Latest news with #Alexander&Baldwin
Yahoo
3 days ago
- Business
- Yahoo
Alexander & Baldwin to Participate in Nareit's REITweek: 2025 Investor Conference
HONOLULU, May 30, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, today announced that its management team will participate in Nareit's REITweek: 2025 Investor Conference in New York. A&B will present an overview of its business and operations, followed by a question and answer session. Alexander & Baldwin PresentationDate: Tuesday, June 3, 2025Time: 9:30 a.m. – 10:00 a.m. Eastern TimeEvent Link: Alexander & Baldwin Webcast The webcast may be accessed at the above link. A replay of the webcast will also be made available. Investor Materials for the conference scheduled for June 2–5, 2025, may be accessed on the Company's website at About Alexander & Baldwin, & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. Learn more about A&B at Contact:Jordan Hinojhino@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
5 days ago
- Business
- Yahoo
Alexander & Baldwin Announces New Development Project at Komohana Industrial Park
Construction of Two Class A Industrial Buildings Expands Industrial Inventory in Kapolei HONOLULU, May 29, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced it will redevelop a portion of its largest industrial asset, Komohana Industrial Park ("KIP") in Kapolei, O'ahu, with the construction of two Class A industrial buildings totaling approximately 121,000 square feet of gross leasable area ("GLA"). The project will replace an existing 16,000-square-foot building on 5.7 acres of land with a 91,000-square-foot build-to-suit distribution center that is pre-leased to Lowe's and a 30,000-square-foot spec build that could be divided into two 15,000-square-foot-units. Upon completion, KIP's GLA will increase 44% to approximately 343,000 square feet. Construction of the two buildings is expected to be completed in the fourth quarter of 2026. "We identified an opportunity to convert under-utilized yard area into new warehouse space, consistent with Alexander & Baldwin's strategy of using our existing inventory of industrial-zoned land to meet the needs of one of the tightest industrial markets in the U.S.," said Lance Parker, president and chief executive officer. "Once complete, Komohana Industrial Park will have nearly 350,000 square feet of GLA with additional land available for future development." "Our ability to pre-lease 75% of this expansion to a high-quality national retailer with a build-to-suit structure speaks to our development capability and demonstrates the strength of the Hawai'i industrial and retail markets," added Jordan Brant, senior vice president of leasing. "Local consumer preferences have evolved with buy-online-pick-up-in-store, and as a result, retailers continue to drive demand for high-quality industrial space to carry inventory and provide faster delivery times." ABOUT ALEXANDER & BALDWIN Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. FORWARD-LOOKING STATEMENTS Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, the evaluation of alternatives by the Company related to its non-core assets and business, and the risk factors discussed in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. The information in this release should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements. Learn more about A&B at Leasing Contact:Cheyne Menchcmench@ Media Contact: Tran Chinerytchinery@ Investor Contact:Jordan Hinojhino@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-04-2025
- Business
- Yahoo
Alexander & Baldwin Announces Ground Lease at Maui Business Park
HONOLULU, April 16, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced the execution of a 75-year ground lease for 4.7 acres at its Maui Business Park Phase II project in Kahului, Maui. The lease agreement is with a prominent self-storage developer. "I am pleased with the robust commercial activity and strong interest we continue to see at Maui Business Park," said Lance Parker, president and chief executive officer. "This long-term ground lease represents a capital-efficient approach to expanding our portfolio and transforming non-income generating land into a productive asset. With this new relationship, we have an opportunity to invest in the development of the asset as well. Alongside our ongoing build-to-suit development project, this agreement demonstrates our commitment to strategically enhancing our commercial real estate portfolio and delivering value to our investors, tenants, and the local community." ABOUT MAUI BUSINESS PARK PHASE IIMaui Business Park Phase II is a 125-acre, mixed-use development near the Kahului Harbor and Kahului Airport, with immediate and easy access to all parts of Maui Island. The park has successfully attracted national, regional, and local businesses, establishing itself as Maui's prime neighborhood retail and industrial submarket. Leasing and sales are underway for lots ranging from one-half to five acres located within an Opportunity Zone, affording potential tax deferral benefits to qualified land purchasers. For more information on parcels available for sale or leasing opportunities at Maui Business Park Phase II, visit or contact Bill Froelich at ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. FORWARD-LOOKING STATEMENTSStatements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, the evaluation of alternatives by the Company related to its non-core assets and business, and the risk factors discussed in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. The information in this release should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements. Learn more about A&B at Media Contact: Andrea Galvinagalvin@ Investor Contact:Jordan Hinojhino@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc.
Yahoo
29-03-2025
- Business
- Yahoo
Napili Plaza: Supporting Local Businesses and Community Growth
For nearly 35 years, Napili Plaza has been more than just a shopping center—it has been a gathering place for the West Maui community. With over 15 merchants, including coffee shops, boutiques, and dining establishments, the plaza continues to be a vital hub for locals and visitors alike. A Community Staple Michael Oh, Senior Property Manager at Alexander & Baldwin, highlights the plaza's significance: 'Napili Plaza serves as a place where locals and visitors come together for daily essentials, a quick coffee, or a sit-down meal with family and friends.' Conveniently located near Ka'anapali and Kapalua, the plaza remains an accessible and welcoming destination. Economic Impact and Recovery Efforts The businesses at Napili Plaza contribute significantly to the local economy, providing essential goods, services, and employment opportunities. Many of the merchants are family-owned, fostering an environment where entrepreneurs can thrive. In the aftermath of the Lahaina fire, Napili Plaza played a crucial role in supporting the community. 'The center and our merchants stepped up by providing much-needed aid, transitioning into an emergency response hub for first responders and a central distribution center for displaced residents,' Oh explains. Today, the plaza continues to aid in economic recovery efforts. Must-Visit Businesses at Napili Plaza Visitors to Napili Plaza will find a variety of unique experiences. Coffee lovers should stop by The Coffee Store for fresh Hawaiian coffee. For an unforgettable dining experience, Fond Maui, led by renowned Chef Jojo Vasquez, offers creative dishes that emphasize locally sourced ingredients and international flavors. Beyond dining, the plaza features an array of boutique shops offering island-inspired gifts and unique finds. Whether shopping for essentials or something special, Napili Plaza delivers convenience and a warm, welcoming atmosphere. Stay Connected To keep up with the latest events, specials, and new merchants, visit and follow Napili Plaza on social media. Stay informed and continue to support local businesses that make this community special! Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-02-2025
- Business
- Yahoo
Alexander & Baldwin Announces First Quarter 2025 Dividend
HONOLULU, Feb. 26, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced that its Board of Directors approved a first quarter 2025 dividend of $0.225 (twenty-two and ½ cents) per share. The dividend is payable on April 7, 2025, to shareholders of record as of the close of business on March 14, 2025. ABOUT ALEXANDER & BALDWIN Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets, four office properties, and 142 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. Learn more about A&B at Contact: Jordan Hino (808) 525-8475 investorrelations@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc.
