The Kaneohe Ranch Co. and the Harold K.L. Castle Foundation has announced that they will be selling approximately 600 acres of land on the island of Oahu to an unidentified public company for $262 million. Included in the sale would be about half of downtown Kailua, Kaimuki Shopping Center, Windward City Shopping Center and Pali Palms Plaza and some agricultural land.
Previously, Kaneohe Ranch had planned to package several large real parcels on the U.S. mainland as part of the overall sale, but this transaction does not include them. According to Kaneohe Ranch, the remaining portfolio of mainland land is valued at $160 million.
Source: Honolulu Star Advertiser, 11-14-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
