BUSINESS BRIEFS
Foreclosure rate among lowest
Advertiser Staff and News Services
Hawai'i had one of the lowest foreclosure rates in the nation in December, according to Irvine, Calif.-based real-estate research firm RealtyTrac.
The firm said 43 Hawai'i properties were entering some stage of foreclosure last month. That worked out to one of every 10,710 households in the state, or 43rd-lowest in the country, and compared with one of every 1,055 households nationally.
ECO-TOURISM VILLAGE PLANNED
Manila-based Pearl Asian Mining Industries Inc. said it will join with RJ Construction LLC to develop a 21-acre eco-tourism village on the Hawaiian Ranchos Estate on the Big Island.
Construction will start next month and be completed this year. The resort will be patterned after others on the Philippine Islands of Boracay and Palawan, Pearl Asian said in a release distributed by Business Wire.
DINSMORE HEADS JOINT VENTURE
Local businessman Jeff Dinsmore has been named president of a partnership developing three shopping centers, on O'ahu, Maui and the Big Island.
Dinsmore will lead MKC Management LLC, a joint venture between the MacNaughton Group and Kobayashi Group that plans to develop retail centers called Kapolei Commons, Kihei Commons and Kona Commons.
Previously, Dinsmore was vice president of Hawai'i development for mall owner General Growth Properties.
