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Billion-Dollar Everglades Sale Drastically Downsized

Florida’s ambitious Everglades restoration plan has been drastically scaled back, a victim of the economic recession. Originally slated to be a 187,000-acre, $1.75 billion deal when announced in June 2008, the deal has gone back to the drawing board on

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Posted in Conservation, Eric OKeefe, Farming, Feature, Magazine, News Desk, Recreation, Regional News, South, Topics, Water

IP to Divest 143,000 Acres in Southeast

International Paper announced on March 2 that it plans to sell off 143,000 acres in the Southeastern U.S. in a transaction valued at approximately $275 million. IP will sell 114,000 acres to American Timberlands Fund I, L.P., for $220 million

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Posted in Feature, News Desk, Regional News, South, Timber, Topics

Behind the Woodshed: TVA

OK, let’s face facts. When it comes to bad neighbors, there are horror stories and then there’s TVA. What these guys have done make a crooked fenceline or stray livestock look like the county fair. Can anyone imagine what it must be

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Posted in Energy, Eric OKeefe, Feature, News Desk, Regional News, Residential Property, South, Topics, Water

U.S. Sugar Approves Sale of 180,000 Acres in the Everglades for $1.34 Billion

Today U.S. Sugar announced that its board of directors had approved the sale/leaseback of 180,000 acres to the South Florida Water Management District for $1.34 billion ($7,444 per acre). The transaction ranks as one of the largest of 2008 and

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Posted in Eric OKeefe, Farming, Feature, News Desk, Public Land, Recreation, Regional News, South, Topics, Water

CNL Lifestyle Properties to Pay $132 Million for Crested Butte, Okemo, and Mount Sunapee

CNL Lifestyle Properties, an Orlando-based real-estate investment trust (REIT) will announce today that it is acquiring Crested Butte Ski Resort in Colorado (pictured), Okemo Mountain Resort in Vermont, and Mount Sunapee Ski Resport in New Hampshire from Triple Peaks LLC

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Posted in Feature, Golf, News Desk, Northeast, Recreation, Regional News, South, Topics, West

Chesapeake Gets $3+ Billion Injection for Marcellus Shale

So the bottom has fallen out of the energy markets and commodity prices are dropping even lower. Next step? Time to welcome the overseas investors. Remember, folks, we’ve got trillions of dollars of assets tied up in land, and all

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Posted in Energy, Eric OKeefe, Feature, Midwest, Minerals, News Desk, Northeast, Regional News, South, Topics

Tiger Woods Debuts First U.S. Course in North Carolina

When it comes to golf course design, the Big Three has now become the Big Four. Developers looking to entice buyers with courses designed by Jack Nicklaus, Tom Fazio, and Robert Trent Jones can now add Tiger Woods to the list

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Posted in Feature, Golf, Recreation, Regional News, Residential Property, South, Topics

Florida Renegotiates Largest U.S. Land Purchase of 2008

The $1.75 billion purchase by the state of Florida of 187,000 acres in the Everglades belonging to U.S. Sugar has been renegotiated and substantially bettered. The state will no longer take title to the company’s high-tech mill, its citrus processing plant,

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Posted in Conservation, Eric OKeefe, Farming, Feature, News Desk, Public Land, Recreation, Regional News, South, Topics, Water

Amendment 4 Approved by Floridians

Voters in Florida overwhelmingly approved Amendment 4, The Florida Conservation Land Amendment, a measure that will lower property taxes on lands set aside for conservation. Amendment 4, which was  supported by Florida Governor Charlie Crist, was approved by 68.4 percent of Florida voters.

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Posted in Conservation, Feature, Regional News, South, Taxes

JOE Reports 3Q Loss

Florida’s largest private landowner, The St. Joe Company, reported a third quarter net loss of $19.2 million (21 cents a share) on Tuesday. JOE’s President and CEO Britt Greene cited the global financial crisis and the dowturn in the Florida.

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Posted in Energy, Eric OKeefe, Feature, News Desk, Regional News, Residential Property, South, Timber, Topics

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