Atlanta firm buys 500 acres of Hawaii land

-

An Atlanta-based investment advisor has purchased 500 acres of agricultural land on the Big Island of Hawaii for $3.5 million.
Domain Capital Advisors, which has more than $4 billion assets under management, paid $7,000 per acre on its purchase of the hundreds of acres at the Kealakekua Heritage Ranch on the Kona Coast of the Big Island. The seller was Tom Pace.
The land on Greenwell Mountain Road has a market value of about $2 million, public records show.
The land has one improvement, a single-story, 1,412-square-foot home that was built in 1972.
There have been several big land purchases by notable Mainland investors in the last several years including Oracle Corp.'s former CEO Larry Ellison's $300 million purchase of 98 percent of the island of Lanai in 2012 and Facebook CEO Mark Zuckerberg's more than $100 million purchase of hundreds of oceanfront acres on the island of Kauai. Molokai Ranch, which consists of about 35 percent of the island, is currently listed for $260 million.

Comments

Post a Comment

Popular posts from this blog

Architecture firm starts process to build new office at Bank of Hawaii building

-
Image
G70, one of the largest architecture firms in Hawaii, has officially started the process of building out its new office spaces in Downtown Honolulu, according to public documents filed Tuesday. The Honolulu-based firm has filed two building permits totaling about $1.2 million for the build-out of its new digs at the Bank of Hawaii building at the Financial Plaza of the Pacific. G70, formerly Group 70 International, is expected to move from its current space at the McCandless Building on Bethel Street where it has been for decades towards the end of this year. The architecture firm's move follows the migration of another one of Hawaii's largest firms — AHL, formerly Architects Hawaii Ltd., which moved to the Pacific Guardian Center in Downtown Honolulu, including the penthouse space at the complex's Makai Tower.
Read more

Exclusive: 'Survivor' host Jeff Probst buys posh Hualalai Resort estate in Hawaii

-
Image
Jeff Probst, the Emmy Award-winning host of the reality television series “Survivor,” has purchased an estate within the Hualalai Resort on the Big Island of Hawaii’s west coast for $4.85 million, Shimogawa Scoops has learned. Probst and his wife, Lisa Russell, closed on their big purchase on November 1, which includes 19,864 square feet of land and a four-bedroom, 5.5-bathroom home with an office within Kulanakauhale, the newest residential community in the Hualalai master-planned resort community. The 3,770-square-foot home was built by Aina Ola and furnished by award-winning designer, Gina Willman. It has gourmet kitchens with granite counter tops, custom African mahogany cabinetry, travertine flooring and Madeira concrete shake roofs. Hualalai Realty represented both sides of the transaction. Member amenities for this property include the Keolu Clubhouse and Hualalai Canoe Club, according to Hualalai Realty. The luxury resort community includes the Four Seasons-bra...
Read more

Marcus Mariota buys gorgeous Hawaii home

-
Image
Marcus Mariota, the Hawaii-born Tennessee Titans quarterback, paid nearly double the assessed value of his new Hawaii home. In May, the St. Louis School star purchased a more than 3,000-square-foot home near Kailua Beach in Windward Oahu with four bedrooms and four bathrooms for $2.45 million. The total assessed value for the property is $1.7 million. The purchase came out to $767 per square foot. The home, which was built in 2017 and purchased by Mariota in May, was only on the market for 90 days. It has a total floor area of 4,194 square feet and sits on a 10,000-square-foot lot. Amenities of the home include a pool, maid and guest quarters and a workshop. Mariota, one of the most popular athletes in Hawaii, was a star quarterback for the University of Oregon Ducks football team. Numerous local companies have latched onto his star power by having him become their spokesman, including First Hawaiian Bank and Island Insurance.
Read more