A&B acquires Kahala Avenue properties

31 properties acquired for about $98 million

Published  11:28 AM HST Sep 10, 2013

Some prime properties along Honolulu's Kahala Avenue have a new owner.

A&B Properties announced Tuesday that it has acquired 31 properties from Japanese real estate investor Genshiro Kawamoto.

The cost of the properties was about $98 million.

Twenty-seven of the properties are located on Kahala Avenue, which runs along the ocean from Diamond Head to Waialae Country Club.

Officials with A&B said they plan to reposition and refurbish the properties to take advantage of the improving Honolulu real estate market.

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