Reported by Star-Bulletin staff & wire
Friday, August 7, 1998
Campbell Estate named 'Developer of the Year'
The Estate of James Campbell today was named "Developer of the Year" by the National Association of Industrial and Office Properties.The Herndon, Va.-based association praised the estate for its public-private partnership in developing a new city at Kapolei, on 32,000 acres. NAIOP will present the award to the estate's chief executive officer, David H. McCoy, in a ceremony in Atlanta in October.
The estate mastered a rare balance of vision and pragmatism that allowed it to get the development done without being swamped by infrastructure requirements and debt, said Thomas J. Bisacquino, NAIOP executive vice president.
PBN hires former Advertiser publisher
Larry Fuller, the former head of the Honolulu Advertiser, has been named publisher of Pacific Business News.In January, Fuller resigned as publisher of the Advertiser and as president of the Hawaii Newspaper Agency. HNA provides circulation, advertising and production services to the Star-Bulletin and the Advertiser, which are separately owned.
Fuller replaces Mike Kallay, who was transferred to PBN's parent company, American City Business Journals in Charlotte, N.C., to become editor of the company's Street & Smith's Sports Annuals.
Fuller joined the Advertiser and HNA in May 1993, soon after Gannett Co. bought the Advertiser. Fuller spent more than 20 years with Gannett.
Aston's new parent firm sees quarterly profit
ResortQuest International Inc., formed by combining a dozen or so vacation property rental and management companies including Hawaii's Aston Hotels & Resorts, said it had a profit of $444,000, or 3 cents a share, in the second quarter of this year.The comparable year-earlier figure was a profit of $341,000, or 2 cents a share.
Second-quarter revenues of $12.2 million were down from $13 million in the year-earlier period. Since the company's various units weren't combined a year ago or for some of the recent quarter, the figures are pro forma -- written as though they were all together for both periods.
The Memphis, Tenn.-based company said its Hawaii results were "particularly impressive." Although there has been a slip in tourism from Asia, ResortQuest's isle properties don't have much exposure to it, the company said.
Seminar to focus on attracting customers
How to get and keep customers by using what its proponents call "relationship marketing" will be the theme of a seminar next Tuesday, featuring George Heinrich, president of Heinrich Relationship Marketing in Denver, Colo.Heinrich will tell participants how to integrate their marketing efforts to develop the information they need for developing long-term relationships with customers.
Sponsors of the seminar are the Honolulu chapter of the American Marketing Association, the Direct Marketing Association of Hawaii, First Hawaiian Bank, Cardinal Mailing Services and Pacific Business News.
To make reservations for the 9 a.m.-to-1:30 p.m. seminar at the Ala Moana Hotel, call Gail Caveney at 262-6719.
SEC tries to bring company back to earth
WASHINGTON -- Federal regulators are going after a small company that has promoted itself, over the Internet and elsewhere, as preparing to launch an unmanned spacecraft to a "near-Earth asteroid" around 2000.The Securities and Exchange Commission said yesterday that Spacedev Inc., based in San Diego, and its chairman, James W. Benson, violated federal laws by making "false and misleading" statements to the public.
The SEC, seeking an order compelling Spacedev to refrain from future violations, asked for a hearing before an administrative law judge.
The company had said it planned to raise money by selling space on the unmanned craft to scientists seeking to transport their instruments to the asteroid, and by selling data obtained from the asteroid.
See expanded coverage in today's Honolulu Star-Bulletin.
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