BUSINESS BRIEFS
Airlines cut Hawai'i fares

Advertiser Staff and News Services

Delta Air Lines yesterday announced discounted "Aloha Hawaii" fares for travel by Dec. 15 that were immediately matched by Hawai'i's two largest airlines.

The discounted fares include $407 round-trip tickets from Honolulu to San Francisco or Honolulu to Los Angeles. A round-trip Los Angeles-Maui flight costs $427; Honolulu to Seattle runs $398. Tickets must be purchased by Oct. 29.

"Aloha is matching the sale fares through all of our routes between the Mainland and Honolulu and Maui," said Stu Glauberman, Aloha Airlines spokesman.

Hawaiian Airlines had offered similar fares effective Nov. 27, spokesman Keoni Wagner said. Starting Monday, Wagner said, "We will be bringing those fares forward to remain competitive."

Real estate firm picks executive

Retired AT&T Hawai'i vice president and local business leader Kenneth Sandefur has been named an executive of commercial real estate firm, CB Richard Ellis.

As new vice president of Client Advisory Service for CBRE, Sandefur will oversee several portfolios, manage clients/real estate transactions and handle consulting and brokerage business.

He was executive director of Hale Nohona, the plan to convert the 600-room Ohana Waikiki Hobron Hotel into a fee-simple condominium.

A&B adds Colo. shopping center

Alexander & Baldwin Inc. has added to its Mainland real estate holdings, acquiring a shopping center in Broomfield, Colo., for about $11 million.

Honolulu-based A&B used tax-deferred proceeds from the sale of other properties earlier this year to buy the new 95,250-square-foot Safeway-anchored center, which is 85 percent leased.

Bank One unit head resigns

The head of the mutual fund unit at Bank One Corp. has resigned as part of several management changes made following allegations that the company allowed improper trading of its funds.

Bank One's chairman and CEO announced the actions in a note yesterday on an internal company Web site.