Larry Ellison, the third richest man in the United States, has officially completed his purchase of 98% of the island of Lanai from Castle & Cooke Inc. David Murdock, the chief executive officer of Castle & Cooke stated, “It is very gratifying to me personally to see Lanai now in the hands of Larry Ellison, a very committed individual who will bring his ideas and energy to sustain the beauty and heritage of Lanai. My time on Lanai, known as the pineapple island, has been enjoyable and inspiring. I have devoted 28 years in shepherding Lanai’s transformation into a world-class tropical paradise.”
Governor Neil Abercrombie commented, “Every indication that I’ve had to this point is that Mr. Ellison and his associates are very anxious to create a good impression based on being responsive to the needs of the people of Lanai and the island itself. I’m sure that the sale of the island which has been completed today will give us an opportunity to go into a new era.”
Source: Honolulu Star Advertiser, 6-29-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
