Fred Livingston said he is selling the Sunset Grill, and the Crouching Lion Inn in Ka'a'awa, because he wants to spend more time on his real estate ventures. He has developed seven subdivisions on the Big Island and is currently developing an ocean front subdivision in the Puna District.

Livingston said Don Ho's Island Grill, which he also owns, is not for sale. Livingston has owned a number of local restaurants over the years, including the Tahitian Lanai that was demolished to make way for a new Hilton Hawaiian Village Tower; Trattoria and Davey Jones Ribs, both demolished for the Outrigger Lewers Street Project; and Matteo's which he sold in 2003.

Livingston also owns and manages the Windward Business Center in Kaneohe, a mixed use 50,000-square-foot complex.

New smoothie franchise coming to Hawaii

Kahala Corp., an Arizona-based quick service restaurant franchiser, said it has entered into an agreement to open 10 Surf City Squeeze smoothie stores in Hawaii within the next five years.

The Hawaii franchise will be run by Shaun Khan, an entrepreneur from Orlando, Fla. Along with Surf City Squeeze, Kahala Corp franchises Great Steak & Potato Co., TacoTime, Samurai Sam's Teriyaki Grill, RANCH ONE Grilled Chicken, Frullati Cafe & Bakery, Rollerz and Wafflo. The restaurants have 1,000 locations nationwide with $450 million a year in sales.

Currently a records manager at a company in Orlando, Khan, 35, has never worked in the restaurant industry, but said he decided to become a Surf City Squeeze franchisee because he views this opportunity as an "exciting and very wise financial investment." Khan said he plans to open his first Surf City Squeeze early next year at a kiosk location in Waikiki. Eventually, he plans to open up a Surf City Squeeze of the major Hawaiian Islands.