Hedge Fund Manager Buys Hala Ranch

John Paulson shelled out $49 million dollars for two estates totaling 128 acres in Aspen’s exclusive Starwood community. The transactions rank as the priciest in the area’s history. The seller, a Saudi royal, had originally listed the property for $135 million in 2006 before taking it off the market during the Great Recession. The combined property features a 56,000-square-foot main house with 15 bedrooms, a tennis court, indoor swimming pool, and stables.

Read more here.

Click here to download a copy of our June 2012 newsletter.

More Field Reports From The Land Report:

1. USDA Announces $32 Million Grant to Fund Restoration
   Agriculture Secretary Tom Vilsak announced a $32 million grant to improve water quality and restore wetlands along the Mississippi River. The program, which targets five projects in seven states from...
2. Lucas Considers Low-Income Housing for Grady Ranch
   After waging a prolonged battle with his neighbors over construction of a film studio in Marin County, filmmaker George Lucas has withdrawn plans to build a 260,000- square-foot production facility....