Deal to Sell Yellowstone Club Falls Apart

An agreement to sell the Yellowstone Club http://www.theyellowstoneclub.com/ for about $450 million has fallen apart, highlighting the increasing pressures on the high-end real-estate market.

In a March 26 letter, CrossHarbor Capital Partners, the Boston-based private-equity firm, said it was terminating an agreement to buy Yellowstone, the closely held golf and ski resort. The firm told the sellers — Tim Blixseth and Edra Blixseth — that it was unable to get adequate due diligence information.

By Robert Frank

Full Story: http://online.wsj.com/article/SB120692686594175889.html?mod=hpp_us_whats_news

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Yellowstone Club not for sale

By SCOTT McMILLION Chronicle Staff Writer

The Yellowstone Club, a millionaires-only gated community south of Big Sky, is no longer for sale, owner and founder Tim Blixseth said Sunday.

“The Yellowstone Club is not for sale and I am keeping it,” Blixseth said in a telephone interview.

Full Story: http://bozemandailychronicle.com/articles/2008/03/31/news/10club.txt