BUSINESS BRIEFS
Hospital starts on new tower

Advertiser Staff

Kaiser Permanente broke ground yesterday on a new $90 million tower addition at its Moanalua Medical Center. The new tower and additional renovations will total $150 million, with the project being completed over four years.

The five-story tower is the first significant addition for the medical center since it opened in 1985 and will allow for expansion of major hospital services.

Major features of the new tower and renovation will include adding 165,000 square feet to bring the total area to 545,000 square feet, adding 106 private hospital rooms to bring the total to 186, and tripling the size of the emergency department that sees more than 50,000 patients annually.

Hawaiian Air income down

Hawaiian Airlines said its operating and net income fell in April because of higher fuel costs.

The airline's net income for last month was $414,000, down from April 2004's $2.4 million.

The company said it generated an operating profit of $1.7 million on revenue of $63.8 million in April 2005, compared to an operating profit of $7.1 million on revenues of $63.4 million in the previous April.

Hawaiian said its fuel cost rose to nearly $15 million in April from $10.3 million in April 2004.

CBRE Hawaii gets Maui deal

CB Richard Ellis Hawaii, Inc. (CBRE Hawaii) has been selected as the leasing agent for Lahaina Gateway, a new retail development being built on 11.63 acres across the street from the Lahaina Cannery Mall on Maui.

Expected to open in the first quarter of 2007, the 132,000-square-foot center will be the largest in West Maui. It will have apparel, eateries, services, and three full-service restaurants. National anchors being considered include books, home decor, and specialty retailers.