Bankruptcy

Sold! Colorado’s Banning Lewis Ranch

Posted on October 14, 2011 by Land Report Editors

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…

Tagged with: Bankruptcy, Colorado, developers, energy, natural gas, oil & gas, Pike's Peak
Posted in Auctions, Bankruptcy, Colorado, Developers, Energy, Feature, Minerals, Regional News, West

Land Report July 2011 Newsletter

Posted on July 1, 2011 by Land Report Editors

There’s a lot of ground to cover in the July edition of The Land Report newsletter: auctions, equities, timberland, and several political developments affecting landowners, ranging from the passage of key legislation by the Texas Legislature to the appointment of…

Tagged with: Banning Lewis Ranch, Barack Obama, Dan Ashe, Eagle Ford Shale, Eric O'Keefe, Green Trees, Ken Salazar, KKR, land auctions, Plum Creek, U.S. Fish and Wildlife Service
Posted in Auctions, Bankruptcy, Cattle, Conservation, Developers, Energy, Farming, Feature, Federal Policy, Land Report Top 10, Minerals, Newsletter, Public Land, Recreation, Residential Property, Timber, Water

On the Block: The Yellowstone Club’s 160-Acre Family Compound

Posted on May 10, 2011 by Land Report Editors

Nestled in the heart of the world’s only private ski and golf community, the 160-acre Family Compound is without question the most unique offering ever presented in the history of the Yellowstone Club. The story of the property dates to…

Tagged with: CrossHarbor Capital Partners, Datsopolous, Edra Blixseth, Family Compound, Hall and Hall, land auctions, MacDonald and Lind, Montana, Tim Blixseth, Yellow Mule Creek, Yellowstone Club
Posted in Auctions, Bankruptcy, Developers, Feature, News Desk, Recreation, Regional News, Timber, West

Bank of America Buys Kluge’s Virginia Estate

Posted on March 3, 2011 by Land Report Editors

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…

Tagged with: Bank of America, farmland, Patricia Kluge, Sothebyâ€™s International Realty, Virginia
Posted in Auctions, Bankruptcy, Developers, Equestrian, Feature, News Desk, Recreation, Regional News, Residential Property, South

Crescent Resources Files for Chapter 11 Bankruptcy

Posted on June 15, 2009 by Eric OKeefe

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…

Tagged with: Andrew Hede, Arthur Fields, Bankruptcy, Chapter 11, Crescent Resources, Debtor-in-Possession, Duke Energy, Eric O'Keefe, Morgan Stanley Real Estate Fund
Posted in Bankruptcy, Developers, Eric OKeefe, Feature, News Desk, Regional News, South, Southwest, Topics

Sold! Montana’s Yellowstone Club Goes for $115 Million

Posted on May 19, 2009 by Eric OKeefe

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…

Tagged with: Credit Suisse, CrossHarbor Capital Partners, Edra Blixseth, Eric O'Keefe, Ralph Kirscher, Sam Byrne, Tim Blixseth, Yellowstone Club
Posted in Bankruptcy, Developers, Eric OKeefe, Feature, Golf, News Desk, Recreation, Regional News, Residential Property, Timber, West

Yellowstone Club Files for Bankruptcy

Posted on November 11, 2008 by Eric OKeefe

The world’s only private ski and golf community has sought bankruptcy protection. The Yellowstone Club, an exclusive 13,400-acre retreat in Montana’s Gallatin Mountains whose members include Microsoft cofounder Bill Gates and former vice president Dan Quayle, filed for Chapter 11 bankruptcy protection in…