A&B’s Lau Hala Shops in Kailua, Oahu was awarded NAIOP Hawaii’s 2020 Kukulu Hale Award for Commercial Renovation! Lau Hala Shops is an adaptive reuse of the former Liberty House Department Store in Kailua. Transformed from an enclosed building to an open-air lifestyle center that embraces the community’s history and outdoor culture, Lau Hala Shops provides a vibrant mix of retailers, eateries, and services. In addition, A&B’s Kamalani residential project in Kihei, Maui, which was developed to provide residential workforce housing to the Maui community, was honored as a distinguished entry in the competition. Congratulations to the Lau Hala Shops and Kamalani teams!
A&B is proud to release its inaugural Corporate Responsibility Report, which reflects the Company’s environmental, social and governance (ESG) initiatives and progress. We are pleased to highlight the variety of ways in which we demonstrate our ESG commitments, as we strive to be Partners for a Sustainable Hawaii.
We are proud to have played a role in early May in the Retail Reopening Committee that put together the “Hawaii COVID-19 Retail Reopening Guide,” a plan for the phased reopening of retail operations. A&B CEO Chris Benjamin and SVP of Asset Management Kit Millan collaborated with several other business leaders, retailers, landlords and retail associations (including Zippy’s, Kamehameha Schools, Island Insurance, Hawaii Executive Collaborative, etc.) to put together these guidelines. As stated in the following Hawaii Business Magazine article, the diversity of perspectives was valuable because the existing guidance wasn’t responsive to the needs of all stakeholders.” The plan sought to incorporate safety guides from the CDC and Johns Hopkins University, as well as reopening plans from other states and countries, to do what was best for Hawaii’s safety and economy.
Pandemic and protest. Recession and rioting.The first half of 2020 pulled no punches.
Hawai‘i dodged the worst of the pandemic, and we haven’t yet had any riots, but the situation is dire. Massive unemployment, sinkholes in the state budget and crippling uncertainty.
The scale of our crisisis compounded by infighting. In a time when we need to work together, we seem more divided than ever. How can we achieve unity?
Since statehood, Hawai‘i has been dependent on corporate and government bureaucracies to manage social, economic and political relationships. In crisis, these organizations are not always responsive enough.
Yet in the midst of chaos, an alternative form of organization is serving important needs. Networks are forming around common goals, interests and principles. Members of these networks are coming together to help people in need, kick-start the economy and pave the road to a sustainable future.
These networks are flexible and decentralized. They bring together representatives from many organizations. And they provide an alternative way to get things done. Here are three.
Networked Around a Goal: Every1ne Hawaii and #Masks4All
Every1ne Hawaii came together in November 2019with the goal of increasing civic engagement. At its core were nine friends: Alx Kawakami, Kimo Kennedy, Robert Kurisu, Jeff Laupola, Ryan Matsumoto, Zak Noyle, Dr. Darragh O’Carroll, Nicole Velasco and Keoni Williams. The core group planned to work with a network of community partners and social influencers to drive voter turnout in the 2020 election.
When the pandemic arrived, workplaces and county governments required face masks, but stores were sold out. Every1ne Hawaii pivoted to a new goal: distributing free masks. During their #Masks4All campaign, the group raised funds, ordered 2 million masks from a factory in China, and worked with friends, family and community partners across the Hawaiian Islands to distribute them.
These community partners reached out to their networks, activating more people. Hundreds of people participated in what Velasco calls “the ultimate coconut wireless.” This network allowed Every1ne Hawaii to solidify a statewide distribution network within three days of receiving the masks on O‘ahu.
On Maui, the group partnered with the Nisei Veterans Memorial Center, Kai Lenny and Ian Walsh to distribute 160,000 masks. Lenny, Walsh and Deidre Tegarden of the Nisei Veterans Memorial Center used their networks to get the job done.
Darryl Oliveira of HPM Building Supply had a connection with the Hawai‘i Army National Guard, which helped fly 200,000 masks by helicopter from O‘ahu to Hawai‘i Island. Every1ne Hawaii reached out to Janice Ikeda of Vibrant Hawai‘i, which led the distribution on that island and was supported by Kūha‘o Zane.
“Everybody stepped up and found a way to help,” Velasco says. “There’s no way that we could do this with nine people. Truly, hundreds of people have helped to make this possible.”
Every1ne Hawaii is now returning to its original goal, increasing civic engagement. The core group members plan to use their existing relationships as the basis for ongoing collaboration, working with social influencers and community partners to spread awareness about voter registration.
“At the core, I think we’re people-focused,” Williams says. “Everyone in the group is focused on helping others overcome their own limitations. It’s about calling on people to do more than what they think they’re capable of as an individual. At scale, it’s about partnering organization to organization to do more than what a single organization can do.”
Networked Around Economic Interests: The Retail Reopening Committee
In early May,a committee of landlords, retailers, business leaders and retail associations created a plan for the phased reopening of retail operations.
The committee included representatives from the Hawai‘i Restaurant Association, Retail Merchants of Hawaii, Outrigger Enterprises, the real estate investment trust Washington Prime, Macy’s, Howard Hughes Corp., Hawai‘i Executive Collaborative, The MacNaughton Group, FCH Enterprises (Zippy’s), Kamehameha Schools, Atlas Insurance, Island Insurance, Brookfield Properties and Alexander & Baldwin.
Lynelle Marble, executive director of the Hawai‘i Executive Collaborative, saw a need to coordinate efforts to avoid duplication. “Restaurants and retailers were working on their individual checklists, but they were looking for an overarching agenda,” Marble says. “Everyone agreed to work on a guide that would provide overarching policies and protocols.”
Committee members met for the first time on May 6. Within 48 hours, they produced the “Hawai‘i COVID-19 Retail Reopening Guide.” They sent the guide to retailers and restaurants, the mayors, the governor and the state’s recovery navigator, Alan Oshima.
A&B CEO Chris Benjamin recognized that his company would have a big role in the reopening effort. A&B is Hawai‘i’s largest grocery-anchored retail property owner, and a safe and speedy reopening was vital for its tenants.
Kit Millan, A&B’s senior VP of asset management, was already in touch with landowners and retail tenant associations. Millan had read the CDC and Johns Hopkins University reopening guides and was researching the reopening plans of other states and countries. When the group formed, he shared the resources he’d been working on.
Members of the committee provided feedback and suggestions, each offering a different perspective. The diversity of perspectives was valuable because existing guidance wasn’t responsive to the needs of all stakeholders.
Tina Yamaki, president of the Retail Merchants of Hawaii, was dissatisfied with some reopening guidelines produced by government agencies and committees that “didn’t have experience in retail operations.”
Many of these plans were designed with grocery stores in mind, but they weren’t responsive to the needs of local businesses like clothing stores or crack seed shops. Yamaki wanted a simple, visual guide to reopening that would reflect the needs of the diverse retailers in her association.
The final product was only seven pages, with color-coded visuals explaining which businesses should be allowed to reopen in each phase. Specific guidance was provided for different business types, including gyms and restaurants.
The committee convened with the limited goal of producing the guide, though ongoing collaboration will be needed to ensure safety, monitor health outcomes and respond to any resurgence of the virus.
The members of the committee will continue “to work collaboratively” because they are “bound by common interests,” Benjamin says. “COVID-19 doesn’t end when retail opens.”
Networked Around Principles: Uplift Hawai‘i
Uplift Hawai‘i describes itselfas an economic recovery platform bringing together organizations, individuals, coalitions and other COVID-19 recovery initiatives. The group’s “informal advisory committee” consists of AJ Halagao, Billy Pieper, Brent Kakesako, Claire Sullivan, Dawn Lippert, Dee Nakamura, Gavin Thornton, Ikaika Hussey, Josh Wisch and Keoni Lee.
The committee came together through a series of informal conversations. They recognized that because of the economic crisis, policymakers would face tough decisions. With input from others, the committee says it produced five principles to guide the economic recovery effort toward a more equitable and more sustainable future. They want to support:
The health and well-being of all Island residents
A healthy relationship with our natural environment
A diverse Island economy with more local business and a new model for tourism
Economic equity and community engagement processes
State and local government leadership
At the time of this writing, 100 organizations and more than 100 individuals have signed on to support the principles, the committee says. The committee plans to revise the list, with input from other Uplift Hawai‘i members; the expectation is that the revised principles will help influence
policy decisions.
Dawn Lippert, CEO of Elemental Excelerator, views the principles as a way to bring people together during the economic crisis to discuss and make decisions about the future of Hawai‘i.
“This is an imperfect set of principles,” Lippert admits. “Any plan will be imperfect. The best way to move forward is to get as many people as possible in the room and reflected in these decisions.”
Gavin Thornton, executive director of the Hawai‘i Appleseed Center for Law and Economic Justice, says that a set of shared principles can help decision-makers push through policy gridlock. In his policy work, Thornton has watched people “beat heads against a wall year after year.” He’s seen “countless reports, countless plans.” The task now is to find a plan people can agree on.
Billy Pieper is a VP at Barclays, the international financial services company, where he oversees the Hawaiian Airlines World Elite MasterCard program. He believes principles can guide community leaders to better decisions. “Values and principles shape decision making,” Pieper says. “Leaders are hungry for this.”
Ikaika Hussey, an organizer for Unite Here Local 5, views Uplift Hawai‘i’s principles as emerging from Hawaiian culture. They reflect what the Native Hawaiians “figured out over thousands of years,” he says.
Hussey and Keoni Lee were also involved in writing the ‘Āina Aloha Economic Futures Declaration, a set of shared principles backed by an extensive network.
Uplift Hawai‘i includes the Economic Futures Declaration in its “potluck of resources,” a collection of presentations, reports, fact sheets and vision statements related to its objectives. Uplift Hawai‘i says it intends to support other efforts to create change and serve as a bridge between them.
Of course, agreeing on principles is easy. The hard part is translating those principles into policy. Our legislators share this task with Alan Oshima, the state’s economic and community recovery navigator appointed by Gov. David Ige.
New Networks
Oshima views the recoveryas “a play with an ensemble cast and no lead actor.” To make it through the recovery, he says, we’ll need to manage expectations, support safety nets and listen to different voices.
As navigator, Oshima has convened 18 economic sector groups to provide input in the recovery planning process. He’s working with these groups to strengthen existing ties and establish new connections between leaders in unrelated economic sectors. These new networks will facilitate collaboration and stimulate innovation during the recovery, he says.
Oshima says we shouldn’t “build an economy that looks like now, just bigger and better.” Instead, we need to take “an inventory of the new world.” Because of technological improvements in telework, telemedicine and remote learning, Hawai‘i’s “geographical isolation is no longer an impediment.”
“We already know how connected we are to each other,” Oshima says. “But connectivity has revealed our fragility. (After hurricanes) Iniki and Iselle, the damage was localized. The effect of the pandemic has been huge.
“We’re looking for sustainable fixes, not quick fixes. It can’t be what’s good for me, it’s got to be what’s good for us.”
Hale Makua has been providing essential care and housing services for Maui’s kupuna for decades. With over 25 years as one of our longstanding nonprofit partners, A&B was proud to underwrite the costs to upgrade Hale Makua’s COVID-19 screening tent to a beautifully constructed wooden hut called “Da Hale.” Read all about the new upgrades on their website post here.
A&B President & CEO, Christopher Benjamin, talked with Nareit in connection with its REITweek: Virtual Investor Conference, held June 2-4, 2020. He discussed A&B’s response to COVID-19, and indicated that A&B was able to demonstrate many of its historic environmental, social, and governance (ESG) strengths, including its commitment to its community and employees.
Alexander & Baldwin Reduced Its Carbon Footprint Amid COVID-19
Christopher Benjamin, president and CEO of Alexander & Baldwin (NYSE: ALEX), participated in a video interview in conjunction with Nareit’s REITweek: Virtual Investor Conference (held June 2-4).
Benjamin said that because Hawaii is an isolated chain of islands, it was able to do a great job of containing COVID-19 by cutting off the flow of tourists entering the state. With tourism vital to Hawaii’s economy though, and with Alexander & Baldwin serving as the largest owner of grocery and drug-anchored retail in the state, he said the challenge now is how to approach reopening in a safe manner.
“The good news is we can open up locally and remain very safe,” he said. “We have essentially a safe travel bubble between the islands that we can operate in.”
Benjamin said that COVID-19 has allowed Alexander & Baldwin to demonstrate many of its historic environmental, social, and governance (ESG) strengths, including its commitment to its community and employees, while also allowing the REIT to strengthen other areas like reducing its carbon footprint. He said that as a founding member of the Hawaii Sustainability Business Forum, Alexander & Baldwin has been involved in the discussion about how to preserve and protect environmental advances that have been made due to COVID-19.
Benjamin added that Alexander & Baldwin’s tenants range from essential businesses to national brands to local companies, so the REIT has been having one-on-one conversations with tenants to best keep them apprised throughout the pandemic.
Benjamin also said that all of Alexander & Baldwin’s centers were open as of late May and that the REIT was collecting the majority of its rent, but that some tenants inevitably won’t be able to weather the financial hardship.
“An interesting potential play [though] is the notion of de-urbanization as people go to more remote working,” he said. “We’re certainly going to be very focused on identifying those shifts that take place as a result of COVID-19…and try to take advantage of [them] in our portfolio.”
The U.S. Supreme Court issued a landmark ruling on June 15 that protects gay and transgender workers from workplace discrimination under Title VII of the Civil Rights Act.
In Hawai‘i, state law already made it unlawful for employers to discriminate because of sex (including gender identity or expression) or sexual orientation. Emily Marr, assistant general counsel at the Hawaii Employers Council, explains the significance of the federal decision and offers legal insights into how employers can prevent discrimination in the workplace.
Why is the Supreme Court’s decision in Bostock v. Clayton County significant?
The Bostock case is actually a consolidated case composed of three different cases heard by lower courts. In each case, an employee alleged their employer fired them simply for being a homosexual or transgender person and sued under Title VII of the Civil Rights Act of 1964. Title VII, which applies to employers with 15 or more employees, makes it unlawful for employers to discriminate based upon certain protected characteristics, including sex.
However, the term “sex” was not defined by Title VII, and the question before the Supreme Court was to determine whether Title VII’s ban on discrimination because of “sex” includes gender identity and sexual orientation. On June 15, in a 6-3 decision, the Supreme Court held that an “employer who fires an individual merely for being gay or transgender violates Title VII.”
Bostock is a landmark decision for civil rights and employment law. Before Bostock, civil rights protections for gay or transgender individuals at work were dependent on state law. While Hawai‘i employers were already prohibited from discriminating against employees on the basis of sexual orientation or gender identity, this is an important time for employers to ensure they understand the laws and are promoting an inclusive workplace for all employees.
Are companies allowed to use the religious convictions of their owners as a reason for firing openly gay, lesbian or transgender employees?
None of the employers in Bostock argued that compliance with Title VII would infringe upon their religious liberties, so the decision does not squarely tell us how the courts would decide this question. It seems inevitable that, after Bostock, employees will argue that Title VII’s prohibition against gay and transgender discrimination cannot be nullified by an employer’s assertion of a sincerely held religious conviction.
However, as the Bostock court decision noted, employers have a number of defenses to such claims, including: Title VII’s statutory exception for religious organizations; the First Amendment; and the Religious Freedom Restoration Act of 1993. The Bostock ruling described the RFRA as a “super statute” that “might supersede Title VII’s commands in appropriate cases.”
Ultimately, however, the Bostock decision observed that “how these doctrines protecting religious liberty interact with Title VII are questions for future cases.” So, at this point, whether employers will prevail if they use a sincerely held religious conviction to justify firing openly gay, lesbian or transgender employees remains to be seen.
Can religious organizations, such as churches or private religious schools, use their religious mission as a reason for firing openly gay, lesbian or transgender employees?
As mentioned above, Title VII does contain a religious organization exception. This exception allows religious organizations – i.e., institutions whose “purpose and character are primarily religious” – to give preference to members of their own religion. However, the Equal Employment Opportunity Commission has made clear that this exception does not allow religious organizations to otherwise discriminate in employment on the basis of a protected Title VII category.
What happens if my employees harass other employees because they are openly gay, lesbian or transgender?
Employers should not tolerate this behavior. In addition to creating poor workplace morale, this type of behavior is legally actionable if it rises to the level of creating a hostile work environment. To avoid this situation, employers should take a proactive approach to developing and maintaining a welcoming workplace. Employers should also demonstrate their commitment to conducting fair investigations and implementing appropriate discipline if harassment does occur.
What steps should I take to prevent such harassment?
Employers can meaningfully prevent harassment against gay, lesbian and transgender employees by implementing clear and effective equal employment opportunity policies. Employers should provide training and have discussions with management and HR to ensure everyone involved in the hiring process understands and appropriately enforces the policies.
As with any other form of discrimination, employers should make sure that all employees are aware that any behavior that creates a hostile environment, such as verbal harassment, will not be tolerated. Educating employees on sexual orientation, gender identity, and transgender-related issues will help cultivate sensitivity and convey the employer’s commitment to equality in the workplace. Employers should also train personnel responsible for handling internal complaints on proper responsive techniques, including investigation and discipline.
Promoting inclusivity in the workplace is always important, and this landmark decision should prompt some employers to take a close look at their policies and culture to ensure they are prioritizing diversity and inclusion in any initiatives. Listen to your LGBTQ employees to learn how you can help them feel supported and secure at work.
Alexander & Baldwin is proud to support the Maui Fire Department and offer them protection during the COVID-19 crisis. With the collaboration of our Director of Environmental Affairs Sean O’Keefe and Maui VP Carol Reimann, we were able to get unused PPE equipment from Pu‘unene Mill into the hands of first responders. Over 250 pieces of PPE were donated including safety glasses, respirator filters, gloves and hazmat suit pieces. Mahalo to all first responders!
Despite the turbulent times, the owners of Donut King Hawaii forged ahead and opened their latest donut store at Alexander & Baldwin’s Kailua Shopping Center, where they have been warmly welcomed by customers.
Donut King Open for Business at Kailua Shopping Center
Donut King, a family-owned business, opened its doors at Kailua Shopping Center at 6 a.m. today to a line of customers in the midst of the coronavirus pandemic.
The shop, which occupies the space formerly occupied by Grylt at the center, is the second location forDonut King, which has a location at Market City Shopping Center in Kaimuki.
Family member Sophy Son said she was “very happy” that the store was able to open this morning after receiving clearance from a virtual inspection by the Hawaii Department of Health. The lease for the space had been signed before the pandemic’s stay-at-home orders began, according to property owner Alexander & Baldwin.
The donuts are hand-prepared and cut every morning, and popular hits, including the maple bacon donuts, were available, along with sprinkled donuts, glazed twists and croissants.
Kaipolani Fake of Kailua saw that the shop was open on her way back from a walk on the beach, and decided to pick some up on the way home.
She agreed that donuts were essential.
“Absolutely, especially for Kailua,” she said. “I miss having fresh donuts in Kailua. We got our workout in already, and donuts make people happy.”
She said she missedAgnes’ Portuguese Bake Shop, which closed in 2018 after nearly 50 years in business, as well asCraig’s Bakerywhich was open decades ago.
Emalia Cobb-Adams of Kailua stood in line, as well, after hearing through friends that it was opening.
“I’m excited to try it,” said Cobbadams. “The last one I really remember was Agnes’ and then Craig’s before that, We need a good mom-and-pop shop.”
The Kailua Donut King shop will be open from 6 a.m. to 3 p.m. daily for the time being. Visitdonutkinghawaii.comor follow@donutkinghawaiion Instagram and Facebook for updates.
On March 28th, the Waianae Coast Comprehensive Health Center and Hawaii Foodbank along with many partners and volunteers came together to provide food items to the Leeward Coast community at Alexander & Baldwin’s Waianae Mall. Over 50,000 lbs. of food was distributed to 514 families providing free-shelf stable food items to over 2,800 adults and children. A&B was proud to be the site partner location and provide much needed cones through Grace Pacific for this drive-thru community food distribution.
Our retail centers remain open providing essential services including groceries, healthcare, pharmacies, delivery and take-out food and financial services.
The list below features restaurants at A&B’s properties on Oahu, Big Island, Kauai and Maui that are currently open for take-out and delivery services. All of Hawaii’s local businesses and restaurants need our support more than ever during this tough time.
Please make sure you call ahead to check with the establishment, as their status and hours of operation may constantly be updated. List is subject to change at any time.
A&B’s 150-year history traces an extraordinary evolution, growing from a partnership that cultivated Hawaii’s land into a diversified company that became one of America’s leaders in agriculture, ocean transportation, and land stewardship and development. Today, as a real estate investment trust and Partners for Hawai‘i, A&B is committed to utilizing its long history, deep relationships and extensive resources to improve Hawaii’s communities and create value for all of our stakeholders. By embracing innovation, like our founders, we will transform our organization and make it more effective in addressing new challenges and opportunities in an ever-changing business environment.
Kukui‘ula debuts its 18-hole, Tom Weiskopf-signature golf course, $100 million clubhouse, spa and other amenities.
Massimo Zanetti Beverage, USA, the owner of Hills Bros., acquires the Kauai Coffee assets and leases the coffee plantation land.
A Culture of Sharing
From our founders’ humble beginnings in 1870, A&B has forged a lasting legacy of charitable giving that is perpetuated by the successful activities of our businesses and the generosity of our employees. This culture of sharing is rooted in our mission and values as a kama‘aina company; we have both a responsibility to sustain and an opportunity to help shape the communities we serve. Nearly five decades ago, A&B’s board of directors made a commitment to dedicate a portion of the company’s pre-tax income for charitable gifts.
Lifeline to the Islands
Beginning with the voyage of its first ship in 1882, Matson Navigation Company has provided a vital lifeline to Hawaii, carrying cargo between the islands, the U.S. mainland and ports in the Pacific and Asia. The company led the way in maritime innovation, including the introduction of containerization in the Pacific. Through the mid-1900s, Matson played a significant role in Hawaii’s growing tourism industry, building four passenger liners and four Waikiki hotels that catered to a growing market of travelers. Matson vessels were called into military service during World War I and II, carrying thousands of troops across the globe. After owning an interest in the company for nearly six decades, A&B acquired 100% interest in Matson in 1969, which remained an A&B subsidiary until the two companies separated in 2012.
From Stream to Field
Dating back to 1878, East Maui Irrigation Company’s 74-mile system of ditches, tunnels, siphons and flumes was an engineering masterpiece that shaped irrigation projects in Hawaii and the western United States. Water collected from East Maui’s watershed sustained HC&S sugarcane fields for decades and continues to supply water to Upcountry Maui residents and farms through deliveries to Maui’s Department of Water Supply. EMI’s pioneering role was recognized in 2002 when its ingenious system was designated a National Historic Civil Engineering Landmark.
Hurricane Iniki slams the island of Kauai on September 11, impacting many A&B employees and other residents. Except for the crops in the field, most of A&B’s operations were spared or properly insured. Matson and A&B’s Kauai Commercial Co. trucking subsidiary played a significant role in transporting relief supplies. A&B’s 580 acres of macadamia orchards were lost to the high winds.
Wailea Development Company, Inc. is sold to Shinwa Golf Group for $197.5 million. In 2003, A&B repurchases Wailea’s remaining 270 acres of entitled, undeveloped land from Shinwa for $67.1 million.
Plantation Life: Cultivation of Diversity
The islands’ sugar industry was like no other in cultivating the extraordinary cultural diversity that Hawaii has enjoyed for generations. As waves of immigrants arrived from such distant lands as China, Japan, Korea, Portugal, Puerto Rico and the Philippines to work on sugar plantations and forge a better life, they contributed to the rich melting pot of foods, traditions and language that make up the fabric of island life today.
Seeds of Growth
Rarely has an industry so shaped and influenced a place as the sugar industry did in Hawaii for more than 200 years. Hawaiian Commercial & Sugar Company (HC&S) was a significant force in the industry and in Maui’s economy over its entire life span. It was known to be an innovator in the industry. The company was one of Maui’s largest employers and the state’s last remaining sugar business when its Puunene Mill closed in 2016, marking the end of an era.
Building Communities
Over the last seven decades A&B has opened doors to home ownership across the Islands, starting in Kahului, Maui, where two sons of Henry Baldwin envisioned a modern, master-planned community of homes, businesses, schools and recreational facilities so that company employees and others could share in the American dream of owning a house. The first residents moved into this “Dream City” in 1950. Building upon its success, A&B has completed residential projects small and large, from Kauai to Hawaii Island; developed the expansive master-planned communities of Wailea and Kukui‘ula; and proven its expertise in building high-rise residential condominiums in Honolulu.
Diversity Under One Roof
The historic Alexander & Baldwin Building is a study of diversity and ingenuity brought together in a complementary whole. It is distinguished by subtle Chinese motifs as well as Mediterranean, Italian Renaissance, Buddhist, Tibetan, Japanese and Hawaiian elements and ornamentation, and it remains one of the most attractive buildings in Hawaii. Designed to suit its tropical climate and geography, it was built with some of the finest materials at the time and featured innovative plumbing and ventilation systems. Careful repairs, refurbishment and system upgrades in recent years have transformed the 90-year-old building into a modern and efficient workplace while retaining its timeless grace.
A&B completes the migration of its commercial real estate portfolio from the U.S. mainland to Hawaii, making it the state’s largest grocery and drug-store anchored retail operator.
A&B converts to a real estate investment trust (REIT) and undertakes a comprehensive rebranding effort to provide clarity to its stakeholders. Adopts the new tagline “Partners for Hawai‘i” to reflect not only our focus on Hawai‘i, but our intent to work with local communities to achieve our mutual goals. The new logo was inspired by the motifs of A&B’s historic building’s architecture, the crest represents strength in history and solidarity through change.
A&B announces the cessation of sugar operations at HC&S, the last sugar cane plantation in the state, and the transition to diversified agriculture. Throughout the year, the stories and photos of the people who brought in this historic crop were captured in Cane – Hawaii’s Last Sugar Harvest, a documentation and tribute to the industry and the HC&S employees.
A&B expands renewable energy assets with a $24 million investment in a 12-megawatt solar facility on Kauai, which surpasses the company’s 6-megawatt Port Allen solar farm as the largest solar facility in the state.
A&B acquires the Hawaii portfolio of the Kaneohe Ranch/Harold K.L. Castle Foundation for $373 million. The portfolio includes 386,000 square feet of prime retail and light industrial space in the heart of Kailua. A&B acquires Pearl Highlands Center, Waianae Mall and Napili Plaza.A&B acquires 30 properties for $130 million located on Kahala Avenue in an off-market transaction. On October 1, A&B acquires Grace Pacific, Hawaii’s premier natural materials and paving company. A&B completes construction of Waihonua high-rise condominium.
A&B acquires six Hawaii properties, including Kaneohe Bay Shopping Center – the company’s first retail center on Oahu. Initiates development of its first Oahu condo in Waikiki.
Kahului Development Co., Ltd is established to develop “Dream City,” a residential community for A&B employees. The company changed its name to A&B Properties, Inc. in 1975.