Fine & Company, LLC to Auction Haina Mill Estate – Outside of Honoka’a

Hawaii Business

On Thursday, November 5th, Fine & Company, LLC, an international real estate auction firm in cooperation with Hana Bay Realty of Hawaiʻi, will auction 48 acres of industrial and agricultural land, buildings, and single-family home next to Honokaʻa, Hawaiʻi.

The Historic Haina Sugar Mill was located on this site and operated from 1868 until the final harvest in 1994, after which the sugar mill closed permanently.

The real estate will sell, subject to a shocking minimum bid of $370,000 for the entirety. Bidders may also bid on five individual tracts or any combination with minimum bids as low as $5,000 for a two-acre tract. Sealed bids are due on or before 2:00 p.m. on November 5.

Michael A. Fine, president of Fine & Company, said: “This is a rare opportunity to acquire land on the Island of Hawaiʻi with difficult to find industrial zoning as well as some with agricultural zoning. Commercial real estate auctions are rare in Hawaiʻi, and even more rare is one with published reserves or minimum bids. Fine & Company publishes minimum bids so that buyers know the seller stands committed to selling, and now it’s up to the bidders to determine market value.”

The property is available for inspection on February 29th at 10:00 a.m. on October 10, 17, 24 & 31 by appointment confirmed at least 24 hours in advance. The purchase of a detailed Bidder’s Information Packet is required to bid. To schedule an inspection or order the packet, call (312) 278-0600 ext. 101.

Mahi Pono Appoints Tsutsui as Senior VP of Operations

MAUI NOW

Former Hawai‘i Lieutenant Governor Shan Tsutsui will join Mahi Pono, LLC, as its Senior Vice President of Operations and will lead the farming venture on Maui.

“Throughout his years of service, Shan has been a strong advocate and leader in supporting and promoting local food production and sustainable agriculture in Hawai‘i,” said Ann Chin, Mahi Pono president. “As a Maui native, he is sensitive to the needs of the community and embodies our commitment to being responsible stewards of the land and a catalyst for growth.”

As Senior Vice President of Operations, Tsutsui’s responsibilities will include business strategy, management operations, community leadership, and government relations.

“Mahi Pono’s farming venture represents a significant step forward in advancing agricultural opportunities on Maui,” said Tsutsui. “It is an honor to be part of this initiative and be able to continue working toward strengthening agricultural sustainability in Hawai‘i, so that we can make a lasting impact on our keiki (children).”

On Dec. 10, Mahi Pono announced the purchase of approximately 41,000 acres of former Hawaiian Commercial & Sugar Company (HC&S) lands on the island of Maui from Alexander & Baldwin. Mahi Pono is planning a full range of agricultural operations and related uses. There are no plans to convert any of the lands to non-agricultural purposes. Mahi Pono’s plans help ensure the continued use of the former HC&S lands for agriculture, the preservation of green, open space in Central Maui, and a consistent and long-term source of revenue for the local economy.

“We are committed to becoming a positive contributor to the local community. In the coming months, I look forward to working closely with the Maui community to discuss the best ways to support and strengthen local agriculture,” added Tsutsui.

Tsutsui joins Mahi Pono from Strategies 360, a strategic positioning firm, where he will continue to serve as managing partner.

During his terms as the Lieutenant Governor of the State of Hawai‘i, he created and oversaw various programs and initiatives that supported and promoted education, sustainability and sports, including the Resource for Enrichment, Athletics, Culture and Health (R.E.A.C.H.) initiative, ‘Aina Pono Hawai‘i State Farm to School Initiative, Sports Development Initiative, among other programs. Previously, Tsutsui served as a Hawai‘i State Senator and became the first Senate President selected from Maui. He is a former small business owner and financial advisor.

Tsutsui graduated from the University of Hawai‘i at Manoa with a Bachelor of Arts degree in economics, and is a graduate of Maui High School. He resides on Maui with his wife Lyndelle and their three daughters.

Mahi Pono purchases Alexander & Baldwin’s former HC&S Lands

  • Mahi Pono, a farming venture between Pomona Farming and Canada’s Public Sector Pension Investment Board, purchases approximately 41,000 acres of agricultural farmland from Alexander & Baldwin
  • Former sugarcane lands to remain in agriculture and become diversified, GMO-free farms

HONOLULU–(BUSINESS WIRE)–Mahi Pono, LLC, today announced the purchase of approximately 41,000 acres of former Hawaiian Commercial & Sugar Company lands on the island of Maui from Alexander & Baldwin. This agreement ensures the continued use of these lands for agriculture, the preservation of green, open space in Central Maui, and a consistent and long-term source of revenue for the local economy.

Mahi Pono (which means “to farm or cultivate morally and properly”) is a farming venture between Pomona Farming, LLC, a California-based agricultural group, and the Public Sector Pension Investment Board (PSP Investments)—a long-term investor and one of Canada’s largest pension investment managers.

Mahi Pono is planning a full range of agricultural operations and related uses. There are no plans to convert any of the lands to non-agricultural purposes.

“With our purchase of this fertile land, we want to help ensure that Maui’s residents can produce agricultural products for future generations,” said Ann Chin, President, Mahi Pono. “We want to expand Maui’s thriving and diversified agriculture industry. As we develop our plans, we will work closely with local stakeholders, including the agricultural community, our neighbors, government officials, civic leaders and the local community.”

“Mahi Pono is committed to sustainable agriculture,” added Chin. “We will be stewards of the land, and responsible users and protectors of Hawai?i’s natural resources and environment.”

“This agreement significantly increases the potential for a meaningful advancement in food security and a renewed pledge to growing agriculture on Maui, topics that continue to resonate with me since I initiated the ‘Aina Pono Hawai’i State Farm-to-School Program in 2015,” said Shan Tsutsui, former Lt. Governor of the State of Hawai?i, former State Senator from Maui and Mahi Pono advisor. “It’s my hope that the fruits of this agreement will have a lasting impact on our keiki (children), the agriculture industry, and the state’s ability to become truly sustainable for many years to come.”

Key elements of Mahi Pono’s plans include:

  • Production of high-quality, non-GMO foodstuffs for local consumption, with export potential.
  • Creation of jobs for local residents, with job training and educational programs for employees.
  • Providing land and water in an agricultural park for use by small, local farmers.
  • Providing local partners with resources such as farming expertise, farming resources and equipment, and development and farming capital.
  • Mahi Pono took over diversified agricultural leases, and purchased Kulolio Ranch and Central Maui Feedstocks, from A&B as part of this agreement.
  • A&B and Mahi Pono will form a joint venture to own and operate East Maui Irrigation Company.
  • All of A&B’s active agricultural personnel will be offered positions with Mahi Pono.

About Pomona Farming

Pomona Farming is committed to using natural resources responsibly, employing the very best farming practices, and acting as a positive contributor to local communities. It has significant experience farming diverse agricultural crops and managing cattle operations on over 100,000 acres. The company is focused purely on agriculture and has a track record of making long-term investments in farming projects.

About PSP Investments

The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with CAD$158.9 billion of net assets as of September 30, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London.

PSP Investments’ Natural Resources Group is committed to responsible, long-term investments in the agriculture and timber sectors globally. It partners with like-minded operators focused on best practices in health and safety, the environment and sustainability. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.

Contacts
Stryker Weiner & Yokota Public Relations, Inc.
Dawn Hirai, Executive Vice President
(808) 523-8802 ext. 212 or (808) 722-9445/mobile
dawn@strykerweiner.com

Haina sawmill project is pau

A judge has ruled in favor of a lender in a foreclosure suit on a former Pacific Northwest logger who attempted to turn the former Haina sugar mill in Honokaa into a sawmill.

Hilo Circuit Judge Glenn Hara entered judgment Dec. 8 against Haina Properties LLC and Robert J. Marr, known as “Barefoot Bob.” The ruling clears the way for a liquidation sale of the mill property.

Haina Mill Mortgage Lender LLC, a Delaware limited liability -company, filed the foreclosure suit in June 2009, claiming that Haina Properties and Marr — manager of Haina Properties and owner of the 49-acre mill property — defaulted on a $4.785 million loan taken out Sept. 27, 2007, plus an additional $379,000 borrowed May 2, 2008.

All told, Marr owes almost $6.2 million to Haina Mill Mortgage Lender, counting principal, interest, fees, taxes and expenses.

Also named as defendants in the suit were Kamehameha Schools and Hamakua Land Partnership LLP as owner and lessee, respectively, of Standard Oil Road, the access road to the mill. In addition, the county was named for property tax purposes.

Marr bought the 49-acre mill property for $3.3 million in October 2007. He told area residents that the mill — which closed as a sugar mill in 1994 — would provide 110 jobs paying $12 to $25 an hour, and would run in an environmentally-responsible manner.

Secrecy surrounds ranch’s sale of 3,509 acres to biofuel pioneer

Michael Saalfeld, a German industrialist and biofuel pioneer, has purchased the North Kohala acreage Parker Ranch quietly sold in August, according to government records.

One of Saalfeld’s many companies, Kukuipahu Makai, paid $49.3 million for 35 parcels comprising 3,509 acres, according to Hawaii County tax records.

The state’s business registry lists Saalfeld and his wife, Jeannette, as the company’s only members.

Located on both sides of Akoni Pule Highway, the contiguous parcels extend from Mahukona Beach Park north nearly to Puakea Bay Ranch. They range in size from less than an acre to a 1,681-acre parcel.

Tremendous secrecy has surrounded both the sale and Saalfeld, who owns other large tracts of land and Big Island companies.

Rather than offering its property on the open market, Parker Ranch in August 2009 sent a “confidential information memorandum” to a small group of prospective buyers. Each recipient “will be required to sign a confidentiality agreement,” according to the document from then-CEO William “Bill” Maris. He was let go last month after less than a year in that position.

In August, Parker Ranch issued a one-page letter to employees, retirees and ohana confirming the sale of roughly 3 percent of its 128,000-acre holdings.

Buying Farm Land on Kauai

Buying Farm Land on Kauai | Hawaii Life

How many of us haven’t at some time entertained the idea (except those who have already done so!) of running off to Kauai, buying a few acres, and “living off the land”. A potent fantasy indeed, and for the past several years, one realized only by those with considerably deep pockets – vacant agricultural land on Kauai has recently ranged from $100,000 to well over $300,000 per acre (depending on location, views, caliber of neighborhood, etc…); land with a house already on it, obviously, even more.

The recent economic travails, however, are certainly doing their part to bring farming on Kauai back from the realm of fantasy into something verging on do-able for a lot more of us. And as well, these travails are providing motivation – more and more of us just want to chuck everything and revert to a simpler, more sustainable lifestyle.

Acreage on the Big Island has always been more affordable – for one thing, there’s a whole lot more of it; for another, it comes with active lava zones, limited infrastructure, long travel distances, etc… Kauai is like a precious green jewel-box in comparison – much smaller, more accessible, more groomed. The soil is older, the distances smaller, the beaches closer. And it has been much, much more expensive.