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For Sale: NC Waterfront Development Opportunity

Ever considered owning your own business on the water? Then take a close look at this one-of-a-kind opportunity to acquire a prime .66-acre parcel on the Atlantic seaboard in the heart of one of North Carolina’s most popular tourist venues.

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Posted in Feature, News Desk, Recreation, Residential Property, South, Water

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

America’s Top Brokerages and Auction Houses: Farmers National Company

Farmers National Company was begun in 1929–historically not a banner year for starting new businesses, but over 80 years have passed and the company is thriving. Originally, the company’s core business was farm management, and today it’s the largest, fastest-growing

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Posted in 2011 Spring, Auctions, Cattle, Farming, Feature, Great Plains, Hunting, Magazine, Midwest, News Desk, South, Southwest, West

$5 Million Hilton Head Easement Acquisition

Several funding entities, including Beaufort County and the U.S. Department of Agriculture, have pooled resources to acquire several key conservation easements on St. Helena Island as well as outright ownership of 19 acres on Hilton Head. According to news releases,

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Posted in Equities, Feature, Federal Policy, News Desk, South, Taxes

Market Watch: JOE Announces New COO

The St. Joe Company (NYSE: JOE) has appointed veteran real estate executive Park Brady to be its chief operating officer. Brady will report to the  executive committee of the company’s board of directors, which includes Chairman Bruce Berkowitz and Interim

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Posted in Feature, News Desk, Recreation, Residential Property, South, Timber

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

State of Georgia Acquires 10,015 Acres

In December, the Georgia State Properties Commission unanimously approved the acquisition of 10,015 acres of land in Houston County for $28.7 million from Oaky Woods Properties LLC. The Middle Georgia acreage is part of 16,000 acres in Oaky Woods west

Posted in 2010 Fall, Feature, Georgia, News Desk, Regional News, South, Stephen OKeefe

Energen Moves Into the Permian Basin

Birmingham-based Energen Corp. (EGN) announced the purchase of more than 40,000 acres in West Texas from SandRidge Energy (SD) in Loving, Reeves, Ward, and Winkler counties. Energen says it has identified 62 potential drilling sites in the 3rd Bone Spring

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Posted in Minerals, Regional News, South, Texas

IP to Sell 163,000 Acres for $200 Million

International Paper (IP) will sell 163,000 acres in the Southeast for a minimum of $200 million to an affiliate of Rock Creek Capital, a Jacksonville-based asset management firm that invests in unique, resource-rich land. According to wire reports, IP will

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Posted in Equities, Feature, News Desk, Regional News, South, Timber

$500 Million Everglades Deal Postponed Again

Florida Gov. Charlie Christ is getting a lesson that real estate brokers know all too well: big deals take time. It’s been almost two years since Christ announced the $1.75 billion purchase of 187,000 acres in the Florida Everglades from

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Posted in Eric OKeefe, Farming, Feature, News Desk, Public Land, Recreation, Regional News, South

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