Monday, June 27, 2016

King Brothers’ Alamo ranch sold to Santa Ana Pueblo

A sprawling New Mexico ranch owned by the family of former Gov. Bruce King has been sold to an American Indian tribe. Purchased by the late King and his brothers in 1961, Alamo Ranch is considered part of the state’s legacy ranches. It stretches across more than 100 square miles of high desert hills, prairies of native grass and arroyos in Sandoval County. The ranch went on the market in February for $33 million. It was sold for an undisclosed price on June 14. Hall and Hall Real Estate partner Jeff Buerger declined to release any details about the new owners, noting that the transaction has been discreet. Bill King, the son of the former governor, told the Albuquerque Journal the ranch was sold to Santa Ana Pueblo. “We’re glad that they purchased the ranch,” King said. “They’ve been our neighbors for a long time.” The Alamo Ranch is a working ranch that’s made up of more than 93 square miles of deeded land and another 21 square miles of leased property. It used to support a year-round cattle operation with herds that ranged from 400 to 1,200 depending on drought conditions. There are no public roads through the ranch, but there are numerous earthen stock tanks on the property along with cattle pens, a ranch headquarters, two wells and an assortment of wildlife...more

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