Monday, December 27, 2010

Rentals/Condos to buy at Northstar hard to find!

I just received about the 20th call this week about where to find rentals at seems as if what we have been predicting with regards to the exclusivity and demand for Northstar properties is happening.

For about 7 years I have been talking about this "vision" for Northstar that aligns it with some more familiar Colorado destination resorts--a place where you can park your car and not leave for a week, have high end shops, restaurants and activities for everyone right outside your door. Go to the spa at the Ritz-Carlton Lake Tahoe and then gather with family around an outdoor firepit for smores and hot cocoa. No traffic, no worries about parking, ski storage or schlepping...sounds pretty nice right about now? (Let me stress....NO TRAFFIC....I heard plenty of stories over the holidays of traffic delaying people 1 hr+ from their normal travel time getting in and out of the resorts).

People didn't believe me for a long time. Well, it has happened. The "vision" is here.

All of the calls I have recieved are now understanding that Northstar has "made it"...and unfortunately they did not make their plans in time.

A lot of people don't realize that there are only 213 condos in the main Village + 34 Hyatt Residences if you want to be in the heart of the action at the base. There are a whole lot more than 250 families that want to stay up here and/or have a place that is convenient.

The rental rates for the Village and Hyatt are expensive over the holidays and prime ski weeks/weekends. A lot of people think that they can still get a good deal because "the economy is bad and people must be desperate to rent their places out..." Not the case. Last year was the second busiest season (for visitors and resort bookings) on record for N. Tahoe resorts, and I would venture to guess that this season will stack up there as well. (BTW rack rates for 2 BR at Hyatt for week between Christmas and New Years was $1832 for a 2 BR, for President's week which is sold out, the rack rates would be $2700 per night)....

Real estate prices are still great but the options are becoming limited as well. We have less inventory in the Village on the market which is causing a climate where we have ready and willing buyers but are waiting for the right product to come on the market.

You can make your own conclusions, but I am feeling confident about the Northstar market recovery and the scarcity of available properties shows that people have been buying for the right reasons...Don't miss your chance on the few condos left while the prices are still attractive!

Wednesday, December 15, 2010

OK to Walk Away?

This is a great article in the Sierra Sun by a local Truckee attorney Jim Porter about options for homeowners who are "underwater" on their home loans.

Interesting perspective.

Tuesday, November 23, 2010

KSL purchases Squaw & Snow update!!

Big news at Squaw Valley! Squaw Valley has been acquired by KSL Resorts out of Denver, CO. KSL has committed to investing over $50M in mountain and resort improvements in the next 3 years. Exciting changes ahead for Squaw! Read article below for more details.

Lets talk snow. Here I sit in yet another blizzard that is dropping another foot on the Tahoe area and from the view out the window you would think it was the middle of February. My husband went skiing at Squaw yesterday afternoon at 2:30 and got fresh powder tracks up past his knees off of Red Dog.

I have lived in the mountains in Colorado and Tahoe for my whole life and have never seen a November like this!

Even Ski Magazine has taken note of our amazing snow fortune...

What are the resort season totals so far? (Mind you they have been open for just a couple of days...)

Squaw is reporting 108 inches and that will go up after the storm we are in right now.
Northstar is reporting 79 inches.
Some other local resorts have not even opened yet.

No time to get those legs shape, you just have to get out there and ski or ride!

Have a great Thanksgiving holiday.

Friday, November 19, 2010

Huge storm on the way!

We are gearing up for our first big storm of the season that is heading in today. The weather service is calling for anywhere from 3-6 feet of snow! Quite a way to start off the ski season with Northstar opening today and Squaw Valley opening tomorrow. This will be the most snow that we have had in November in a long time.

If you want to read about more details, go to this website.

Monday, November 8, 2010

1st Snow in Tahoe!

We had our first significant snow at Northstar and Squaw last night! Several inches of snow fell and the mountains are covered top to bottom.

Squaw is reporting 6-8 inches over 8200 feet.

Northstar has set their opening date for November 20th.

Squaw is set to open on November 20th as well.

Hope you have your season passes, lodging, and equipment ready to go because winter is just around the corner.
If you are looking for a great deal on a condo, let me know because there are a handful of amazing opportunities out there right now.

Wednesday, October 27, 2010

Vail Resorts acquires Northstar-at-Tahoe

Please click on link for more details. This is very exciting news!


What does this mean for Northstar and the real estate development company (East West Partners) doing the development in the Village and on-mountain at Northstar?

1. Vail Resorts is the premier mountain resort company in the world with Vail, Beaver Creek, Breckenridge, Keystone, Heavenly Valley, and now Northstar-at-Tahoe in Lake Tahoe.

2. Vail Resorts is an outstanding company that is well managed and well capitalized. Vail Resorts will further enhance the transformation of Northstar and North Lake Tahoe to a true world class resort destination.

3. East West Partners has had a great long term relationship with Vail Resorts in Colorado and looks forward to partnering with them in Tahoe.

4. The combination of East West Partners, Vail Resorts, Ritz-Carlton, and Hyatt results in unrivaled collection of the strongest brands in their respective industries coming together at Northstar.

Monday, October 11, 2010

Ski Magazine Rankings

New Ski Magazine rankings are out...

Of note for CA ski areas:
Northstar moved from #16 to #15
Squaw moved from #8 to #17 (yikes)
Mammoth moved from #9 t0 #12
Heavenly stayed at #13

To read about how Ski Magazine ranks resorts and to see how other resorts fared, click on link below from Vail Daily.

Tuesday, September 28, 2010

Tahoe Fall 2010 = Summer!

If you have not been watching the weather up here that would explain why you are not here enjoying it. We have had 80+ degree days for almost a week and it looks like another gorgeous week is forecasted.

Of course, we think that we deserve it because we had such a late summer this year.

Fall is really one of the best times to be in Tahoe. It isn't crowded, the options for hiking and biking are endless! Oh, and of course there is the lake. And the golf courses are still open.

There are deals at all of the restaurants, everything is on sale at the outdoor shops, lodging is cheap, what more could you want?

I have decided this fall to take a bunch of hikes to celebrate the good weather. In the last 3 days I have hiked up Shirley Falls (no waterfalls this time of year but still very pretty), Page Meadows, and have hiked around the Watson Lake area on the back side of Northstar. All very different and pretty areas!

If you find yourself drawn to Tahoe, check out the trails and get outside! There are some great guidebooks in the book stores around here, or you can just go to an outdoor shop and ask for recommendations. I promise you won't be disappointed. Or go to for some suggestions.

Maybe I'll see you out there?

Tuesday, September 14, 2010

Recent Ski Area Survey

Recent Ski Area Survey

The “Ski Area Management” September newsletter published the results of a study conducted among resort real estate developers and salespeople to determine the current state of the market. The results validate Tahoe’s positioning for recovery. Among the many themes presented was a focus on many characteristics fundamental to this region:

• Buyers will follow a credible seller, in a proven location. They are not interested in a speculative purchase.

• Consumers want more use of their second homes. They are establishing and/or maintaining a resort lifestyle tradition that allows them to spend more time with family and friends. Convenience is important. Drive markets will benefit.

• Activity is important—buyers want access to skiing/biking/jogging/walking/hiking trails.

• Usage of second home properties will increase. Early analysis suggests that future owners will want to use their resort homes to create more “meaningful” and “relevant” life experiences. Rather than own three or four underutilized properties, these customers will purchase and own one special place for more frequent use.

• “Green” building is no longer a unique selling proposition. It is expected.

Nearly all of the trends listed above indicate a shift towards drive-to markets that can be accessed within a few hours of the consumer’s primary home. The home is generally of practical size and serves as a base camp from which various recreational activities (throughout all seasons) can be accessed. This would seem to define the Truckee Tahoe region and provide some optimism of a recovery that may precede other destination resort markets.

To read the full article:

Tuesday, September 7, 2010

Heli-ski operation comes to Truckee/Tahoe

Interesting article on a new heli-ski operation that will run out of the Truckee-Tahoe airport to the Sierra crest...another great example of the market recognizing the high end travelers that are coming to Tahoe!

Friday, September 3, 2010

Blog on Tahoe Mountain Resorts Website

Click on link below to see my blog on the Tahoe Mountain Resorts website about the Autumn Food and Wine Festival coming up next weekend.

Should be a great time! If you are planning to be in town don't miss this event.

Sunday, August 22, 2010

Has your property been re-assessed?

I get calls about this topic weekly from my clients. Do you know if your property has been re-assessed to reflect the decline in the real estate market? Although this may not benefit everyone in every community, here in the N. Tahoe area values have decreased significantly in a lot of cases and the assessors offices are constantly making changes to people's property tax bills.

I live in Nevada county and was looking at my tax bill recently. It seemed that the assessed value of my property was quite high compared to what I knew the neighborhood comps to be. I called the assessor and left a message, he called me back very promptly. He let me know that my neighborhood had been re-assessed but for some reason my house value had not been adjusted. This quick call knocked my assessed value down by $130K. Not great at all for my concept of real estate value in my home, but I might as well be paying the correct amount of taxes.

The point is, if you are in doubt, call the assessors office. There are few bright spots about owning a home or property that has significantly decreased in value. A simple phone call can at least save you some money on property taxes. Don't assume that the adjustments are automatically being taken care of!

Of course these adjustments aren't permanent and home values will continue to fluctuate.
Here are the phone numbers for the assessors offices in this area:
Nevada County: 530-265-1218
Placer County: 530-889-4300

Monday, August 9, 2010

Wine on the Water Event

Mark this on your calendars! This is going to be a really special and fun event. The Hyatt Regency in Incline Village has been generous enough to participate in the "Wine on the Water" event on August 29th and it will benefit the Boys and Girls Club of North Lake Tahoe.

There are going to be some really amazing wineries and restaurants there including Duckhorn, Stag's Leap, Silver Oak, Frank Family, Bennett Lane, Elyse, Schramsberg, Opolo, and more!

Go to:


for tickets to this great event. Hope to see you there!

Friday, July 30, 2010

Hyatt Northstar Lodge Video

I think this is my 2nd appearance on You Tube. That is probably a good thing.

Click on this link to see the latest news from the Hyatt Northstar Lodge.


The full ownership Residences at the Hyatt Northstar Lodge are really a great deal right now. Prices were just reduced and there has been a lot of interest. Let me know if you would like more information!

Friday, July 16, 2010

Tahoe Ski Resorts Post 2nd Busiest Season '09/'10

I know, I know. I shouldn't talk about snow during the middle of this gorgeous summer. But, I saw this article and I was very interested and thought you would be as well. We get a lot of gloom and doom in the media, so I found it fascinating that many Tahoe resorts had one of their busiest seasons ever last winter.

Read on!

Monday, July 12, 2010

Link to Article about Truckee

My faithful blog follower and aunt, Jane, sent me this article about Truckee and Donner Lake.

Thanks Jane! Enjoy...

Wednesday, June 30, 2010

4th of July Weekend

It is almost here! Fortunately the weather looks gorgeous and there are plenty of things to do in the Tahoe basin for the 4th of July weekend. There will be parades, music, art, wine and beer events, and of course all of the outdoor activities that you could ever want. The golf, mountain biking, boating, rafting, sea kayaking and hiking are waiting for you!

I found this article that has some good links to events and also talks about the fireworks showings for different towns.

Also take a look at for a calendar of events.

The Donner Lake fireworks in Truckee will also be on the 4th.

Also, if you will be here on a Thursday, definitely check out the "Truckee Thursday" downtown street festival. I went last week and it was a blast. They close down the main street of Truckee and have a farmers market, arts and crafts tents, live music, a beer garden, and fun activities for kids including a bouncy house. Canine kids are welcome on leash. The local businesses are all open and some have promotions. Truckee Thursdays run every Thursday of the summer through August 19th. Hours are from 5-9 PM

Monday, June 28, 2010


I was at the Lake Forest boat ramp the other evening and saw the largest most beautiful bear that I have ever seen in this area. He/she was truly magnificent. My husband and I watched the bear rumble across the parking lot and climb up a rock embankment to a lake front condo complex where an astute human waited with a bull horn to scare the bear away.

And I thought to myself, "we really have to be responsible with our trash and behavior to help these creatures stay out of trouble"...because as we have all heard time and time again, once the bear starts eating trash he/she will not be able to coexist with our human population.

So, I thought I would write about it prior to the big 4th of July holiday and hope that locals and visitors alike will be mindful about the impact they have on our bear friends. The more that we can do to keep them out of our trash, the more of a chance they have of surviving.

See this link below for some tips about how to "bear proof" your property:

There are also some other links on this page that are very informative. These recommendations are easy to do.

Next up....where to watch fireworks this weekend.

Friday, June 18, 2010

Western Mountain Resort Real Estate Website

I went to a conference the other day that involved the Western Mountain Resort Alliance. There were representatives present from Sun Valley, Vail, Steamboat Springs, Breckenridge, Park City, and N. Tahoe. I felt at home at this conference as I have been involved in real estate in most of the resort communities mentioned and could relate to the reports from these areas.

Anyway, I have on several occasions had clients ask me how other resort markets are doing and what they can get for "x" price in Tahoe, Vail, and Park City (for instance).

This website is very cool You can do a side by side search of different mountain communities and use the same criteria. So if I wanted to see what I could get for $800K in different areas, this website gives me a tool to search the MLS for several resort areas and compare values.

The site also has informative features to help if you are visiting a certain area, it gives weather and snow conditions, etc...

I am going to add this site as a link on my blog page and encourage you to check it out. This is a valuable and fun tool that I never knew about! Enjoy!!

Tuesday, June 8, 2010

Golf at Martis Camp

I played 9 holes at Martis Camp the other day and I have to say that I think it is the prettiest golf course that I have played in Tahoe. I cant wait to play the back 9...I think Thursday is the day. The course is in great condition. The elevation changes and views are phenomenal. The sand traps are very frightening, I recommend avoiding them at all costs, because there is a good chance you won't get out once stuck...

Really, I am not a good golfer. But I can appreciate a beautiful course that provides an amazing golf experience.

Wednesday, May 26, 2010

Squaw to open lifts for Memorial Day

Yes, it is true! If you are coming up this weekend, you can ski...

See link below. This is good news that we can take advantage of this late season snow.

Tuesday, May 25, 2010

Wacky weather continues...

Imagine my dismay that we are still getting snow and all of the ski mountains are closed! We have another 3 days of snow in the forecast, then back to the 60's for Memorial Day weekend. The golf courses are open, people are getting their boats summerized, we are pretending that it is warm. I have faith that the 70's are right around the corner. They had better be....

The moisture is very good for our summer boating outlook, though. Hopefully the lakes will stay full through the fall this year and this late spring will snow be well worth it.

If you are interested in our local weather bloggers forecast for this holiday weekend, go to:

Tuesday, May 11, 2010

Data for Q1 N. Northstar Market Narrative

Please refer to May 1 posting for narrative of all N. Lake Tahoe Q1 results, here is the data if you are interested in seeing what has been going on in the Northstar market at the beginning of 2010. If you have an interest in receiving the spreadsheet data for the whole N. Tahoe area let me know and I will email it to you.

Saturday, May 1, 2010

North Tahoe Q1 Review - Market Update

This post is thanks to one of my managing brokers Jeff Brown, I thought it was interesting and wanted to share. If you would like the spreadsheets that detail the data mentioned in this narrative, please let me know.

"Reviewing statistics from Q1 2010 is much like reading the news on real estate; one day there is a report indicating improving conditions and offering signs of recovery immediately followed by a different report of historically low sales and continued price regression. One has to assume that given the downward ride over the past few years, any recovery will begin in this manner with the good news slowly overtaking the bad.

Perhaps most important is to recognize that the volume of sales has increased by 81% over Q1 2009 from 156 to 281 units. Perhaps more telling is to note that 107 of these 281 sales were “distressed” sales meaning either REO (post-foreclosure) or short sales (pre-foreclosure). This equates to 38% of all sales versus 26% for the same period in 2009. For the entire Tahoe Sierra MLS, median priced dropped 8% compounding a 33% loss from the previous year.

Speaking more regionally, there are some better stories to tell including Northstar-at-Tahoe where median price rebounded by 10% after 29% and 13% drops each of the past two years. This increase was largely powered by sales in the Village at Northstar which saw an increase in median price of 25%. Some of this is attributable to a price vacuum as the developer sold through remaining inventory at liquidation prices in 2009 while a larger portion is due to the sale of several larger units in 2010 versus the mostly studio , 1- and 2-bedroom sales from the previous year. During the same period, homes at Northstar slid 8%; on par with the greater region.

Elsewhere, Gray’s Crossing has seen the greatest relative jump on sale activity with six homes and five homesites already closed in 2010 and many more of each currently pending sale. This is largely reflective of distressed inventory selling through at prices 45% off peak value for built product and up to 85% for vacant land. This story is remarkably similar to that of Old Greenwood from exactly one year ago. If the pattern holds, all product appropriately priced will sell through quickly while inventory that remains at pricing from 2007 or before will linger. After selling 11 homes in 2009, but one has sold in 2010; the lone sale being a “flip” at par value of one of the 11 from 2009.

Lahontan has traded four homes at values almost identical to 2009 values and approximately 41% off peak value. The regional bell weather, Tahoe Donner, is off 11% from 2009 compounding a 19% drop from the previous year and 34% from peak value.

Active inventory in these communities has reduced to 6-18 months worth though there likely remains significant “shadow” inventory in each community (those wanting to sell but unable to at current values). Given the current pace of sales, the greatest concern for the coming season is a lack of competitively priced inventory. While I imagine the process will be slow, I have hopes that this will eventually lead to a price increases over time.

Finally, Martis Camp continues to be the stalwart of the region selling homesites at a pace even greater than their remarkable 2009. Word is 20 developer homesites have traded in 2010 at an average gross price around $900,000. (The numbers reflected in the attached report are re-sales, posted literal to what is shown in MLS). The word is that there could be as many as 30 construction starts this year – a staggering number in comparison to the rest of the region.

Look forward to an increasingly positive report at the end of Q2."

Thanks Jeff!

Sunday, April 18, 2010

Ready for some golf?

Today is the last day of the ski season at Northstar, other mountains like Squaw will stay open until sometime in May.

The golf course prep is underway, it looks like the warm weather is here to stay!

The following are course opening dates (weather permitting):

Old Greenwood - May 12
Lahontan - May 7
Martis Camp - May 21
Gray's Crossing - May 12

Speaking of Gray's Crossing (if you have not heard)...Gray's will be open for resort play this season. Tahoe Mountain Club members will get a discounted green fee. Gray's was formerly a private course, so this will be a great opportunity for folks who have not played there yet to try it out! I have played there several times and the course conditions were phenomenal.

Go to for more details.

I am off to Kauai for my spring vacation so you won't hear from me again until May!

Friday, April 9, 2010

Spring Break Fun - Sun & Snow!

The conditions are still amazing for this time of year! We have been very fortunate to get some great storms and then several fabulous sunny bluebird ski days to follow.

Looking for something to do at Northstar over Spring Break week?

Click here for a list of fun activities.
More snow on the way this weekend, then sun to follow!

Next up....let's talk about golf.

Friday, March 26, 2010

Lake Tahoe Ski Resorts - Closing Dates

Yes, it is true. Just like that the ski season will be coming to an end within a month or so. Find out when the Lake Tahoe ski areas are closing here.

But wait! Don't despair yet! According to the latest weather forecasts, it looks like we may have a significant storm train coming in next week. It is not too late! Don't put away your gear! There will be plenty of time to enjoy the warm days ahead, but only a few more epic powder days until ski season comes to a close.

And, the timing couldn't be more perfect, right around the Easter holiday.

Click here to see the famous Tahoe Weather Discussion blog and forecast.

Sunday, March 14, 2010

When do most people buy?

Back to the crystal ball I go....But seriously, is one season historically a better time to buy? Usually around this time of year, I get the question, "do you think the sellers will be more motivated to sell their ski condo now that the season is coming to a close?"

The answer: every seller is different and has specific motivations for selling. It is hard to make a blanket statement that would cover every sellers situation. I have always been surprised at how busy the fall seems to be, and how little is sold during the winter. There is a perception that with all of the people visiting over the holidays it must be a busy time for real estate transactions. Not true!

Lets look at the real statistics below compiled by one of my colleagues for the past 3 years and you make your own judgement:


#1 Fall 357 transactions

#2 Summer 294 transactions

#3 Spring 188 transactions

#4 Winter 134 transactions



#1 Summer 243 transactions

#2 Fall 197 transactions

#3 Spring 194 transactions

#4 Winter 171 transactions



#1 Spring 289 transactions

#2 Fall 250 transactions

#3 Summer 228 transactions

#4 Winter 213 transactions


Data pulled from Tahoe Sierra Board of Realtors MLS site.

Friday, March 5, 2010

SnowFest 2010

It is that time of year! SnowFest! Make sure to see what events are going on if you are going to be in town for the next week or so.

Read all about SnowFest 2010...

Wednesday, March 3, 2010

EWP Entity Files for Chapter 11 Protection

This is the best article I have seen that describes the details of recent filing for Chapter 11 from one of the East West Partners Tahoe entities. Hopefully people will read this and the rumor mill can be controlled a little bit. I have emphasized some important points in bold if you don't feel like reading the full article.

See below....

Wednesday, February 17, 2010

East West Partners files for Chapter 11 bankruptcy protection

By Greyson Howard
Sierra Sun

TRUCKEE, Calif. — A spiraling economy and sluggish real estate market led East West Partners to file for Chapter 11 bankruptcy on Tuesday for some of its Lake Tahoe developments.

The filing primarily affects three local properties: Old Greenwood, Gray's Crossing and the Northstar Highlands, along with Tahoe Mountain Club facilities (all under Northstar Mountain Properties), according to a release from Blake Riva, who reps Lake Tahoe properties as a senior partner with East West Partners.

“The current economic conditions are warranting this filing,” Riva said in a Tuesday phone interview. “We've recently gone through changes in financial partners and concluded this would be best.”

The new Ritz Carlton Highlands, Lake Tahoe, and the Hyatt Vacation Club won't be affected by the bankruptcy filing, the release said, nor will Northstar-at-Tahoe, which is owned by Booth Creek Ski Holdings and CNL Lifestyle Properties.

“Our filing includes a short-term financing plan to operate our business as usual during the reorganization, and we'll work diligently to put a long-term plan in place,” Riva said.

That short-term plan comes in the form of $10 million, Riva said.

Looking toward the long-term, Riva said East West Partners doesn't plan to sell off property.

“We're not envisioning liquidation,” he said.

The roundabout intersection on Highway 89 north, already delayed by financial troubles with the Gray's Crossing development, shouldn't be further delayed, Riva said.

“The developer has placed certain funds in escrow for the construction of the roundabout, and we have a bond in place, so one way or the other, the town will have adequate funding to complete the roundabout,” Riva said.

Truckee Town Manager Tony Lashbrook said the roundabout is the only outstanding improvement from East West's development, so impacts from Tuesday's announcement to the town shouldn't be severe.

“It doesn't bode well for our property tax growth, but other developments have gone through this; it's not an unusual process,” Lashbrook said.

East West Partners specializes in real estate development and is developing resort properties in Vail, Beaver Creek and Summit County in Colorado; Lake Tahoe, Calif.; and Deer Valley, Utah, among other resort communities.

Steven Holt, director of public relations for the Ritz Carlton Highlands, said that while the hotel is owned by East West, it isn't affected by the Chapter 11 filing.

The Ritz is not included in the filing, so it doesn't impact our operations or business — we're business as usual,” Holt said. “We're having an amazing opening season.”

Kirstin Cattell, spokeswoman for Northstar-at-Tahoe, said the ski resort won't be impacted.

“We won't be affected, our operations won't be affected and our guests won't feel a thing,” Cattell said.

According to court documents filed early Tuesday in U.S. Bankruptcy Court for the District of Delaware, the company said it had $256 million in assets as of Dec. 31, 2009, according to a Tuesday story on Reuters. Excluding $189.4 million in contingent guarantee liabilities and bond obligations, it had $61 million in debt.

No Colorado impact

East West Partners founder Harry Frampton said the bankruptcy filing won't affect operations in the rest of the company. In Colorado, East West is involved in the Westin Riverfront Resort & Spa project in Avon, still has interests in Eagle Ranch, and is doing projects in Breckenridge and Denver. In addition to Lake Tahoe, the company is also involved in a project in Deer Valley, Utah.

“We have 15 to 20 projects going right now, and this was 100 percent isolated from the other projects,” Frampton said. “We've always tried to finance projects separately, so if we have a problem with one, it doesn't affect the others.”

Riva said East West Partners doesn't plan to sell off the property, and Frampton said the company intends to complete the projects.

Frampton said the Lake Tahoe development was hit by a double whammy. First, the Nevada real estate market is one of the hardest-hit in the country. Second, East West lost its lender on the project.

Frampton said East West for years did real estate investment financing with Crescent, a real estate investment trust. That company was bought a couple of years ago by Morgan Stanley, which walked away from its Crescent investments several months ago.

Frampton said taking the Lake Tahoe project into bankruptcy was essential in order for the company to “clean up” financing and other problems. And, he said, the project will receive a $40 million cash infusion from Barclay's Capital, which originally financed Morgan Stanley's purchase of Crescent.

“That's a real endorsement of the project,” Frampton said. “There are very few projects or companies that get $40 million in this environment.

“We're actually going to have a toast to that tonight,” Frampton said Tuesday.

— Scott N. Miller of the Vail Daily contributed to this report.

Thursday, February 18, 2010

The Ski Channel

I have not been doing much skiing due to all of the people coming in looking at real estate over the President's Week holiday (which is a good thing), but I have discovered this interesting Ski Channel to keep me up to date on things...

Check it out...


Wednesday, February 10, 2010

Some ideas for Presidents Week

Below are some ideas for family fun over the President's Week holiday. We have plenty of snow with a little more on the way Friday! Then it looks like a couple good bluebird days on the slopes and maybe some more snow if we are lucky. All the ingredients for a great ski vacation.

Feb. 14, 2004 (Sat)
Lover's Cup Race at Homewood
Public race, Lover's Cup dual slalom on the Happy Platter, Homewood Mountain Resort,

Feb. 14, 2004 (Sat)
Valentine's Day Race
A fun, free couples race for intermediate+ skiers and boarders. Northstar-at-Tahoe, 530-562-1010

Feb. 14, 2004 (Sat)
Valentine's Dinner at Snowflake Lodge
Enjoy a romantic sunset dinner at the Snowflake Lodge at Diamond Peak Ski Resort. Champagne and incredible sunset included.

Feb. 14, 2004 (Sat) Skier/Boarder Cross
Alpine Meadows Ski Resort,

Feb. 14, 2004 (Sat)
Where's the Love Valentines Day Scavenger Hunt
You have the chance to find the love on the mountain and be rewarded with discounts on food and lift tickets. Squaw Valley USA,

Feb. 14 - 15, 2004 (Sat - Sun)
Ski with the Presidents
Skiing Presidents? Keep your eyes open for them at Sugar Bowl Ski Resort, 530-426-9000

Feb. 14 - 16, 2004 (Sat - Mon)
Paul Mitchell American Freeski Tour
The hottest freeskiers in the world compete at Sugar Bowl Ski Resort, 530-426-9000

Feb. 17 - 18, 2004 (Tue - Wed)
President's Week at Tahoe Donner
Daily give aways including one Original Sin Snowboard and one pair of Dynastar skis. Must be present to win. Tahoe Donner Ski Hill,

Feb. 21, 2004 (Sat)
Mt. Rose Ridin' the Rails Freestyle Competition
Free entry into a freestyle board competiton held through the winter. Contestants will be grouped by age. Meet at the main lodge, Mt. Rose-Ski Tahoe,

Feb. 21, 2004 (Sat)
USASA Slalom Race
Boreal Ski Resort, Donner Summit,

Feb. 21, 2004 (Sat)
Sustainable Slopes Outreach Day at Northstar
National Ski Areas Association environmental awareness day, Northstar-at-Tahoe, 530-562-1010

Feb. 21, 2004 (Sat)
Sustainable Slopes Day at Sugar Bowl
NSAS and Sugar Bowl host special activities and events to raise environmental awareness and promote environmental stewardship to guests, Sugar Bowl Ski Resort, 530-426-9000

Feb. 21, 2004 (Sat)
Slide-X at Mt. Rose
Snowboard boardercross event in the East Bowl, Mt. Rose-Ski Tahoe,

Feb. 21, 2004 (Sat)
9th Annual Children's Glowstick Parade
Tahoe Donner Ski Hill hosts the kid's version of the Torchlight Parade. Kids 10 years and younger must ski or ride unassisted in the dark on the Snowbird run. DJ and snacks prior to the parade.

Feb. 21, 2004 (Sat) Big Air Event
Alpine Meadows Ski Resort,

Feb. 22, 2004 (Sun)
Mardi Gras Celebration
Cajun food special, beads, live music, Northstar-at-Tahoe, 530-562-1010

Saturday, January 30, 2010

Friday, January 22, 2010

Days of Powder are here....

It may seem like all I talk about lately is snow. Well, that is because all it has been doing lately is snowing. Which = talking about snow all of the time. It consumes your life because it takes forever to get anywhere, you have to dig out of your house in the morning and several times at night, and, of course, you have to ski as much as possible. It is a lot of work! This photo was taken yesterday afternoon on 89 right by Squaw.....lots of snow.....

Storm totals in the past week were between 6 and 7 feet for most of the resorts. That is pretty amazing. My friends and clients have been texting me non stop to find out what the latest news is.
We are hearing that more is on the way next week. It has been a good January. Hope you can enjoy some of the "white gold" that we have been so lucky to get.

Friday, January 15, 2010

Some great stats from the holidays-Big snow on the way

The holiday season has come and gone. It all seems like a blur to me, but I hope that everyone had a blast....

The REALLY big news is the chain of snow storms coming towards us. I am looking out my window today (see photo) and all I see are huge fluffy balls of snow pouring out of the sky. It is DUMPING snow. I am so excited to wake up at the crack of dawn tomorrow, shovel myself out of my house and go ski! Supposedly we are going to get 4-6 feet of snow this week, maybe more. This is the kind of weather that we have been waiting for. This is when the Legendary Tahoe Storm Tales are created that will be told for years and years...I can hear it now..."Remember the storm in January of 2010????" I hope that everyone who needed to go home after the MLK weekend got out, and I hope that everyone who got stuck is happy to get some extra ski days.....Photos to follow.

Back to some real estate news.....I heard some pretty incredible stats from the Christmas/New Years holiday weeks. In our (Tahoe Mountain Resorts RE) three offices at Northstar, we saw 337 groups of people in 2 weeks. It is amazing to me that so many people took time out of their holiday plans to look at real estate. Northstar broke all of their records for skier visits and retail sales in every single shop and restaurant in the Village. Some good news is nice when most of what we hear on TV is just gloom and doom.

It sounds to me like Northstar is the place to be!

Friday, January 8, 2010

Skiing in the fog at Squaw

I took these photos yesterday skiing at Squaw. The conditions were great and the fog was very cool...

Enjoy! Happy New Year!