A global real estate giant will buy Alexander & Baldwin and take it private in a deal expected to close early next year. Buyers include the investment giant Blackstone Real Estate.
A&B is one of the largest private landowners in Hawaiʻi, and its portfolio includes 21 retail centers and 14 industrial properties.
Blackstone currently owns several luxury hotels in the state, as well as the Pearlridge Center on Oʻahu…