Business/In Brief • Nov. 21, 2013
A&B to buy Kailua land for $373M
HONOLULU – Major Hawaii landowner Alexander & Baldwin Inc. said Wednesday that it will buy hundreds of millions of dollars of commercial property in Kailua on Oahu’s windward side.
The $373 million deal, which also includes land in urban Honolulu and other parts of windward Oahu, is expected to close late next month, the company said in a news release.
The properties account for most of Kailua’s retail district and include grocery and drug- stores, strip malls, and light industrial areas, along with 585 acres of mostly preservation-zoned land and more than 50 acres leased to other entities for commercial development.
The properties are currently owned by the Harold K. L. Castle Foundation and Kaneohe Ranch, a company that manages real estate owned by the foundation and the Castle family.
HMAA invites Maui employers to event
Hawaii Medical Assurance Association will host an event for employers to learn more about the impact of the Affordable Care Act on their businesses.
The event will run from 9 to 11 a.m. Dec. 5 at the Cameron Center.
The program is open to all HMAA members and others interested in learning about health insurance alternatives.
Participants must RSVP by Nov. 29. To reserve a seat, send email to email@example.com. There is a limit of two representatives per company.
For more information, visit www.hmaa.com.