Trustees Timothy E. Johns, TrusteeTrustee Johns was first selected as Trustee for the Parker Ranch Foundation Trust in June 2005. He was reappointed following Trust restructuring in December 2007. Johns was recently appointed President and Chief Executive Officer of the Bishop Museum. He formerly served as the Chair of the Hawaii State Department of Land and Natural Resources and as Chief Operating Officer of the Estate of Samuel Mills Damon. Johns was chairperson of the State Department of Land and Natural Resources having served as that department’s Deputy Director prior to being named chairperson. He has also served as Vice-President and General Counsel for AMFAC Property Development Corporation, been a Lecturer in Business Law at the University of Hawaii and Windward Community College and held the position of Director of Land Protection with the Nature Conservancy of Hawaii. Johns received his bachelor’s degree in history and business economics from the University of California , Santa Barbara , with honors. That was followed by a master’s degree in economics and Juris Doctor from the University of Southern California Law Center . His extensive community involvement includes active membership with the State of Hawaii Board of Land and Natural Resources, the Northwestern Hawaiian Island Coral Reef Ecosystem Reserve Advisory Council and the Rotary Club of Honolulu. Johns serves on the board of directors for Hawaiian Electric Company, Inc., Grove Farm Company, Inc., YMCA of Honolulu, Hawaii Nature Center, St. Andrew’s Priory School, Child & Family Services, Helping Hands Hawaii, ‘Ike ‘Aina, Diamond Head Theatre and Hawaii Public Television Foundation. http://prft.org/index.php/trustees/timothy_e._johns_trustee/  Reba McEntire, the country singer legend, took a private tour of the Parker Ranch on the Big Island, the largest (really!) working cattle ranch in the country and one of the last bastions of the paniolo lifestyle (although this paniolo stuff is unbelievably hyped). Parker Ranch has a rich history and is a fascinating place. The views from the slopes of Mauna Kea are truly amazing -- you have to see it to believe it. I highly recommend the horseback rides.
Parker Ranch sells shopping center
A Chicago-based commercial real estate firm, M&J Wilkow Ltd., pays an undisclosed priceStar-Bulletin staff
Parker Ranch has sold Parker Ranch Center, its regional shopping center on the Big Island, to an affiliate of Chicago-based commercial real estate firm M&J Wilkow Ltd. for an undisclosed amount. "M&J Wilkow has a highly successful national track record that spans more than six decades," said Chris Kanazawa, Parker Ranch's president and chief executive. "Under their ownership, Parker Ranch Center will continue to grow and serve the Waimea community." Located in the Big Island's historic upcountry town of Waimea, the 132,000-square-foot center is the community's retail hub, housing anchor tenants such as Foodland, First Hawaiian Bank, Bank of Hawaii, Kaiser Permanente, Starbucks, Blockbuster and the Parker Ranch Store. M&J Wilkow is expected to maintain the Parker Ranch Center's Western-motif architecture, which reflects the community's paniolo heritage, said Diane Quitiquit, a Parker Ranch vice president. "From what we've been told by them, that's definitely their interest," Quitiquit said. "They like the culture of Waimea; that's one of the things that interested them." ... Kanazawa said that proceeds from the sale will enhance the Parker Ranch Trust's ability to support its beneficiaries, which include North Hawaii Community Hospital, Parker School Trust Corp., Hawaii Preparatory Academy and the Richard Smart Fund. Founded in 1939, M&J Wilkow and its affiliates provide services to more than twenty-five properties in the United States with an aggregate value of approximately $800 million. They employ more than 100 people in Chicago, San Francisco, Atlanta, Minneapolis and other mainland cities. The Parker Ranch Center is its first Hawaii acquisition. "We appreciate being selected as the new owners and entrusted to protect the historical significance of the Parker Ranch Center," said David Harvey, partner of M&J Wilkow. "Our company understands the importance of maintaining the value of Parker Ranch Center to both the Waimea Community and tourism alike." Wells Fargo Bank subsidiary Eastdil represented Parker Ranch in the sale. 
Monday, October 17, 2005
Tokin, Moore join Parker Ranch boardPacific Business News (Honolulu)Parker Ranch Inc. has appointed business executives Arthur Tokin and Randolph Moore to its board. They replace John Andrews and Patrick Sullivan, who recently left the board of the Big Island for-profit corporation that manages the ranching and real estate operations of the 175,000-acre Parker Ranch. Tokin, until last December, was the managing partner at the Honolulu office of PricewaterhouseCoopers. He brings his expertise in strategic planning, financial accountability and corporate governance to the table. Moore is a financial analyst turned school teacher who is currently a project manager for the state Department of Education. He previously was president of Molokai Ranch Ltd. and vice president of the Harold K.L. Castle Foundation, before he became a teacher in 2001 at Central Middle School in Honolulu. Other board members include Matt Echeverria, Herber "Monty" Richards Jr. and Gary L. Gifford. In addition, trustees Mel Hewett, John Ray, Warren Haruki and Timothy Johns also serve on the board. All contents of this site © American City Business Journals Inc. All rights reserved. http://pacific.bizjournals.com/pacific/stories/2005/10/17/daily12.html 
Stryker projects on$164.5 million in Army construction
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Cost of the Stryker projects on Oahu and the Big Island is estimated at $693 million and could extend into 2010.
Borne said the Army can now enter into serious negotiations with the Richard Smart Estate to acquire 23,000 acres of Parker Ranch on the Big Island to be used as a maneuver area for the 19-ton, eight-wheeled Stryker vehicles.
Borne said up to $30 million may be spent to expand the 108,792-acre Pohakuloa Training Area. With more than 300 vehicles assigned to the 3,500-member Stryker unit, the Army needs an area as large as Pohakuloa to train together. It also will include a parachute drop zone.
Borne said all the 28 Stryker-related projects were placed on hold after Earthjustice, representing Ilioulaokalani Coalition, Na Imi Pono and Kipuka, went to federal court last August and challenged the results of the Stryker Brigade Combat Team's environmental impact statement.
Last week, Chief U.S. District Judge David Ezra rejected that Earthjustice complaint and a companion one challenging an agreement between the Army and Campbell Estate on the sale of 1,402 acres of land adjacent to Schofield Barracks along Kunia Road. The South Range land will be used as a training area, a new $50 million Stryker motor pool and a $5 million rifle and pistol range. Construction will begin this year.
Ezra's decisions mean the Army can resume transforming the 25th Infantry Division's 2nd Brigade at Schofield to the more mobile Stryker unit. One Stryker unit is already working in Iraq.
Earlier this year, an internal Army report said the vehicle bogs down in mud and the engine strains under 5,000-pound armor added by the Army. The report also said the armor's extra weight has caused problems with the automatic tire-pressure system, requiring crews to check the tires three times a day....
This summer at Hickam Air Force Base the Air Force will dedicate a $30 million facility, which will consist of three buildings for training, operations and maintenance and a flight simulator for a new C-17 squadron.
The first of seven C-17 jets will arrive in January from Boeing's Long Beach facilities. The C-17 is a critical portion of the Pentagon's humanitarian and strategic Pacific airlift operation, which includes being able to transport Schofield's Stryker Brigade Combat Team to any place in 96 hours.
The first two dozen vehicles should arrive at Schofield Barracks in May 2006. Eventually, the 25th Division will have 300 Stryker vehicles that can be outfitted in 10 different ways, with everything from a 105-mm cannon for a mobile gun system to a completely wired command center. Each Stryker costs about $1.5 million.
The tracked combat vehicles and another 810 soldiers will be assigned to the Tropic Lightning's 2nd Brigade, which last month completed a year's combat tour in Iraq.
The first soldiers seeking assignment to the Stryker brigade should arrive later this year, Borne said, as part of the Army's summer normal job rotations. By October, the 2nd Brigade will grow to more than 3,850 soldiers from 3,000.
The unit should be operational by May 2007, Borne added.
The Stryker, named after two Medal of Honor recipients, is the brainchild and legacy of retired Army Chief of Staff Gen. Eric "Ric" Shinseki. The Strykers, much lighter than the 67-ton M-1A1 Abrams tanks, were conceived to be easily deployed. They are the first new Army vehicle to enter service since the Abrams tank in the 1980s.
http://archives.starbulletin.com/2005/05/01/news/index12.html
Smart alleges accounting fraud
Pacific Business News
Multimillionaire Richard Smart recently sued a former "trusted adviser" and a major accounting firm for fraud in connection with contributions to charities.
Smart, the owner of Parker Ranch on the Big Island, sued Deloitte & Touche and Ralph S. Dobbins, formerly a trustee of the Richard Smart Revocable Personal Trust and before that an accountant at the firm.
It is alleged in Smart's suit that starting in 1979, Dobbins and Deloitte & Touche advised Smart to make millions of dollars in charitable contributions to take advantage of "significant tax deductions."
Smart's suit went on to say Dobbins and the accounting firm received substantial fees for the tax and financial advice.
Smart claimed in his suit to have discovered in November 1989 a loss of more than $3.6 million in charitable carryover tax deductions on contributions to the Parker School Trust.
According to depositions on file in the chambers of state Judge Marie N. Milks relating to this and previous litigation, Smart's personal worth is between $250 million and $300 million.
http://www.accessmylibrary.com/article-1G1-9276322/smart-alleges-accounting-fraud.html
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