BUSINESS BRIEFS
677 Ala Moana reported sold
Advertiser Staff
The former Gold Bond office building in Kaka'ako has been sold to a partnership headed by San Francisco-based real-estate investment and development firm Ellis Partners LLC.
The purchase was completed Monday for an undisclosed amount. The seller was Connecticut General Life Insurance Co., which bought the leasehold building on Kamehameha Schools land in 1996 for $42.2 million.
The office complex, a long-time home of a gift redemption center operated by the Gold Bond Stamp Co., is now known as 677 Ala Moana.
Y. Hata & Co. wins contract
Honolulu's Y. Hata & Co. Ltd. yesterday received a $13.6 million one-year contract for full-line food distribution for the Army, Navy, Air Force, Marine Corps, and Coast Guard. The contract was awarded by the Defense Supply Center Philadelphia.
Y. Hata & Co., a grocery supplier to hotels, schools and other non-retail outlets, has an existing contract for such services that expires June 19.
ML&P names acting CFO
Maui Land & Pineapple Co. said yesterday that Fred Rickert, who joined the company in April, has been appointed acting chief financial officer effective July 1.
Rickert was formerly the CFO for the Port of California, a municipal corporation.
Bank aids family with new home
American Savings Bank has helped the Lindsey family of Waimanalo break ground on a new home with a $20,000 financial contribution and volunteer labor from bank executives and employees.
The home is the 47th built on O'ahu under a program run by the Honolulu Habitat for Humanity.
Aloha raising shipping charges
Aloha Airlines will increase shipping charges for several categories of goods beginning July 1.
Interisland minimum shipping charges and "next flight" small package rates will go up by $2. Pet priority minimum shipment charges will increase to $40 per kennel. Dangerous-goods handling fees will rise to $45 for domestic shipments and $75 for international shipments. In addition, the special commodity rate for human remains will go up by 5%.
The increases are necessary because of rising costs, primarily jet fuel, Aloha said.
