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KAHULUI, Hawaii, May 7, 2021 /PRNewswire/ Alexander & Baldwin (NYSE: ALEX) (A&B), Hawaii s premiere commercial real estate company, today announced a large land sale and the expansion of its land offerings at its Maui Business Park development. Buyer interest in the retail, commercial and light industrial business park located near Kahului Airport has remained strong throughout the COVID pandemic. Since March of last year, A&B has sold 8.7 acres of land for $15.1 million.
Maui Business Park Phase II
Jeff Pauker, SVP, Investments Today s closing of the sale of five land parcels in Maui Business Park Phase II ( MBPII ) reflects continued buyer interest in this well-located project despite the challenges presented by COVID, said Jeff Pauker, A&B senior vice president, investments. In response to this sales momentum, A&B is bringing to market additional lands with exceptional frontage along Ho okele Street – Kahului s most active commer
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HONOLULU, April 29, 2021 /PRNewswire/
Alexander & Baldwin, Inc. (NYSE: ALEX) ( A&B or Company ), a Hawai i-based company focused on owning and operating high-quality commercial real estate in Hawai i, today announced financial results for the first quarter of 2021.
Chris Benjamin, A&B president & chief executive officer stated: We are off to a very good start in 2021 as Hawai i s economy is recovering steadily. Each of our business segments posted better results than expected in the first quarter, boding well for the balance of 2021. Our commercial real estate ( CRE ) business continued to strengthen thanks to improved tenant performance, with first quarter results reflecting a 17% increase in CRE Net Operating Income ( NOI ) over the prior quarter. The strategic and proactive approach we undertook with tenants over the past year to reduce occupancy risk has positioned us to benefit from this recovery, and we continue to work closely with our valued tenan
/PRNewswire/ The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a second quarter 2021 dividend of $0.16 (16 cents) per share, an.