Luxury cattle ranch sells for $34M

A luxury East Texas ranch has sold for $34.22 million.

Broseco Ranch, located in Omaha, Texas, a two-hour drive from Dallas, entered into a sealed bid auction in November. From that process, real estate firm Icon Global Group, which was marketing the property, sold the estate this week. 

The buyer is an arm of Amarillo-based Smith Ranches, the Dallas Morning News reported. Smith bought the property from previous owner Phillip English.

“We ran a very aggressive, strategic and tactical global…

Source: http://feeds.bizjournals.com/industry_21

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