Developers

Interior Department Investigates Renewable Energy Speculators

Remember the Interior Department’s ongoing investigation into possible abuses of the Royalty-in-Kind program? Now the department’s Inspector General has started to look into possible abuses by companies seeking to develop renewable energies on BLM land. Three years ago, BLM received six applications

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Posted in Conservation, Developers, Energy, Eric OKeefe, Feature, Federal Policy, Minerals, News Desk, Pacific, Public Land, West

Sold! Montana’s Yellowstone Club Goes for $115 Million

CrossHarbor Capital Partners LLC paid $115 million to buy Montana’s Yellowstone Club out of bankruptcy court yesterday. The Boston-based private-equity firm agreed to pay $35 million in cash and assume $80 million in debt owed to Credit Suisse. CrossHarbor will also infuse up

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Posted in Bankruptcy, Developers, Eric OKeefe, Feature, Golf, News Desk, Recreation, Regional News, Residential Property, Timber, West

Texas Senate Tackles Eminent Domain

Four years after the Supreme Court handed down Kelo vs. New London, eminent domain reform continues. Earlier this month, the Texas Senate passed an amendment that would make it harder for the government to seize land from private landowners via

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Posted in Developers, Federal Policy, Grant Gannon, Public Land, Residential Property, Taxes

Sold! Utah’s Promontory Club

Yet another twist to a story we’ve been covering out of Park City, Utah. Last year, the Pivotal Group, developers of the 7,200-acre Promontory Club, threw in the towel and sought bankruptcy protection. At stake was more than $350 million

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Posted in Developers, Eric OKeefe, Feature, Golf, Recreation, Residential Property, West

For Sale: Montana’s Sun Ranch

The jury is still out on my definition of dream property, but I’ll tell you this: Montana’s Sun Ranch is definitely in the running. Nestled on 18,000 acres just outside of Yellowstone National Park in the Madison Valley, the Sun

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Posted in Conservation, Developers, Equestrian, Feature, Hunting, Montana, Public Land, Recreation, Residential Property, Timber, Water

Sold! “Nicest Lakefront Property in East Tennessee”

Update: According to Chip Miller of NAI Knoxville, the Fort Loudon Lake property sold Saturday morning for $26.5 million to Bryan Testerman of Testerman Construction. That’s $54,000 per acre. Additional details to follow. Original Post: Nearly 500 acres just outside

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Posted in Auctions, Developers, Farming, Feature, Recreation, Residential Property, South

Largest Drop in Rural Land Prices? The Ukraine!

According to this ABC Australia report, land values around the world are plummeting. The hardest hit country? The Ukraine. The value of rural land in the Ukraine has plummeted a staggering 75 percent. The Australian news report indicates that the

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Posted in Cattle, Developers, Farming, Feature, Grant Gannon, International

Developer’s Diary: Canyon Ridge

When Mike Plant first set foot on the 5,700 breathtakingly beautiful acres of Northern New Mexico that would become Canyon Ridge, he knew he had found a gem. “I’m blessed, I’ve been around a lot of beauty, and anyone who

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Posted in Conservation, Developers, Eddie Lee Rider, Feature, News Desk, Recreation, Topics

Florida: “It’s Almost Like a Fire Sale”

A University of Florida study has put a staggering number on just how badly the economic crisis has impacted rural land values in the Sunshine State. The study concludes that land values plummeted upwards of 55 percent in 2008 from

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Posted in Developers, Farming, Feature, Federal Policy, Florida, Recreation, Residential Property, South, Taxes, Texas

For Sale: Colorado’s Hunt Ranch Back on Market for $30,000 Per Acre / $17 Million

In a surprising turn of events that is the norm in real estate development, the investment group that paid $8 million for an historic cattle ranch downvalley from Aspen was denied crucial development rights by Garfield County. Hunt Ranch LLC had applied to develop

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Posted in Cattle, Conservation, Developers, Equestrian, Eric OKeefe, Feature, News Desk, Recreation, Regional News, Residential Property, Topics, West
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