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Business

Developer backs out of Big Isle’s Kamakana Villages

An Ohio company that won a state award to develop a $734 million Hawaii island affordable-housing project has pulled out of the deal, leaving the mostly unbuilt community’s future in limbo after more than $20 million invested by the state. Read More

Developer proposes senior rentals


Updated on  August 20, 2017 at 7:55 am
The developer of the latest Ala Moana-Kapiolani area high-rise in need of permits from the Honolulu City Council will bring along a unique feature — its own senior affordable rental building. Read More

Kahala Hotel pledges not to act on beach plan without consensus


Updated on  August 20, 2017 at 6:00 pm
The Kahala Hotel & Resort, which last week withdrew a controversial request to use the public shoreline fronting the hotel for commercial enterprises, has now said it will not resubmit the request unless all stakeholders agree. Read More

Matson shares plunge to 4-year low

The expectation of new competition for Matson Inc. in the islands drove down the stock price of Hawaii’s dominant ocean cargo transportation company by nearly a quarter of its value to a four-year low on Friday. Read More

Homebuyers fair offers expert help


Updated on  August 18, 2017 at 9:53 pm
The fifth annual Hawaii Homebuyers Fair is set for today with top industry professionals on hand to answer questions and offer advice regarding the tight residential real estate market. Read More

Hawaii’s jobless rate third lowest in U.S.


Updated on  August 19, 2017 at 12:09 am
Hawaii still has the third-lowest unemployment rate in the country. Read More

Hawaii Arts Alliance’s longtime CEO retires


Updated on  August 17, 2017 at 10:27 pm
The longtime leader of the statewide arts organization Hawaii Arts Alliance has retired and passed the reins of the nonprofit to a University of Hawaii graduate and former education specialist from the National Endowment for the Arts. Read More
 

First Hawaiian Bank has headquarters that floats


Updated on  August 18, 2017 at 5:11 pm
I was reading former First Hawaiian Bank CEO Walter Dods’ 2015 book recently. “Yes! A Memoir of Modern Hawaii” has fascinating insights into his career. Read More

July unemployment rate dips slightly


Updated on  August 17, 2017 at 10:22 pm
Hawaii employers added 2,400 jobs in July, and the state’s unemployment rate improved to 2.7 percent — this despite a recent forecast from the state that the economy will grow at a slower pace than previously projected for the rest of the year and through 2020. Read More
 

30-year mortgage rate dips to 3.89%


Updated on  August 17, 2017 at 11:11 pm
Mortgage buyer Freddie Mac said Thursday the rate on ­30-year, fixed-rate mortgages slipped to 3.89 percent from 3.90 percent last week. Read More

Collectors spent $327M on vintage cars at weekend auctions

Across six companies, preliminary numbers show sales totaling $327 million at Pebble Beach over the weekend, down 3 percent from last year but 12 percent better than predicted at the beginning of the week. Read More

J&J loses $417M verdict in California talc trial

Johnson & Johnson was ordered by a Los Angeles jury to pay $417 million to a 62-year-old woman who blamed her ovarian cancer on the company’s talc, in the first California trial over the product. Read More

HCDA considers Kakaako affordable-housing rule changes


Updated on  August 16, 2017 at 9:13 pm
A state board overseeing development in Kakaako is one step closer to overhauling its affordable-housing production requirements after a hearing Wednesday. Read More

Hawaiian Airlines upgrades Sapporo flight


Updated on  August 16, 2017 at 10:50 pm
Hawaiian Airlines said Wednesday it is upgrading its Honolulu-Sapporo service to Airbus A330-200 aircraft that will feature lie-flat seating and premium economy seating beginning in February. Read More

Luxury flights to eclipse available for $10k per seat


Updated on  August 18, 2017 at 10:04 pm
For the well-heeled looking for a last-minute plan to see next week’s solar eclipse, a U.S. private-jet operator is offering an option for $10,000 a seat. Read More

Former Uber CEO lashes out at VC firm suing company

Former Uber CEO Travis Kalanick is skewering a lawsuit filed by a former ally, describing it as a malicious attempt to sever his remaining ties to the widely used ride-hailing service thathe co-founded. Read More

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