Bankruptcy

SOLD! Grizzly Ranch Sells for $18.5 Million

Over-the-top Colorado Showplace salvaged out of bankruptcy. One would be hard pressed to put a value on the long list of improvements found on Colorado’s Grizzly Ranch. For starters, the 26,686-acre ranch boasts six residences, 33 livestock sheds, and steel-welded

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Posted in Agriculture, Bankruptcy, Cattle, Colorado, Equestrian, Eric OKeefe, Farming, Feature, Hunting, Residential Property, Water, West

Sold! Colorado’s Banning Lewis Ranch

This week, Ultra Resources confirmed that the company had purchased 18,000 acres of the Banning Lewis Ranch for $20 million. With the sale now complete, the U.S. Bankruptcy Court and the City of Colorado Springs will need to determine whether

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Posted in Auctions, Bankruptcy, Colorado, Developers, Energy, Feature, Minerals, Regional News, West

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

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

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