Facebook CEO and founder Mark Zuckerberg, talks on the phone while arriving for a morning session his wife Priscilla Chan at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, in this July file photo from Bloomberg.
Facebook CEO Mark Zuckerberg apparently is buying even more beachfront property on the Hawaiian Island of Kauai, adding to his collection of hundreds of acres on the Garden Isle he recently acquired, a source close to the situation tells Pacific Business News.
PBN reported last week that the head of the world’s top social media company is the likely buyer of a 357-acre beachfront estate on Kauai’s North Shore called the “Kahuaina Plantation” for $66 million.
Now, Zuckerberg is apparently acquiring another 380 acres nearby Kahuaina from James Pflueger, the retired Hawaii auto dealer, who pleaded no contest last year to a felony count of reckless endangerment for his role in the deaths of seven people who were killed in a 2006 collapse of the Ka Loko dam on his Kauai property, for a total of about $56 million.
State records show that the sale closed last month to Pilaa International LLC, a Hawaii company with a Woodbrigde, Connecticut, address.
Pilaa International is not registered as a business in Hawaii, nor in Connecticut, according to business registration searches in those states.
The sales price for the Pilaa International transaction was about $50 million.
In another transaction, Pflueger’s Pilaa 400 LLC sold property to Hawaii-based Koa Kea International LLC, which lists Gary and Teresa Stewart, as well as Sara Jehn, an architect with Kauai-based Agor Architecture, as its managers.
Jehn did not immediately respond to a message left by PBN on Wednesday.
Wesley Chang, the Honolulu attorney representing Koa Kea International, also could not be reached on Wednesday.
Pflueger’s attorney, William McCorriston, founder and partner of Honolulu-based McCorriston Miller Mukai MacKinnon LLP, did not return messages left by PBN.
Zuckerberg, the 11th richest American and the 14th richest man in the world with a net worth of $33.7 billion, according to Forbes, has been to Kauai on vacation as recently as April 2013, along with his wife, Priscilla Chan.
Duane Shimogawa Reporter – Pacific Business News
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