin $223.09 - shelving, cooler, printer. - 2113 Spencer, Joe $649.45 - fishing stuff, bike, surfboard. All purchased items are SOLD AS IS. Sale is subject to cancellation in the event of settlement between owner and obligated party.


30

PACIFIC BUSINESS NEWS

OPINION

Send letters to Pacific Business News 737 Bishop St., Suite 1590 Honolulu, HI 96813 pacific@bizjournals.com

Pacific Business News welcomes letters to the editor

MY VIEW

PUPU PLATTER NO. 23

Short-term vacation rental dilemma needs peacemaking

Housing shortage

Think what you want about the current presidential campaign, the rhetoric of mostly unsubstantiated, nonfactual assertions has underlined the need for more science and reason in our public discourse. This need Tom is clearly evidenced DiGrazia in at least one highly contentious local public policy arena: the short-term vacation rental controversy on Oahu. Those opposed to, or in favor of, short-term vacation rentals or almost any other public policy issue, have one thing in common: each lack interchangeable perspectives. Those opposed claim their reasoning is based on the destruction of residential neighborhoods, increased traffic, homelessness, and crime, scofflaw rental owners who do not pay their transient accommodations taxes or neglect to control the negative behavior of their guests. Very little fact-based, scientifically provable evidence is offered by those opposed to back up these claims. Until very recently, those who have vacation rentals have been hesitant to stand up and express their views in public media and forums for fear of being discovered doing something illegal—a violation of the county residential zoning code. Many of these operators are long-term residents of Oahu and dependent upon the income from their rentals to enable them to continue living in their homes. Their collective silence is, an arguably justifiable position, particularly for small owner-occupied short-term rental owners fearing financial disaster for themselves and their dependent families. Another reason has been that they have followed the principle enunciated by social scientists that allegations without fact-based evidence can be rejected. R WHAT

DO YOU THINK?

Pacific Business News welcomes letters from readers. We reserve the right to edit for space and/or clarity. All letters must be typewritten or emailed and include the writer’s name, address and phone number. Mail to: Pacific Business News, 737 Bishop St., Suite 1590, Honolulu, HI 96813. Send via the Pacific Business News website at PacificBusinessNews.com. Submissions become the property of PBN and may not be published or used in any other medium.

As reporter Duane Shimogawa reminds us in this week’s cover story, Oahu has a severe housing shortage, with 25,847 units needed for Oahu alone over just the next 10 years, according to a study by the state A. Kam Napier Department of Business, Editor-In-Chief’s Economic Development and Tourism. We thought that Castle & Cooke’s Koa Ridge development was worth a cover story not only because housing is so desperately needed, but because Koa Ridge is an example of what delaying the development process does for homeowners. It took 15 years for Castle & Cooke to get permission to move forward. The legal costs the developer has incurred defending its plans for a decade and a half are now just one of many expenses that will have to be recouped through the price of the homes. The homes also now have to be built when construction costs have never been higher and when the shortage has lifted home prices to astronomical levels. As a result, the top price for a five-bedroom home in Koa Ridge will be more than $900,000. All this delay and expense thanks to an opinion on the part of the Sierra Club that Oahu doesn’t need 3,500 new housing units. Nope. It needs nearly 26,000. With Koa Ridge, we’re just 13.5 percent of the way there! For space reasons we cut an observation from Glen Kaneshige, President of Nordic PCL Construction about the future of Kakaako development from page 18, but I want to highlight here, as it speaks to this challenge. “The high-rise condo market in Kakaako appears to still have legs,” he said. “but I believe that we’ll be seeing the product type changing from luxury to workforce housing since demand remains strong for affordable units.” I certainly hope so!

They hoped that when facts emerge, opinions would be adjusted. This stalemate in interchangeable perspectives or the oppositional forces on this issue being able to see the viewpoint of the other and find reasonable ways of accommodating each other has left our public policy officials and public in a quandary. The stalemate has created a contentious warzone in many Oahu communities. It pits neighbors and friends into two warring tribes. These tribes often see the world from an emotionally laden and rhetorical perspective, not based on actual, cognitive facts. What can our public policymakers do to alleviate or transcend this political and social issue stalemate? The traditional political approach of large “talk story” public meetings and legislative hearings cannot work when one side is afraid to speak up for fear of being cited. One answer is to convene a fact-based peacemaking process facilitated and mediated by professional peacemakers. Policymakers would make a commitment that if participants can find common ground and offer reasonable policy recommendations, they would do their utmost to enact the suggested recommendations. For the policymakers, convening and implementing such a bold approach would require courage. For participants, they would have to accept interchangeable perspectives and be willing to understand each other’s viewpoints. For the public, it will help us move away from non-factual and harmful emotional rhetoric towards a more civilized 21st Century public policy, which is fact driven and would inform policy with evidence and analysis. Tom DiGrazia, JD, MA, Director, Mediation Center—Windward Oahu, Author, Light On Peacemaking 2016, Former Adjunct Professor of Mediation and Conflict at HPU

R BUSINESS

PULSE SURVEY

WE ASKED

How likely are you to become a customer of one of Hawaii’s future medical marijuana dispensaries?

63.2%

5.0%

Very unlikely

Somewhat unlikely

9.0%

Somewhat likely SPONSORED BY

Total responses: 536

17.7% Very likely

For more surveys see bizjournals.com/pacific/pulse

5.0% Not sure


31

MAY 6, 2016

SOCIAL CAPITAL

Credit union has a new watchdog Q&A BY KATHLEEN GALLAGHER

then undertaking a large audit of the Department of Education and had no one on staff familiar with education. I stayed on as intriguing legislative liaison work and other education audits came along. All fit with my teaching concentrations of social studies and English.

M

arion Higa was the Hawaii state auditor from 1991 to 2012. During her time there, she audited the Hawaii Tourism Authority, the Hawaii Superferry, the state Highways Division, the Office of Hawaiian Affairs and several other state projects. Higa spoke to PBN about the industry, her previous role and her current position on the Hawaii State Federal Credit Union board of directors. How has the financial industry changed in the past 10 years? As with business in general, rapid changes in technology have driven the financial industry to adopt them, or suffer adverse consequences. Shifting to the various electronic means to manage personal and business finances means higher costs: for hardware and software, the systems to secure transactions, the training of staff — the “right sizing” of all operations. At the same time, tighter regulation and smaller profit margins have compelled financial institutions to pay even closer attention to their viability. Hawaii State FCU has anticipated these changes well and has been a leader in technology and innovation. As a member, I’ve been pleased by their agility and forward-thinking approach, and as a board member, I believe it’s helped them remain a strong and financially sustainable organization. What were some of the key things you learned during your 41 years with the auditor’s office? At the auditor’s office, I learned to think in a more structured way, asking the “why” or “how does this happen” and asking for the proof. When requests for an audit highlighted problems at an operational level, and when we tried to determine the cause of those problems (“cause” is one of the required elements of an audit finding), we often traced the source of the problem to a higher level. And that higher level could be a policy, or lack of a policy, set by the governing entity — i.e., a governing board. There would be no point in recommending a lot of operational changes if the basics were not fixed. I apply the same lessons to my new role as a board member.

You did an audit on the Hawaii Superferry. What do you think of an effort to bring it back? As a concept, the ferry would be an appealing addition to our transportation options — but any proposal must be realistically vetted. For example, a ferry must follow environmental laws and slow down wherever whales are, which may limit its sailing frequency and therefore its finances. Whether it would need government subsidies again to start and to continue operations should be made clear to taxpayers and be given serious consideration before bringing it back.

TINA YUEN

What is the most memorable experience of your career? I’ve had the good fortune to have many fond memories, but if I had to choose, I suppose my initial appointment by the Legislature in 1992 stands out, because it was the first of all the other memorable experiences. Although I had succeeded my predecessor, Mr. Newton Sue, as acting auditor upon his retirement, the 1992 Legislature considered several candidates in a novel screening process. As the only female candidate in a male-dominated profession, I knew skeptics abounded. I was the finalist, but both houses had to agree, which they did during a key joint session. Over the next 20 years, my office led, or was an active participant in, the growing appreciation of performance and management auditing over just financial statement auditing, increasing

R CLOSER

LOOK

MARION HIGA Former state auditor and current board member of Hawaii State FCU Address: 560 Halekauwila St., Honolulu, HI 96813 Phone: 808-587-2700 Website: hawaiistatefcu.com

rigor in auditing standards and greater public recognition of “watchdog” agencies. You got your degree in education. How did you make the change to auditing? Actually, it’s two degrees in education. When my late husband and I returned from his law schooling in Colorado, I wanted to do research-related work before going into the classroom. The auditor’s office was suggested to me, because it was

Why have you taken on the new role at Hawaii State FCU? The short answer is, it’s my money, too — and has been for decades. It’s been my primary financial institution ever since state employees could select it as a destination for direct deposit of our paychecks. Its member ownership appealed to me. And my pension checks now go there as well. The long answer is, my career has provided me with foundational knowledge of how governing boards and their organizations ought to work. Now that I am retired, I thought I could contribute, could utilize the skills I’ve developed during my time as a state auditor to give back, because members should always be vigilant about governance of their organizations. What are you excited for in your new role? There is so much to learn, and the subjects are fascinating. As the only new member of the board, I have a lot of catching up to do. It’s been less than a month since the election results were announced, but I have already read hundreds of pages of material and attended multiple events and hours-long meetings. Board membership also enables me to make new acquaintances and renew previous ones. Although I have spent a good deal of my retirement time in travel, which in itself is a stimulating experience, serving on the HSFCU board will enrich my life as well.


32

PACIFIC BUSINESS NEWS

LOWER ENERGY COSTS, COMMUNITY INVESTMENT AND 100% RENEWABLE ENERGY.

Cement Masons Local 630

Hawai‘i Korean Chamber of Commerce

Filipino Chamber of Commerce of Hawai’i

Blue Hawaiian Helicopters

Betsill Brothers Construction

Hawai‘i State AFL-CIO

Hawai‘i Regional Council of Carpenters

Elite Sports Academy

Moloka‘i Chamber of Commerce

Japanese Chamber of Commerce & Industry of Hawai‘i

Hawai‘i Island Chamber of Commerce

HEYER

&ASSOCIATES LLC Hawaiian 105 KINE

Hawai‘i Construction Alliance

Hunt Companies IBEW Local 1186

IBEW Local 1357

IBEW Local 1260

We thank our supporters – more than 100 organizations and growing – for their ko¯kua and aloha. LAND USE RESEARCH FOUNDATION OF HAWAII

KCCN FM 100

L&L Hawaiian Barbecue

Nalo Farms

Makoa Trucking Services

Pacific Resource Partnership

Navy League Honolulu Council

Pelatron Center for Economic Development

Peter Apo Company

Pound4Pound

Wai‘anae Coast Community Foundation

®

Sansei Electric

Power 104.3

United Public Workers Local 646

Increased investment in our electric grid and other critical infrastructure. More affordable and reliable electricity. Greater control for customers over their energy usage and costs. Expanded engagement with community members and business leaders.

Together, Hawaiian Electric and NextEra Energy will be able to accelerate improvements to our electric grid, making those investments at lower interest rates and passing greater savings along to businesses and consumers.

These are just some of the reasons a growing number in our community support the merger between Hawaiian Electric and NextEra Energy.

This merger is good for Hawai‘i’s working families, local businesses and a 100% renewable energy future for our community by 2045.

To learn more, visit ForHawaiisFuture.com

Bricklayers Local 1

Chinese Chamber of Commerce of Hawai‘i


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