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High bid of $12M for 5,800 acres on Hawaii’s Big Island – Pacific Business News

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See on Scoop.itPRG HAWAII NEWS WITH RUSS ROBERTS

The highest bid at a foreclosure auction for more than 5,800 acres of sugar plantation land on the Big Island was $12.2 million and now a confirmation hearing for sale of the WWK Hawaii Holdings land is scheduled for June 27.

Russell Roberts‘s insight:

The land involved is located in the Ka’u District.  Back in 2006, a mainland U.S. group bought the former sugar cane land with the intention of making a high-end residential subdivision.  That plan never materialized.  Aloha, Russ.

See on www.bizjournals.com

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