Local real estate management company Hawaiian Properties Ltd. will become the property manager representing individual condominium unit owners at the Ilikai in Waikīkī effective tomorrow.

The company is assuming the role from Hawaii First Inc., and will also manage commercial units in the roughly 1,000-unit tower with mixed hotel and condo use.

An affiliate of Aqua Resorts & Hotels continues to manage 203 hotel rooms owned by lender iStar Financial.

The Ilikai, built in 1964 by local businessman Chinn Ho as part residential condominium, part hotel overlooking the Ala Wai Boat Harbor, has been a popular property for decades. It was featured in the opening scenes of the long-running television series "Hawaii Five-0."

PRICE OF GASOLINE HOLDS STEADY AT $3.57

The average price for a gallon of regular gasoline in Hawai'i remains unchanged from last week at $3.57, according to AAA Hawaii's Weekend Gas Watch.

AAA said Honolulu's average price was $3.46, unchanged from last week, 9 cents more than last month and $1.08 more than at this time last year.

Hilo's average was $3.61, two cents more than last week, 13 cents more than last month and $1.03 more than at this time last year.

Wailuku's average was $3.91, unchanged from last week, seven cents more than last month and $1.17 more than last year.

BUSINESS LISTINGS SHOW PRICE INCREASE

The median asking price for Honolulu businesses listed for sale on BizBuySell.com was $489,500 in the first quarter, up from $335,000 in the same period a year earlier.

There were 18 businesses listed for sale during the first quarter, according to BizBuySell.com. They include listings from local business brokers, as well as "for sale by owner" listings.

BizBuySell.com also reported that the businesses in the Honolulu area had a median revenue of $878,413 in the first quarter, up from $466,754 at this same time last year.