Cayenne Pe‘a is the co-owner of Alaka‘i Development, where a passion for place and community guides the company’s work. Since its founding in 2016, Alaka‘i Development has delivered 817 rental homes in West O‘ahu, including The Element, a 318-unit community developed in partnership with a Fortune 250 company and located near where Cayenne grew up. The firm most recently completed a 240-key Hyatt Place/ Hyatt House adjacent to The Element. As a two-person team, the partners at Alaka‘i Development take on every task, large or small, with a hands-on approach.
Before co-founding Alaka‘i Development, Cayenne served as Director of Finance for Forest City Hawaii, leading a team responsible for a $2B balance sheet. Her work included asset management of 6,700 military homes; the development of the 499-unit Kapolei Lofts; the rezoning of a 271-acre master-planned community; and the financing of six utility-scale solar installations including partnerships with the Department of the Navy and the State of Hawai‘i. Alaka‘i Development later managed the lease-up and sale of both Kapolei Lofts and The Element to Blackstone.
Cayenne is a graduate of Kamehameha Schools and holds a Bachelor of Science in Accounting from Loyola Marymount University. She has been recognized by Pacific Business News as a Power Leader (2025) and a Woman Who Means Business (2024), and by Hawaii Business Magazine as one of its “20 for the Next 20” (2020). She currently serves as Chair of the Make-A-Wish Hawaii Board of Directors and the Island Pacific Academy Board of Trustees and is a member of the Fund for the Pacific Century Board of Directors, Lambda Alpha International’s Aloha Chapter, and the Pacific Century Fellows Class of 2022.
