BUSINESS BRIEFS
Uno will lead Realtors' board

Advertiser Staff and News Services

The Honolulu Board of Realtors appointed Curtis K. Uno president and CEO of the 3,600-member organization.

Uno was most recently the chief staff executive for the Building Industry Association of Hawai'i. Prior to that he was vice president and general counsel of Persis Corp., the former owner of The Honolulu Advertiser. Uno has also served as executive director of the State of Hawai'i Organization of Police Officers.

Uno replaces Peter Freeman, who left on July 8.

Aloha Tower mall seeks loan

The owner of Aloha Tower Marketplace has resumed efforts to borrow $700,000 to cover projected operating losses over a six-month period through April.

Bankruptcy judge Robert Faris yesterday approved an application for a partnership headed by Central Investment Holding Co. to make the loan.

Terms have yet to be finalized, and marketplace owners could still finance projected shortfalls themselves instead of borrowing from Central Investment.

Apollo Real Estate Fund II, which owns 80 percent of the marketplace mortgage, earlier had refused to continue covering losses, which have totaled about $1.8 million this year through October, but since has reconsidered.

The marketplace has been in bankruptcy since January, primarily because of a rent dispute with the state.