#Keala O Wailea

The company closed the sale of the Lahiana Square Center and three adjacent parcels on Maui for gross proceeds of $11.3 million. A&B also sold 313 acres to the State of Hawai`i for the expansion of the Kahului Airport for $8.6 million.

The 70-unit Keala o Wailea development is located next to the Wailea Gateway Center and overlooks the Wailea Blue Golf Course.

In the Development & Sales sector, seven binding sales contracts were made at the 70-unit Keala O Wailea on Maui averaging $1.1 million per unit.

Maui real estate sales dipped to their lowest level all year, while home and condo developments are gearing up all over the island.