Maui condo prices jumped 27% in February
More luxury condominium buyers were active on Maui last month and helped boost sales and median prices, said a report released Tuesday.
The Realtors Association of Maui said the number of condo sales on the Valley Isle rose 20 percent to 100 in February from 83 in the same month last year. The median price jumped 27 percent to $364,950 from $287,000 in the same period a year ago.
Gains were driven in part by sales in resort areas such as Wailea/Makena where there were 11 sales for a median $815,000 last month.
Maui’s single-family home market was more mixed, with a 17 percent decrease in the number of sales to 65 last month from 78 a year earlier. The median price rose 7 percent to $550,000 from $513,750.
Hawaiian falls to No. 2 in on-time flights
Virgin America has knocked Hawaiian Airlines from its spot as the nation’s most punctual carrier. The Burlingame, Calif.-based airline had 93.1 percent of its flights arrive on time in January, topping second-place Hawaiian at 92.5 percent, according to the U.S. Department of Transportation’s Air Travel Consumer Report released Tuesday.
Hawaiian also ranked second among 16 airlines for fewest flight cancellations with three flights canceled out of 5,982 total flights.
In other categories, Hawaiian was sixth for fewest mishandled-baggage reports with 2.57 per 1,000 passengers, and 12th in consumer complaints with 1.89 per 100,000 passengers.
Bankoh CEO gets 2% boost in base pay
Peter Ho, CEO of Bank of Hawaii Corp., will get an annual base salary of $765,000 this year, a 2 percent increase from last year, according to a regulatory filing Tuesday with the Securities and Exchange Commission.
Ho received a total compensation package of $2.06 million in 2011 with base pay of $680,768. Total compensation for 2012 has not been released.
Wayne Hamano, vice chairman and chief commercial officer, will receive $332,500. Kent Lucien, vice chairman and chief financial officer, will receive $427,500. Mark Rossi, vice chairman and chief administrative officer, will receive $427,500. And Mary Sellers, vice chairwoman and chief risk officer, will receive $403,750.
The annual base salaries will be effective April 1 and will run through the remainder of 2013.
2 isle law firms become 1 in July
Two Hawaii law firms — Chun Kerr Dodd Beaman & Wong and Chun Yoshimoto LLP — said Tuesday they will merge on July 1. The new firm will be known as Chun Kerr LLP.
Chun Kerr will be in the Topa Financial Center in downtown Honolulu and will have 17 attorneys, including nine partners, the companies said.
On the Move
Hawaiian Airlines has promoted Ashlee Kishimoto to senior director of investor relations. She has been with the company since 2009 and was previously director of SEC reporting and SOX compliance. Kishimoto is a certified public accountant and worked in auditing positions at KMH LLP and KPMG LLP prior to joining Hawaiian Airlines.
USS Missouri Memorial Association has honored:
>> Bernie Perriera, outstanding volunteer of the year, who received the USS Missouri Memorial Association Award.
>> James Weinenger, outstanding military person, who received the USS Missouri Memorial Association Legacy Award.
>> Emi Ige, outstanding senior volunteer, recipient of the Truman Centennial Award.
>> Jeff Eck, volunteer who can “do it all,” who received the Big Guns Award.
>> Marcos and Mason Zavala, outstanding military support.
>> Senior chief Ian Moore, outstanding military support.
Organizations recognized were the Church of Jesus Christ of Latter-day Saints; Key Clubs of Hawaii; 715th Military Intelligence Battalion; Tripler Army Medical Center; Seabees NAVFAC Self-Help; commander, Pacific Fleet; commander, Submarine Pacific Region; command master chief, Joint Base Pearl Harbor-Hickam; and Navy public affairs office.
