Building Management Hawaii April/May 2014 - (Page 18)

News Updates * * * News Updates * * * News Updates * * * News Update Industry News Associa Hawaii Gives To Local Organizations Associa Hawaii, an Associa company, announced in late February that it has donated $25,000 to Shriners Hospitals for Children and $5,000 to the Hawaii Foodbank to help each organization reach its local philanthropic goals. "Giving back to the local community is very important to everyone at Associa Hawaii," said Associa Hawaii CEO Jon McKenna. "We hope that through these funds both of these groups can meet their goals, and we plan to continue our relationships with them for many years." The company has been supporting Shriners for more than 10 years. The funds will help Shriners fly Neighbor Island children and their escorts to the hospital, and also pay for ground transportation. Associa raised funds for both donations through its annual charity golf tournament. Alii Place Earns Gold Downtown Honolulu's iconic Alii Place has just become the first building of its kind in Hawaii to earn the prestigious LEED-EB (Leadership in Energy and Environmental Design, Existing Buildings) Gold Certification from the U.S. Green Building Council. Built in 1992, Alii Place is now one of the most sustainable, efficient office buildings in the state. Courtesy Commercial Roofing & Waterproofing Hawaii, Inc. 18 April-May 2014 BMH Rockbridge Capital Acquires Aqua Wave Waikiki Rockbridge Capital's purchase of the leasehold Aqua Wave Waikiki hotel cleared in January at $48 million, signaling another sea change for the heart of the district. Located adjacent to International Market Place, which has now closed to begin redevelopment into a three-story Saks Fifth Avenue and shopping center, the three-star hotel is in a prime location to take advantage of the neighborhood upgrades. Aqua Hospitality is expected to remain the hotel's management company. First Insurance Reports 2013 Donations In February, the First Insurance Company of Hawaii (FICOH) Charitable Foundation released a summary of its donation activity for the previous year. In 2013, FICOH donated more than $400,000-an amount that was at least $28,000 more than its donations in 2012. The University of Hawaii Foundation, Hawaii Community Foundation, American Red Cross, Teach for America, Aloha United Way, Enterprise Honolulu and JapanAmerica Society were among the 75 local nonprofit recipients. "We congratulate our many local nonprofits for continuing to strive for a better and stronger Hawaii, and are happy to do our part as a local company," said FICOH CEO Allen Uyeda. "We look forward to helping more organizations carry out their missions in 2014." Hitting Another High Note The Honolulu Board of Realtors reports that the median price of Oahu condos hit another record high in February, at $359,450-a 5.7 percent increase from the median price at the same point last year. A total of 296 units were sold. Single-family home prices also rose by 13 percent. The median price reached $679,000, compared to last February's $600,000. A total of 201 homes were sold. Save The Date! May 15 and 16: NARPM (National Association of Residential Property Managers) Oahu Chapter's State Conference for Property Managers. More information is available at www.oahu.narpm.org. May 28: BIA-Hawaii's Annual Renaissance Awards. Cocktail reception at 5:30 p.m., dinner and awards at 6:30 p.m. Individual seats and tables of 10 available. The Royal Hawaiian, Monarch Room. Contact Clarice Watanabe at (808) 629-7503 or ckw@biahawaii.org for additional information. Visit www.biahawaii.org or events to register. www.buildingmanagementhawaii.com http://www.oahu.narpm.org http://www.biahawaii.org http://www.buildingmanagementhawaii.com

Table of Contents for the Digital Edition of Building Management Hawaii April/May 2014

Editor’s Note By Stacy Pope
Hawaiiana Hits The Big Five-0
CONCRETE Restoration and Repairs: Maintaining A Strong Foundation
Concrete Spalls, Cracks And Leaks
Should You Repair Or Replace?
Restoring Exposed Aggregate Surfaces
Preserving A Historic Treasure
ELEVATOR Modernization: Are You Losing Energy?
Greening Your Elevators
Upgrading On A Budget
INSURANCE: Locking Down The Leaks
Navigating Property Insurance
COOLING TOWERS: HVAC Chemical Feed Pumps
Waikiki’s Oldest Hotel Keeps It Cool
Industry News or Movers & Shakers
On Site: Self-Management 101

Building Management Hawaii April/May 2014