Dave Westall

East West Partners and KSL Capital Partners have announced that they will be teaming up to work on real estate development opportunities and acquisition opportunities, not only in Lake Tahoe but throughout the United States.

KSL Capital Partners purchased the Squaw Valley USA ski resort in December of 2010 from the Cushing family who developed the ski resort in the 1940's and opened the resort in 1949. Shortly after the acquisition KSL announced that they would be spending $50M on capital improvement projects with a focus on infrastructure, Village amenities, and culinary services.

East West Partners are know in Tahoe for their development of Old Greenwood, Gray's Crossing, The Village at Northstar, Northstar Highlands, and the Ritz Carlton. These 2 Colorado based companies have worked on many projects over the years, most notably the at the Vail and Beaver Creek resorts. It would appear that once again they will be working on another potentially lucrative real estate development opportunity right here in Tahoe.

"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".

In the above quote I find the line that states "targeting projects in need of completion" to be the most intriguing due to the fact that the Village at Squaw was only partially completed (Phase 1 and Phase 2) with 3 additional buildings yet to be constructed. The completion of the Village was said to be halted due to water rights issues, which could have possibly been resolved over the years. Fortune Magazine's April issue cover article is titled "The Return of Real Estate", I guess KSL and East West feel that this is the time for more real estate development in Squaw Valley.

Who knows what's in store for Squaw Valley, but it appears that in the coming years there will be a significant construction of some sort. Rumors have also circulated about the possibility of KSL purchasing the Alpine Meadows ski resort and connecting the 2 resorts creating a mega resort. Maybe this is the next project after the completion of the Village at Squaw. What I do know is that Squaw Valley is changing, for better or worse. Get ready, as it's sure to be a wild ride.

492 Club Drive represents a great opportunity to own a remodeled single story 4 Bed/2Bath/2 Car garage home that is located just 3 lots away from Paige Meadows providing direct access to endless recreation. This house also backs to 2 California Conservancy lots providing a private wooded setting that is very desirable in the Lake Tahoe real estate market.

The kitchen was recently remodeled and features vaulted pecky cedar ceilings, custom low voltage lighting, hand scrapped hardwood floors, granite slab countertops, knotty alder cabinetry, a breakfast bar with seating for 4, and high end stainless steel appliances. The kitchen and living room are open to each other creating a social great room that is sure to be the center of numerous memorable gatherings.

The Club Drive residence features a newer 50 year architectural composite roof, newer vinyl windows, and last week the house received all new frieze carpet, the interior walls were painted, and the entire house has been professionally cleaned. With all the updates and remodeling this house shows well, it's light and bright, and is ready for a new owner to enjoy.

This property has extensive landscaping featuring flower beds, shrubbery, specimen trees, rockery, and a great lawn area creating a one of a kind setting that will help you relax and enjoy. With a large deck and lawn area the backyard of 492 Club Drive is the perfect place to entertain guests or let your children play. The best part is that the subject property backs to 2 California Conservancy lots providing added privacy that you will surely enjoy.

Click here to view the listing for 492 Club Drive

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3101 Lake Forest Rd #141
Tahoe City, CA 96145

Listed at: $329,900

3101 Lake Forest Rd #141 is a must see remodeled end unit Townhome that is priced to move quickly! If you have been looking for townhomes and condos in Tahoe City or the North shore of Lake Tahoe I'm sure you have noticed that a majority of the inventory is disappointing due to poor unit location or due to the fact that most units for sale have not had any updates since the 1980's. My new listing is a must see and will surely be a hit with its fantastic upgrades coupled with an amazing complex location.

This Lake Forest Glen unit has an awesome location adjacent to a grassy common area for added outdoor enjoyment, and is just a quick stroll across the parking lot to the 2 HOA swimming pools, 4 tennis courts, and children's gymnasium. The Lake Forest Glen complex is located on the Lake Side of Highway 28 which will allow you to easily walk within minutes to the Skylandia Beach for immediate access to Lake Tahoe. Lake Forest Glen is also located just off the Tahoe City Bike Path which provides biking and walking access from Tahoe City to Squaw Valley or down the West Shore to Tahoma!

Along with a great unit/complex location my listing has been completely remodeled! The previous owners installed Hickory Hardwood flooring in the living room and dining area, ceramic tile in the kitchen and bathrooms, and newer plush carpeting in the remaining living areas. Unit #141 also features a newer asphalt composite roof that was installed by the HOA, vinyl dual pane windows, recessed lighting, and a pine trim and door package creating a space that is light, bright, durable, and ready for years of enjoyment!

One of the most expensive and notable upgrades in Unit #141 is the kitchen remodel which was tastefully completed featuring granite tile countertops, beautiful hickory cabinetry, modern stainless steel appliances, and an amazing custom hickory pantry/laundry area. This kitchen is sure to be the social center for all gatherings and I'm sure many lasting memories will be created in this wonderful space.

If you have been looking for a Tahoe City Condo/Townhome that is remodeled, has a great complex location, and is within close proximity to Lake Tahoe, downtown Tahoe City, Alpine Meadows, and Squaw Valley, than this is the unit for you! I would love the opportunity to discuss this property with you in more detail or take you out for a tour, so please feel free to contact me anytime.

Click here to view the MLS listing for 3101 Lake Forest Rd #141

Click here to search all Lake Tahoe and Truckee real estate listings

Best regards, Dave