Rural Real Estate News
National News
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September 07, 2011 | Source: LandsofAmerica.com, by LandsofAmerica.com Support
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September 09, 2011 | Source: boston.com, by AP
The federal government is gaining control over an even larger expanse of rainbow-colored petrified wood, fossils from the dawning age of dinosaurs and petroglyphs left by American Indian tribes who once lived in eastern Arizona.
The National Park Service secured the first major private ranch within the Petrified Forest National Park boundaries yesterday, capping off negotiations that began years ago with the help of a conservation group. Scientists say they are eager to explore the more than 26,000 acres that have remained largely untouched and discover even more treasures.
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September 20, 2011 | Source: The Wall Street Journal, by Melodie Warner
Rayonier Inc. REIT (RYN) agreed to acquire about 250,000 acres of timberlands in Mississippi, Louisiana, Oklahoma and Alabama for $330 million from Joshua Timberlands LLC and Oklahoma Timber LLC.
The timber real-estate investment trust expects to close the deal in the fourth quarter, after which it will own, lease or manage about 2.7 million acres in the U.S. and New Zealand.
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