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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

For Sale: Split Rock Ranch

As previously reported, the Bell Ranch is the largest piece of property for sale in the United States today. At more than 290,000 acres, the massive holding would instantly qualify its new owner(s) for inclusion on The Land Report 100. But

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Posted in Cattle, Conservation, Farming, Feature, Great Plains, Hunting, Public Land, Recreation, West

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

By the Numbers: Rancho Sisquoc

Only The Land Report can offer an exclusive look at this historic, 38,000-acre California landmark in the high mountains of Santa Barbara County as Land Report Editor Eric O’Keefe interviews Jim Flood.

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Posted in Cattle, Eric OKeefe, Farming, Feature, News Desk, Regional News, Topics, West

Aspen Market Takes a Tumble

The 2008 numbers are in, and Pitkin County – the bellwether market for high-profile, high-dollar real estate in the Colorado Rockies – has gone downhill. Dollar volume? Down 46 percent from 2007. Real estate transactions? Off 40 percent.

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Posted in Eric OKeefe, Feature, News Desk, Regional News, Topics, West

Jeff Gordon to Sell Aspen Ranch?

The Aspen Times is reporting that four-time NASCAR champion Jeff Gordon is under contract to sell his 2,000-acre Aspen ranch. The buyer? John MacDonald, a Dallas developer who created the Dallas National Golf Club. According to the report in the

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Posted in Conservation, Eric OKeefe, Feature, Golf, News Desk, Recreation, Regional News, Residential Property, Topics, West

Forest Service Paving the Way for Plum Creek?

The nation’s largest landowner may be getting a last-minute, going-away gift from the Bush Administration. The Forest Service may amend existing easements, a step that would allow Plum Creek Timber (NYSE:PCL) to pave roads through USFS land.  Such a move would facilitate an

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Posted in Eric OKeefe, Feature, Federal Policy, News Desk, Regional News, Residential Property, Timber, Topics, West

Plum Creek Completes First Phase of $150 Million Montana Timber Sale

The nation’s large private landowner — Plum Creek Timber (NYSE:PCL) — took the initial step towards completing the sale of an estimated 130,000 acres of Montana forestlands last week. In the first step of a three phase plan, the company received

Posted in Conservation, Equities, Eric OKeefe, Feature, News Desk, Public Land, Recreation, Regional News, Timber, Topics, West

More Details Emerge on the Crested Butte Mountain Resort Sale

Last Friday’s sale of Colorado’s Crested Butte Ski Resort, part of a three-ski-area package acquired by CNL Lifestyle Properties from Triple Peaks LLC for $132 million, marks the second change in ownership for the Gunnison County landmark in less than five years.

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Posted in Eric OKeefe, Feature, Golf, News Desk, Public Land, Recreation, Regional News, Residential Property, Topics, West

Resilient Montanans Rally Around Timber

Worthwhile read in the New York Times today by Kirk Johnson for the National Desk. The focus of the article is less about timber or timberland as an investment and more about the Montana logging communities whose lifeblood has been altered by

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Posted in Eric OKeefe, Feature, Federal Policy, News Desk, Public Land, Regional News, Timber, Topics, West

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