Manoa retail complex sold
Advertiser Staff and News Services
Manoa Marketplace has been sold to a Los Angeles-based firm for $25 million.
Manoa Marketplace LLC bought the 140,000-square-foot retail complex from M/V Investment Partners. M/V Investments includes Honolulu-based general partners Cherrywood-Manoa LLC and Manoa SC LLC.
Manoa Marketplace tenants include Longs Drugs, Safeway, Bank of Hawaii, First Hawaiian Bank and American Savings. The center also has a free-standing McDonald's restaurant.
DEL MONTE UNIT LOSES $84M
Fresh Del Monte Produce Inc. said it had a third-quarter loss, in part because of costs associated with its scheduled closure of its Kunia pineapple operations in 2008.
The Coral Gables, Fla.-based company said it had a net loss of $83.6 million after reporting a profit of $5.7 million a year earlier. The results included $40.8 million in charges associated with the Hawai'i closing and a Kenya product withdrawal.
DATA SYSTEMS ADDS CALIF. OFFICE
Honolulu-based Commercial Data Systems is expanding its California operations with the addition of an office in San Diego, the company announced yesterday.
The office, scheduled to open Dec. 11, will cater to the growing demands for specialized information technology services by federal agencies and private firms, CDS said in a news release. The opening coincides with the 20th anniversary of CDS' founding.
CDS also operates in Colorado, Florida, Maryland, North Carolina, New Mexico, New York, Texas, Virginia and Washington, D.C.
UH HOUSING COSTS RANK HIGH
University of Hawai'i students face among the highest housing costs in the nation, according to a new study.
Honolulu ranks as the sixth-least affordable college town among 119 surveyed in the Coldwell Banker College Home Price Comparison Index. Topping the list as least most affordable were Stanford and four other schools in California.