CNN REPORTED TODAY the following cities have experienced a rise in sales prices over the past year:
San Francisco – San Diego – Los Angerles – Washington
Humm, things are looking up!
Hawaiian Telcom set to exit Chapter 11
Hawaii’s largest telephone company says it expects to emerge from bankruptcy in 30 days.Hawaiian Telcom made the statement Thursday when announcing its reorganization plan has been approved by the state Public Utilities Commission.
The company says it must now finalize agreements and documents that are necessary to exit Chapter 11. It filed for bankruptcy protection in December 2008.
In June 2009, Hawaiian Telcom filed a reorganization plan that it says reduced its debt from $1.1 billion to $300 million.
U.S. Bankruptcy Court orally confirmed the plan last November and issued its written confirmation Dec. 30.
Federal helping Big Island energy company
An energy company on the Big Island will receive a $5 million loan guarantee from the federal government to help finish construction of a manufacturing plant in Kawaihae.The announcement was made Thursday in a Washington news release by Hawaii’s Democratic U.S. Sens. Daniel Inouye and Daniel Akaka.
Big Island Carbon’s $25 million plant will convert discarded macadamia nut shells into a product that can generate power, filter air and purify water.
Plans call for the company to buy about 10,000 tons of more than 20,000 tons of shells produced annually on the Big Island to convert into 1,000 tons of granular activated carbon.
Big Island Carbon will power its own operations. Any excess biofuel or gas will be sold on the island.
State collects $100M in unpaid taxes
The Hawaii Department of Taxation says it has collected more than $100 million in taxes owed to the state through a delinquent tax collection program.The department applied computerized tracking technology to a database of businesses and individual tax filing records to identify companies and people who failed to file some or all of their required tax returns.
It carried out the program through a contract with CGI Technologies and Solutions.
Hawaii Real Estate Blog 