Work continues recently on the Alexander & Baldwin joint venture Keala o Wailea condominium development. The project near the entrance to Wailea off Piilani Highway is scheduled to have 70 luxury two- and three-bedroom condos. During a conference call with investors last week, A&B officials reported that 19 units have closed for sale so far this year with another 48 units in binding contracts and two in nonbinding contracts. • The Maui News / MATTHEW THAYER photo

While Alexander & Baldwin continues work to diversify its Maui agricultural lands, redeploying 4,500 acres of former sugar cane lands last year, the company sees progress as slow, difficult and unlikely to turn a profit, A&B President and Chief Executive Officer Chris Benjamin told investors in a telephone conference call last week. Continue reading “The Maui News: “A&B reports progress in ag and real estate””