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Business Briefs
Reported by Star-Bulletin staff & wire

Wednesday, November 20, 2002



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Chaney Brooks sells condo management arm

Chaney Brooks & Co., one of Hawaii's leading real estate firms, said today it has agreed to sell its condominium association management division to Certified Management Inc., a Honolulu firm that specializes in property management.

The 40 employees of the Chaney Brooks division will all be offered jobs at Certified, the companies said. The Chaney Brooks division manages 152 accounts that represent some 15,000 condominium units across the state. The division provides professional management services for condominium owners' associations.

The purchase price was not disclosed.

In a letter to clients this week, Chaney Brooks said the plan is to keep the employees in place at Chaney Brooks headquarters in Kakaako but they will be working for Certified.

William Ramsey, Chaney Brooks president, said the transaction will permit his firm to focus more sharply on its residential and commercial management and brokerage operations, as well as its work with government housing projects.

Chaney Brooks was founded in 1960 by Aaron Chaney. Certified has about 20 years of experience managing local properties.

Del Monte hiring 150 fruit packers

Del Monte Fresh Produce Hawaii Inc. is looking to hire about 150 fruit packers for its fresh pineapple operations on Oahu.

The entry-level jobs are seasonal, but work could last through October of next year if harvest forecasts are accurate, according to a company spokesman.

Pay is $6 an hour, going up to $6.25 with the January minimum wage increase.

The company is taking applications at a job fair from 9:30 a.m. to 1:30 p.m. today at the Oahu Work Links office at Waialua Shopping Center.

Work Links employment specialist David Hirano was looking forward to having an employer on hand looking for workers.

"For us it's kind of a big one. Usually it's been people coming in because they lost their job," he said.

Del Monte Fresh Produce Hawaii presently has about 800 employees, according to the company.

Vili to storm the airwaves

Vili Fehoko, the drum-pounding University of Hawaii crowd-pleaser that appears at all of the team's home football games, will be featured in a series of print and television spots created by Starr Seigle Advertising to help promote the inaugural ConAgra Foods Hawaii Bowl.

"We wanted to create excitement and the image of 'in your face football' that UH is known for," Starr Seigle Chief Executive Officer Jack Bates said. "Vili is a true icon that's larger than life, so the decision to use him as the main character in these ads was obvious."

Hawaii will face a yet-to-be-named opponent from Conference USA in the Christmas Day bowl game.

Conseco plans Chapter 11 filing

INDIANAPOLIS >> Conseco Inc. plans to seek Chapter 11 bankruptcy protection if the insurance and finance company can strike a restructuring pact with creditors owed billions of dollars, executives said yesterday as they reported a hefty $1.8 billion quarterly loss. Conseco is saddled with $6.5 billion in debt from 1990s acquisitions that soured.



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