Business briefs


POSTED: Saturday, July 25, 2009

UH credit union chief to retire

Ariel Chun, president and chief executive officer of the University of Hawaii Federal Credit Union for the last 23 years, is retiring on Dec. 31.

The credit union is a full-service financial company that serves the faculty, staff, student and alumni association members of the University of Hawaii and its affiliated community colleges.

Under Chun's leadership, the credit union has grown from a small mom-and-pop operation to a financial institution with more than $390 million in assets serving more than 23,000 members.

Aqua to manage Hilton Kauai Beach

Aqua Hotels & Resorts has been selected to manage the Hilton Kauai Beach Resort. The 350-room resort formerly belonged to Big Island developer Brian Anderson, who defaulted on about $29.5 million in loans.

A subsidiary of lender iStar Financial of New York, which bought the property through a foreclosure auction in June, selected Aqua to assume management of the resort.

Aqua now has 16 properties on four islands.

Royal Hawaiian offers cheap parking

The Royal Hawaiian Center is offering new parking rates available from now until Jan. 31.

Parking is validated for three hours for diners at the center's restaurants, and two hours for diners at the Paina Lanai Food Court. Customers who shop at the center's stores can get validated parking for $2, and visitors to the Royal Hawaiian Theater and LEVEL 4 can park for a $5 flat rate.

Food and retail parking validations also can be combined, which makes parking available for less than 50 cents an hour. One restaurant and one retail validation, for instance, translates into five hours of parking for $2.

Chaney Brooks expands to Japan

Honolulu-based Chaney Brooks & Co. is expanding to Japan as NAI ChaneyBrooks Japan Ltd., in a partnership with Maruka Group, a Tokyo-based real estate, export and manufacturing company.

Chaney Brooks owner and President Steve Sombrero announced the expansion at an event attended by Notre Dame football legends Lou Holtz, Tim Brown and Chris Zorich, who were in Tokyo for today's Notre Dame Japan Bowl, pitting Notre Dame alumni against Team Japan.

Safety and health event set for 2010

The 11th biennial Governor's Pacific Rim Safety and Health Conference will be held over three days next year at the Hawaii Convention Center starting May 5.

The Hawaii chapter of the American Society of Safety Engineers is sponsoring the conference, which drew more than 435 attendees and 97 exhibitors last year. This year the conference will offer more than 45 breakout sessions and several general sessions. For information, visit assehawaii.org.

On the move

» Sterling & Tucker Inc. has named three new partners:

Michelle Scully Hobus, partner and lawyer. Her experience includes estate and disability planning since 2004.

Wendy Miki Glaus, partner and lawyer. Her experience includes elder law; disability, long-term care, Medicaid and other government benefits; taxation; business formation; and real estate, since 2003.

Laurie Young-Kagamida, partner and certified public accountant. Her experience includes income tax preparation and planning, estate tax preparation, trust accounting services and financial reporting, since 1996.