Shimogawa Scoops

A Native American tribe based in California and known for its casino resort has purchased more than 50 acres of land in West Maui for a total of $11.35 million, Shimogawa Scoops has learned. The agricultural-zoned lands are located between Olowalu and Lahaina, and includes a 6,640 square foot building. California’s Jackson Rancheria Development Corp., which is owned by the Miwuk tribe, closed on its big purchase last month, which comes out to about $5 per square foot. The land was formerly owned by WoweeMaui LLC. It’s not known what the tribe will do with the land just yet, although in a similar purchase two years ago in California, involving 113 acres of agricultural lands, the tribe said it had no plans to develop the property, according to published reports. The Jackson Rancheria Band of Miuk Indians own the Jackson Rancheria Casino Resort, which includes a casino, hotel, RV park, general store and gas station, according to its website.

Billionaire tech titan Larry Ellison continues to buy up real estate on the Hawaiian Island of Lanai, which he purchased a majority of for $300 million in 2012. Public records show that the Oracle Corp. former CEO’s company Lanai Resorts LLC paid $1.5 million for a 2,773, square foot, four-bedroom, two-bathroom home on a 15,784 square foot lot in Lanai City. The property has a total assessed value of about $1.1 million, according to public records. The sale closed last month to Ellison’s company. Ellison, the seventh richest person in the world, purchased 98 percent of Lanai, which included the Pineapple island’s two Four Seasons-branded hotels.

Singapore’s Far East Organization, one of the largest real estate groups in Asia, has emerged as the buyer of a large oceanfront Kahala estate once owned by Japanese businessman Genshiro Kawamoto, Shimogawa Scoops has learned. The 11-bedroom, 10-bathroom, 17,408-square-foot estate that encompasses 1.3 acres was purchased by Far East for $16.25 million, public records show. The property was part of Kawamoto’s real estate holdings in Hawaii that was purchased by major Hawaii landowner Alexander & Baldwin Inc. a few years ago for more than $100 million. The property was once listed for $22 million and was last sold for $18 million in 2010. It includes a waterfall and a guest suite, as well as a private veranda overlooking the beach. Hawaii Life Real Estate Brokers represented A&B subsidiary Estates of Kahala in this big transaction. Together with its Hong Kong-based sister company, Sino Group, Far East is one of Asia’s largest real estate groups. It has publicly-l...