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Monday, August 30, 2004

True freshman atop chart

Rocky Mountain News: Colorado
True freshman atop chart

By B.G. Brooks, Rocky Mountain News
August 30, 2004
BOULDER - Jordon Dizon is poised to become the first true freshman to open a University of Colorado football season at inside linebacker when the Buffaloes play Colorado State on Saturday (6 p.m., Folsom Field, FSN).
Dizon, of Kauai, Hawaii, and Akarika Dawn were listed No. 1 at the two inside spots on Sunday's game-week depth chart. Changes always are possible before kickoff.

Other positions of interest: Stephone Robinson is the No. 1 kickoff/punt return specialist; Terrence Wheatley and Gerett Burl are the starting cornerbacks; Joe Klopfenstein and Quinn Sypniewski share the No. 1 tight end spot; the starting receivers are Ron Monteilh and Evan Judge, backed up by Tyler Littlehales and Blake Mackey.
Littlehales probably will be listed as probable this week after suffering a knee injury Friday. Listed behind him is Mike Duren."

Molokai airport slated for repaving

Molokai airport slated for repaving
- 2004-08-30 - Pacific Business News

The U.S. Department of Transportation has set more than $2 million aside for repairs or improvements to three neighbor island airports.

The largest of three grants, $902,500, is to repave the single runway at Molokai Airport.
A second grant, for $760,000, is designated for work on the general aviation apron and exit taxiways at Lihue International Airport on Kauai.
The third grant, for $637,500, is for repairs and improvements to one of the runways at Kahului International Airport on Maui.
The grants were announced by Sen. Daniel Inouye."

Wednesday, August 25, 2004

Central Pacific Financial Corp. and CB Bancshares, Inc. Announce September 13 Election Deadline in Connection with Proposed Merger

Central Pacific Financial Corp. and CB Bancshares, Inc. Announce September 13 Election Deadline in Connection with Proposed Merger

Central Pacific Financial Corp. and CB Bancshares, Inc. Announce September 13 Election Deadline in Connection with Proposed Merger
Wednesday August 25, 5:02 pm ET

HONOLULU, Aug. 25 /PRNewswire-FirstCall/ -- In connection with the proposed merger between Central Pacific Financial Corp. (NYSE: CPF - News) and CB Bancshares, Inc. (Nasdaq: CBBI - News), the companies today announced that CB Bancshares shareholders wishing to make an election as to the form of consideration they will receive in the merger must do so by 11:00 a.m. Hawaii Standard time (5:00 p.m. Eastern time) on Monday, September 13, 2004. As previously announced, CB Bancshares shareholders may elect to receive the merger consideration in the form of cash, shares of CPF common stock or a combination of cash and shares of CPF common stock, subject to proration as described in the joint statement/prospectus previously mailed to shareholders.
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CB Bancshares shareholders must deliver before the election deadline to American Stock Transfer & Trust Company, the Exchange Agent, a properly completed Letter of Transmittal and Form of Election, together with their CB Bancshares stock certificates or properly completed notices of guaranteed delivery. CB Bancshares shareholders may obtain additional copies of the Letter of Transmittal and Form of Election by contacting American Stock Transfer & Trust Company at 1-877-248-6417.

Separately, CPF and CB Bancshares urged their respective shareholders to complete and return their proxies supporting the proposed merger. Hawaii law requires that 75% of each company's outstanding shares vote to approve the merger agreement. For this reason, every vote is important and shareholders are urged to act promptly to ensure that their voices are heard.

About CPF and CBBI

CPF is a Hawaii bank holding company with $2.50 billion in assets as of June 30, 2004. Central Pacific Bank, a wholly owned subsidiary of CPF, is the third largest commercial bank in the State of Hawaii based on assets, with 23 branch offices statewide.

CB Bancshares, Inc. is a bank holding company with $1.88 billion in assets as of June 30, 2004. City Bank, a wholly owned subsidiary of CBBI, provides full commercial banking services through 17 branches on the Island of Oahu, two branches on the Island of Hawaii, two branches on the Island of Maui and one branch on the Island of Kauai.

Legal Information

CPF has filed a registration statement on Form S-4 to register shares of CPF common stock to be issued in this transaction. The registration statement includes a definitive joint proxy statement/prospectus for solicitation of proxies from CPF and CBBI shareholders, in connection with meetings of such shareholders at a date or dates subsequent hereto. Investors and security holders are urged to read the registration statement and the definitive joint proxy statement/prospectus and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they contain important information. Investors and security holders may obtain a free copy of documents filed with the SEC at the SEC's Internet web site (www.sec.gov). Such documents may also be obtained free of charge from CPF by directing such request to: Central Pacific Financial Corp., 220 South King Street, Honolulu, Hawaii 96813, Attention: David Morimoto, (808) 544-0627; or from CBBI by directing such request to: CB Bancshares, Inc., 201 Merchant Street, Honolulu, Hawaii 96813, Attention: Investor Relations, (808) 535-2500.

--------------------------------------------------------------------------------
Source: Central Pacific Financial Corp.; CB Bancshares, Inc.

Affordable housing project opens on Kauai

Affordable housing project opens on Kauai
- 2004-08-23 - Pacific Business News

The state announced Monday that it has opened the second phase of an affordable housing project on Kauai.

Kalepa Village, a 40-unit, two-story project, will be available to individuals and families making less than 50 percent of the median income in Kauai County.

Rents will range from $495 per month for a one-bedroom apartment to $595 for two bedrooms and $695 for three-bedroom apartments.

The $6.8 million project was built with public and private financing.

"Public and private partnerships are helping to address Hawaii's need for more affordable rentals," said Stephanie Aveiro, executive director of the Housing and Community Development Corporation of Hawaii. "We will continue to pursue collaborative opportunities like Kalepa Village to help close the gap on the housing shortfall in our state."

Nearly 200 families signed up for a lottery for one of the 40 units, according to John Frazier, executive director of the Kauai Housing Development Corporation. Others have been put on a waiting list.

Each unit comes with a washer, dryer, range, disposal, refrigerator and drapes. Located in Hanamaulu on the east coast of Kauai, Kalepa Village is near an elementary school, park, job center and county bus lines.

2004 American City Business Journals Inc.

CU's young linebackers streak up Cabral's charts

Rocky Mountain News - Colorado

CU's young linebackers streak up Cabral's charts
By B.G. Brooks, Rocky Mountain News
August 24, 2004

BOULDER - When preseason football camp opened two weeks ago at the University of Colorado, Brian Cabral was searching for competition and depth at inside linebacker. He found both - and, as of Monday, a pair of new starters as well.

While the veteran CU linebackers coach promises daily evaluations at his position until game-week preparation begins for Colorado State (Sept. 4, Folsom Field), the Buffaloes' latest depth chart lists sophomore Jason Ackermann and true freshman Jordon Dizon as the inside starters.

Ackermann, from Fairview High School, moved ahead of sophomore Thaddaeus Washington at the "mike" position, and Dizon supplanted junior Akarika Dawn at the "will" spot. Both new starters stand 6-feet-1 and weigh 220 pounds and, according to Cabral, have parlayed instinctive play and athleticism into their ascents.

If Dizon, a lightly recruited running back from the Hawaiian island of Kauai, holds his position, he will become CU's first true freshman linebacker to start a season opener.

"He's young and made a lot of mistakes (in CU's scrimmage Saturday)," Cabral said. "But his effort and athleticism don't change. He can make a mistake and still make the play."

Listed as Dawn's backup when camp opened, Ackermann, who sat out most of Monday's practice with back spasms, "has been consistent and working hard," Cabral said. "He finds a way to get to the ball. I don't know how he does it. He's come out and had a great camp."

With his position critical to the success of CU's new 4-3 scheme, Cabral said he needs five capable inside players. Washington was impressive in spring drills as Cabral launched a search to replace 2003 starter Sean Tufts. Dawn was a five-time starter last fall.

"I'm going to need all four guys - five, realistically - to get through the season," Cabral said. "All of them will have to help us."

Junior Chris Hollis, a two-game starter in 2003 still recovering from foot surgery in July, hasn't practiced. Sophomore Walter Boye-Doe, another part-time starter last fall, missed spring drills while pondering a transfer and recently has been set back by a minor Achilles' injury.

Cabral expects both players to contend when able, adding to a competitive mix "that we haven't had for a while . . . We aren't thin (at inside linebacker), we're just young and inexperienced."

The immediate high-energy play of Dizon has been CU's consensus camp shocker. "I don't know that you can't have him on the field," Cabral said. "He gives me something I don't have right now."

The soft-spoken Dizon credited help he has received from more experienced teammates for his quick rise: "The older players know what it takes . . . They've been there, done that. I'm still just trying to fit in, trying to learn the ropes."

In another depth-chart change, sophomore Tyler Littlehales moved into a backup receiver position behind senior Ron Monteilh and assumed the No. 2 punter's role behind junior John Torp.

Littlehales said he most recently punted three years ago at Boulder High and now is nursing a sore leg. But he welcomed his new opportunity, as well as his rise at receiver.

He said he has benefited from a good preseason, mainly because, "I'm more focused now and know what it takes to get on the field."

'V' IT UP: CU plans to utilize its fullbacks in a variety of ways, so junior Lawrence Vickers and sophomore Daniel Jolly wanted a depth-chart term to reflect their versatility. Thus, they're officially listed as "V-Backs."

Said offensive coordinator Shawn Watson: "We're using them as fullbacks, tailbacks, receivers . . . They're not just fullbacks. They wanted to have some fun with it, so we let them create their own (position) name."

Vickers said the new name, coined in camp, "brings a different aspect to the game."

ETC.: CU expects to receive word today from the NCAA on Jeremy Bloom's appeal for reinstatement. Bloom and the school will have 10 minutes each to restate their cases before a decision is rendered by the five-member appeals committee. Bloom needs three affirmative votes . . . Redshirt freshman Stephone Robinson is listed in Bloom's place as a kick returner . . . CU sold out its 12,000 season-ticket allotment to the student body on Monday.

brooksb@RockyMountainNews.com or 303-892-5466

Monday, August 23, 2004

Unemployment still varies widely around Hawaii

Unemployment still varies widely around Hawaii
- 2004-08-23 - Pacific Business News

Howard Dicus

Behind the story of Hawaii's new 3 percent unemployment is, as usual, six different stories of job markets in six islands. Even the broad trend of falling unemployment does not hold uniformly across the state.

Last week, the Hawaii Department of Labor and Industrial Relations gave everyone the news that in July, the seasonally adjusted jobless rate for the state had fallen one tenth from June, just as the national rate had. That meant that while the U.S. jobless rate fell to 5.5 percent, the statewide rate fell to 3 percent. The number of employed Hawaii residents rose by more than 900 to more than 611,000, and the number of officially unemployed residents fell by 600 to less than 19,000.

But look how different the jobless rates are by islands, keeping in mind that the following numbers are NOT seasonally adjusted and would probably be slightly lower if they were:

Oahu: 2.9 percent. Unemployment fell one tenth in the City and County of Honolulu, where 72 percent of the state population resides. Most weeks from the beginning of the year through April, there were about 6,000 people getting unemployment checks on Oahu. Then it began to fall. The count fell below 5,000 in May and bottomed out at 4,518 for the week ending Aug. 7, though it rebounded to 4,816 for the week ending Aug. 14.

Big Island: 5.5 percent. Hawaii County was in line with the national jobless rate, right down to another one tenth decline in July. But the Big Island is a tale of two employment centers. The Kona unemployment office has had fewer than 600 on its rolls since early June, down about a fifth from the start of the year. But the Hilo office has had rolls consistently above 1,000 for two months, after counting only 800 jobless recipients through much of the winter.

Maui: 2.9 percent. Unemployment on the island of Maui fell three tenths. It was also five tenths lower than the rate for all of Maui County, which was skewed by the next island. The week ending May 29 was the last time the island of Maui had more than 1,000 unemployment check recipients.

Molokai: 16 percent. Unemployment actually rose four tenths in July on the Friendly Isle, and is only two tenths lower than it was last summer, the least amount of improvement of any island. Molokai is sparsely populated and a few people can drive the number a lot. Most weeks, new applications for unemployment benefits on Molokai measure around 20. In July, the number one week hit 32. Total Molokai residents getting jobless benefits, a statistic that often falls below 100, rose to 176 one week in July.

Lanai: 2.6 percent. While Lanai has had the lowest jobless rate in the state, and still does, the July number actually reflects an increase of three tenths from June. Still, many economists consider any jobless rate below 3 percent to be something very close to full employment.

Kauai: 3.9 percent. This is a two tenths decline from the month before. Kauai has had about 500 unemployment recipients most of the year. It fell to 465 one week in July but by the week ending Aug. 14 it had rebounded to 525.
Reach Howard Dicus at hdicus@bizjournals.com.

Sunday, August 22, 2004

Kauai Airline Information

Kauai Airline Information
By Doug Porter

Airline travel to Kauai from the "mainland" (the rest of the United States) isn't cheap. Airfare from Salt Lake City to Honolulu ranges from $500 to $1400 round-trip depending on the carrier, time of year, and how early you book your flights in advance. Cheaper flights are available if you are flying from the west coast.

Hawaii is one of the most popular vacation destinations in America, and unfortunately the airlines choose to keep these flights full rather than add more flights. A large percentage of people traveling to Hawaii are using frequent flyer miles to get there. Don't expect to find a lot of vacant seats on the plane. Most flights are sold out by departure date.

Kauai's Lihue airport (LIH) handles virtually all arrivals on Kauai. The terminal in Lihue is small, modern, and efficient, but the only airlines that fly into Lihue are Aloha, Hawaiian, and United. Except for United's direct service from San Francisco and Los Angeles, most traveler first fly to Honolulu and then shuttle over to Lihue via Aloha or Hawaiian Airlines.

Honolulu International Airport (HNL) is a large airport and is serviced by dozens of airlines from all over the world. Inter-island flights to Kauai, Maui, Molokai, and the Big Island are located in a separate smaller terminal on the far western side of the main terminal. To get to the Inter-Island terminal, turn left at the curb when leaving the baggage claim area and follow the walkway. Rent a "smart-cart" for $1.25 if you are carrying luggage, or take the free "Wiki-Wiki" bus at curbside because it's a long walk, especially if you are coming from United's gate which is at the far Eastern side of the airport.

At the Inter-island terminal in Honolulu, both Aloha Airlines and Hawaiian Airlines operate flights about every hour to Kauai. Ticket prices are about $80 each way. If you arrive earlier than your reserved flight, it is possible to take an earlier flight to Lihue by going stand-by on the next available flight. Keep in mind that if you do this, you will probably arrive on Kauai before your luggage (unless you checked it only to Honolulu and then re-check it again on your flight to Kauai). If you do arrive before your luggage, just relax and pick up your rental car while you wait. Your luggage will probably be at the baggage claim by the time you pick up the car. Just don't make the mistake of packing your rental car information in your luggage. It's better to keep this with you so you can pick up your car even if your luggage is delayed.

Airline Flights to Kauai:



  • Delta Airlines (800) 221-1212 operates several direct flights to Honolulu from Atlanta, Cincinnati, Salt Lake City, and Los Angeles. "Direct flights" doesn't necessarily mean "non-stop" flights. A direct flight from Salt Lake City will stop in Los Angeles. A "non-stop" flight from Salt Lake to Honolulu is about a 6 hour flight. Because Delta does not fly to Lihue (LIH) you will need to catch a connecting flight on either Aloha or Hawaiian Airlines from the Inter-island terminal on Honolulu.
  • United Airlines: (800-241-6522) flies to Honolulu from several cities and directly to Lihue (LIH) from both San Francisco and Los Angeles. Flying directly to Kauai (LIH) saves you from having to stop in Honolulu.
  • Hawaiian Airlines: (800-367-5320) Besides being one of the two main inter-island carriers on Hawaii, Hawaiian Airlines also offers non-stop service to Honolulu from several mainland cities including: Seattle, Portland, Sacramento, San Francisco, Los Angeles, San Diego, Las Vegas, and Phoenix.
  • Aloha Airlines: (800) 367-5250) Besides their inter-island shuttle flights, Aloha Airlines offers direct and non-stop flights to Honolulu from: Burbank, Las Vegas, Oakland, Orange County, Phoenix, Reno, Sacramento, and Vancouver.

Saturday, August 21, 2004

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Thursday, August 19, 2004

Visitor arrivals up 7%

2004-08-18 - Pacific Business News:

Visitor arrivals up 7%
Howard Dicus

Hawaii visitor arrivals are 7 percent higher than this time last year, based on state airport arrival counts for seven days through Aug. 15.

Domestic arrivals for that period were up 6 percent and Japanese arrivals up 12 percent.

Since August began, international arrivals have fallen below 5,000 a day only twice, and have topped 6,000 nine times, including Tuesday, when the count was 6,240. Japanese arrivals alone topped 6,000 last Wednesday, Thursday and Friday. Those visitors should mostly still be here, based on the usual average stay of Japanese visitors to the state.

Domestic visitor traffic has topped 20,000 on six days so far this month, most recently on Saturday when 21,166 people flew here from the mainland. Oahu, Maui, the Big Island and Kauai have all been getting a few hundred extra visitors most days, compared to last year.

These are the Monday arrivals from the mainland, with the nearest Monday last year in parenthesis for comparison:

Honolulu: 12,346 (11,671).
Maui: 5,321 (4,798).
Big Island: 1,122 (1,166).
Kauai: 1,194 (971).
While the Big Island was down from last year on Monday, it got hundreds of extra visitors the day before.

Reach Howard Dicus at hdicus@bizjournals.com.

Monday, August 16, 2004

property tax bills have been mailed

Kauai Garden Island News:
The County of Kaua'i Finance Department announces that real property tax bills have been mailed to property owners or their respective servicing agents. The bills reflects the first installment of the taxes due for the 2004-2005 tax year. Payments are due by August 20, 2004. Property owners who pay their real property taxes directly and who have not received their property tax bills should immediately inquire at the Real Property Tax collection office at 4444 Rice Street, Suite 463 Lihue or contact the county at 241-6555. Information can also be obtained at www.Kauaipropertytax.com. Payments can be made by mail, in person, or through a drop box located outside the Kapule Building. Property owners are reminded that failure to pay their taxes by the due date will result in assessment of a 10 percent penalty as well as 12 percent interest per year."

Hawaii home prices finally begin to slip

Hawaii home prices finally begin to slip - 2004-08-16 - Pacific Business News %28Honolulu%29

Hawaii home prices finally begin to slip
Now that the monthly home sales reports are in from all four operating counties, a trend is emerging in the Hawaii residential real estate market -- slippage from record highs.

Median home prices in July fell $1,800 on Oahu, $8,500 on the Big Island and $21,500 on Kauai compared to June. The Maui price was up $51,000 from June but down $53,000 from May.

Median home prices at a glance, based on July sales:

Maui: $567,000. Condos: $281,425.
Oahu: $480,000. Condos: $217,000.
Big Island: $280,000. Condos: $290,750.
Kauai: $506,500. Condos: $373,500.
Some real estate agents privately say that demand is beginning to abate, partly because rising prices have priced some people out of the market, and partly because in some areas all the good homes have been snapped up already.

"We're starting to get more buyer resistance," said Maui Realtor Roy Sakamoto. "I think we'll see that through the rest of the year. That's my hunch."

Honolulu Board of Realtors President Mary Begier said the affordability picture, at least in her area, isn't as bad as it looks, because more than one-third of homes and condos on Oahu are selling for $250,000 and less.

On the Big Island, median home prices remain below $300,000 southeast of Hilo but are hard to find below $400,000 on the Kona side.

Housing inventory is so scarce on Kauai that vacant lots sell in the same range as lots with homes on them. Of 36 vacant lots sold in July, the median price was $587,000, more than last month's median home price.

In some businesses, when prices are high, you make more widgets. But just as it takes a few years for cattle producers to respond to high price by growing more calves, it takes time to build more homes, and the permitting process can further extend the timeline.

Calendar of events

Calendar of events - 2004-08-16 - Pacific Business News Honolulu

Coming Up in Business
Banking
Aug. 19—Tax Foundation of Hawaii annual luncheon. Speaker/topic: Clinton L. Arnoldus, chairman, president and CEO of Central Pacific Bank; “Looking Ahead to 2005: Banking and Business in Hawaii.” The Royal Hawaiian. 11:30 a.m. no-host cocktails; noon lunch and program. $50 per person. For reservations, call 536-4587. Information Technology
Aug. 18—Association of Information Technology Professionals monthly seminar. Speaker-topic: Matthew J. Darnell, co-founder, president and CEO of Servpac; “Voice over IP and IP Centrex.” Ala Moana Hotel. 11:30 a.m.-1 p.m. $20 members and students; $25 nonmembers (includes lunch). For reservations, call 591-3550 or e-mail miles.tsuruoka@verizon.com.
Aug. 19-20—Hawaii Small Business Information Technology two-day forum. The forum will provide information and advice on the federal/local contracting environment, discuss the current programs and initiatives of large I.T. government contractors and federal agencies and explore how the procurement environment in Hawaii can be made conducive to local company participation and development. Keynote speaker: U.S. Sen. Daniel K. Inouye, D-Hawaii. Lunch speaker: U.S. Rep. Neil Abercrombie, D-Hawaii (both on Aug. 19). Ala Moana Hotel. Day one: 8:15 a.m.-7 p.m.; Day two: 8:50 a.m.-2 p.m. $45 per person advanced registration/payment; $90 per person on-site registration if available. Fee includes lunch and program materials. To register, call 595-2752, e-mail register@hsbithui.com or visit hsbithui.com. Management
Aug. 17—Institute of Management Accountants, Hawaii Chapter, monthly technical meeting. Speaker/topic: Nada Mangialetti, “Assertion Training for Wolves & Sheep.” Pacific Guardian Center, Conference Room. Noon-1 p.m. $6 per person (lunch available for purchase). To register, call 392-9467. Marketing
Aug. 17, 24 and 31—Kauai Chamber of Commerce three-part marketing series. Presenter: Debra Jason, a Realtor associate with Vision Properties Inc. and owner of The Write Direction, both based on Kauai. Part I: How to write dynamic, results-oriented marketing materials. Part II: Maximizing the power of the World Wide Web. Part III: Guidelines for using e-mail marketing successfully. Aloha Beach Resort Kauai. 8:30 a.m. registration for each session; 9-11 a.m. seminar. $99 members ($35 per session); $105 nonmembers ($40 per session). Fee includes continental breakfast. Call (808) 245-7363.
Aug. 18—Public Relations Society of America, Hawaii Chapter, monthly luncheon program. Speaker/topic: Kitty Lagareta, chairwoman and CEO of Communications Pacific Inc.; “A look back … A look to the future — How the PR profession is changing.” Sheraton Waikiki Hotel, Koko Crater Room. 11:30 a.m. registration; noon lunch and program. $25 members; $35 nonmembers; $20 PRSSA students. For more information, call 956-4303. To RSVP, e-mail prsa@hawaii.rr.com by noon Aug. 13. Taxation
Aug. 17—State Department of Taxation summer workshop in Lihue, Kauai. The workshop will review 2004 state tax legislation, examine changes coming in October that will affect business taxpayers and include special presentations by the Internal Revenue Service. Workshops also will be offered next month in Honolulu, on the Big Island in Hilo and Kailua-Kona and on Maui in Kahului. Radisson Kauai Beach Resort, Orchid Hibiscus Room. 8:30 a.m.-12:30 p.m. $65 per person (includes continental breakfast, workshop materials and a CD of the Hawaii tax laws and administrative rules). For more information, call (808) 587-1786 or e-mail Tax.Training.Outreach@hawaii.gov.

Wednesday, August 11, 2004

Say aloha to tastebud paradise

The Daily News Online

Say aloha to tastebud paradise
By Cathy Zimmerman
Aug 11, 2004 - 07:49:12 am PDT

To celebrate the way food brings different cultures to the same table, there's no better cuisine than Hawaii's.

Food links Hawaiians together, said Chris Whiteside of Longview, an active member of the local Hawaiian community.

"The food has an 'international' flavor, which includes Japanese, Chinese, Filipino and other ethnic influences," Whiteside said this week.

She and others who relish Hawaiian fusion have put together a savory menu of dishes from the islands for the eighth annual International Dinner on Saturday.

Participants will enjoy Kahlua Chicken, Pineapple Glazed Sweet Potatoes, Sticky Rice and Macaroni Salad, said Kina Quartly, who came up with recipes for the event.

Quartly, a 44-year-old administrative supervisor at Solvay, grew up in Longview and has Hawaiian ancestry. She learned about cooking at local luaus, she said.

"The kahlua pig is probably my favorite," Quartly said.

Why does everyone rhapsodize over this pork?

"It's not just the way it tastes," she said, "but how it's prepared."

After the whole pig is placed underground in a pit, "we sit around the imu, talking story with family and friends," Quartly said.

"It's such a nice presentation when they take it out of the pit. Then you get your hands in it, because you shred the meat. Everything from getting it ready, how it looks and smells, eating it with family, sitting around until the wee hours of the morning ... "

Kahlua pig is just one element of a tradition that draws culinary riches from the sea, tropical fruit trees, and cultures from all over Asia.

Accordingly, rice (make that "sticky" rice) is the staple of every meal, said Whiteside, 53, who works at St. Rose School.

"Hawaiians eat a lot of fish, cooked or raw (poke), as well as pork and chicken," she said. "But always, ALWAYS eaten with white steamed rice. There is a rice cooker in nearly every home in Hawaii, and they eat this sticky rice for breakfast, lunch and dinner."

Another Hawaiian staple is --- get ready --- Spam.

Whiteside said the canned meat "is offered at many local fast food places and a variety of restaurants."

"I do Spam Musubi," said Darren Espejo of Kelso, who sandwiches fried Spam between sticky rice and wraps it in seaweed.

"Spam was very popular in Hawaii," said Espejo, who was born and raised there. "During World War II, they couldn't get boats to ship stuff in, and Spam was one of the main things there."

Espejo, a 39-year-old diesel mechanic who moved to the mainland 12 years ago, learned to cook as a boy. "I was the 13th child," he said. "I had to fend for myself."

His family used to host from 800 to 1,500 people at luaus. "I tried just about everything with my different friends, not only Hawaiian, but Japanese, Filipino, Korean, Portuguese," said Espejo, who is of Spanish and Filipino descent.

"When Hawaiians get together, food is always involved," said Whiteside. "It can be just pu pu's (appetizers) or a luau (big feast).

Hawaiians call a large celebration a ho'olaulea, she said. A smaller, more intimate gathering called ohana means "family night."

Cheryl Kaehu of Longview is an excellent cook who hosts many ohana nights, Whiteside said. Kaehu "learned to cook from her mom growing up in Waimanalo, Oahu." Some of Kaehu's favorites are lau lau (pork wrapped in spinach), lomi salmon and curry or tripe stew.

Most mainland Americans are familiar with the luau, an outdoor feast centering on a pig roasted in the ground. Whiteside said the Panis family of Longview has "been hosting luaus for family and friends locally for the past 25 years."

As a young girl growing up on the island of Kauai, she remembers her grandfather cooking a delicious stew with sweet potatoes and coconut.

"He took his big cane knife and cracked the coconut open and grated it, squeezing the milk out of it," she said. "No one else learned how to cook it. When he died, it was lost forever. ...

"Now we take steps to assure that family recipes are passed on. The younger girls are learning how to cook Pork Pimiento and Chicken Long Rice, sweet delights such as bico, a Filipino sweet rice, and malasadas, a Portuguese doughnut rolled in sugar."

The Panis patriarch, 80-year-old Modesto Panis, is teaching his granddaughters how to cook family favorites such as bok choy soup, corn beef and cabbage, and pork adobo, Whiteside said.

Big Island median home price $280,000

Big Island median home price $280,000 - 2004-08-10 - Pacific Business News (Honolulu)

Big Island median home price $280,000
The median price of a home on the Big Island fell from $288,500 in June to $280,000 in July, the Hawaii Information Service reported Monday. For condos, however, the median price rose from $275,000 to $290,750.

On the Hilo side of the island, only one home sold in Hamakua district and four in North Hilo, mainly in the low $300,000 range. South Hilo saw 32 sales for a median price of just $215,000, even lower than the previous month's $230,000. Puna saw 76 sales for a median price of $161,000, only $1,500 higher than the month before. Strictly in terms of price, these appear to be the last home bargains in the state. The trend extends to Kau district, on the southeast corner of the island, where 25 home sales set a median price of only $150,000.

On the Kona side it is a completely different story. Prices are far higher, even after slippage in some areas. Only one home sold in North Kohala, for $1.7 million, but 36 homes sold in South Kohala for a median price of $395,000, down from $428,000 the month before. North Kona saw 58 sales for a median price of $489,500, up from $442,500 a month before, while South Kona saw 10 sales for a median price of $397,000, well down from $550,000 a month before.

While 243 homes sold countywide in July, only 76 condos sold, and 62 of them were in North and South Kona, for median prices of $284,000 (North) and $359,000 (South).

Unlike Kauai, where vacant lots have been selling for as much as houses, 517 Big Island vacant lots sold last month for a median price of only $20,000.

The median is the level at which half of all items are more and half less. A median price is less skewed by a few really expensive or really cheap sales than an average would be.

Kauai median home price $506,500

Kauai median home price $506,500 - 2004-08-10 - Pacific Business News (Honolulu)

Kauai median home price $506,500
The median price of a single family home on Kauai, which was $528,000 in June, slipped back to $506,500 in July, the Hawaii Information Service reported Monday. The median price of a condo slipped from $420,000 to $373,500.

Only 64 home sales were made in July, down from 71 in June, while 44 condos sold, down from 53 in June.

Housing inventory is so scarce on Kauai that vacant lots sell in the same range as lots with homes on them. Of 36 vacant lots sold in July, the median price was $587,000, more than last month's median home price. The median was driven up by the Hanalei district, where 17 tracts of vacant land sold for a median price of $900,000.

Kauai real estate is measured in five districts. Below are the number of homes and condos sold in July and what the median price was, by district:

Waimea: 4 homes, $312,500; 0 condos.
Koloa: 9 homes, $695,000; 16 condos, $414,500.
Lihue: 10 homes, $406,000; 12 condos, $229,500.
Kawaihau: 23 homes, $435,000; 8 condos, $381,000.
Hanalei: 18 homes, $846,500; 8 condos, $450,500.

Monday, August 09, 2004

New management for Kauai Village in Kapaa

New management for Kauai Village in Kapaa - 2004-08-09 - Pacific Business News (Honolulu)

New management for Kauai Village in Kapaa
CB Richard Ellis Hawaii Inc. has been named managing and leasing agent of Kauai Village. The property was recently acquired by a subsidiary of Passco Real Estate Enterprise Inc.

"Our company has been looking for a real estate investment opportunity in Hawaii," says William Passo, principal shareholder. "Kauai Village is a mature retail center that presented an opportunity to be repositioned and modernized, but keeping the elements of Hawaii's unique real estate market."

Built in 1990, Kauai Village is in Kapaa fronting Kuhio Highway. The eight-acre complex has a diverse tenant-mix that includes boutiques, gift shops, art galleries, and local restaurants, anchored by a Longs Drugs and a Safeway. It has an open-air courtyard with a waterfall and landscaped ponds and streams with bridges and walkways as well as a three-story clock tower and two whale murals painted by Wyland, one of the center's tenants.

CBRE has hired Judy Gray as general manager. Andrew Starn, who will handle the leasing, already does the same for Haleiwa Shopping Center, Kailua Market Place, Wahiawa Shopping Center, Wahiawa Town Center, Waimanalo Town Center and Koko Marina Shopping Center.

Friday, August 06, 2004

A&B to Acquire High-Rise Condominium Site in Honolulu

A&B to Acquire High-Rise Condominium Site in Honolulu

A&B to Acquire High-Rise Condominium Site in Honolulu

Business Editors

HONOLULU--(BUSINESS WIRE)--Aug. 4, 2004--Alexander & Baldwin, Inc. (Nasdaq:ALEX) announced today that it has entered into a definitive agreement to purchase a 2.7-acre vacant parcel two blocks from downtown Honolulu, planned for development as a high-rise condominium project. The property comprises an entire block, and is located at the corner of South Street and Queen Street in the Kakaako District, Honolulu's emerging urban core. Closing is scheduled for late August; the purchase price was not disclosed.
"We are extremely pleased to have secured this property and the opportunity to develop another quality condominium project in Honolulu," said A&B President and CEO Allen Doane. "The property is in a great location, within walking distance of downtown and in close proximity to numerous business and government offices, retail and entertainment centers and dining establishments. The Kakaako District is truly emerging as a new urban village, and the vision of it being a place for people to 'live, work and play' is fast becoming a reality. We are excited to be participating in the development of Kakaako and, similar to our involvement in two other high-rise condominium projects -- Lanikea and Hokua -- we expect to build a quality highrise that will be well received in the marketplace."
The property is fully zoned for residential condominium use and ready for development, with all necessary infrastructure in place. It is owned by Kakaako M-P Development, which in the early 1990's planned to develop a high-rise project on the property. In preparation for development, Kakaako M-P performed extensive pile driving and environmental remediation at the site. Kakaako M-P subsequently elected not to proceed with the project, and the property has since been used as a parking lot.
"This project would be A&B's third high-rise condominium in Honolulu in the last couple years," noted Stanley Kuriyama, chief executive officer of A&B Properties, Inc., A&B's real estate subsidiary. "Our Lanikea project in Waikiki, which consists of 100 units, is currently under construction, and is completely sold out. The Hokua condominium project, being developed in a joint venture with the MacNaughton and Kobayashi Groups and also located in the Kakaako District, is under construction as well, and 240 of the project's 247 units have been sold under binding contracts.
"We believe this site represents another great location for people who want to live in town," continued Kuriyama. "Downtown Honolulu is just two blocks away, and the Ala Moana Shopping Center, Victoria Ward centers, Restaurant Row complex, the new University of Hawaii medical school, Ala Moana Beach Park and numerous other recreational amenities are all located within a mile of the property. In addition, the project will have excellent ocean views and good access from adjoining streets."
Further planning and design will need to be completed to determine the number of units to be built and unit sizes, but it is anticipated the project will contain over 300 units, with most of the units being two-bedroom, two-bath units, with two parking stalls. After completing preliminary design and securing required government approvals, A&B expects to begin pre-selling units early next year, with start of construction targeted for late 2005. Sales prices have not yet been determined, but are expected to range generally between $450,000 and $650,000.
A&B's landholdings include a total of over 90,000 acres in Hawaii, making it the state's fourth largest private landowner, and an income property portfolio comprising over 5 million square feet of leasable space in Mainland and Hawaii office, industrial and retail properties. Besides focusing on the development and management of these core real estate holdings, in recent years A&B has embarked on a strategy of expanding beyond its historical landholdings in Hawaii. This Kakaako acquisition would be A&B's 21st Hawaii real estate investment outside of its core landholdings over the last five years. A&B development projects are ongoing in various locations on Oahu, Maui and Kauai, and the company recently announced its first large project on the Big Island at the Mauna Lani Resort.

Alexander & Baldwin, Inc. (A&B), headquartered in Honolulu, is engaged in real property development and management through its subsidiary A&B Properties, Inc.; in transportation through its subsidiaries Matson Navigation Company, Inc. and Matson Integrated Logistics, Inc.; and in food products through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com

Statements in this press release that are not historical facts are "forward-looking" statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Factors that could cause actual results to differ materially from those contemplated in the statements include, without limitation, failure to satisfy the closing conditions set forth in the definitive agreement and other risks associated generally with acquisitions.

Cabana dining is launched at the Kauai Marriott

Cabana dining is launched at the Kauai Marriott - 2004-08-05 - Pacific Business News (Honolulu):

The Kauai Marriott Resort and Beach Club has introduced private dining. The Lihue resort has begun to offer intimate seaside cabana and private gazebo dinners.

Locations and ambience vary, because the gazebo overlooks Kalapaki Bay and what the hotel claims is the largest swimming pool in the state, while the cabanas are at seaside, the latter not unlike what has long been offered at the Kahala Mandarin on Oahu. In both cabana and gazebo settings, however, the experience features fresh flower lei, private butler for the evening, four-course meal by Executive Chef Guy Higa, table for two with lace overlays and candles, and champagne flowing all night long.
'This is one of the many ways couples can celebrate in the company of each other over a fabulous meal in one of the most romantic settings in the world,' said General Manager Simon Jongert. "

Wednesday, August 04, 2004

Hawaii governor says cigarette campaign ruins island image

San Mateo Daily Journal

AP

Hawaii governor says cigarette campaign ruins island image

HONOLULU — Hawaii Gov. Linda Lingle asked tobacco giant R.J. Reynolds on Tuesday to halt its “Kauai Kolada” cigarette marketing campaign, saying it sullies Hawaii’s reputation as a “place of purity, health and healing.”

In a letter, Lingle asked Andrew J. Schindler, president and chief executive officer of R.J. Reynolds Tobacco Holdings Inc. to immediately stop the ad campaign for the blend of Camel cigarettes, which uses the Kauai name and a hula girl to promote a new pineapple and coconut flavored cigarette

“The Aloha State has a well-deserved reputation as a place of purity, health and healing,” the letter states. “To associate Hawaii with a product long known for causing death and disease, therefore, is highly offensive to our residents and visitors.”

Tuesday, August 03, 2004

Weekend arrivals: 55,455

Weekend arrivals: 55,455 - 2004-08-03 - Pacific Business News (Honolulu)

Weekend arrivals: 55,455
Howard Dicus

The state visitor arrival counting mechanism finds Hawaii welcomed more than 42,000 domestic visitors on Saturday and Sunday and more than 13,000 international visitors.

That was nearly 4,000 more visitors than the commensurate weekend last year, according to daily figures posted by the state Department of Business, Economic Development & Tourism through Monday night.

All the metrics in all the operating counties showed year-to-year improvement. Each major island got hundreds more visitors than last year. In percentage terms the increases are especially large on Kauai and the Big Island.

In the following breakdowns, the numbers reflect total arrivals, irrespective of whether those counted are vacationers, business visitors or returning local residents. Arrivals are from Japan are simply arrivals on flights from Japan, and include some local residents returning from visits to Japan rather than visiting Japanese tourists. Most, however, are visitors in the usual sense. The numbers in parenthesis add up arrivals for Aug. 1 and 2 of last year, which were also a Saturday and Sunday.

Domestic:

To Oahu: 26,155 (25,826).
To Maui: 10,216 (9,923).
To Big Island: 3,051 (2,596).
To Kauai: 2,682 (2,241).
Total: 42,104 (40,586).
International:

From Japan: 11,514 (9,518).
From elsewhere: 1,837 (1,648).
Total: 13,351 (11,166).
Grand total: 55,455 (51,752).

The Hawaii Visitors & Convention Center, using a separate calculation that measures arrivals the seven days through July 29, reported Monday that domestic arrivals were up 7 percent, Japanese arrivals were up 30 percent, and overall arrivals were up 11 percent, compared to the commensurate period last year.

Reach Howard Dicus at hdicus@bizjournals.com.