Posted on: Friday, April 9, 2004

BUSINESS BRIEFS
Watumull buys West Maui site

Advertiser Staff and News Services

Watumull Properties Corp. bought the West Maui Center in Lahaina from Hawaii Omori Corp. for $1.7 million. CB Richard Ellis Hawaii, Inc. represented Hawaii Omori and said yesterday the property was the last of the firm's $100 million Hawai'i portfolio.

Masao Omori, a Tokyo businessman, established Hawaii Omori in 1973. Since Omori's death a few years ago, Hawaii Omori decided to sell its investments.

Airline reports ticketing scam

Hawaiian Airlines said it has notified Honolulu Police about a scam in which a man promises five roundtrip tickets to the Mainland for $250 each, collects the money up front but delivers only one valid ticket.

Hawaiian's customer advocate line is 838-3500.

Agency warns of ordering fraud

The Better Business Bureau of Hawaii warned yesterday of a scam aimed at businesses in which large orders are placed by unknown customers, often using a hearing impaired TTY (Text Telephone Yoke) service and stolen credit card numbers.

For more information, call the Better Business Bureau at 536-6956 or toll-free (877) 222-6551.

Triage wonders about shares

Triage Capital Management LP, which owns 5.68 percent of bankrupt Hawaiian Airlines parent company, said it is concerned that its interests in the bankruptcy case are not being protected.

Triage said, in a filing with the Securities and Exchange Commission yesterday, it is examining options to maximize the value of the company's shares.