Big Isle project heads for auction - Hawaii Business - Staradvertiser.com: "Michael Fuchs had many hits as a former chief executive of HBO, but his dabbling in Hawaii real estate development appears headed for a bad ending.
Unsold pieces of the Ke Kailani luxury residential subdivision developed by Fuchs at Mauna Lani Resort on the Big Island are scheduled for a Nov. 18 foreclosure auction.
Three local lenders, led by Bank of Hawaii, claim that Fuchs defaulted on $52 million in loans he took out to develop the project featuring 39 single-family home lots and 12 condominiums mostly fronting three golf fairways of Mauna Lani's South Course.
The planned auction involves 25 single-family home lots, land planned for eight condominium units and two completed condo units -- all of which are being offered in bulk, not separately.
Fuchs, a New York resident, could not be reached for comment yesterday."