Business Report: 5/5/17 - Hawaii News Now - KGMB and KHNL

Business Report: 5/5/17

(Image: Hawaii News Now) (Image: Hawaii News Now)
HONOLULU (HawaiiNewsNow) -

Alexander & Baldwin reports a $7 million winter profit, after losing money the year before. Commercial real estate revenues grew. A&B local properties rose to 94% occupancy. The Grace Pacific division saw lower sales. The Maui sugar plantation closed. A&B is Hawaii's fourth largest private landowner.

Hawaiian Airlines reports flying 85% full in April – carrying more than 900,000 passengers. The passenger count rose 4% but revenue miles grew 8% on seat miles up 5%.

Coldwell Banker Pacific Properties closes on a house in Lanikai for almost $14 million, the highest price for an Oahu home since the year began. The house, at 1611 Mokulua, has five bedrooms, five baths, a three-car garage, and an infinity pool.

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