Sales of Alexander & Baldwin’s six-unit beachfront condominium complex on Kahala Avenue in Honolulu are set to start Thursday, with prices of the two-story units starting at just under $9 million.
Alexander & Baldwin (NYSE: ALEX) recently applied for building permits totaling more than $18 million for construction of Kahala By The Sea at 4607 Kahala Ave., a 1.3-acre parcel the real estate investment trust had acquired as part of the Genshiro Kawamoto portfolio.