Lanihau Center in Kona sold Advertiser Staff and News Services
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HILO, Hawai'i — The 88,000-square-foot Lanihau Center shopping area in Kailua, Kona, has been sold to A&B Properties, the real-estate subsidiary of Alexander & Baldwin Inc. The sale price was not disclosed.
The sale includes 9.4 acres owned by Lanihau Partners as well as leasehold interest in 19 acres of adjoining property zoned for commercial development. The seller is Lanihau Center Venture, a joint venture composed of Lanihau Partners LP, which is owned by the James M. and L. Radcliffe Greenwell families, and GRM Hawaii Inc., a partnership of local businessmen Donald Graham, Sanford Murata and Philip Russell.
MACARONI GRILL LOOKING TO HIRE
Romano's Macaroni Grill, a Mainland restaurant chain known for its Italian cuisine and strolling opera singers, will be interviewing job candidates for its first Hawai'i location, at Ala Moana Center.
The restaurant is hiring for a range of positions, including hosts, servers, cooks, dishwashers, bartenders and singers. Apply in person between 10 a.m. and 4 p.m. daily from Sept. 26 through Oct. 7 at 1585 Kapiolani Blvd., Suite 1400. The restaurant is scheduled to open in November.
Darren Yasui, a Honolulu native, was named general manager, said Randy Schoch, whose Desert Island Restaurants is the local franchisee.
ABC CORP. FINED $8,800 BY EPA
The Environmental Protection Agency said it recently fined ABC Corp. of Waipahu $8,800 for violations of federal pesticide regulations.
The EPA cited ABC Corp. for selling and distributing two unregistered pesticides — Aqua-Staph and Staph-Guard, which were labeled as fabric softeners, but made pesticidal claims.
TYCO'S EX-CEO SENT TO PRISON
With its tales of a $6,000 gold-threaded shower curtain and a $2 million birthday party, a case that epitomized corporate greed came to a close as former Tyco International Ltd. CEO L. Dennis Kozlowski was sentenced to up to 25 years in prison for looting the company of hundreds of millions of dollars.
Kozlowski, 58, was led out of the courtroom in handcuffs as his wife sobbed. He will be eligible for parole after about eight years at a New York state prison. Tyco's former finance chief, Mark Swartz, 44, received the same sentence.
State Supreme Court Justice Michael Obus ordered the two to pay a total of $134 million in restitution to Tyco, and also fined Kozlowski $70 million and Swartz $35 million.
