A&B completes the sale of Grace Pacific, one of Hawai’i’s largest asphalt paving contractors, materials, and infrastructure construction companies. The sale is the final step in simplifying A&B’s business model to operate as the preeminent commercial real estate company statewide.
A&B enters 50th year of offering scholarships to children of employees and retirees.October 10, 2022 in
Partners for Hawai‘i
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.
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.
Early sell-out of all tower and mid-rise units at The Collection project in Kakaako.
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.
On June 29, 2012, separation of A&B and Matson is completed.
A&B makes the long-term strategic decision to refocus its commercial portfolio back to Hawaii.October 10, 2022 in
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.