Silver Strike Condo at Northstar for Sale-*Ski Back!!*

Silver Strike TRUCKEE, CA Ski-in condo at Northstar, quick shuttle ride to Village! Terrific Rental History 2BR/2BA Condo $344,500 Year Built 1974 Sq Footage 1,008 Bedrooms 2 Bathrooms 2 full, 0 partial Floors 2 Parking 1 Covered spaces Lot Size .255 acres HOA/Maint $285 per month Description Well price, loved and fully furnished 2 bed/2 bath Silver Strike condo offers tranquil creekside and open space views from 2 decks, and many upgrades: updated kitchen with newer cabiners, appliances, countertops, lights and flooring; new furnace (heating ducts tested and sealed); vinyl flooring in bathrooms; paint & carpet throughout. HOA improvements include newer windows and sliding doors. Prime location, *Ski BAck to the complex in winter and the Rec Center is just a short walk or shuttle ride away.* 3*rating on Northstar Lodgings rental program with strong rental history. Property Features Central heat Fireplace High/Vaulted ceiling Dishwasher Refrigerator Stove/Oven Microwave Washer Dryer Laundry area - inside Balcony, Deck, or Patio Community Features Guest parking Clubhouse Fitness center Swimming pool(s) Sauna/Spa Tennis court(s) Golf course Other Special Features Trails out your door, horse-back riding, 1 stop away from the Village At Northstar and the ski mtn. Additional Photos Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Contact Info Katie Benty Tahoe Mountain Resorts Real Estate 01400292 (530) 318-8280 For sale by agent/broker Equal Opportunity Housing

April brings: Rain Showers, Easter and Market Activity!

The Sierra's never cease to surprise me.  Just when I think we are firmly planted in Spring, unsettled weather sprinkles our meteorologists with doubt and uncertainty, and we experience that unsettled pattern through wind, rain, some snow, and colder temperatures.  I just hope that May brings more sunshine, as I think we all could use a change!  Luckily, our real estate market has noted the season, and settled into a more typical buying pattern than what we experienced this winter.  In the last 7 days we have seen 24  homes and lots sell, including 3 at the Northstar Lodge/Hyatt Residence club: units 304, 306 and 210 are now off the market.  While 304 and 306 have a signed confidentiality agreement, unit 202, a lovely 3 bedroom with the largest patio deck available facing the Village activity, sold for $1,020,000.  The Northstar Lodge expects to see 2 more units, 408 and 210, close within the next 2 weeks. Tahoe Donner saw the most closings with 9 out of the 24 sales.

The luxury market takes its place at 3 sales, representing Squaw, Northstar and Lahontan.  More interesting in this market is what went into contract in the last week:
79 Winding Creek in Painted Rock, Squaw, has gone into contract with an asking price of $1,650,000; The Resort at Squaw Creek saw a condo unit enter into contract with an asking price of $1,500,000;
609 EJ Brickell
at an asking price of $1,195,000; and the largest sale of the week:
8336 Valhalla at Martis Camp with a listing price of $5,975,000.


While the median price for closings remains well under the luxury market pricepoint, at $455,000 for a single family residence, it is encouraging to see that luxury market sales remain strong and stable, especially in Lahontan, Martis Camp, and Northstar.  Inventory is sure to grow as we "spring" into Summer, and I expect continued interest to grow in Martis Camp, especially when the Lodge makes its grand opening, providing Martis Camp owners the creme de la creme of private amenities.  Happy Easter, everyone!

East West Partners and KSL Capital Partners Join Real Estate Forces

Press Release:

KSL CAPITAL PARTNERS AND EAST WEST PARTNERS
 ANNOUNCE RESORT REAL ESTATE PARTNERSHIP


Denver and Avon, Co. (April 1, 2011) – East West Partners (“East West”) and KSL Capital Partners (“KSL”) announced today that they have partnered to pursue resort real estate acquisition and development opportunities throughout the United States. East West and KSL have a 25-year history of working together and developing resort real estate, dating back to their founders’ common time in Vail and Beaver Creek Resorts.


The partnership will be actively looking for existing and new development opportunities in first-class mountain, beach, and second-home resort real estate markets, seeking to capitalize on recent distress in these markets. Specifically, the partnership is targeting projects in need of completion, preferably ones with associated development opportunities.

East West was founded in 1986 with the purchase of a single piece of land in a then emerging resort called Beaver Creek. Today, that development is a world-class destination and the cornerstone for a portfolio of acclaimed projects in the finest resort destinations across the United States. East West’s extensive resort development history includes hotels, condominiums, fractional ownership, spas, golf courses, restaurants, retail, and clubs. In all, East West has successfully developed more than 60 projects comprising more than $3.0 billion of residential and commercial real estate, while protecting and enhancing the existing natural environment.



KSL is a private equity firm specializing in investments in the travel and leisure industries. KSL’s current and prior investments include some of the world’s premier resort properties, including Grand Wailea Resort Hotel & Spa, Arizona Biltmore Resort & Spa, La Costa Resort and Spa, La Quinta Resort & Club, Hotel del Coronado, The Homestead, Barton Creek Resort & Spa, and Rancho Las Palmas Resort & Spa. Many of these resort investments have involved significant real estate development components. Additionally, KSL’s current portfolio includes Squaw Valley USA, one of the premier mountain resorts in North America; ClubCorp, Inc., the largest owner of golf, country, and business and sports clubs in the world, with more than 150 destinations; and, Western Athletic Clubs, an upscale, family-focused fitness club company in California.


“Although resort real estate has been negatively impacted by the recent economic downturn, we believe long-term demographics support continued second home ownership growth in unique and memorable destinations. East West has consistently been one of the premier developers of resort real estate for more than two decades. They have a deep and talented team with a proven ability to create and transform resort communities. We are looking forward to an exciting and productive partnership,” stated Eric Resnick, Managing Director and Co-Founder of KSL.

Northstar-at-Tahoe opens 2 new theaters

Northstar-at-Tahoe press release:

NEW MOVIE THEATERS NOW OPEN IN THE VILLAGE AT NORTHSTAR™


TRUCKEE, Calif. – April 1, 2011 – Two new boutique style movie theaters have just opened in the Village at Northstar, offering resort guests and members of the community yet another opportunity to relax and rejuvenate with friends and family when they visit the resort. The Village Cinemas are operated by veteran theater owners Bloomhuff Theatres, Inc. and are the only movie theaters in the vicinity of Truckee, Calif.

Located on Copper Lane near the entrance to the Village at Northstar across from TC’s Pub, The Village Cinemas feature two screens, with one containing 96 elevated stadium seats, and the second containing 45 elevated stadium seats. Scheduled to be open seven days a week through the remainder of the winter season, The Village Cinemas will show Hollywood hits and offer a full service concession stand featuring popcorn, candy and beverages.

Show times and the “now playing” schedule are available by calling 530.562.8800. For the theaters’ opening week, movies on the schedule include “Limitless,” with daily showings at 4:00 p.m. and 7:00 p.m., and “Justin Bieber Never Say Never”, with daily showings at 4:15 p.m. and 7:15 p.m. Tickets are available for purchase at the door for $10.50 for guests ages 12-64, and $7.25 for kids ages 2 to 11 and seniors ages 65+ for all movie showings.

“We’re thrilled to have Bloomhuff Theaters as a new tenant in the Village at Northstar,” said Bill Rock, chief operating officer at Northstar-at-Tahoe Resort. “The Village Cinemas are a great addition to the existing collection of shops, restaurants and activity-based amenities that are available to resort guests and the local community.”

Northstar-at-Tahoe Resort is home to a recently completed base area village featuring more than 150,000 square feet of commercial retail space that contains unique shops, galleries, California-based specialty stores and restaurants, and a conference center. The resort’s popular 9,000 square foot outdoor skating rink is surrounded by inviting fire pits and lounge areas that are perfect for roasting s’mores or just hanging out. On-site lodging is available, ranging from affordable family-friendly hotel-style rooms to luxury condominiums and mountain homes, giving guests a variety of options to suit their preference.

For more information about Northstar-at-Tahoe Resort, visit www.NorthstarAtTahoe.com.