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The Honolulu Advertiser

Posted on: Friday, April 29, 2005

BUSINESS BRIEFS
Gasoline prices reach new highs

Advertiser Staff

Gasoline prices around the state have hit new highs, according to today's AAA Daily Fuel Gauge Report.

The average price for regular gasoline in Honolulu rose to a record $2.444 a gallon. In Wailuku, Maui, regular gas was $2.789 a gallon and in Hilo on the Big Island, it was $2.629 a gallon — both record highs.

The statewide average was $2.528 a gallon, which was below a record $2.540 set a week ago.



More Foodlands plan to recycle

Foodland Super Markets yesterday said two additional O'ahu stores and two on Maui soon will give store credit for recycled beverage containers.

The chain announced earlier this month that locations on Beretania Street, in 'Ewa Beach and La'ie would begin accepting redeemable containers starting next week. Now the Sack N Save Stadium and Kane'ohe Foodland have been added to the list. Recycling at those locations occurs on alternating days, and details will be available at the stores.

On Maui, Foodland Pukalani will begin accepting containers on May 18, followed by Foodland Kihei the next day.



Pasquale elected to A&B's board

Shareholders of Alexander & Baldwin yesterday elected Douglas Pasquale to the company's board of directors.

Pasquale, 50, is president and chief executive of Nationwide Health Properties Inc., a publicly traded real estate investment trust headquartered in Newport Beach, Calif. Nationwide owns more than 400 residential care facilities for the elderly.



CDS reports a $12 million deal

Honolulu-based Commercial Data Systems announced it received a three-year, $12 million contract to provide enterprise services and solutions to Sandia National Laboratories.

CDS, along with Foundry Networks, will provide design, engineering and hardware along with ongoing maintenance services. CDS, a computer consultant and systems integrator, employs about 60 people in Honolulu, and elsewhere.



Office vacancies decline to 10.1%

Businesses leased an extra 32,000 square feet of O'ahu office space during the first three months of the year, a survey by Colliers Monroe Friedlander reports.

The Honolulu-based real estate firm said O'ahu's office vacancy rate at the end of March was 10.1 percent and on pace to fall below 8.5 percent by year-end, which is in line with a projection the firm made in January.