Hana Ranch Being Sold To Big Wind Developer

flickr: blipsman

The owners of Hana Ranch have reached an agreement with Bio-Logical Capital, the company that has been seeking to purchase the east Maui parcel of land for months.

Bio-Logical Capital, with offices in Honolulu, Denver and San Francisco, focuses on environmental sustainability, including energy and agricultural projects.

Monica Salter, a company spokeswoman with Bennet Group which represents Bio-Logical Capital, said that a sales agreement had been signed, but the company still had to finalize the purchase. She said she wasn't sure if there is an expected closing date.

"It's the furthest step (Bio-Logical Capital) has gotten with any project to date," she said.

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