Our landblog reports:
The owners of Hana Ranch and Bio-Logical Capital will be announcing “the execution of an agreement” on Thursday, according to Harrison Sheppard, head of Hana Ranch Partners’ executive committee.
Bio-Logical Capital has been working for months on a deal to buy the east Maui ranch, as Civil Beat reported in July.
Sheppard said that it “was a very complex transaction. It’s not technically correct to say the sale has been finalized.”
He said he couldn’t disclose further details at this time.