A&B completes entitlement of Maui Business Park II and sales at the 42-story Keola Lai condominium project in Kakaako.
A&B partners with The Nature Conservancy to create the state’s third largest nature preserve at Wainiha Valley on Kauai.
Matson launches new eastbound service, “China-Long Beach Express,” with four fast, efficient new ships.October 10, 2022 in
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
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.
A&B purchases its first property for development on the island of Oahu, paying $8 million for a 40-acre industrial-zoned property in Waipahu.October 10, 2022 in
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
Matson’s new Guam service starts – the largest single investment in the company’s history.
A&B acquires 72 percent portion of C&H Sugar Company that it did not previously own, making the company a vertically integrated food products company.
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
A&B purchases five mainland properties as part of a strategic initiative to diversify the company’s commercial real estate portfolio.
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.