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Top 20 Landowners 2008

RankSort Descending CompanySort Descending Assessed Value in 2007 (in millions) Acres Prominent Holdings
1Kamehameha Schools - 1887
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
Kamehameha Schools
Land: 2,622
Building: 1,957
Total: 4,579
% Change 06-07: 15%%
Oahu: 50,577
Hawaii: 295,574
Maui: 7,626
Kauai: 11,726
Total Acres: 365,502
% Change 06-07: 0%
Kamehameha Schools campuses, Royal Hawaiian Shopping Center, Windward Mall, Hawaii Kai Towne Center & Corporate Plaza, Kawaiahao Plaza, Newtown Square, Waiakamilo Business Center, Kakaako (55 acres), Keauhou Shopping Village

Other Prominent Holdings
Land under Sheraton Waikiki, Royal Hawaiian Hotel, Kahala Resort, Pagoda Hotel, Executive Centre, HEI Office Building, City Financial Center (partial), Waterfront Plaza/Restaurant Row, former Gold Bond Building, Pearlridge Center, Kahala Mall, Koko Marina Center, Kamehameha Shopping Center, Kaneohe Bay Shopping Center, Waialae Country Club, Pearl Country Club, Mid-Pacific Country Club, Hawaii Kai Golf Course, Four Seasons Hualalai, Nanea Golf Club, Keauhou Beach Hotel, Kona Village, Sheraton Keauhou Bay Resort & Spa, Maui Islander, 810 Richards Street
2Blackstone Group (NYSE: BX) - 2001
HQ: New York, New York
Beneficaries / Shareholders:
Stephen Schwarzman, Hamilton James, Peter Peterson, AXA Financial, J. Tomlinson Hill, Michael Puglisi, Keybank National Association, Mazama Capital Management, Kinetics Asset Management, Deutsche Bank Aktiengesellschaft, Horizon Asset Management
Land: 590
Building: 799
Total: 1,389 #
% Change 06-07: 11%%
Oahu: 20
Hawaii: 199
Maui: 21
Kauai: -
Total Acres: 240
% Change 06-07: 0%
Hilton Hawaiian Village, Hilton Waikoloa Village, Waikoloa Beach Marriott, Wailea Beach Marriott #

Other Prominent Holdings
Previously owned Hyatt Regency Maui and Park Shore Waikiki Hotel
3General Growth Properties (NYSE: GGP) - 1995
HQ: Chicago, Illinois
Beneficaries / Shareholders:
General Trust Company (Bucksbaum family), FMR LLC, Cohen & Steers Capital Managment Inc., Vanguard Group Inc., Barclays Global Investors, UK Holdings Ltd., Deutsche Bank Aktiengesellschaft, State Street Corporation, Wellington Management Company LLP, Invesco Ltd., Vanguard Specialized-REIT Index Fund
Land: 759
Building: 547
Total: 1,306 #
% Change 06-07: 8%%
Oahu: 114
Hawaii: -
Maui: 24
Kauai: -
Total Acres: 138
% Change 06-07: 3%
Ala Moana Center, Ala Moana Pacific Center, Ala Moana Building, Ward Entertainment Center, Ward Centre, Ward Warehouse, Ward Village Shops, Ward Gateway Center, Ward Farmers Market

Other Prominent Holdings
Leasehold interest in Prince Kuhio Plaza. # 50% interest in Whalers Village #
4Queen's Health Systems - 1859
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
Support and advance healthcare in Hawaii, primarily through Queen's Medical Center
Land: 671
Building: 538
Total: 1,209
% Change 06-07: 3%%
Oahu: 2,154
Hawaii: 10,443
Maui: 2
Kauai: -
Total Acres: 12,599
% Change 06-07: 0%
Queen's Medical Center, Physicians Office Building I, II, and III, Waikiki Town Center, International Market Place, Molokai General Hospital

Other Prominent Holdings
Land under Outrigger Waikiki on the Beach, Outrigger East Hotel, Miramar at Waikiki Hotel, Waikiki Beachcomber Hotel, Title Guaranty Building, Stadium Marketplace, Stadium Mall, Halawa industrial, Bougainville industrial, Alii Plantation, portion of Harbor Square
5Hawaiian Electric Industries Inc. (NYSE: HE) - 1891
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
Renaissance Technologies Corp., Barclays Global Investors UK Holdings Ltd., Vanguard Group, Inc., Franklin Resources, Inc., Franklin Custodian Funds-Income Fund, State Street Corporation, Aster Investment Company Inc, Meridian Value Fund, Bank of New York Mellon Corp., Keeley Asset Management Corp., Keeley Small Cap Value Fund, Inc., Vanguard Small-Cap Index Fund, TIAA-CREF Investment Management, LLC
Land: 566
Building: 606 #
Total: 1,172
% Change 06-07: 0%%
Oahu: 698
Hawaii: 146
Maui: 1
Kauai: 1
Total Acres: 846
% Change 06-07: -17%
Kahe Power Plant, Waiau Power Plant, Downtown Honolulu Power Plant, Ward Avenue Office Facility, Campbell Industrial Park Plant, ASB Financial Plaza of the Pacific Office Building, Hilo Power Plant
6Queen Liliuokalani Trust - 1909
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
Orphan and destitute children of Hawaiian ancestry. Queen Liliuokalani Children's Centers
Land: 547
Building: 583
Total: 1,131
% Change 06-07: -11%%
Oahu: 42
Hawaii: 6,270
Maui: 1
Kauai: 1
Total Acres: 6,314
% Change 06-07: 0%
3,300 acres of undeveloped Kona land

Other Prominent Holdings
Land under Marriott Waikiki Beach, Pacific Beach Hotel, Hilton Waikiki Prince Kuhio, Waikiki Banyan, Liliuokalani Gardens, Foster Tower, Waikiki Sunset, Makalapua Shopping Center, Kona Coast Shopping Center, Kona Industrial Subdivision
7Harry & Jeanette Weinberg Foundation - 1959
HQ: Honolulu, Hawaii and Owings Mills, Maryland
Beneficaries / Shareholders:
Weinberg Foundation, ...aiding those unfortunate people who by reason of poverty, disability, failing health and/or advanced age are unable to adequately help themselves.
Land: 671
Building: 447
Total: 1,118
% Change 06-07: -6%%
Oahu: 1,891
Hawaii: 10
Maui: 378
Kauai: 61
Total Acres: 2,340
% Change 06-07: -2%
3660 Waialae Office Building, Iwilei industrial, Luana Hills Golf Course, Ko Olina acreage, Harbor Center, Willows Restaurant, Sun Village

Other Prominent Holdings
Land under Pacific Park Plaza, Aiea Shopping Center, Island Colony, Marco Polo, Lahaina Shopping Center, Lahaina Center, Kahului industrial, Kaanapali Shores, Luana Kai, Pohailani, Kauai Wal-Mart
8Morgan Stanley (NYSE: MS) - 2004
HQ: New York, New York
Beneficaries / Shareholders:
State Street Corporation, AXA, Barclays Global Investors UK Holdings Ltd., Vanguard Group, Inc., UBS Global Asset Management (Americas) Inc., Price (T.Rowe) Associates Inc., FMR LLC, JP Morgan Chase & Company, Bank of New York Mellon Corporation
Land: 595
Building: 445
Total: 1,040
% Change 06-07: 20%%
Oahu: 238
Hawaii: -
Maui: 1,851
Kauai: 8,632
Total Acres: 10,721
% Change 06-07: -1%
Maui Prince Hotel #, Makena North & South Golf Courses and acreage, Princeville Resort #, Princeville Prince & Makai Golf Courses and acreage, Princeville Shopping Center, Grand Wailea Resort #, Airport Center, HARC Building #

Other Prominent Holdings
Leasehold interest in Haseko Center, Ocean View Center and Airport Center, Morgan Stanley Investment Management Inc. Is also a major shareholder in HST and HOT. Previously owned Pearl Highlands which was sold to AEW Capital Management for $137.5 million per deed dated September 2006.
9Kokusai Kogyo Co. Ltd. (TSE: 92340) - 1956
HQ: Tokyo, Japan
Beneficaries / Shareholders:
Cerberus Capital Management, LP #, Takamasa Osano
Land: 434
Building: 586
Total: 1019 #
% Change 06-07: 8%%
Oahu: 14 #
Hawaii: -
Maui: 23
Kauai: -
Total Acres: 38
% Change 06-07: 0%
Sheraton Moana Surfrider, Sheraton Princess Kaiulani, Sheraton Maui. Sheraton Waikiki (portion LH), Royal Hawaiian Hotel (LH), Kyo Ya Restaurant (portion LH)

Other Prominent Holdings
Land under Waialae Country Club tennis courts and parking lot, two fee simple residential condominium units
10Castle & Cooke Inc./Dole Foods # - 2000
HQ: Los Angeles, California
Beneficaries / Shareholders:
David Murdock
Land: 562
Building: 407
Total: 968
% Change 06-07: -3%%
Oahu: 30,648
Hawaii: 243
Maui: 87,688
Kauai: -
Total Acres: 118,579
% Change 06-07: -3%
Mililani residential, Mililani Technology Park, Dole Plantation, Dole Cannery, Iwilei industrial, Lanai island (98%), Four Seasons Lodge at Koele, Four Seasons Manele Bay
11HRPT Properties Trust (NYSE: HRP) - 2003
HQ: Newton, Massachusetts
Beneficaries / Shareholders:
Vanguard Group, Inc., Barclays Global Investors UK Holdings Ltd., State Street Corporation, Vanguard Specialized-REIT Index Fund, Deutsche Bank Aktiengesellschaft, Allianz Global Investors of America LP, Capital World Investors, Income Fund of America Inc., LSV Asset Management, Allianz Funds-NFJ Small Cap Value Fund
Land: 620
Building: 304
Total: 924
% Change 06-07: -3%%
Oahu: 439
Hawaii: -
Maui: -
Kauai: -
Total Acres: 439
% Change 06-07: -1%
Land under Mapunapuna and Moanalua Industrial, Kalihi Kai and Sand Island Industrial, Salt Lake Shopping Center, Pali Safeway/Longs

Other Prominent Holdings
James Campbell Industrial Park lots
12James Campbell Company LLC# - 1900
HQ: Kapolei, Hawaii
Beneficaries / Shareholders:
Approximately 29 heirs of James Campbell
Land: 476
Building: 331
Total: 806
% Change 06-07: 5%%
Oahu: 14,413
Hawaii: -
Maui: 4,353
Kauai: -
Total Acres: 18,766
% Change 06-07: -18%
City of Kapolei, Kapolei Shopping Center, Kapolei Business Park, James Campbell Building, Campbell Superblock #

Other Prominent Holdings
Land under Bank of Hawaii Kapolei Office Building, Westin Maui
13Alexander & Baldwin Inc. (NYSE: ALEX) - 1870
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
FMR LLC, Barclays Global Investors UK Holdings Ltd., Breeden Capital Management LLC, Third Avenue Management, LLC, Primecap Management Company, Artisan Partners LP, Vanguard Group, Inc., Dimensional Fund Advisors Inc., Artisan Mid Cap Value Fund, Ironbridge Capital Management LLC
Land: 442
Building: 163
Total: 605 #
% Change 06-07: -11%%
Oahu: 24
Hawaii: 1
Maui: 68,545
Kauai: 20,506
Total Acres: 89,077
% Change 06-07: 0%
A&B Building, Pacific Guardian Tower, Stangenwald Building, Judd Building, Hawaii Business Park, Mililani Shopping Center, Kunia Shopping Center, Wailea Resort Development, Maui Mall, Kahului Shopping Center, Kahului Office Building, Maui Business Park, Wakea Business Center, P&L Building, Port Allen Center

Other Prominent Holdings
Leasehold interest in Kaneohe Bay Shopping Center, 352-unit Keola Lai condominium
14Roman Catholic Church - 1827
HQ: Vatican City, Italy
Beneficaries / Shareholders:
Roman Catholic Church
Land: 394
Building: 183
Total: 576
% Change 06-07: 6%%
Oahu: 328
Hawaii: 1,354
Maui: 379
Kauai: 60
Total Acres: 2,121
% Change 06-07: 1%
St Augustine Church, Cathedral of St. Theresa, Sacred Heart Church, St. Ann Parish, Star of the Sea, Maryknoll School, St. Anthony's Parish

Other Prominent Holdings
Land under Kahala Nui retirement community, Century Square, Hilo Terrace, 11 fee simple residential condominiums at One Archer Lane
15Host Hotels & Resorts, Inc. (NYSE: HST) # - 2003
HQ: Bethesda, Maryland
Beneficaries / Shareholders:
Barclays Global Investors UK Holdings Ltd., Wellington Management Company LLP, Vanguard Group, Inc., Morgan Stanley, Allianz Global Investors of America LP, State Street Corporation, Cohen & Steers Capital Management, Inc., APG Investments US Inc., Vanguard Specialized-REIT Index Fund, Deutsche Bank Aktiengesellschaft, Invesco Ltd.
Land: 208
Building: 356
Total: 565
% Change 06-07: 25%%
Oahu: -
Hawaii: -
Maui: 57
Kauai: -
Total Acres: 57
% Change 06-07: 0%
Hyatt Regency Maui Resort and Spa, Fairmont Kea Lani Maui
16Starwood Hotels & Resorts (NYSE: HOT) - 1998
HQ: White Plains, New York
Beneficaries / Shareholders:
Morgan Stanley, Marsico Capital Management, LLC, Barclays Global Investors UK Holdings Ltd., UBS Global Asset Management (Americas) Inc., Harris Associates, LP, FMR LLC, State Street Corporation, Vanguard Group, Inc., Capital World Investors, Security Capital Research & Management Inc.
Land: 87
Building: 475
Total: 561
% Change 06-07: NA%
Oahu: -
Hawaii: -
Maui: 52
Kauai: 28
Total Acres: 80
% Change 06-07: NA
Westin Maui Resort, Sheraton Kauai Resort, Westin Kaanapali Ocean Resort Villas, Westin Kaanapali Ocean Resort Villas North, Westin Princeville Ocean Resort Villas
17Church of Jesus Christ LDS - 1854
HQ: Salt Lake City, Utah and Laie, Hawaii
Beneficaries / Shareholders:
Mormon Church
Land: 293
Building: 157
Total: 449
% Change 06-07: -4%%
Oahu: 6,956
Hawaii: 56
Maui: 18
Kauai: 10
Total Acres: 7,041
% Change 06-07: 0%
Polynesian Cultural Center, BYU-Hawaii Campus, Laie Shopping Center, Honolulu Tabernacle

Other Prominent Holdings
Land under Beretania Foodland, Pflueger Acura, Laie Inn
18Oaktree Capital Management - 1995
HQ: Los Angeles, California
Beneficaries / Shareholders:
Howard S. Marks (Chairman), Bruce A. Karsh (President)
Land: 153
Building: 247
Total: 400
% Change 06-07: 0%%
Oahu: 842
Hawaii: -
Maui: -
Kauai: -
Total Acres: 842
% Change 06-07: 0%
Turtle Bay Resort

Other Prominent Holdings
Land under Kuilima East and West condominiums
19Seibu Railway Co. Ltd. # - 1973
HQ: Tokyo, Japan
Beneficaries / Shareholders:
Cerberus Capital Management, LP, Nikko Principal Investments Ltd., NW Corp. #
Land: 167
Building: 211
Total: 378
% Change 06-07: 10%%
Oahu: 273
Hawaii: 1,471
Maui: -
Kauai: -
Total Acres: 1,744
% Change 06-07: 0%
Hawaii Prince Hotel Waikiki and Golf Club, Maui Prince Hotel and Golf Course, Hapuna Beach Prince Hotel and Golf Course, Mauna Kea Beach Hotel and Golf Course
20Castle Family Limited Partnership - 1999
HQ: Honolulu, Hawaii
Beneficaries / Shareholders:
18 family trusts and foundations related to Harold & Alice Castle
Land: 206
Building: 132
Total: 338
% Change 06-07: -17%%
Oahu: 1,193
Hawaii: -
Maui: -
Kauai: -
Total Acres: 1,193
% Change 06-07: -2%
Windward Trade Center, Kailua Shopping Center

Other Prominent Holdings
Land under Windward City Shopping Center, Pali Palms, Koolau Vista, Windward Passage, Windward Harbour, Windward Cove, Gardenia Manor, Poinciana Manor, Hokulani, Yacht Club Terrace, Kaimuki Shopping Center, Davies Pacific Center

Hawaii Business magazine invites you to comment on our articles and the issues they raise. Comments are moderated for offensive language, commercial messages and off-topic posts and may be deleted. Some comments may be chosen for inclusion in the magazine on the Feedback page.

Old to new | New to old
Dec 5, 2008 10:46 pm
 Posted by  tnakoa82

Hi, I was wondering if the members of the queen liliuokalani trust would be able to help a family like mines. I am a full time working mother of two small children. two boys, ages 2 and 6 months. My husband is currently unemployed and the only income we have is from me which is barely enough. Our home is about to be foreclosed and we are trying to look for some place cheap to rent so that my boys will have a roof over their heads. I know that this economic times are getting worse but I've been trying my best to support my children, and my husband is unable to find a steady job, for he does construction for a living. His employment goes from real steady to having nothing at all, and that puts a lot of pressure on me to come up with money to get by to pay the bills, and even if i don't have the money in full to pay everything i try to span it out just to make sure my boys and husband can eat. I'm even trying to look for a part time job just to support them and it's a real burden on my shoulders and it's really stressing me out...I really don't know what to do. No matter how hard i'm trying to make everything right, it's seems like the situation just gets worse. I just had to find a way to come up with money to pay for our electric bill that they disconnected for non payment. It's on now but it just made me so discouraged, that no matter how hard i could work, it's still not enough. I just want to be able to support my family. I am of Hawaiian ancestry, me and my husband, and i just want to be able to make it, just like everyone else. I now that a lot of people are struggling, but maybe, just maybe you'll be able to help us. Thank you for listening....

This has been flagged
Feb 11, 2009 12:59 am
 Posted by  Kodak Music Ltd.

GGP has been noted for excellent places of interest of the music everyone wants to here.

This has been flagged
Sep 9, 2009 03:28 am
 Posted by  Hawaiian Poi

Hello, I was wondering if the Queen Liliuokalani Trust will be able to help me & my Mom. I am currently working & my Mom is currently unemployed. I recently had a 10% cut in pay and having a difficult time paying for the back rent, plus other bills that comes every month. No matter how much money I make, we just end up paying higher rent, 30% off my pay. I have a 12 year old daughter that I love very much. I'm trying so hard to find ways to make it through each month, but it's hard! I know I'm not the only one having a hard time in this economy of ours. I just need that one chance to get my Mom out of the housing projects and support her & my daughter. If that can happen, then I can get a higher paying job or even a 2nd job and not worry anymore. Now, I know we are not the only Hawaiian family having a hard time and asking for help, but if you can? thank you!

This has been flagged
Nov 29, 2009 12:39 am
 Posted by  joycee7

Hello, i was wondering if you can help us. my boyfreind is a Viet- Nam vereran who recently had a liver transplant due to agent orange. He lives in Kam housing and he is unable to get up the stairs. He needs an apartment for some one with a disability. I am his live in attendent and I really wish you could help us. He receives 100% pension from the VA. I have heard some wonderful things about your foundation. thank you for listening.I know times are hard,but we really need help.

This has been flagged
Nov 5, 2010 09:56 pm
 Posted by  mauai81

Hi, I have an urgent disconnect on my electric bill. I am currently looking for work, without any opportunities so far. Your agency has helped me once before on an urgent disconnect. I want to know if you have a requirement on how long you can receive help again. This time, if my service is disconnected, I will lose my place for myself and my three children because I have section 8. My inspection is coming up and if my service is cut when my inspection is done, I will lose my section 8 services.

This has been flagged
Mar 25, 2012 09:07 am
 Posted by  chris2good

i would like to know why /what flagged means? why are people asking for help on this sight. i truly want to know. because i love to help people. ... just wondering? i like easter seals in hilo , alu like, and some of the schools.this might not be a good question . i am not assuming anything unkind. sincerely

This has been flagged
Sep 29, 2012 02:30 pm
 Posted by  Ha'aheo

Aloha we all having hard times and the sad thing is nobody like help. im a father of one with one more on the way, im unemployed and yet looking for work but with alot of other people in the shoes it is hard.
me and my wife we try hard always looking always preying, hopeing that one day we would own are own house and give are children the life we never had. I and my wife are proud Hawaiians that are need of help but feel like were not doing enough. just looking for any kind of help aloha....

This has been flagged
Mar 30, 2013 10:12 am
 Posted by  Kupuna Wasson

Creating a new account. In reading the above comments I am concerned about the needs of our people who are struggling to survive. It is times like this we as Kupuna are the resource to come to the aid of our people. We are the resource. Who do we know, who can we contact to assist all these people. My ku'u hoaloha are available to help with land for farming, jobs to construct farm dwellings, places to grow food and live on at a low fee. Please contact Kupuna Tweetie 548-8833 and Dawn 692-6901.

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