Alexander and Baldwin

What’s Growing On at Mahi Pono

The tide is turning on the “wait and see” attitude many had toward Maui’s newest major agricultural land owner, Mahi Pono. The company bought 41,000 acres of central Maui land from Alexander & Baldwin in December for $262 million after the longtime sugar grower decided in 2016 to get out of the agriculture business and focus on commercial real estate. Now Mahi Pono is following through on community farm plans, revealed its first farm plan to grow fruits and vegetables, and broke ground thi [...]

A & B Reinvests Maui Ag Land Proceeds in Hawaii

Alexander and Baldwin, Inc. is turning from agriculture to grocery-anchored shopping centers. After the sale of 41,000 acres of mostly sugarcane farmland on Maui to Mahi Pono in 2018, A & B has made a series of commercial investments. The new acquisitions include: $66.5 million for three Class-A warehouse buildings in Kapolei; $42 million for a ground lease under the Home Depot store in Iwilei, Oahu; $41 million for an industrial ground lease in Kapolei; $17.75 million for Waipouli Town Ce [...]