Alexander & Baldwin Inc. continued its buying spree of industrial real estate on Oahu with the purchase of 36 acres used by the Honolulu Authority for Rapid Transportation to mold concrete.

The Honolulu-based real estate investment trust said it completed the purchase Wednesday for $41 million.

Under the deal, the city has use of the property through 2025 for fabricating and storing precast concrete components for its rail guide way system.

A&B earlier this year bought a 93,000-square-foot warehouse complex in Kapolei for $26.5 million and a 150,000-square-foot Kapolei warehouse for $40 million.

The three purchases, along with the acquisition of land under a Home Depot store in Iwilei for $42 million, were made with proceeds from A&B’s December sale of 41,000 acres of Maui farmland for $262 million. The acquisitions allow the company to avoid being taxed on the Maui farmland sale because proceeds are reinvested in other real estate.

ON THE MOVE

University of Hawaii at Manoa has named Dr. Hugo Higa assistant clinical professor for the Department of Surgery at the John A. Burns School of Medicine. Dr. Higa is an ophthalmologist and oculoplastic surgeon and owner of Surgery Center of the Pacific at Hale Pawa’a; with offices at the Pan Am Building and Pali Momi Center and patients at Waianae Coast Comprehensive Health Center.

AHL has announced the following new hires to its firm:

>> Vincent Au as a designer, previously a lead designer for Montage Decor. His project experience includes residential projects from schematic design to construction. He is currently working on the Mandarin Oriental Honolulu.

>> Austin Chun as a designer, previously a junior architect at AM Partners Inc. His current project experience includes the state DAGS-managed office buildings and parking statewide master plan, and Hawaii Pacific Health Straub Clinic and Urgent Care at Ka Makana Alii.