Victoria’s Secret and Bath & Body Works will open stores in the Ka Makana Ali‘i regional mall being built in Kapolei, the developer of the project announced Wednesday.

The additions help fill up available space in an initial phase slated to open late next year.

Florida-based DeBartolo Development LLC is creating the 1.4 million-square-foot project with space for about 150 retail and restaurant tenants, office space and two hotels.

An initial phase with 750,000 square feet of space broke ground earlier this year and is to be anchored by Macy’s. Other tenants are to include a Hampton Inn & Suites, H&M, Forever 21, Banana Republic, Gap, Old Navy, Walgreens, 24 Hour Fitness, Reyn Spooner, T&C Surf Designs, Rix Island Wear, Plus Interiors and Consolidated Theatres.

A second phase would add almost 700,000 square feet including retail, a second hotel and office space.

Reyn Spooner Downtown opening set

Music, food and cocktails will be offered during the grand reopening party for Reyn Spooner Downtown, formerly known as Reyn’s Rack, at 125 Merchant St.

Renovation of the store, in the historic Honolulu Star-Bulletin building, is presently underway, but will be completed in time for the opening festivities from 5 to 7 p.m. Oct. 2 during Chinatown’s First Friday event.

The retail space, expanded to 1,200 square feet from 700, is located in a two-story building that once housed the printing room for the Star-Bulletin (one of the two precursors to the Honolulu Star-Advertiser). In those days, a rooftop garden atop the building was used to stage social gatherings.

Reyn Spooner has eight locations selling its familiar reverse-print alohawear for men, as well as a new line of accessories for women.

Harvard nest egg earns 5.8%, trails peers

The Harvard University Management Co., which oversees an endowment of $37.6 billion, the academic world’s largest, generated a 5.8 percent return for its most recent fiscal year, significantly lower than its rivals.

The return beats the preliminary 5.6 percent figure that Cambridge Associates released for endowments more than $3 billion that it tracks, but “the Harvard result was disappointing,” said Charles Skorina, owner of a firm that recruits chief investment officers for endowments.

Skorina noted that Harvard had consistently underperformed its rivals during the last few years despite having one of the biggest and most expensive endowment offices.

BofA shareholders let CEO share top posts

NEW YORK » Bank of America CEO Brian Moynihan will keep both his CEO and chairman positions following a Tuesday vote by shareholders.

It was a significant win for the bank, which had lobbied hard for the dual role.

Only 63 percent of eligible shareholders voted in favor, however, far from a solid majority, showing how far the bank must still go to win the trust of its investors.

In 2009, the bank’s shareholders voted to strip the chairman title from then-CEO Ken Lewis, partly as a vote of no-confidence following a series of bungled and controversial acquisitions, including the purchase of mortgage lender Countrywide Financial and financial firm Merrill Lynch.

BofA’s board of directors reversed that shareholder vote last year, when they gave the chairman role to Moynihan, saying the combined role was more appropriate for how the company was being managed. But activist shareholders say the decision goes against what investors voted for.

E-book subscription service closing down

NEW YORK » A leading e-book subscription company is going out of business.

Oyster, which has touted unlimited access to more than 1 million books for $9.95 a month, announced on its blog Monday that it was “taking steps to sunset the existing Oyster service over the next several months.”

Simon & Schuster, HarperCollins and other publishers have looked to streaming services such as Oyster and Scribd as ways to generate new revenue, but many in the industry have been skeptical that the Netflix model works for books and fear that subscriptions will drive down prices overall. Oyster also faced competition from Scribd and Amazon.com’s Kindle Unlimited program and an e-book market that has been flat in recent years.

Teen crash-avoidance workshops offered

Car crashes are the leading cause of death for teens, according to AAA Hawaii, which will again host free “Dare to Prepare” workshops next month.

Some 15,000 teenagers aged 16 to 19 are killed in vehicle crashes each year, a number AAA seeks to reduce nationally by offering the free workshops for novice drivers and their parents.

The workshops include information on obtaining a learner’s permit and driver’s license, and provide tools to help with the process of learning to drive.

The Pomakai Ballrooms at Dole Cannery at 735 Iwilei Road will host two different dates, from 6 p.m. to 8:15 p.m., Oct. 20 and 22. An additional Oct. 21 workshop will be held from 6:30 p.m. to 8:45 p.m. at the Hawaii Okinawa Center, 94-587 Ukee St., in Waipio.

Reservations are required for the single-session workshops, and can be made online at AAA.com/safety4teens. The registration deadline is Oct. 16. Additional information can be obtained with a call to 529-5027. A parent or guardian must accompany teens at the workshops.

CarFit event set for drivers 55 and older

Drivers 55 and older can learn how aging affects the way they fit into their vehicles at a CarFit event next month.

Staged by AAA Hawaii, AARP and the Occupational Therapy Association of Hawaii, the CarFit event will provide drivers a 12-point, 15-minute checklist to evaluate seat belt adjustment, air bag safety, proper head restraint adjustment and visibility through windows and mirrors. Occupational therapists will be available to help make adjustments.

Shifting the positions of such components often can help seniors drive more safely and comfortably, said Anita Lorz Villagrana, AAA Hawaii community affairs and traffic safety manager.

Appointments are required for the event, which is scheduled from 8 a.m. to noon, Oct. 24 at the Hawaii Kai Retirement and Assisted Living Community at 428 Kawaihae St.

Reservations can be made by calling 545-6008, or online at aarp.cvent.com/carfit10-24. Attendees will receive free take-home resources and a goody bag.

On The Move

» Kaiser Permanente has announced the addition of new physicians:

— Dr. Janet Onopa practices at Mapunapuna Medical Office as an internal medicine physician. She earned her medical degree and completed her residency at John A. Burns School of Medicine at the University of Hawaii, where she also currently serves as an assistant professor of medicine.

— Dr. Angela Penn is a physician in the general surgery department at Moanalua Medical Center. Prior to joining Kaiser Permanente, Penn served as a trauma medical director and director of the general surgery simulation program at Tripler Army Medical Center in Honolulu.

— Dr. Melanie Shim specializes in pediatric endocrinology at Mapunapuna Medical Office. She previously served as a chief of pediatric endocrinology at Kaiser Permanente Southern California, which is based out of South Bay Medical Center in Harbor City, Calif.

Ship Ahoy!

Thursday’s ship arrivals and departures: