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The Estate of James Campbell is
a private trust established in 1900 |
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to administer the assets of one
of Hawaii's foremost business pioneers, |
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James Campbell, for the benefit
of his heirs. |
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At the time, the trust was
valued at $3 million, making it |
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one of Hawaii's largest private
landholdings. |
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A successful sugar-growing
venture on the island of Maui provided |
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Campbell with the funds to
purchase land on several islands. The |
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largest of these acquisitions
was 41,000 acres of ranch land on Oahu's leeward |
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plain. Undaunted by the barren
acreage, Campbell proceeded to drill |
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Hawaii's first artesian well,
uncovering a cast pure water reserve that |
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transformed the arid lands into
a flourishing sugar plantation. To this day, |
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the
aquifer supplies the island's leeward and Honolulu areas with water. |
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Today, the Estate assets are
valued at nearly $2 billion. It owns 70,700 |
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acres in Hawaii - 36,200 on
Oahu, or more than 13 percent of the |
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island's privately held land;
28,700 acres on the island of Hawaii; and 5,800 |
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acres on Maui. In recent years,
the Estate has successfully diversified into |
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office, retail and industrial
properties on Oahu and Maui in Hawaii, and |
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15 other states on the U.S.
Mainland. |
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Three trustees, appointed by the
First Circuit Court of Hawaii, |
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direct the affairs of the
Estate. Day-to-day operations are handled by |
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a management group whose
structure is similar to that of today's corporations. |
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The Estate has 136 employees,
based on Oahu and Maui and in San Francisco. |
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In managing the Estate, the
trustees seek not just to increase asset |
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value, but to create long-term
value, which means broader opportunities |
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for the communities in and
around Estate lands. This approach has resulted in |
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carefully directed efforts to
build Oahu's new City of Kapolei, |
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which the Estate is developing
for long-term investment. In this endeavor, |
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the Estate is constantly seeking
ways to create new business and job |
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prospects, forge new directions
for economic development, build a |
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better quality of life for
families, and increase education |
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and career opportunities for
young people. |
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CAMPBELL ESTATE
NAMED DEVELOPER OF THE YEAR |
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Campbell Estate's efforts in
developing the City of Kapolei have not |
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gone unnoticed. In 1998, the
National Association of Industrial and |
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Office Properties (NAIOP)
named the Estate Developer of the Year. |
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It was the first Hawaii company
to receive this prestigious award, |
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joining the ranks of such
national companies as Trammell Crow Co., |
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The Irvine Company, Rouse &
Associates and Olympia & York. |
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In announcing the
award, Thomas J. Bisacquino, executive vice president |
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of NAIOP, said, "The Estate has
set a commendable example as a conscientious, |
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visionary developer in Hawaii.
Not only has the Estate been successful in |
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building an emerging new city,
it is successfully building |
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a sense of
community as well." |
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NAIOP made special note of the
Estate's community-building efforts, |
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including sponsorship of
Kapolei-area events, corporate contributions, |
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employee volunteerism and
development of community programs that support |
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youth, education, human
services, the arts and the environment. |
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