 Real Estate & Home
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Real Estate & Home News
From the NewWest blog: resorts in trouble-Wall Street Journal Analyzes Idaho Resort’s Collapse By Jill Kuraitis
Reporter Justin Scheck at the Wall Street Journal has an extensive piece today analyzing the downfall of Tamarack Resort in Valley County, Idaho.
“The luxury-resort boom brought windfalls to once-sleepy towns throughout the Rockies, as developers planned resorts with secluded homes and memberships to golf and ski clubs. Banks such as Credit Suisse Group, which syndicated nearly $1 billion in loans to luxury developments in the West, fueled the boom... [[Read more]]
Ketchum P&Z considers its first luxury hotel By Gary Stivers
The Warm Springs Ranch Resort is certain to be "a five-star property or above" but it may not acquire a 'brand' name in addition to that, the CEO of the development company said Thursday. DDRM Great Places CEO Stan Castleton spoke with Ketchum's planning and zoning commission in the River Room of the Big Wood Presbyterian Church and discussed the desirability of branding or not... [[Read more]]
LiveRez Redefines Vacation Rental Industry By Ralf VonSosen
BOISE, Idaho, June 12 /PRNewswire/ -- LiveRez, the emerging leader in online vacation rental software, is the first to bring a performance based business model to the $18 billion dollar vacation rental industry with a Pay-As-You-Book approach.
LiveRez is focused on increasing bookings and making property managers fully operational to maximize online bookings... [[Read more]]
From The New West Blog: Boise Place Company to be Liquidated By Matthew Frank, NewWest.net
A judge has ordered that the assets of developer Gary Rogers’ Charterhouse Boise Downtown Properties, having failed to convert the “Big Hole” in downtown Boise into an envisioned 31-story, mixed-use development called Boise Place, be sold to pay off creditors, the Idaho Statesman reports... [[Read more]]
Another Harbinger of The Crunch: Idaho’s Village Green Development Files for Bankruptcy By Matthew Frank, NewWest.net
The Village Green at the Valley Club, a new high-end subdivision and golf course development in Ketchum, Idaho, filed last week for Chapter 11 bankruptcy protection, owing more than $24 million to its creditors.
The development plan includes 43 custom homes -- valued at about $3 million each -- and a nine-hole Tom Fazio golf course, but so far only 13 homes have been completed and only seven of those have been sold, according to developer Henry Dean... [[Read more]]
Realtors Appeal Granted-Conforming Loan Limit Raised By Robert Crosby, Government Affairs Director, Sawtooth Board of Realtors, sbrgad1@cox.net
The U.S. Department of Housing and Urban Development has granted to the fullest extent possible the Sawtooth Board of Realtors appeal of the recently adjusted FHA Loan Limit for Blaine County. Prior to the appeal, the conforming loan limit was $427,500. As a result of the appeal, Blaine County residents may now take advantage of conforming loans up to $729,750, a whopping seventy-one percent increase! Blaine County is one of two counties in the continental United States to receive upward adjustments... [[Read more]]
Majestic but not without its challenges: Sense of Place-Understanding the Risks of Where You Live By Susan Duncan, NewWest.net
There are challenges of living in this breathtaking environment. Susan Duncan discusses in this continued series how similar risks that faced the pioneers decades ago are still present... [[Read more]]
Croy Canyon Ranch Receives $1 million Lead Gift By Jeanne T. Cassell, CCRF Board President
At a meeting on March 25th with the Executive Committee of the Croy Canyon Ranch Foundation, Harry Rinker announced that he is pledging a lead gift of $1 million toward the building of their senior living facility. Mr. Rinker was a member of the original Board of Directors of the Foundation, and says he is thrilled that the plans for this much needed facility are now moving forward... [[Read more]]
Video: Hailey hears Quigley Canyon plan By Gary Stivers
Dave Hennessey proposed the Quigley Ranch development for Hailey Planning and Zoning Commission Monday night before 60 valley residents, describing an upscale golf resort with –eventually- 379 homes beginning with density similar to East Hailey closest to town and estates several acres in size at the project's eastern end. Amenities include trails and trailheads with parking, several parks, a restored and functioning Quigley Creek and –Pond and of course a new public golf course... [[Read more]]
We're on the ascent: Tamarack Aside, Idaho’s Builders See Signs of an Upswing By Jill Kuraitis, NewWest.net
The dust has settled after the news broke in mid-February about the surprising bankruptcies of two of Tamarack Resort’s majority owners. Still, important questions remain: if Idaho’s most prominent resort has such difficulties, what will follow? What does it all mean?... [[Read more]]
Video: Sweetwater: More than housing By Gary Stivers
Hailey's Sweetwater development is taking steps to create a sense of community among its 400 or so homes by erecting a community center with a variety of uses including a theater, a fitness center, several meeting spaces, outdoor spaces including a patio and barbecue and a series of lectures on topics the developers hope will prove interesting... [[Read more]]
$262 million owed to credit suisse: Tamarack Resort Creditor Sues, Seeks Foreclosure By Matthew Frank, NewWest.Net
The investment bank Credit Suisse started foreclosure proceedings against Tamarack Resort Tuesday with a lawsuit filed in district court in Valley County, Idaho. The bank claims the upscale resort defaulted on its $250 million loan. The suit comes in the wake of the resort’s majority owners’ Chapter 11 bankruptcy filing last month... [[Read more]]
Video: Crystal Creek cluster development heard by Gary Stivers
The county's second look at the Crystal Creek cluster housing development on the former Diamond Dragon Ranch was largely given over to the 1,384-acre conservation tract and how it would be restored to functionality after decades of neglect. It was only near the end of the 3½-hour meeting that commissioners began questioning the developers about how the 38 homes would appear from Highway 75 or Timmerman Hill, how development would take place on what is sometimes a soggy plain, how much fill the access road would require, and other issues... [[Read more]]
Video: Warm Springs Ranch Resort by Gary Stivers
The City of Ketchum has told the developers of the Warm Springs Ranch Resort their development application is complete and community and economic development director Lisa Horowitz laid out an approval path that could allow the city's planning and zoning commission to approve it in June and the city council to confer preliminary plat approval in late summer... [[Read more]]
Real Estate & Development in the Northern Rockies
Panelists Wrangle (But in a Good Way) Over Growth and Planning by Jessie McQuillan, NewWest.net
Conferences aren’t known to be rowdy affairs, but a lively afternoon panel discussion Thursday at NewWest.Net’s second annual Real Estate and Development in the Northern Rockies conference in Missoula came close... [[Read more]]
Growth in the Northern Rockies: Building from the Best by Matthew Frank, NewWest.net
The mood didn’t need to be lightened after the lively (and testy) talk about growth planning in Western Montana that had just finished up, but the Sonoran Institute’s Dennis Glick got the audience going anyway, leading the 300-plus here at the second annual Real Estate and Development in the Northern Rockies conference... [[Read more]]
Read more Real Estate & Home news
Local Resources ..................................................................................................
Real Estate Brokers and Agents:
Lenore Carroll, Realtor, Sun Land Investments, Inc.
Real Estate & Home News (cont.)
Amenity Properties Hot, Entry-Level Housing Not by Yogesh Simpson, NewWest.net
NewWest.Net’s second annual conference on Real Estate and Development in the Northern Rockies kicked off this morning at 10,000 feet, with an aerial view of the housing market from economist Christopher Thornberg... [[Read more]]
Thornberg: ‘Trouble on the Horizon’ for Real Estate Market by Matthew Frank, NewWest.net
Last year at NewWest.Net’s first Real Estate and Development conference, regional economist Chris Thornberg, a founding partner of Beacon Economics, was on the money, predicting many of the recent developments in the real estate market. So during this morning’s keynote address at the second annual conference, the audience of 300-plus at the Hilton Garden Inn in Missoula was all ears... [[Read more]]
Planning, Zoning, and Water Problems: How Can We Solve Them? by Matthew Frank, NewWest.net
There is an enormous amount of confusion and frustration in the fast-growing Western Montana counties over planning, zoning, subdivision, regulations and water resource issues. Thursday, at NewWest.Net’s second annual Real Estate and Development in the Northern Rockies conference in Missoula, a few local experts combined to sort out the chaos and suggest ways to improve the processes. Alan McCormick, an associate at the law firm of Garlington, Lohn & Robinson in Missoula with a particular emphasis on development permitting... [[Read more]]
Rick Wishcamper on Sustainable Development in the Rockies by Anne Medley, NewWest.net
At first glance, Rick Wishcamper’s background looks a bit scattered—a bachelor’s degree in human ecology, a master’s in business and an MFA in poetry don’t readily combine into one clear career path. Yet this founding partner and President of the Rocky Mountain Development Group in Missoula has always known his passion.
“I have always been an outdoorsman and an environmentalist,” Wishcamper said... [[Read more]]
NewWest announces their 2nd annual Real Estate and Development in the Northern Rockies by Jonathan Weber, NewWest.net
We're very pleased to announce that the event will take place this October 25th and 26th in Missoula. We'll be bringing together developers, government officials, real estate agents, non-profit leaders, architects, landowners, educators and many others to talk about development in the region... [[Read more]]
Cove Springs Principals Disappointed with P&Z Recommendation by Cynthia Miley
“We are deeply disappointed with the Planning and Zoning Commission’s recommendation against the proposed Cove Springs development Thursday night, said Cynthia Miley, vice president, Cove Springs Development, Inc. This is the time to set a precedent with a place like Cove Springs that is community- and conservation-oriented. We look forward to our review with the county commissioners. [[Read more]]
Ketchum breaks ground on 4th St. upgrade (VIDEO) by Gary Stivers
City officials broke ground on 4th Street Tuesday morning, beginning the first construction project to re-invigorate Ketchum's downtown by prioritizing pedestrians over cars from the Community Library to the Post Office. [[Read more]]
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