As first reported by Denby Fawcett in Civil Beat, Pacific Business News reported Monday that the Japanese billionaire’s statues and furniture are being auctioned this weekend.
The eccentric real estate mogul invested in 27 homes on Kahala Ave. along with other properties in the area but abandoned them, allowing them to fall into a state of disrepair and accruing dozens of building violations.
Alexander & Baldwin bought 31 properties from the eccentric billionaire in September.
Pacific Business News reported that the company’s return on investment could be twice as much as it paid for the property, earning A&B a cool $100 million on top of its initial investment.
To learn more about Genshiro Kawamoto, check out Civil Beat’s past articles:
Land Barren: Japanese Billionaire Is Raising Eyebrows, Razing Houses
Land Barren: Who is Genshiro Kawamoto?
Land Barren: Since 2005, Dozens of Violations at Billionaire’s Properties
Off the Beat: What Does the Mayor Plan to Do about Kawamoto?
After Japan Arrest, Will Genshiro Kawamoto Lose Kahala Houses?
$98 Million Buys Kawamoto Properties for Alexander & Baldwin

Rubble from a demolished house on one of Genshiro Kawamoto’s Kahala Avenue properties. (Adrienne LaFrance/Civil Beat)
— Anita Hofschneider
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