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Island Movers buys remainder of Westpark

Hawktree Land Inc., an affiliate of Island Movers Inc., has purchased a pair of warehouse/office facilities with a combined 100,000 square feet of space in Kapolei's Campbell Industrial Park for $7 million.

With the purchases, the Island Movers family of companies now has complete ownership of Westpark Center, an industrial condominium property adjacent to the Kalaeloa Barbers Point Harbor.

Pro-File Records Systems, another affiliate, earlier this year purchased a 36,000-square-foot warehouse property in the center to serve as the records storage company's headquarters.

The properties were purchased from American Savings Bank, which had foreclosed on the center's original developer.

Ryan Takaki, president of Pro-File, said the two latest purchases were made as real estate investments and that there are plans by Pro-File or Island Movers to take over the facilities, which are occupied by tenants.

NAIOP selects annual winners

The Hawaii Chapter of the National Association of Industrial and Office Properties recently announced its 2004 Kukulu Hale Award winners.

Richard W. Gushman II, a long-time Hawaii developer and Campbell Estate Trustee, was presented with a lifetime achievement Holo Pono Award.

William W. Paty Jr., a trustee of the Mark A. Robinson Trust, was recognized with an Outstanding Service Award. And MW Group Ltd. was named the Ku Hookela Developer of the Year.

Isle experts talk personal finance

A financial education television series entitled "Take Charge of Your Money2" will be broadcast on local cable stations from May 31 to June 9 and then rebroadcast from July 16 to July 27.

The eight-part series, which is offered by the University of Hawaii Cooperative Extension Service, will feature Hawaii professionals offering their expertise on various topics. The series will air from 1:30 p.m. to 2:30 p.m. weekdays on Oceanic Channel 55 and Craig Channel 21 on Oahu, Na Leo Channel 55 on the Big Island, Hoike Channel 55 on Kauai and MCCTV 55 on Maui, Molokai and Lanai.

To assist home viewers, an optional viewer's guide telecourse packet that includes TV schedules, handouts and Internet information is available for $10.

For more information, call 956-7138, e-mail moneyed@hawaii.edu, or go to www2.ctahr.hawaii.edu/tcyour$.

Golf tourney raises nearly $64,000

Members of Hawaii's visitor industry raised $63,647 for state educational programs at a recent golf tournament.

A total of 96 teams participated in the Visitor Industry Charity Walk Fore Education Golf Tournament, which took place simultaneously at the Makaha Valley Country Club and the Makaha Resort Golf Club.

The event was organized to help support the upcoming 26th Annual Visitor Industry Charity Walk, which takes place May 15.

Pacific LightNet upgrades network

Pacific LightNet Communications said it has implemented a technical upgrade to its inter-island fiber-optic network that will result in greater transmission capacity for its phone and data offerings and the Internet services available through its Hawaii Online division.

The telecommunications service provider has installed an optical technology known as Dense Wavelength Division Multiplexing, which the company says will improve capacity to as much 200 gigabits of data per second.

Company President Pat Bustamante said the upgrade is likely to be imperceptible to PLNC's existing customers, but it will allow the company to handle what it expects to be much greater inter-island data capacity demands in the future as online video and other bandwidth-hogging media proliferate.