Residential Property

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

For Sale: 1.2 Acres for $12.5 Million

Every now and then, a listing comes along that is a flat-out jaw-dropper. Some, like the Bell Ranch at nearly 500 square miles, defy comprehension because of sheer size. At 186′ x 300′ this residential lot in the Dallas suburb

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Posted in Eric OKeefe, Feature, News Desk, Regional News, Residential Property, 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

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

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: Lance Armstrong’s Texas Ranch

Apparently retirement was just too boring for Lance Armstrong. The seven-time Tour de France winner ended his hiatus from cycling earlier this year and is currently in training for a shot at his eighth Tour title later this year. (Although

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Posted in Conservation, Farming, Feature, Grant Gannon, Recreation, Residential Property, Southwest, Water

Foreclosures Concentrated in Just One Percent of U.S. Counties

More than 50 percent of the country’s 3 million foreclosures in 2008 can be traced to just 35 of the 3,000 counties in the U.S. According to an article in USA Today, these counties were bunched in Southern California, the

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Posted in Eric OKeefe, Feature, News Desk, Residential Property, Topics

The Land Report Looks at Barack Obama

After analyzing George Bush’s legacy with respect to landowners, scutinizing the inclinations of lawmakers in the 111th Congress, and studying key members of President Obama’s cabinet, it’s time for The Land Report to look at the Commander-in-Chief himself.

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Posted in Feature, News Desk, Residential Property, Topics

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