The 62 residences are being sold in deeded, one-twelfth interests. Members can stay 21 or more days per year in fully furnished two- and three-bedroom residences ranging from 1,770-2,090 square feet. Prices range from $300,000 to $700,000.

Also planned for Kapalua Bay are privately owned condominiums known as The Residences at Kapalua Bay. The 84 three- and four- bedroom floor plans range from 3,000-4,200 square feet and include Ritz- Carlton property management and services. Prices are expected to start at $4 million. Construction begins this fall with completion set for late 2008.

Young Brothers offers MBA scholarships

Young Brothers Ltd. has given a $120,000 grant to the University of Hawai'i's College of Business to provide scholarships for students participating in the Executive Neighbor Island MBA program.

The grant will provide 10 scholarships every two semesters from this fall through the summer of 2008. Scholarship recipients must be Neighbor Island residents and will be selected based on on their grade point average and financial need.

For more information, visit www.youngbrothershawaii.com.