Janis Magin

Honolulu

Editor-in-Chief at Pacific Business News

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Articles

Why 'fully fiber-enabled' is a big deal for Kauaʻi

2 weeks ago | hawaiipublicradio.org | Janis Magin

Kauaʻi this week became the first of the major islands in Hawaiʻi to be fully fiber-enabled. It's part of Hawaiian Telcom's plan to make Hawaiʻi the first state in the U.S. to be fully fiber-enabled by the end of 2026. Molokaʻi and Lānaʻi were the first islands to become fiber-enabled two years ago. The addition of Kauaʻi this week now means 65% of Hawaiʻi can have broadband internet access through a fiber-optic connection.
Kaiser Permanente buys The Maui News building to expand operations

3 weeks ago | hawaiipublicradio.org | Janis Magin

Kaiser Permanente is expanding its operations on Maui by buying a property next door to its Wailuku clinic. But that purchase will have a direct impact on the Valley Isle's oldest continuously published newspaper. Kaiser paid more than $13 million for a six-acre property that's near the Maui Memorial Medical Center. The seller was Ogden Newspapers. That's the mainland owner of The Maui News, which prints its newspaper there. But not for much longer. The Maui News said it will shut down the press.
Business accelerator Mana Up closing in on billion dollar dream

4 weeks ago | hawaiipublicradio.org | Janis Magin

A program that helps take companies that make products in Hawaiʻi to the next level in business is about to hit a big milestone. Mana Up will launch its 10th cohort next week with 10 Hawaiʻi companies looking to grow their businesses. Mana Up co-founder Meli James says her goal was to help grow 100 Hawaiʻi product companies that each make $10 million or more in annual revenue. That’s a billion dollars.
Here's why self-storage is a growth industry in Hawaiʻi

1 month ago | hawaiipublicradio.org | Janis Magin

The self-storage market in Hawaiʻi is growing. Companies are making deals to put more facilities across the state. A lot of the real estate deals for self-storage facilities in Hawaiʻi involve mainland investors and large national self-storage companies. For example, U-Haul has plans for new self-storage buildings on Kauaʻi and Oʻahu. On Maui, New Mexico-based DXD Capital is opening a new facility this year in Kīhei.
Dozens of workers face layoffs at Honolulu airport

1 month ago | hawaiipublicradio.org | Janis Magin

A company that provides services to the airlines at Honolulu's Daniel K. Inouye International Airport is ending its operations there. That means dozens of workers will lose their jobs. Seventy employees who work for Oshkosh Airport Services at the Honolulu airport will face job cuts next month. That's because the Wisconsin-based company says it's ending operations in Honolulu.
Veteran Hawaiʻi executive leads new hotel management group

1 month ago | hawaiipublicradio.org | Janis Magin

A company that manages more than a dozen hotels in Hawaiʻi has merged with a larger company to create a portfolio of nearly 300 properties. The combined company CEO may be a familiar face to Hawaiʻi's tourism community. The merger combines the resources of Hawaiʻi-founded Springboard Hospitality and Hotel Equities based in Atlanta. It creates a hotel management company that will operate a combined portfolio of nearly 300 hotels in the U.S., Canada, the Caribbean and Latin America.
Recovery in Oʻahu's retail real estate market is increasingly fragile

1 month ago | hawaiipublicradio.org | Janis Magin

Oʻahu's retail real estate market started this year with positive news. But a new report says the story of continued growth may not last. The report by Colliers Hawaiʻi says the retail real estate market on Oʻahu was finally moving past the COVID-19 pandemic in the first quarter. The vacancy rate dropped below 5.5%. That’s compared to nearly 6% a year ago and close to pre-pandemic levels.
In Hawaiʻi, manufacturing means food

2 months ago | hawaiipublicradio.org | Janis Magin

Manufacturing in Hawaiʻi is all about food. There’s a new facility on Oʻahu to help food entrepreneurs make and market their products. It's called the Wahiawā Value-Added Product Development Center. The center opened a year ago. The state and Leeward Community College built it with the goal of helping entrepreneurs develop and launch food and beverage products. Manager Chris Bailey said the idea for the center started to take shape nearly a decade ago.
Tariff jitters hit these Hawaii stocks the hardest - Pacific Business News

2 months ago | bizjournals.com | Joshua Mann |Janis Magin

New broad tariffs on imports to the U.S. are expected to push consumer prices higher — and investors are already backing away from the most exposed public companies. Hawaii's publicly traded companies have posted steep losses over the past two days as investors reacted to the Trump administration's tariff plan, with stock prices falling by double digits for some companies. The Dow Jones Industrial Average fell by 5.5%, or 2,231 points, on Friday, a day after losing nearly 4% or 1,679 points.
Zuckerberg, Bezos top list of Forbes billionaires with Hawaii homes - Pacific Business News

2 months ago | bizjournals.com | Janis Magin

There are likely many more billionaires who own homes in the Islands through limited liability companies that make it difficult to identify the actual owners. Some of the richest people in the world have homes in Hawaii or other ties to the Islands, including the second- and third-richest billionaires on the newest Forbes magazine list of the world's billionaires, Facebook co-founder Mark Zuckberberg and Amazon founder Jeff Bezos.