Business Briefs

Reported by Star-Bulletin staff & wire

Tuesday, August 17, 2004




Kauai resort condo units to hit market

Islander on the Beach, a 200-unit Kapaa, Kauai, resort hotel that is being converted into fee-simple condominiums, will begin selling units tomorrow.

All of the units, which will start at $210,000 for studios, will be fully furnished once the refurbishment is complete. Renovation work is expected to begin by the end of summer.

The complex is managed by Aston Hotels & Resorts, which will continue to manage the resort after the sales. The project is owned by a Kauai real estate hui that is converting the hotel to condos in hopes of capitalizing on the current wave of investment in Hawaii resort properties.

Exclusive brokers Coldwell Banker Pacific Properties and Century 21 All Islands are offering priority to selected brokers. The same practice was used in recent sales of the Palms at Waikiki condos on Oahu, which resulted in all of the units being pre-sold before sales officially began.

Consulting firm changes name

Indoor environmental consultants Randy Herold and Kenton Beal have changed the name of their Kailua-based company to Enpro Environmental.

The company, which has about a dozen employees, was formed three years ago and until last week was known as MoldPro International.

Herold said he and Beal changed their company's name because it offers more than just mold and indoor-air-quality services. The company also focuses on asbestos, lead paint, permitting and soil and groundwater remediation, and offers training on how to maintain healthy indoor environments.



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