Wednesday, April 08, 2020
Hawai'i Free Press

Current Articles | Archives

Thursday, August 16, 2012
Windfarm Developer in Complex Deal to Buy Hana Ranch
By News Release @ 5:30 PM :: 5872 Views :: Kauai County, DHHL

Hāna Ranch Partners to pass ranch stewardship to Bio-Logical Capital

News Release from Bennet Group, Representatives of Bio-Logical Capital

Hāna, Maui, Hawai'i - Bio-Logical Capital, LLC and Hāna Ranch Partners LLC announced today that they have signed a purchase and sale agreement to pass ownership of Hāna Ranch to Bio-Logical Capital. Bio-Logical Capital-a local land investment, development, revitalization, and conservation company-plans to continue sustainable cattle ranching and expand organic farming, as well as other stewardship activities. Bio-Logical Capital will conduct a due diligence investigation prior to the anticipated closing of the transaction; the purchase price and other terms were not disclosed. Daniel Omer of Island Sotheby's International Realty is representing Hāna Ranch Partners in the sale.

"We are truly humbled to take on the kuleana of this remarkable ranch. It is at once a privilege and a great responsibility. Hāna is one of the last, best places in Hawai'i untouched by urbanization, rich in abundant natural and cultural resources, and with the potential to become a model for sustainable ranching and farming practices in the state," said Guy Kaulukukui, senior vice president of Bio-Logical Capital.

Bio-Logical Capital plans to preserve Hāna Ranch as a working cattle ranch.

"Hāna Ranch is one of the best-managed cattle ranch operations in Hawai'i. Its employees have done a fantastic job of building a healthy, all-grass-fed, productive cattle herd. We want to build on their work and help lead Hawai'i in growing healthy food and strong communities," said Kaulukukui. "There are no plans for a wind project," he added.

"Hāna Ranch Partners is pleased to have Bio-Logical Capital become the new owner of Hāna Ranch. The company's commitment to agricultural operations, conservation of the land, and preservation of its history, ensures that the unique heritage of Hāna will be maintained," said Roy O'Connor, chairman of the Hāna Ranch Partners' executive committee.

"As a long-time supporter of healthy, vibrant and sustainable farming on Maui, I welcome Bio-Logical Capital to our island 'ohana as the new owners of Hāna Ranch," said Senator J. Kalani English, who lives in Hāna and represents Hāna, East and Upcountry Maui, Moloka'i, Lāna'i and Kaho'olawe.

"I believe Bio-Logical Capital's deep respect for the land, passion for thoughtful and sensitive stewardship of Hāna Ranch, and willingness to contribute to the betterment of our families makes them a natural fit with my hometown of Hāna. I look forward to working with Bio-Logical Capital and the entire Hāna community as we strive to make Hāna Ranch one of the best models for smart, sustainable ranching and farming in the nation," Senator English added.

Bio-Logical Capital will be a neighbor and collaborator in the Hāna community for generations to come; as a first step, it looks forward to continuing meetings with community leaders and working to engage with the community regarding this important project.

---30---

CB: Hana Ranch Being Sold To Big Wind Developer

CB: Monica Salter, a company spokeswoman with Bennet Group which represents Bio-Logical Capital, said that a sales agreement had been signed, but the company still had to finalize the purchase. She said she wasn't sure if there is an expected closing date.

"It's the furthest step (Bio-Logical Capital) has gotten with any project to date," she said.

The company is also seeking to develop a wind farm on Molokai in conjunction with San Francisco-based Pattern Energy, as part of a joint venture called Molokai Renewables. The wind farm is part of the Big Wind project that is envisioned to ship power to Oahu via an undersea cable.

In an interview with Civil Beat on Wednesday, Bio-Logical Capital CEO Grant McCargo skirted questions about a timeline for developing projects on Hana Ranch. He said that the company was also looking into a project on Oahu's north shore, but wouldn't disclose any details.

CB: Deal Reached for Hana Ranch

Harrison Sheppard, head of Hana Ranch Partners’ executive committee… said that it “was a very complex transaction. It’s not technically correct to say the sale has been finalized.”

 Maui Wind Map

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

ALEC

Alliance Defending Freedom

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust 

Build More Hawaiian Homes Working Group

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop 

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT