BUSINESS BRIEFS
Bank reports theft of data
Advertiser Staff
Bank of the Orient, which has two branches on O'ahu, is contacting customers about potential identity theft after magnetic tapes containing personal information on 28,000 customers were stolen last month from one of its California locations.
Bank spokesman Scott Bender said there haven't been any reports of customers having problems and that the tapes were encrypted, requiring special equipment, passwords and software to open. In notifying customers, the bank is offering customers a one-year subscription to a credit monitoring service for free, Bender said.
REAL ESTATE TRUST TO GO PUBLIC
A California real estate investment trust that owns rental apartment complexes and office towers on O'ahu plans to sell shares in the company to the public.
Douglas Emmett Inc. recently announced the plan to raise as much as $1.3 billion through an initial public offering of stock.
The company primarily owns real estate in California, but in 2004 began acquiring Hawai'i property, including 1132 Bishop and Harbor Court office buildings downtown.
Douglas Emmett bought the 700-unit Moanalua Hillside Apartments for $109 million last year, and in March paid $114 million for 402 Royal Kunia affordable rental townhomes including Royal Kunia Gardens, and Halekua Gardens I and II.
OUTRIGGER ADDS THREE ISLE PROPERTIES
Outrigger Enterprises Group announced it will manage three new resort condominium properties in Waikiki, Lahaina and East Kaua'i.
The 48-unit Outrigger Regency on Beach Walk, to be completed in November, will be adjacent to the $460 million Waikiki Beach Walk project.
The Outrigger Aina Nalu, a recently remodeled resort condominium property in Lahaina, has 135 studio, one- and two-bedroom apartments. The first phase of the property is complete and accommodating guests, and the entire project is scheduled to be completed this fall.
The 190-unit Outrigger Waipouli Beach on Kaua'i is to open in November.
JOB FAIR PLANNED FOR JULY 10
The University of Phoenix Hawaii Campus will hold its fourth annual job fair July 10 at the Topa Financial Center.
Participating companies include ABC Stores, American Savings Bank, Best Buy, Central Pacific Wireless, Cingular Wireless, the Hawai'i Department of Education, FBI, Hawaii Pacific Health, Hawaiian Telcom, Hilo Hattie, the Honolulu Police Department, Island Air, Kaiser Permanente Medical Center, Norwegian Cruise Line and Wackenhut Corp.
The fair will be held from 4 p.m. to 7 p.m. in rooms 101 and 102 of the Topa Financial Center, 745 Fort Street Mall. For more information, call 536-2682.
