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Pacific

CatchMark Timber Trust Acquires 18,000 Acres in Oregon

In its first Pacific Northwest purchase, the company gains 18,063 prime acres known as the Brandon Property from Forest Investment Associates (FIA) for $88.8 million. The acquisition was funded with cash on hand and borrowing under an amended credit facility.

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Posted in Feature, News Desk, Oregon, Pacific, Timber

Monsanto Seeks to Have $289 Million Verdict Thrown Out

In September, the company asked to have the landmark verdict set aside (or the award reduced) in the case brought by California school groundskeeper Dewayne Johnson. Johnson alleged that the glyphosate in weed killers like Roundup and Ranger Pro gave

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Posted in California, Feature, News Desk, Pacific

Land Report September 2018 Newsletter

Microsoft cofounder Bill Gates paid $171 million in August to acquire 14,500 acres of farmland owned by John Hancock Life Insurance Company in one of the most coveted agricultural regions of Washington. The lofty purchase price eclipsed April’s $136 million

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Posted in Agriculture, California, Farming, News Desk, Newsletter, Oregon, Pacific, South, Southwest, Timber, Washington

Bill Gates Pays $171 Million for Washington Farmland

  Microsoft cofounder Bill Gates paid $171 million to acquire approximately 14,500 acres of highly productive farmland in Southern Washington from John Hancock Life Insurance Company. According to The Land Report, Gates’s acquisition, which closed on August 28, ranks as

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Posted in Agriculture, Cattle, Feature, News Desk, Pacific, Washington

For Sale: 157-Acre Parcel in Beverly Hills Lists for $1 Billion

157 acres of California development land to list for $1 billion? The New York Times reports that a 157-acre parcel in the Beverly Hills 90210 ZIP code will soon come to market for $1 billion ($6.3 million per acre). Zoned

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Posted in California, Developers, Feature, News Desk, Pacific

Preservation Tax Breaks Questioned

A Napa County grand jury has questioned millions of dollars in tax breaks that were doled out to preserve wine country farmland with little chance of being developed. Passed in 1965, California’s Williamson Act seeks to ease the financial challenges

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Posted in Agriculture, California, Conservation, Farming, Feature, News Desk, Pacific, Taxes

Land Report 2017 Agriculture Deal of the Year: Central Valley Farmland

The nation’s largest publicly traded farmland real estate investment trust stayed true to its business model with a nine-figure acquisition in 2017. Denver-based Farmland Partners (FPI) paid Singapore’s Olam International Limited $110 million to acquire 5,100 acres of permanent crop

Posted in Agriculture, California, Eric OKeefe, Farming, Feature, News Desk, Pacific

Land Report July 2018 Newsletter

The robust US economy means plenty of transactions to report in our July newsletter, including: Colorado’s Grizzly Ranch sells for $18.5 million Red Lodge Creek Estate goes to auction on August 30 A 157-acre mountaintop in Beverly Hills lists for $1

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Posted in Agriculture, Auctions, California, Cattle, Colorado, Conservation, Developers, Farming, Hunting, Minerals, Montana, News Desk, Newsletter, Pacific, Public Land, Recreation, Southwest, Taxes, Texas, Water, West

The Land Report Top Ten: Spring 2018

The nation’s leading land listings feature an average price tag of $155 million. — The Editors 1. Molokai Ranch (Hawaii): $260 million Pictured above, this 55,574-acre ranch ranks as one of the Aloha State’s largest and encompasses more than one-third

Posted in Agriculture, California, Cattle, Colorado, Conservation, Equestrian, Feature, Florida, Hawaii, Hunting, News Desk, Pacific, Recreation, Residential Property, South, Southwest, Texas, Water, West

Land Report 2017 Deal of the Year: The Dangermond Preserve

A $165 million gift, the largest in Nature Conservancy history, transforms a renowned California rancho from a lucrative development site into a unique haven. Text by James Fallows | Photography courtesy of The Nature Conservancy Good news for the environment

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Posted in California, Cattle, Conservation, Feature, News Desk, Pacific, Public Land

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