Bio-Logical Capital Looking To Buy Hana RanchJuly 11, 2012, 10:00 AM HST · Updated July 11, 1:40 PM 0 Comments
By Sonia Isotov
The Honolulu Civil Beat is reporting today that the San Francisco-based Bio-Logical Capital is interested in buying the Hana Ranch.
Last year, Bio-Logical Capital partnered with Pattern Energy to develop the controversial Big Wind project on Molokai.
Sotheby’s International Realty currently has the 4,500-acre ranch listed at $55 million. Oprah Winfrey is a neighbor to the property and own 165 acres of the original Hana Ranch property.
Harrison Shepherd, head of the Hana Ranch Partners’ executive committee, told Civil Beat that “there is nothing that is absolutely definite” at this time. Shepherd said that if a deal with Bio-Logical Capital didn’t close by the end of this year, it would likely not happen.
Keiki-Pua Dancil, vice president for Bio-Logical Capital in Hawaii, did not respond to calls from Honolulu Civil Beat but a spokesperson for the company, Monica Salter of the Bennett Group, a public relations firm provided Civil Beat with the following statement:
“As a company that is committed to making long-term investments in projects that heal land and communities through Stewardship Development, Bio-Logical Capital is interested in historic Hāna Ranch as a place where it could realize these goals and continue the legacy of this remarkable ranch. While the company has no news as to the acquisition of this property at this time, it is working with Hāna Ranch Partners to learn more about the opportunity.”