June 27 is when attorneys for Castle and Cooke’s David Murdock and billionaire Larry Ellison hoped to close a deal to sell the Pineapple Island, but there was no official confirmation that the deal closed as planned.
The governor and the Public Utilities commission members and staff posed for pictures in his office Wednesday.
The event was a bill signing to establish the framework for an undersea electric transmission cable to connect the islands.
The bill does not mention Lanai, and Gov. Neil Abercrombie said it was a coincidence that the Lanai sale was set to close on this day. He was optimistic that buyer Larry Ellison's investment in Hawaii is a good one.
“Every indication we have so far is he intends to follow through on everything and anything that's asked of him... on behalf of everyone to make this transition a happy one for everybody," said Abercrombie.
It is at the office of the Bureau of Conveyance where thousands of real estate documents are filed every day. But, there was no indication that a major transaction recorded today or may be filed later this week.
General land sales are recorded in the Honolulu office detailing what parcels are transferring hands.
But, those familiar with commercial transaction there are ways to get around triggering a conveyance tax calculated on the sales price.
"It just depends how the seller and buyer are structuring the legal part of the transaction," said state registrar Nicki Ann Thompson.
The Maui's real property tax office said this year it assessed 87,700 acres under Murdock's control at $325 million.