Inside Business: Business briefs
ASPEN Aspen-based Mason & Morse Ranch Co. recently brokered the sale of the OchocoRanch in Prineville, Ore. The 42,428-contiguous-acre land holding abuts the Ochoco National Forest, Cascade Mountain Range and the Deschutes River Valley.The ranch, which was listed for $42.5 million, was owned through a partnership between an individual from San Francisco and a local partner from the Prineville area, according to John Stratman, Rue Balcomb and Robb Van Pelt, the listing broker team from Mason & Morse Ranch Company.Stratman says the sale is interesting as it involved such a large, contiguous piece of land and used what is becoming a more common financing option a large cash down payment and seller financing a rather non-traditional method, which is becoming more common in this tough economy.Many investors with a great deal of cash are choosing to put their money into land instead of the stock market, company officials said.
ASPEN Jones Lang LaSalles Project Development Services has won the project management of the guest room renovation for The Little Nell hotel in Aspen. The 92-guest room renovation will include custom millwork, creating a complete new look for the hotel. Designer Holly Hunt will be responsible for the interior design of all guest rooms and corridors. Renovations are scheduled to begin in early 2009, with project completion occurring before the next ski season.Anna Goodrich, vice president of project development services, will provide executive oversight of the project and Frank Campo, project manager, will lead the onsite efforts. Both are based in Jones Lang LaSalles Denver office. In addition, Jones Lang LaSalle Hotels group will provide strategic branding advisory services for the Little Nell.Jones Lang LaSalle is a financial and professional services firm specializing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.
GLENWOOD SPRINGS Symphony in the Valley has named Heidi J. Lord of Basalt as orchestra manager.Lord is the former personnel and stage manager for the St. Cloud Symphony Orchestra in Minnesota. She presently works as the office manager for the Aspen Music Festival and School, and as a freelance musician and instructor for the Unbeaten Path Percussion Studio. She will continue in those posts while serving as orchestra manager. Lord is a percussionist with the Glenwood Springs-based Symphony in the Valley, and holds a bachelors degree in percussion performance from St. Cloud State University.
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A recent survey of Aspen residents shows that people are happy here, feel safe but are financially insecure.