Windward Mall announced Tuesday new retailers and temporary tenants through the holiday season.
Big City Diner is opening a permanent location in the lower-level Macy’s wing.
The following temporary tenants are opening in November:
>> Go! Calendars Go! Games (kiosk, lower level, Macy’s Wing)
>> See’s Candies (kiosk, upper level, Center Court)
>> Haley’s Christmas Trees (parking lot fronting Macy’s), opening Nov. 27
>> Luxury Hair (Center Court near Bath & Body Works)
>> Moon Lights (lower level, Sports Authority wing)
>> Santa’s Pen (Kiosk, Lower Level, Macy’s Wing)
>> Menehune Mac (Kiosk, lower level, Macy’s wing)
>> Hawaiian Telcom (Kiosk, lower level, Sears wing)
Construction is also underway in the lower-level Macy’s wing, which includes renovating storefronts and fixing spaces for new restaurants and retailers opening in spring. Jeans Warehouse and Cookie’s Clothing Co. are relocating and expanding to the lower level of the wing.
Several tenants are also preparing to relocate, including Local Motion, which will move to the upper level near Center Court in early December. Little People Hawaii will move to the upper level near Center Court, and Hawaii Massage Co. will take over the upper-level space near HawaiiUSA Federal Credit Union. Both are scheduled to open in late spring.
Alexander & Baldwin raises dividend
Alexander & Baldwin Inc., the state’s fourth-largest private landowner, said Tuesday it is increasing its dividend by a penny to 6 cents a share. It will be payable Dec. 3 to shareholders of record as of the close of business Nov. 9.
The dividend represents an annualized yield of 0.7 percent based on Tuesday’s closing price of $36.58. The dividend was announced after the stock market closed.
Ford earnings way up on demand for trucks
DEARBORN, Mich. >> Pickup trucks powered Ford Motor Co. to record North American results in the third quarter.
Ford earned $2.7 billion in North America, up 89 percent from a year ago, largely on higher sales of its new F-150 pickup truck. Ford introduced the aluminum-sided truck last fall but didn’t reach full production at its two U.S. factories until June.
The results were the strongest indication yet that Ford’s risky decision to remake its best-selling vehicle as a lighter aluminum model is paying off. Sales of F-Series pickups reached a nine-year high for the period. In the U.S. alone, Ford sold 207,271 F-Series trucks. That’s 85 trucks per hour.
U.S. home values, rents defying slowdown
WASHINGTON >> U.S. housing appears to be insulated so far from the cooling global economy.
Home values and rental prices are steadily rising, fueled by strong demand and a tight supply, a pair of reports Tuesday showed.
The Standard & Poor’s/Case-Shiller 20-city home price index climbed 5.1 percent in the 12 months that ended in August. And in September, median rents nationwide rose a seasonally adjusted 3.7 percent from a year ago, according to real estate data firm Zillow.
ON THE MOVE
Central Pacific Bank has appointed Carol Kato to vice president and Bank Secrecy Act officer. She has more than 10 years of BSA experience, including previously serving as a senior vice president and BSA manager for First Foundation Bank as well as vice president and BSA officer at First Hawaiian Bank.
OpTerra Energy Services has announced the appointment of Phillip Jimenez as a construction manager. He has seven years of experience in the lighting industry, including previously working for inside sales and auditing at Blanchard Associates in Ontario, Calif. Jimenez also served as a field applications specialist at Practical Energy Solutions and a project development specialist for FSC Lighting.