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The Honolulu Advertiser

Posted at 12:06 p.m., Thursday, June 22, 2006

Business briefs: Hawaiian Telcom pursues cable license

Advertiser Staff

The State Department of Commerce and Consumer Affairs has scheduled a public hearing July 19 on Hawaiian Telcom's application for a license to start a cable television franchise.

The license would give Hawaiian Telcom the right to offer video service over its phone lines in competition with Time Warner Oceanic Cable. For Hawaiian Telcom, which has 1,800 employees, the drive to offer video comes amid increasing competition from wireless and cable companies. Last year Oceanic began offering telephone service.

The hearing is scheduled to be held at 4 p.m. in the Queen Lili'uokalani Conference Room of the King Kalakaua Building.

ResortQuest to manage Courtyard by Marriott Kauai

ResortQuest Hawaii has assumed management of the 311-room Courtyard by Marriott Kauai at Waipouli Beach hotel, which has been rebranded as the ResortQuest Kaua'i Beach at Maka'iwa.

The oceanfront hotel formerly known as the Kaua'i Coconut Beach Resort was bought by a private real estate investment fund, which transferred management from Marriott to ResortQuest.

The seller, California-based boutique hotel operator Presidio Hotel Group LLC, had acquired the leasehold property in 2003 and spent about $30 million renovating the hotel that had fallen into general disrepair.

Baird named to Alexander & Baldwin board

W. Blake Baird, president of a California-based real estate development firm, was appointed to the board of directors of Alexander & Baldwin, Inc.

Baird, 45, is president and a director of AMB Property Corp., headquartered in San Francisco, California, which acquires, develops and operates industrial property throughout North America, Europe and Asia. He joined AMB in 1999 as managing director and chief investment officer, and was promoted to president in January 2000. AMB owns more than 1,000 properties comprising approximately 118 million square feet of leasable space in eleven countries.

Prior to joining AMB, Baird was a managing director at Morgan Stanley & Co., where he was the head of real estate investment banking for the Western United States. He spent 15 years at Morgan Stanley and Dean Witter, the last 11 focusing on real estate.