BUSINESS BRIEFS
Harbor Court Bistro to open Aug. 4
Advertiser Staff and News Services
A third operator is moving into the large restaurant space at the Harbor Court residential and office high-rise downtown.
Elizabeth Hata Watanabe, owner of The O Lounge nightclub on Kapi'olani Boulevard, plans to open Harbor Court Bistro, featuring "eclectic international" cuisine, on Aug. 4.
The restaurant, with about 270 seats, will occupy the roughly 13,000-square-foot location at Queen and Bethel streets.
Palomino Euro Bistro had a 10-year run in the space from 1997 to 2007, and was followed by the short-lived casual French bistro Cassis Restaurant and Wine Bar, which chef George Mavrothalassitis operated for 10 months before closing it in February.
Harbor Court Bistro will be open Monday to Thursday from 11 a.m. to 9:30 p.m., Friday from 11 a.m. to 2 a.m., and Saturday from 4 p.m. to 2 a.m.
Dinner entree prices range from $17 to $33. The kitchen will be led by chef Alexio Thomas Corleon, who was educated in France and has worked at Hawai'i restaurants, including Haleiwa Joe's Seafood Restaurant in Kane'ohe, Kapono's at Aloha Tower Marketplace and Jackie's Kitchen at Ala Moana Center.
FREE AD CAMPAIGN FOR NONPROFIT
Local advertising firm Ad 2 Honolulu is accepting applications from nonprofit organizations that are seeking a free public awareness campaign this year.
The selected organization will receive a yearlong campaign that includes marketing, public relations and advertising on television, on radio and in print. The value of the campaign is estimated at $1 million.
Contact Tai Leong at tail@lca-anthology.com for an application, or visit www.Ad2Honolulu.org. The deadline is Aug. 15.
FUND RAISES STAKE IN JAPANESE TRUST
Prospect Asset Management Inc., a Hawai'i Kai-based investment fund run by Curtis Freeze, has raised its stake in Japanese property trust FC Residential Investment Co., according to a filing with Japan's Ministry of Finance.
Prospect increased its holding to 47.62 percent from 46.59 percent as of July 14, the filing said.
ISLAND INSURANCE MAKES TOP 50 LIST
Island Insurance Co. Ltd. has been recognized as a Top 50 property and casualty insurance company by the Ward Group, a consulting firm that analyzes the financial performance of more than 3,000 U.S. property and casualty insurance firms.
Island Insurance said it is the first such Hawai'i-based company to receive the honor. The company is the state's largest locally owned and managed property and casualty insurance carrier.
FEWER HAWAI'I EGGS, MORE BEEF
Hawai'i egg and pork production were down in May, but beef production was up, according to a monthly livestock report from the National Agricultural Statistics Service.
Local farms produced 6.1 million eggs in May, down 12 percent from the same month a year earlier. There was a 4 percent decline in the number of chickens laying eggs and a 3 percent decline in the rate of egg laying by the poultry.
Commercial pork production dropped 6 percent in May, to 277,000 pounds. The number of hogs slaughtered was down 11 percent, but the average weight per animal was up 3 percent.
Cattle farmers increased beef production in May by 5 percent to 612,000 pounds. The number of cattle slaughtered was unchanged from May 2007, but the average weight per animal was up 1 percent.
