KS Newsroom

Kamehameha Schools and Alexander & Baldwin Announce Agreement for Residential Condominium in Kaka‘ako

Fri, 03 Feb 2012 11:29:39 -1000

Honolulu – A&B Properties, Inc., a subsidiary of Alexander & Baldwin, Inc. (NYSE:ALEX) (A&B) has executed an option agreement to purchase a development block in Kaka‘ako from Kamehameha Schools, on which A&B will initiate planning for the future development of a residential condominium tower. The property is located within Kamehameha Schools’ 29-acre Kaiaulu ‘o Kaka‘ako master plan, a plan that when completed, will offer a diverse community to live and work in and reflect Kaka’ako’s long tradition of innovation, hard work, good friends and good times. The property fronts Ala Moana Boulevard and is bordered by Keawe, South and Auahi streets. The site, formerly home to Comp USA, is adjacent to Kamehameha’s recently announced 60,000 square-foot specialty retail and village center, and would benefit from Kamehameha’s planned street-level improvements along Keawe Street. The property is entitled for high rise residential development, but may also include commercial space for businesses to serve the neighborhood. A&B expects its pre-development efforts will take several years and will not have any near-term impact on the existing tenants at the property.

A&B recently announced the opening of sales for Waihonua at Kewalo, its newest residential condominium project, located between Ala Moana Shopping Center and Ward Centers. “We are very pleased with the market response to Waihonua and look forward to bringing this product to market in the near future. The project with Kamehameha Schools is intended to follow the completion of Waihonua, and will allow A&B to continue its development of high quality residential communities within Honolulu’s urban core,” said Christopher J. Benjamin, president of A&B Properties. “The opportunity to work with Kamehameha Schools in Kaka‘ako is consistent with A&B’s strategic objective of securing superior projects in Hawaii that diversify our portfolio of residential, resort and commercial developments on the neighbor islands.”

The former Comp USA site is intended to be the first residential tower development within Kamehameha Schools’ Kaiaulu ‘o Kaka‘ako master plan, which was approved by the Hawai‘i Community Development Authority in September 2009. “Kamehameha has long envisioned a 21st century neighborhood that brings excitement and comfortable living in an urban setting,” said Paul Kay, Kamehameha’s director of commercial development. “For our master plan vision to be realized, we need a proven community developer, and A&B Properties is the perfect choice.”

Kamehameha is currently converting a former office building at 680 Ala Moana Boulevard into 54 affordable and uniquely designed rental apartments. The units will be ready for residents later this year.

Additionally, Kamehameha is finalizing design for a village center which will serve as a venue for locally-owned specialty shops and boutiques, entertainment, dining and community gathering. Construction on the center is expected to begin in 2013.

About Kamehameha Schools
Kamehameha Schools is a private, educational, charitable trust founded and endowed by the legacy of Princess Bernice Pauahi Bishop. Kamehameha Schools operates a statewide educational system enrolling nearly 5,400 students of Hawaiian ancestry at three K-12 campuses and 1,500 at 31 preschool sites statewide. Approximately 38,500 additional Hawaiian learners and caregivers are served each year through a range of other Kamehameha Schools’ outreach programs, community collaborations and financial aid opportunities in Hawai`i and across the continental United States. Kamehameha Schools’ educational programs are funded solely by the trust’s financial investments and income from commercial and agricultural assets, including those in Kaka‘ako, Kapalama, Mo‘ili’ili, Waialua and West Hawai‘i.

About A&B Properties
A&B Properties is Hawaii’s fourth largest private landowner, holding over 88,000 acres primarily on the islands of Maui and Kauai. A&B Properties’ diverse real estate holdings include projects on Maui, Kauai, the Big Island and in California and a commercial property/investment portfolio comprising 7.9 million square feet of retail, office and industrial space comprising 44 properties located in Hawaii and eight mainland states. Additional information may be found at A&B Properties’ web site: www.abprop.com. Alexander & Baldwin, Inc. is headquartered in Honolulu, Hawaii and is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc. and Matson Logistics, Inc.; in real estate through A&B Properties, Inc.; and in agribusiness through Hawaiian Commercial & Sugar Company. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com.

Statements in this press release that are not historical facts are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with Alexander & Baldwin, Inc.’s Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.

Annexation Revisited in Living History Presentation

Fri, 03 Feb 2012 11:08:19 -1000
Mai Poina: The Annexation Debate to be staged Feb. 23-26
HONOLULU – Historical figures Joseph Kaulia and Emma Nāwahī lead a compelling visit to pre-annexation Hawai‘i in Mai Poina:The Annexation Debate, a living history presentation to be staged February 23-26 at the Judiciary History Center in Ali‘iōlani Hale. The vivid re-enactment of the discussions and actions that eventually resulted in Hawai‘i becoming a territory of the United States is presented by the Hawai‘i Pono’ī Coalition and the Biographical Research Center, and co-sponsored by the Kamehameha V Judiciary History Center, with funding from the Hawai‘i Council for the Humanities. Admission is free; reservations are strongly recommended.
“This living history portrays the points of view of both the proponents of annexation and the members of the Hawaiian Patriotic Leagues who fought against it. The Biographical Research Center is proud to help present engaging fact-based portrayal of a turning point in the history of Hawai’i,” said CBR Director Craig Howes.
Drawing on primary historical documents—debate transcripts, newspaper reports, and personal correspondence—playwright Victoria Nalani Kneubuhl uses costumed role-players to present the perspectives of Hawaiian patriotic leaders Kaulia and Nāwahī, as well as Senator Richard F. Pettigrew (South Dakota), Senator John Tyler Morgan (Alabama), William O. Smith (Republic of Hawai‘i), and San Francisco journalist and feminist Miriam Michelson.
“This presentation takes place in the historic courtroom of the Judiciary History Center in Ali‘iōlani Hale, which makes it even more meaningful,” said Hawai’i Pono’ī Coalition member Yuklin Aluli, Nāwahī’s great-niece. “Ali‘iōlani Hale served as the legislature for the Kingdom of Hawai‘i, and it was in this building that Queen Lili‘uokalani proposed a new constitution for the Kingdom of Hawai‘i, touching off the events that led to her overthrow and eventually to annexation.”
After each presentation, Hawaiian historians and political scientists Leilani Basham, Davianna P. McGregor, Jonathan K. Kamakawiwo‘ole Osorio and Noenoe Silva will lead the audience in a discussion of these events of the 1890s that profoundly shaped Hawai‘i’s future. Detailed Viewers’ Guides will provide background information, interpretive essays, and translations of Hawaiian language documents from the period.
Performance dates and times:
Thursday-Saturday, February 23-25, 2012
7:00 p.m.
Sunday, February 26, 2012
2:00 p.m.
Judiciary History Center
Ali‘iōlani Hale
417 South King Street
Admission: free
Reservations are strongly recommended.
Please call: 534-8880
The Hawai’i Pono’ī Coalition is a consortium of Native Hawaiian-serving organizations dedicated to presenting Hawai‘i’s true history to all who live in and visit the islands.
The Biographical Research Center is a non-profit organization in the State of Hawai‘i to support research, study, discussion, and dissemination of information about life writing.
Mai Poina: The Annexation Debates is the second in a series of programs co-presented by HPC and BRC. For the past three years, the organizations have presented the Mai Poina living history walking tour tracing four pivotal days leading up to and including the overthrow of the Hawaiian monarchy. “The Annexation Debate” was first presented in 1998 as part of Kaulana Nā Pua, an Exhibit and related programs about the Petitions Against Annexation, held at the Bernice Pauahi Bishop Museum in Honolulu, Hawai‘i.

Kamehameha Schools Searching for Human Resources Director

Thu, 02 Feb 2012 15:29:18 -1000
A search is underway for a new Human Resources director for Kamehameha Schools, led by a volunteer search committee and assisted by Bishop & Company of Honolulu. “We are committed to finding an individual to lead a team of mission driven Human Resource professionals with the passion and commitment to find, develop and keep the best of people at Kamehameha Schools. Our mission demands it,” said Sylvia Hussey, Kamehameha’s vice president for Administration.
“The Human Resource Director must provide inspired leadership, excellence and innovation to our recruitment, retention, performance and compensation and our workforce development strategies, all within the priorities of our Founder, Bernice Pauahi Bishop held dear: her people, her culture and her spirituality.”
Bishop & Company will conduct a local and national search for an individual who has demonstrated leadership skills, significant human resources experience, and the capabilities to develop and implement strategic plans to support KS’ mission and culture.
Applications will be accepted until Feb. 17, 2012. Inquiries can be directed to Judy Bishop at JBishop@bishopco.net or (808) 839-2200.
Kamehameha Schools is a private, educational, charitable trust founded and endowed by the legacy of Princess Bernice Pauahi Bishop. The year 2012 marks the 125th anniversary of the opening of Kamehameha Schools, which today operates a statewide educational system enrolling over 6,900 students of Hawaiian ancestry at K-12 campuses on O`ahu, Maui and Hawai`i and 31 preschool sites statewide. Over 40,000 additional Hawaiian learners and caregivers are served each year through a range of other Kamehameha Schools’ outreach programs, community collaborations and financial aid opportunities in Hawai`i and across the continental United States.
Media contact: Janice Kane, (808) 534-3917