Alexander & Baldwin Betting On Honolulu Real Estate!

March 10th, 2009 categories: The Market

Biz Bites Blog is reporting that Alexander and Baldwin (A & B) is working on “Project X”. For obvious reasons A & B did not give up all of the details, but I think they see opportunity in Honolulu’s low commercial real estate values.

“Given the gloom and doom about the local and national economy, A&B’s willingness to set aside cash is a bullish sign for their future.
They’re probably mindful of the lessons of mid-1990s economic downturn where opportunistic investors like Leon Black’s Apollo Group, California-based Oaktree Capital Management L.P., Bill Mills, Everett Dowling and Trinity Investments Trust L.L.C. made a fortune by investing in distressed local real estate.”
CLICK HERE TO READ THE BIZ BITES BLOG.

A & B may be allocating as much as $100,000,000 to buy Hawaii real estate. This tells me that they see this as a very good time to buy. With fewer dollars in our pocket, we may want to take note that the “Big Boys” start buying, it may indicate a good time for long term buyers to get off the fence and put money to work in our own home or condominium.

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If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

This entry was posted on Tuesday, March 10th, 2009 at 9:58 am and is filed under The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.