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Lanai's owner snaps up $40 million in housing

Some believe the purchases will house those executing Ellison's vision for the island

By Andrew Gomes

POSTED: 01:30 a.m. HST, Feb 23, 2014

~~<p>A $300 million deal in June 2012 made Larry Ellison the owner of nearly 98 percent of Lanai. The billionaire, however, hasn't stopped there and has turned to real estate acquisitions on Hawaii's sixth-largest island.</p>
<p>Since late 2012 a pair of Ellison companies have been buying up homes on Lanai almost two dozen for $40 million, according to property records.</p>
~~

A $300 million deal in June 2012 made Larry Ellison the owner of nearly 98 percent of Lanai. The billionaire, however, hasn't stopped there and has turned to real estate acquisitions on Hawaii's sixth-largest island.

Since late 2012 a pair of Ellison companies have been buying up homes on Lanai almost two dozen for $40 million, according to property records. Login for more...



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