Wells Fargo & Co., JPMorgan Chase & Co. and Lone Star Funds acquire $9.65 Billion in U.S. Real Estate Loans
Aug 31st
“JPMorgan Chase & Co., Wells Fargo & Co. and Lone Star Funds won the bidding for Anglo Irish Bank Corp.’s $9.65 billion portfolio of U.S. real estate loans, according to three people briefed on the auction’s results.” Bloomberg Businessweek reports.
Wells Fargo has decreased the amount of commercial property loans held by the next five largest commercial real estate lenders by $1.3 billion by paying about 80 cents on the dollar for the Anglo Irish Bank Corp.’s portfolio. It’s a risk but Wells Fargo has targeted portfolios that are performing loans and are not as likely to bring negative consequences compared to loans made during the peak of the fall.
The details have not yet been released to the public and this information comes from persons briefed on the auction results.
Sources:
JPMorgan, Well, Lone Star Said to Win Anglo Irish U.S. Loans by Bloomberg Businessweek http://news.businessweek.com/article.asp?documentKey=1376-LQJTLQ0UQVI901-2IJCNHKC5G9CPTP7CDPT7B1KFA
Wells Fargo Jumps on Commercial Deals by The Wall Street Journal | Commercial Real Estate http://online.wsj.com/article/SB10001424053111903352704576540793407207006.html
Two Bozeman, Montana Businesses Get National Attention
Aug 29th
NAI Landmark would like to congratulate Bridger Photonics and The Natural Baby Company for being named in 500 Fastest Growing Companies list by Inc. Magazine. Bridger Photonics was not only ranked 164 overall, but also ranked number one in the engineering industry. The Natural Baby Company ranked 457. Both companies were founded in Bozeman and it is very exciting to see these two diverse businesses get national recognition. We wish them and all of the other adventurous entrepreneurs in southwest Montana continued success!
Click to read what Inc. Magazine has to say about Bridger Photonics (http://www.inc.com/inc5000/profile/bridger-photonics) and The Natural Baby Company (http://www.inc.com/inc5000/profile/the-natural-baby-company)
Read the full article in the Bozeman Daily Chronicle here.
Aaron’s Furniture, Electronics & Appliance Store Opening in Bozeman, Montana
Aug 29th
Today, the Bozeman Daily Chronicle announced that Aaron’s furniture, electronics & appliance store is opening in Bozeman soon. This means incoming jobs and stimulus to the local economy along with creating a beautiful store front for the N. 7th Street vicinity.
Aaron’s, a nationwide furniture, electronics and appliance store under construction on North Seventh Avenue, is scheduled to open in October.
Hilliard Thornton of Three Forks and his business partner David Lyons of Ennis are building the 7,000-square-foot franchise store on two empty lots between Big O Tires and Ferraro’s Fine Italian Restaurant.
Read more here.
Kimmett Properties, LLC’s recent acquisitions
Aug 24th
Jason Leep with NAI Landmark Real Estate recently represented Kimmett Properties, LLC in the acquisition of a 30,000 sf commercial retail lot in the heart of Belgrade, MT. The lot has excellent visibility from Jackrabbit Lane and is located between Big Sky Western Bank and Rocky Mountain Supply. Stay tuned for updates on the retail plans for this site.
Earlier this year, Kimmett Properties, LLC also recently purchased 719 W. Park Street in Livingston. NAI Landmark represented both sides of the transaction. The location was the former home of Loaf ‘n Jug. Kimmett Properties will tear down the old building to construct a new Cellular Plus retail store.
Farm & Ranch Property For Sale: Wierda Farm
Aug 23rd
Jason Leep with NAI Landmark Real Estate has recently listed a productive 650 acre farm just outside Bozeman, MT. This unique property is priced very attractively. Click here for more information or call/email Jason Leep at 406-539-0397 / jason.leep@nailandmark.com
The Wierda Family Farm
When Fannie (Brouwer) Wierda was born in 1914, her family was already farming the land along Camp Creek. Harold Wierda’s family would arrive ten years later and from that point, Camp Creek just north of the historic town of Anceney, was home to them. The grandchildren of Harold and Fannie (married in 1934) are the fourth generation roaming the wheatfields, taking in the views, hunting, and riding on the farm. It is not certain when Fannie’s family settled on Camp Creek but it is safe to say this land has been loved by the family for at least 97 years.
Originally over 1000 acres, the Wierda family farm was plowed, cultivated, harrowed, seeded, and harvested with the help of 16 horses. It wasn’t until 1939 that the tractors and combines took over for Dolly, Victor, and the rest of the hard working herd. The horses retired and the tractors took to the fields before there was electricity (1945), running water (1943), or even an indoor bathroom (1951) on the farm.
The fields still bare the names they were given generations ago. The “90 Field” is the wheat field to the west of Camp Creek Road. No one seems to remember why its called that; but the rolling 168 acre field has amazing views, backs up to a large ranch to the west and has an amazing home site. This parcel could easily accommodate a private landing strip as well. This parcel is referred to as Parcel 1 and is offered as part of the 650 acre farm or as a stand alone purchase.
Just to the east is the “Stocking Field,” Grandma and Grandpa’s apple tree, and the bulk of the farms acreage. At approximately 400 acres this central part of the farm is a mix of wheat fields, green pasture and cedar draws. Large herds of deer and other wildlife call this area home. Numerous home sites that feature secluded draw settings, or panoramic views of 6 different mountain ranges, make this a special place. This portion of the farm is referred to as Parcel 2 and can be purchased separately or together with the other parcels.
Parcel 3, the final piece of the 650 acre farm, is 68 acres which can be accessed from Wierda Way or through Parcel 2. This “Winter Horse Pasture” is where Dolly and Victor spent the off season. This parcel features an elevated home site that looks over the entire farm. As with the other parcels this can be purchased separately or as part of the whole. The Wierda Family Farm is as rich with nature and beauty as it is with history. This is a truly unique offering.
Brochure available here.
Living and working in Bozeman, Montana
Aug 12th
Another reason why living and working in Bozeman, Montana is beyond great. “Not only did Outside magazine name Bozeman one of America’s best ski towns last year, now it’s also given one of the city’s employers the distinction of being among the nation’s best companies to work for.
MercuryCSC, a downtown communications company, is listed 16th on a list of 50 best companies to work for in the magazine’s September issue, slated to be out Tuesday.
MercuryCSC employees enjoy a relaxed workplace atmosphere with group yoga, mountain biking and snow sports excursions, a company kickball team called “Who Shot the Serif?” and a company cruiser bike for running errands downtown, according to the company’s website.”
NAI Global Roadshow in Bozeman, Montana
Aug 10th
Executive Vice President for NAI Global, David Blanchard, visited Bozeman last week to present the 5th NAI Roadshow to NAI Brokers from Billings, Missoula, Bozeman and Idaho Falls. The two day event highlighted the many tools to assist members in delivering high quality real estate services to their clients that are available through NAI Global with an emphasis on cutting-edge tools, market strategies, mobile applications and technology. One of the highlights of the event was the presentation of Real Analytics a proprietary retail and food services site analysis tool that takes a lot of the risk and uncertainty out of the site selection process.
C-III Capital Partners recently acquired NAI Global, read more here. C-III Capital Partners is a full service real estate and real estate securities investment and management firm. It is among the largest and best financed private firms of its kind in the US. C-III has raised in excess of $500 million in new capital last year alone and owns institutional asset management firm managing a $150 billion asset base, through ownership interests in 100+ CMBS trusts.
Stay updated with ERA Landmark & NAI Landmark
Aug 5th
With the new Gallatin Field Airport expansion, Kohl’s building completion off College Street and hiring boom along with the new Safeway grocery store going in at 19th and Main Street not to mention Right Now Technologies local expansion, the buzz around town is that Bozeman’s still growing. But the buck doesn’t stop there, there’s a lot going on in Bozeman.

Here’s a few of the stories that might interest you:
- Gallatin Field Airport expansion opens to praise, but a few miss flights
- Kohl’s bringing more than 100 jobs to Bozeman, holding job fair next week
- RightNow Technologies gets national attention, plans to expand locally
- RightNow announces quarterly earnings are higher than expected
- Bozeman to consider new Safeway grocery
- Safeway webcam tracks sntore under construction
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Bozeman, Montana: A foreign trade zone?
Jul 26th
“A foreign trade zone would allow businesses in town to become global, and could result in a boost in the local economy” – BOZEMAN, Mont. — Mystery Ranch is a global leader amongst local businesses in Bozeman. The backpack company says they send their product to over thirty countries around the world.”We are becoming an international business and this is world headquarters,” said Gary Gullickson, head of government affairs with Mystery Ranch, “as we grow we need every tool that we can use to foster that growth.”Companies like Mystery Ranch are why the Bozeman Economic Development group recently sent out a survey to gauge the interest of local businesses becoming part of a foreign trade zone.

