Land Report November 2011 Newsletter

Take a moment to scan the November edition of The Land Report newsletter. You’ll be amazed at the amount of activity going on in land markets currently.

Impending auctions of key parcels, record-setting new listings, fire-sale prices on bankrupt holdings – the number of transactions taking place in all sectors is quite encouraging and, as you will soon read, in all parts of the country.

For more up to the minute reports on listings, auctions, sales, and breaking news pertaining to land and landowners, be sure to follow The Magazine of the American Landowner on Facebook and Twitter.

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Land Report 100: A New No. 1?

Published reports point to a potential new leader atop The Land Report 100. Colorado’s John Malone, who closed on the 290,100-acre Bell Ranch in August 2010, is scheduled to add an additional 1+ million acres in Maine and New Hampshire to his holdings this week. When added to his existing portfolio of 1.2 million acres, it would be enough acreage to vault him from No. 5 on The Land Report 100 to No. 1, ahead of the Irving Family, Brad Kelley, Red Emmerson, and the current No. 1, Ted Turner.

The story is making national news, including an article by Katherine Seelye in The New York Times titled “For Land Barons, Acres By the Millions.” Wrote Seelye,

John C. Malone, a media mogul who is on the verge of buying nearly one million acres of timberland in Maine, could soon become the largest private landowner in the United States, catapulting him ahead of Ted Turner on the list of those who accumulate earth the way others accumulate, say, bison.

The Times quoted Land Report Editor Eric O’Keefe, who noted that “… when the tabulations are done and this transaction closes, Mr. Malone definitely will be America’s largest landowner.”

According to the Portland Press Herald, Malone’s BBC LLC will acquire 1,004,346 acres belonging to GMO Renewable Resources, a forest investment management company:

“The acquisition will  give Malone ownership of more than 5 percent of Maine’s total land mass of 22 million acres. All but about 30,000 acres of his purchase is in Maine with the remainder in New Hampshire.“

Shuttered Texas Silver Mine to Reopen?

First it was ethanol and the price per acre in the Corn Belt. Then oil and gas began propping up land values in mineral-rich areas such as the huge shales found coast to coast. Now other commodities are driving other forgotten or overlooked real estate markets, including an out-of-the-way section in Far West Texas where the state’s richest silver mine is slated to reopen after a seven decades of inactivity, according to this press release. Read more