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CASTLE AND KANEOHE RANCH SALE


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Sellers anticipate taking in $600 million

Kailua's commercial and retail centers other holdings in Windward Oahu are being offered to select investors

By Kristen Consillio

POSTED: 01:30 a.m. HST, Jul 16, 2013

~~<p>Kaneohe Ranch and the Harold K.L. Castle Foundation's holdings of more than 60 properties are expected to sell for as much as $600 million.</p>
<p>The properties on about 600 acres that include most of Kailua's retail center are being offered as one or two packages &mdash; splitting the mainland and Hawaii assets &mdash; and will likely fetch a combined price in the mid-$500 million to low-$600 million range, according to a source close to the deal who asked not to be identified.</p>
~~

Kaneohe Ranch and the Harold K.L. Castle Foundation's holdings of more than 60 properties are expected to sell for as much as $600 million.

The properties on about 600 acres that include most of Kailua's retail center are being offered as one or two packages — splitting the mainland and Hawaii assets — and will likely fetch a combined price in the mid-$500 million to low-$600 million range, according to a source close to the deal who asked not to be identified. Login for more...



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