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650 ACRES SOLD


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A&B buys swath of Kailua town

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 21, 2013

~~<p>A Hawaii public company with major financial power and development experience is going to be the new dominant owner of commercial property in Kailua, though the firm said it won't be moving fast to redevelop what is still largely a bedroom community.</p>
<p>Alexander&nbsp; &amp;&nbsp; Baldwin Inc. is buying nearly all the Oahu real estate owned by Kaneohe Ranch Co. and the Harold K.L. Castle Foundation -- roughly 650 acres -- in a $373 million deal announced Wednesday.</p>
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A Hawaii public company with major financial power and development experience is going to be the new dominant owner of commercial property in Kailua, though the firm said it won't be moving fast to redevelop what is still largely a bedroom community.

Alexander  &  Baldwin Inc. is buying nearly all the Oahu real estate owned by Kaneohe Ranch Co. and the Harold K.L. Castle Foundation -- roughly 650 acres -- in a $373 million deal announced Wednesday. Login for more...



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