July 13, 2014 3:59 AM ET

Real Estate Management and Development

Company Overview of Kaneohe Ranch Company LLC

Company Overview

Kaneohe Ranch Company LLC provides real estate management services. The company primarily focuses on commercial ground leasing. It offers master planning services; development and redevelopment of properties; and management services for commercial and residential rental properties in Kailua, Kaneohe, and Downtown Honolulu. Its real estate portfolio comprises land holdings in downtown Kailua, Hawaii. The company’s property holdings comprise commercial, retail, office, industrial, and residential leasehold parcels. Kaneohe Ranch Company LLC was founded in 1894 and is based in Kailua, Hawaii.

Castle Junction

1199 Auloa Road

Kailua, HI 96734

United States

Founded in 1894

Phone:

808-263-8900

Fax:

808-263-8919

Key Executives for Kaneohe Ranch Company LLC

Chief Executive Officer and President
Chief Operating Officer and Executive Vice President
Compensation as of Fiscal Year 2014.

Kaneohe Ranch Company LLC Key Developments

Kaneohe Ranch To Reportedly Divest Real Estate Portfolio To Alexander & Baldwin

Kaneohe Ranch Management Limited seeks to divest its Hawaii commercial real estate portfolio to Alexander & Baldwin, Inc. (NYSE:ALEX) for $262 million, as per a petition filed by a beneficiary seeking to postpone a vote on the sale scheduled for next week. The deal is expected to close by the end of 2013. Pacific Business News reported that Alexander & Baldwin stated in the petition that a notice from Bank of Hawaii, which is a trustee for the trusts that hold the Hawaii assets, received on November 7, 2013 required a response with "yes" or "no" vote on the sale by November 11, 2013. Chris Benjamin, President and Chief Operating Officer of Alexander & Baldwin has confirmed interest in acquiring Kaneohe Ranch properties. The entire portfolio is valued at more than $1 billion.

Kaneohe Ranch To Decide Sale For Kaneohe Ranch Portfolio In Three Months

Harold K. L. Castle Foundation and Kaneohe Ranch Management Limited are expected to make a decision in the next three months on the potential sale of the Kaneohe Ranch commercial real estate portfolio. Mitch D'Olier, President and Chief Executive Officer of Harold K. L. Castle and Kaneohe Ranch, said that nothing has been decided yet. And, if the transaction, which could top $1 billion, doesn't make sense for the Harold K.L. Castle Foundation, a sale won't happen.

A&B Eyes Kaneohe Ranch's Hawaii Commercial Real Estate Holdings

Alexander & Baldwin Inc. (A&B) is keen to acquire part of or all of Kaneohe Ranch Management Limited's commercial real estate holdings in Hawaii. The real estate portfolio was put up for sale earlier this month. A&B’s President and Chief Operating Officer, Chris Benjamin stated that "of course, it's of interest and we will take a look at it and perhaps bid on some or all of it. We're interested in looking at everything," he said. "As you can tell from what we've been doing lately [investing in Hawaii real estate], when we separated from Matson, we said we wanted to rededicate ourselves to Hawaii." He added that A&B is actively looking at other things on all fronts. He said: "We are looking at all commercial assets and development assets. It's hard to predict when there will be another announcement [of a purchase, but] one thing's for sure, this isn't the end of the desire to grow in Hawaii." PBN had earlier reported that Kaneohe Ranch and Harold K.L. Castle Foundation had put all of Kaneohe Ranch's commercial real estate properties up for sale, which includes the most of the Kailua town center in Windward Oahu. Eastdil Secured is handling the sale. According people in the industry, A&B is on the short list of buyers for the assets. The purchase price of the properties is estimated at more than $1 billion.

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