Alexander & Baldwin buys California shopping center

Alexander & Baldwin Inc. has added a California neighborhood shopping center to its commercial real estate portfolio, paying $48 million for a 165,500-square-foot complex in Temecula, Calif.

The Honolulu-based company said it bought Rancho Temecula Town Center through subsidiary A&B Properties Inc., in part, using proceeds from a warehouse complex in Ontario, Calif., it sold in October for $43 million.

A&B said the shopping center, which was built three years ago and is 97 percent occupied, is one of Temecula’s best-performing retail properties and is expected to benefit from population growth.

Alexander & Baldwin buys California shopping center – Hawaii News – Staradvertiser.com

HC&S hires industrial processing plant expert – The Maui News

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HONOLULU (AP) – Hawaiian Commercial & Sugar Co. has hired Anna Skrobecki to be the company’s senior vice president for factory and power plant operations. HC&S General Manager Christopher Benjamin said in a statement that Skrobecki has extensive experience in industrial processing plants.

Benjamin said this will help the sugar plantation as it researches alternative processing methods for biofuels.

The Navy and U.S. Department of Energy earlier this year announced they would spend several million dollars researching biofuel production at HC&S’ sugar cane fields on Maui. Skrobecki most recently was operations vice president at Wausau Paper in Wisconsin.

She also worked for Weyerhaeuser and James River Corp.

HC&S hires industrial processing plant expert – Mauinews.com | News, Sports, Jobs, Visitor’s Information – The Maui News

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