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Alexander & Baldwin, Inc. Reports Second Quarter 2021 Results

Alexander & Baldwin, Inc. Reports Second Quarter 2021 Results
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Alexander & Baldwin's Maui Business Park Maintains Strong Sales Momentum Through COVID-19

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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 ....

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Alexander & Baldwin, Inc. Reports Fourth Quarter and Full-Year 2020 Results

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HONOLULU, Feb. 25, 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 fourth quarter and full-year of 2020.
Chris Benjamin, A&B president & chief executive officer stated: We began 2020 focused on advancing our strategic agenda and are pleased by the progress made despite the obvious hurdles imposed by COVID-19. Fourth quarter 2020 results highlight continued recovery of our commercial real estate ( CRE ) collections while full-year 2020 results reflect positive momentum in asset monetization and Grace Pacific performance. Our portfolio of needs-based retail, industrial and ground leases has shown resilience over the course of the COVID-19 pandemic, with year-end occupancy down only 40 basis points from 2019 and fourth-quarter collections at 85%. ....

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