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California  + Hospitality  | 

South Lake Tahoe Dev Site Picked up for $43M

Kidder Mathews closed the $42.5-million sale of The Chateau at the Village development site in South Lake Tahoe, CA that’s entitled for up to 380 residential units. The property at 4125 Lake Tahoe Blvd. was acquired by Newark, CA-based Kawana Holdings from Owens Realty Mortgage, which had foreclosed on the property.

The site includes eight acres of an original 11.5-acre Village development, where site infrastructure work was underway, though stood dormant since original entitlements were granted.

The site is entitled for “tourist accommodation units,” typically hotels or condos, though the new owner hasn’t indicated what type of product may be developed or a construction timeline.

Owens Realty owns the remaining acreage on Lake Tahoe Boulevard. It includes a 23,588-square-foot commercial building, which is fully leased, and another roughly 20,000-square-foot building that is being leased up.

Kidder Mathews’ Jeffrey Hutchins, Benjamin Pollock and David Wientjes brokered the deal.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
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