Posted at 11:56 a.m., Monday, February 6, 2006
BUSINESS BRIEFS
L&L Ke'eaumoku offers 76 cent lunch
Advertiser Staff
L&L Drive-Inn will be offering 76 cent plate lunches for two hours tomorrow at the Ke'eaumoku Wal-Mart location to mark the restaurant's 30th anniversary.L&L said the lunches will be sold from 11:00 a.m. to 1:00 p.m. and include regular-sized plates of chicken katsu, hamburger steak and kalua pork with cabbage for 76 cents and a Pepsi for 10 cents.
L&L said it will donate all proceeds from the sale to Goodwill Industries of Hawaii.
L&L got its start when Eddie Flores Jr. bought a small walk-up restaurant for his mother on Liliha Street in 1976.
California firm buys Waikiki Trade Center
An affiliate of Beverly Hills, Calif.-based real estate firm 3D Investments has bought the Waikiki Trade Center, one of Waikiki's largest office high-rises.
The company paid about $30 million for the 24-story building at 2255 Kuhio Ave. The purchase did not include the underlying land, which is owned by Queen Emma Foundation and leased to the building owner for roughly another 40 years.
The seller was a Japanese investor doing business as Waikiki Trade Center Associates, which bought the building last April for $8 million, according to Tom Kenney, an agent with Chaney, Brooks & Co. who helped represent the seller.
Waikiki Trade Center was built in 1980 by Jack Myers and Bruce Stark for $18 million, and sold a year later for $40 million. Another buyer in 1987 paid $45 million for the leasehold property.
