comscore German industrialist buys some Parker Ranch land | Honolulu Star-Advertiser
Top News

German industrialist buys some Parker Ranch land

[ AD HAS BEEN REMOVED FROM THIS STORY ]

HILO — A German industrialist and biofuel pioneer has bought more than 3,500 acres of North Kohala land from Parker Ranch.

 

The Hawaii Tribune-Herald reported Tuesday that Michael Saalfeld bought the land in August.

Hawaii County tax records show one of Saalfeld’s companies — Kukuipahu Makai — paid $49.3 million for 35 parcels comprising 3,509 acres.

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

The parcels range in size from less than an acre to more than 1,600 acres.

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

 

Comments have been disabled for this story...

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature

Scroll Up