Developers

Trump Buys Kluge Winery at Auction

Donald Trump has increased his holdings in the heart of Virginia’s horse country when he paid $6.2 million for the 776-acre Kluge Estate Winery and Vineyard. Trump bought the majority of the vineyard holdings at an April 7 foreclosure auction conducted by

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Posted in Auctions, Developers, Farming, Feature, News Desk, South

Bank of America Buys Kluge’s Virginia Estate

Bank of America paid $15+ million for Patricia Kluge’s legendary Virginia horse country estate at a foreclosure auction on the steps of the Albemarle Circuit Court House in February. The lender filed a foreclosure lawsuit last month after Kluge defaulted on

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Posted in Auctions, Bankruptcy, Developers, Equestrian, Feature, News Desk, Recreation, Regional News, Residential Property, South

Market Watch: Tejon Ranch Sells Easements for $15.8M

Tejon Ranch (TRC) will sell five conservation easements covering some 62,000 acres of the 270,000-acre property to the California Wildlife Conservation Board for $15.8 million. The transaction is yet another step by California’s largest private landowner to monetize remote areas

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Posted in Cattle, Conservation, Developers, Eric OKeefe, Feature, News Desk, Recreation, Regional News, Stephen OKeefe, West

Harry Patten Honored By Horatio Alger Association

“Let me tell you a story.” It’s the signature line of real estate pioneer Harry Patten (shown here with much of the Patten clan). No matter if he’s addressing industry leaders, encouraging his companies’ managers, or explaining business fundamentals to

Posted in Developers, Feature, Recreation, Residential Property, Timber, Topics

Sold! Boot Jack Ranch Goes for $47 Million

One of the country’s premier listings, Colorado’s Boot Jack Ranch, sold earlier this month for $47 million. Originally listed at $88 million more than two years ago, the price had been subsequently lowered to $68 million. The Pagosa Sun reports a sales

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Posted in Cattle, Conservation, Developers, Eric OKeefe, Feature, Land Report Top 10, News Desk, Public Land, Recreation, Regional News, Topics, West

Historic Dahlstrom Ranch Conservation Easement Finalized

A conservation easement of historic proportions was purchased in the heart of the Texas Hill Country only a short drive from the Capitol of Texas. Hays County, the City of Austin, and the Hill Country Conservancy (HCC), with funding from

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Posted in Cattle, Conservation, Developers, Eric OKeefe, Feature, News Desk, Public Land, Regional News, Southwest, Topics

Crossing the Divide with Al Biernat

When it came to the Colorado hamlet of Creede, it was love at first sight for Dallas restaurateur Al Biernat (standing front and center with wife Jeannie and writer Trey Garrison). And what’s not to love about Creede? Nestled among

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Posted in Developers, Feature, Federal Policy, Gustav Schmiege, Minerals, News Desk, Public Land, Regional News, Topics, Trey Garrison, Water, West

Sold! Steamboat’s Perry Ranch

A well-known Rocky Mountain landmark, Colorado’s 470-acre Perry Ranch, sold for $11 million ($23,000+ per acre). The sellers paid $13 million for the Routt County ranch in 2007 intending to improve it and then market it as a conservation development

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Posted in Cattle, Conservation, Developers, Feature, Hunting, News Desk, Recreation, Regional News, Residential Property, Topics, West

For Sale: 19,079-Acre Pineywoods Mitigation Bank in East Texas

One of the largest wetland mitigation banks in the nation is on the market. Located in Angelina, Jasper, and Polk Counties, the Pineywoods Mitigation Bank is currently the largest wetland mitigation bank in Texas and is fully permitted with the

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Posted in Conservation, Developers, Feature, Federal Policy, News Desk, Regional News, Southwest, Topics, Water

Crescent Resources Files for Chapter 11 Bankruptcy

Charlotte-based Crescent Resources filed for bankruptcy protection in Austin on June 10 listing assets and liabilities in excess of $1 billion. Founded in 1969, the developer is owned by Duke Energy and Morgan Stanley’s real-estate fund unit and has interests in

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Posted in Bankruptcy, Developers, Eric OKeefe, Feature, News Desk, Regional News, South, Southwest, Topics
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