AN EXTRAORDINARY LISTING

July 20th, 2010

We are pleased to announce the listing of 3190 South Kihei Road. This 31,000 square foot vacant lot sits on the finest part of world-famous Keawakapu Beach. It has been thoroughly prepared and approvals are in place for a 7300 square foot home.  This lot truly is the last of its kind and is the finest beachfront lot available on Maui. http://www.mauibeachfrontlot.com/

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MAKENA NOW OWNED BY LENDERS

July 20th, 2010

In a confirmation hearing held last week in Wailuku the first mortgage holders, led by Wells Fargo as trustee, won fee simple ownership of the Makena Resort. In effect the group agreed to pay itself $95 million. What this really does is simplify the entire situation surrounding the Resort. Either the owners can sell it, sell pieces or develop it themselves. This is the beginning, not the end of the story.

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