Posted on: Tuesday, April 19, 2005
BUSINESS BRIEFS
'Ewa by Gentry' lottery planned
Advertiser Staff
Gentry Homes Ltd. plans to begin selling the first of 240 homes at its two newest neighborhoods within the master-planned Ewa by Gentry community at a May 7 lottery.
About 20 fee-simple, single-family homes on condominium-style lots will be the first phase of Gentry's newest Montecito and Tuscany models with three to five bedrooms. Prices range from the low $300,000s to the low $400,000s. Lottery packages will be available starting on Saturday. Homes in the initial phase are expected to be ready in June.
David Arakawa, who served as corporation counsel for the City and County of Honolulu for the past eight years, has been named senior vice president-general counsel and corporate secretary for Hawaiian Airlines, overseeing legal issues for Hawai'i's largest airline.
Arakawa worked as a deputy prosecutor before spending 13 years in private practice. He has been involved with several civic and community groups and is vice president of the Hawaii United Okinawan Association, a board member of both the 'Aiea Neighborhood Board and 'Aiea Community Association and a member of the Waipahu and Pearl City community associations.
State regulators have fined Michael K. Riley and his wife, Tammy L. Riley, $25,000 and ordered them to stop selling securities in Hawai'i.
Doing business as Parallel Alliance, the couple mailed 300 solicitation letters to Hawai'i and Montana residents, according to the Hawai'i Securities Commissioner Corinna Wong.
Recipients were asked to invest $55 a month over five years; the money would be used to buy businesses. Investors were promised profits from the businesses after 10 years. The Rileys and their company are not registered nor authorized to offer, sell or solicit such securities in Hawai'i, Wong said.
The Hawaii Women's Coalition and the American Association of University Women will hold a rally at 10 a.m. today at the statue of Queen Lili'uokalani to mark Equal Pay Day 2005.
Women, on average, continue to earn less than men, making just 76 cents for every dollar a man earns, the event's organizers say. The April 19 date for the event was chosen because that's how long it takes for a woman to catch up with a man's earnings from the start of the year.—Advertiser staff
Arakawa joins Hawaiian Air
Couple fined for selling securities
Equal Pay Day rally planned
