A&B Properties

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  • A&B Properties to Acquire Kahala Properties from Kawamoto

    In an off-market transaction, A&B Properties, the real estate subsidiary of Alexander & Baldwin, has paid approximately $98 million to acquire a portfolio of 31 residential properties from Japanese real estate investor Genshiro Kawamoto. Twenty-seven of the properties are located on Kahala Avenue, Honolulu's premier residential address, which spans along the ocean from Diamond Head to Waialae Country Club, home of the Sony Open, and the world-famous Kahala Hotel & Resort.

    Honolulu 14 September 2013 03:59
  • A&B’s The Collection Condominium High-Rise in Kakaako Draws Good Response from Buyers

    A&B Properties’ latest condominium development slated to rise at 600 Ala Moana Blvd. in Honolulu’s Kakaako neighborhood has registered strong sales. According to the Pacific Business News, about 60 percent of the 397 units in The Collection have been sold during the opening sales weekend.

    Honolulu 03 September 2013 04:14
  • A&B Properties to Acquire West Oahu’s Pearl Highlands Center for $141.5M

    A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has agreed to acquire the Pearl Highlands Center in Pearl City for $141.5 million.

    Honolulu 11 June 2013 05:40
  • A&B Properties Acquires West Oahu Shopping Mall for $29.8M

    A&B Properties Inc., the real estate subsidiary of Honolulu-based Alexander & Baldwin, has acquired the 170,275 square-foot Waianae Mall in Leeward Oahu from TNP Strategic Retail Trust Inc. The $29.8 million purchase price included the assumption of a $19.7 million mortgage, at a 5.4 percent interest rate. "The Waianae Mall acquisition redeploys proceeds realized from a July 2012 land sale, on a tax-advantaged basis, into a favorably priced, significantly higher income-generating commercial property on Oahu," said Christopher J. Benjamin, A&B's president & chief operating officer.

    Honolulu 28 January 2013 06:27