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A&B venture to build center north of L.A.

Alexander & Baldwin Inc.'s real estate subsidiary will partner on a project to build a 101,700-square-foot, $25 million shopping center in Valencia, Calif., north of Los Angeles.

The site is next to Wal-Mart and Sam's Club stores that are under construction. The planned Centre Pointe Marketplace is a project with Intertex Properties and is A&B's fifth investment in the area.

The joint venture bought the land yesterday from a California developer. The purchase price was not disclosed. Construction is to start in the fourth quarter and take about a year.


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[Hawaii Inc.]

art

NEW JOBS

» Pacific Islanders in Communications has appointed Ruth Bolan executive director. She previously served as Ohia Productions' executive director. She replaces Carlyn Tani.

» Territorial Savings Bank has appointed Aaron Takeda Hawaii Kai branch manager. He will be responsible for branch operations and residential mortgage loan production.

» Territorial Savings Bank has appointed Chad Michael Wong Mililani branch manager. He will be responsible for branch operations and residential mortgage production.

» Kahala Nui, Honolulu's new senior living community, has hired Romala Sue Scales-Radcliffe as education coordinator/Kahala Nui University director. She will be responsible for coordinating the educational programs offered to the community's residents. She has more than 10 years of experience managing employees and health professionals at the executive and managerial level.

» First Insurance Company of Hawaii has hired Martha Nobriga as executive marketing underwriter. She will be responsible for working with agencies and underwriters in evaluating risks and monitoring production. She previously served as a client advisor global broker at Marsh Risk and Insurance Services.



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