Oracle CEO, Larry Ellison buys 98% of Lanai

HONOLULU (AP) — Oracle Corp. CEO Larry Ellison is closing in on a purchase even lottery winners can only dream about — 98 percent of Hawaii’s pineapple island, Lanai.

Ellison hasn’t said what he plans to do with the vast majority of the island’s 141 square miles, but the sellers said he plans substantial investments that will create jobs and stimulate tourism to the island once owned in the 1920s by the founder of Dole Foods Co. Ellison’s involvement in the deal was publicly announced by Hawaii Gov. Neil Abercrombie.

With nearly 50 miles of coastline, two resorts and zero traffic lights, Lanai boasts plenty of unspoiled charm. Tourism officials tout the luxury at its Four Seasons hotels and rugged rural areas that can only be reached by vehicles with four-wheel drive.

If all goes as planned, most of the island that is home to 3,200 residents and near Maui will be owned by Ellison — the world’s sixth-richest billionaire, according to Forbes.

The outspoken Silicon Valley software magnate is known to race sailboats and make occasional unusual purchases. He once, for example, bought a tennis tournament to keep it in the United States.

The land’s current owner, Castle & Cooke Inc., filed a transfer application Wednesday with the state’s public utilities commission, which regulates utilities on the island that serve its two resorts.


Lodge at Koele Four Seasons Resort
The sale price for the property was not immediately clear. Lawyers for the seller redacted a copy of the sale agreement signed May 2, saying it includes confidential information that would competitively hurt Ellison and the seller if disclosed. The Maui News previously reported the asking price was between $500 million and $600 million.

Self-made billionaire David Murdock, who owns Castle & Cooke, said he would keep his home on Lanai and the right to build a wind farm, a contentious project that would place windmills on as many as 20 square miles of the island and deliver power to Oahu through an undersea cable.

Murdock said in a statement that selling Lanai was not an impulsive decision, but he has been looking for a buyer who would have the right enthusiasm, commitment and respect for the island’s residents.

“I have learned in life that change is inevitable and can be quite positive when guided in the right direction,” Murdock said.

Ellison co-founded the Redwood City, Calif.-based business software company in 1977. Forbes ranks him as the third-richest American, with a net worth of $36 billion as of March.

Abercrombie said Ellison has had a longstanding interest in the island.

“We look forward to welcoming Mr. Ellison in the near future,” Abercrombie said. “His passion for nature, particularly the ocean, is well known specifically in the realm of America’s Cup sailing.”

Maui County Mayor Alan Arakawa wished Murdock well and said he looks forward to meeting Ellison.

The deal involves 88,000 acres of land, plus two resorts, two golf courses, a stable and various residential and commercial buildings, lawyers for Murdock told the utilities commission in its application.

Ellison plans to pay cash, and the deal should result in new jobs, economic stimulus and a reinvigorated local tourism industry, the application said.

“The buyer anticipates making substantial investments in Lanai and is looking forward to partnering with the people of Lanai to chart the island’s future,” Castle & Cooke lawyers said in the application.

Lanai is Hawaii’s smallest publicly accessible inhabited island, with some 3,200 residents. It is known as the “pineapple island” even though Murdock closed its pineapple operations to make way for luxury resort and home development. The majority of the island was once owned by James Dole of Dole Food Co. Inc., who bought it in 1922.

Murdock bought out fellow Castle & Cooke shareholders for nearly $700 million in 2000 and took the company private.

According to the Hawaii Tourism Authority, more than 26,000 people visited the island from January to April of this year, a 6 percent decline from the same period last year.

Four Seasons Manele Bay

The utilities commission is reviewing the prospective deal because it involves indirectly transferring public utilities Castle & Cooke owns on the island — a water company, a bus and shuttle service, and the island’s wastewater utility. Castle & Cooke asked for interim approval by June 26.

Hawaii law requires commission approval to transfer public utilities, and the commission will try to make its decision by that date, said Sean Mikell of the PUC’s research division, which is considering the application. The commission does not have jurisdiction over the sale of the island, aside from the transfer of public utilities.

J. Kalani English, a state senator who represents Lanai in Hawaii’s Legislature, said he’s hopeful the sale to Ellison will mean a return of agriculture to the island.

Before Murdock announced he would keep wind farm rights on the island, Kaye said he hoped Ellison wouldn’t pursue the project.

“Lanai is worth more than supplying power to Oahu,” Kaye said.

Seventh-generation Lanaian Sol Kahoohalahala said he hopes to see an end to high unemployment and more opportunities for economic development beyond tourism.

“I look at this as a potential opportunity for us to get the new owner to look at Lanai in terms of an island that needs to work at sustaining itself” he said. “Tourism cannot be the only economic engine on Lanai”

Kahoohalaha’s family managed to hold on to some Lanai land. The 2 percent Ellison isn’t buying is owned by the state, county and private residents.

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THIS BLOG POST CONTAINS EXCERPTS FROM THE MAUI NEWS ARTICLES DATED June 20 2012 and BLOOMBURG BUSINESSWEEK NEWS LINK LINK 2
Articles by Oskar Garcia, Jennifer Sinco Kelleher, Lisa Leff this report.

For more information on this purchase or other real estate opportunities in Hawaii, Please contact Meghan Clair Realtor (S) , EcoBroker of Coldwell Banker Island Properties-Shops at Wailea office.

Wailea/Makena Maui Ocean Front Homes for Sale!

Pristine and prestigious Wailea and Makena are known as some of the most sought after addresses in the entire Hawaiian Island chain…If you are curious about properties for sale on the ocean in Wailea/Makena…here they are! Please contact Meghan directly for information on ocean front Pocket listings.

176 Makena Road, Makena HI
Offered at $6,250,000

15 Malukai Lane
Offered at $6,975,000

4950 Makena Rd. Makena Place
Offered at $10,200,000

6900 Makena Road
Offered at $17,000,000

All other Oceanfront/Beachfront homes on the island of Maui: LINK

For more information on oceanfront properties or to preview a home in person, contact Meghan Clair Realtor (s), EcoBroker of Coldwell Banker Island Properties-The Shops at Wailea Office

*Meghan Clair can assist you as a Buyers Agent on any of the above properties listed buy other realtors.

Maui Film Festival 2012 June 13-17th!!!

It’s that time of year again!!! The highly acclamied Maui Film Festival is back for it’s 13th consecutive year! Consistently drawing top talent and award-winning films, the Maui Film Festival has become a must attend event for locals and visitors alike. Opening events start today Wednesday June 13th!

For more information visit: www.mauifilmfestival.com

Special Events in Addition to the Films include:
Opening Night Twilight Reception at Capiche Wailea
Taste of Chocolate Four Seasons Wailea
Film Makers Panel Marriott Wailea
Stary Night Moondance Reception Mulligans on the Blue


Undoubtedly, the moive experience highlight is the “Celestial Cinema”, where moviegoers can sprawl on the lawn of the Wailea golf course to view and vote for breakout films while nestled under a warm blanket of stars.


Here is a picture of Me (Meghan Clair) Realtor S, EcoBroker working the Coldwell Banker Island Properties FIlm Festival Booth in 2011

For more information on Maui events or Maui Real Estate Contact Meghan!


Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Meghan Clair Realtor(S), EcoBroker Luxury Buyer’s Agent on Maui

If you are curious about the Best Deals in the Maui Luxury Property Market, contact Meghan Clair of Coldwell Banker Island Properties at the prestigious and award winning Shops at Wailea office.

Meghan has 10 years experience assisting Luxury and Resort clientelle both in Montecito,CA and Maui Hawaii.

Meghan will help educate you on the market, assist you in finding and previewing properties that meets you family’s needs, and she is privy to many UNLISTED beachfront homes and luxury condos.
Including two listings of her own currently absent from the MLS for privacy.

Whether you have been curious about owning on Maui for a long time, or the idea of resort ownership recently piqued your interest, Meghan Clair can assist you in making your Maui property ownership dreams come true!

Maui Golf Course Homes and Estates

Golf Fanatics will love any of these properties located on stunning Golf Courses thoughout our beautiful “Valley Isle”.
Current prices range from $410k-$21million.

LINK TO MAUI GOLF COURSE HOMES UNDER $700,000

LINK TO MAUI GOLF COURSE HOMES AND ESTATES $1M+

The King Kamehameha Golf Club
LINK TO WEB SITE

In addition to Maui Golf courses with surrounding residental opportunities, serious golfers curious about Maui should know more about our newsest centrally located and private member course: King Kamehameha. “King K” as the locals call it, is the only private club on Maui with an established and growing community following.

The King Kamehameha Golf Club is the only private 18-hole golf course in Maui, Hawaii. The club’s 74,000 sq.ft. clubhouse is designed by Frank Lloyd Wright and sits at 750 feet above sea level offering Haleakala, as well as bi-coastal ocean views. The golf club was named to honor the greatest king in the history of the Hawaiian Islands

EcoBroker, Realtor Meghan Clair of Coldwell Banker Island Properites specializes in assisting BUYERS find great Maui properties. For more information on Golf Course Homes or Condos on the island of Maui, or any other property please contact Meghan for more information!

Meghan Clair
Realtor (S), EcoBroker
Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Energy Pyramid: Guide to Energy Efficient Living

BENEFITS OF MORE ENERGY EFFICIENT HOMES ISLAND WIDE

Energy Conservation and Energy Efficiency are presently the most powerful tools in our transition to a clean energy future. As depicted in the Energy Pyramid, renewable energy is an important piece of our energy future, but the largest opportunities are currently in energy conservation and efficiency.

Renewable energy and energy efficiency investments carry remarkable benefits including lower environmental impact, greater price stability, and greater energy security, when compared to investments in fossil fuel generation. In addition to those substantial benefits common to all clean energy solutions, Community Energy has several distinct advantages including:

*Greater economic benefit to local communities
*Increased local awareness and involvement in clean energy
*Communities are strengthened through their collaborative efforts


Maui’s Kaheawa Wind Farm provides 9% of Maui’s Energy


Solar Panel Fields

Learn More about Community Energy

Meghan Clair is a Realtor at Coldwell Banker Island Properties Shops at Wailea Office. She is pleased to represent you as a Buyers agent on any Maui Property! Please contact Meghan for more details.

Meghan Clair
Realtor (S), EcoBroker

Coldwell Banker Island Properties
MauiGreenRealEstate@Gmail.com
(808) 874-8668 office
(808) 463-8485 cell

Ho’olei Luxury Villas Information and Update

    Wailea, Maui’s #1 Selling Luxury Condo!

The Ho’olei community is located directly across the street from the Grand Wailea Resort and Spa. Relax with the comfort and ability to “lock and go” while at the same time enjoy the comforts of a condominium designed to feel like a stand alone residence.

LINK TO ALL ACTIVE HOOLEI LISTINGS
Prices currently range from $1,990,000-$3,195,000
There is no other product like Ho’olei on the market! Contact Meghan for an update on recent sales and the Best Deals at Ho’olei!

On the ocean view lanai the Viking Gas BBQ & sub-zero fridge support that seamless Hawaii indoor / outdoor lifestyle that Maui is famous for.

Interior appointments include a private elevator, a gourmet Studio Snaidero kitchen with Wolf and Sub Zero appliances abundant.

All furniture, electronics, and house ware items are included.

Richly appointed Interiors

On-site amenities include one of the most impressive pools in the Wailea Resort, 24 hour security, shuttle service to the Grand Wailea Resort, a vast pavilion area, and a state-of-the-art fitness facility. The purchase of Ho’olei includes a transferable membership to the Kulana Club at the Grand Wailea Resort
Link to Ho’olei Ammenities

Preview the entire Ho’olei site: www.Hoolei.com

EcoBroker, Realtor(S) Meghan Clair can represent you as a Buyer’s Agent on these unique home.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

Photos and excerpts from for this blog post are from the Maui MLS,www.hoolei.com

Maui Oceanfront Properties For Sale December 2011

Maui December 2011 Oceanfront homes and condos for sale island wide!

From expansive oceanfront luxury estates to more affordable vacation rental condos, it’s no secret that Maui offers some of The Best Ocean Front Property ownership opportunities in the entire world!

Here are links to everything currently on the market!

Homes: South Maui West Maui North Shore

Condos Under $1M: South Maui West Maui

Condos Over $1M: South Maui West Maui

EcoBroker, Realtor(S) Meghan Clair of Coldwell Banker-Wailea Shops Office specializes in assisting Buyers find THE BEST South Maui Oceanfront and Luxury Investments.

She is pleased to represent you as a Buyer’s Agent on any unique Maui home or condo.

Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties

South Maui Ocean Front Update!

There has been a tremendous amount of activity in 2011 in the Oceanfront Home Market in South Maui.

Here is a link to All the South Maui Oceanfront Homes FOR SALE NOW:LINK

South Maui Ocean front News:
1. Ocean front Bank Owned Property Sold: LINK

2. Two highest priced sales on Keawakapu Beach Ever: LINK

3. Record Priced Sale in Makena $27million: LINK

4. Huge $5million Price Reduction on Makena Estate: LINK

Now is a great time to buy Ocean front Real Estate on Maui!
Maui EcoBroker, Meghan Clair specializes in the Vacation Luxury and Oceanfront Market.

If you are looking for a great deal on a unique property or you want to build your Hawaiian Dream Home on the Water, I can assist you with finding just the right location. In addition to the MLS listings I am privy to many unlisted one of a kind properties on the water .

I am pleased to represent you as a Buyer’s Agent on any unique Maui oceanfront home or condo.


Meghan Clair
Realtor (S), EcoBroker
MauiGreenRealtor@Gmail.com
(808) 463-8485 Direct Phone
(808) 874-8668 Office Phone
Coldwell Banker Island Properties-Shops at Wailea