Luxury Estate of Signifigance Sells in Sonoma

Alain Pinel Realtors is proud to announce the sale of perhaps the most luxurious country estate ever offered in Sonoma and Napa counties. Tucked away on 362+1- acres of prime Sonoma hillside, Shanel includes a magnificent residence completed in 1995, 7 acres of Syrah vineyards, guest house, caretaker residence, equestrian center and Lake Miwok, all surrounded by acres of woodland, meadows and wildflowers. The sellers are Gary and OJ Shansby, who have moved on from their twenty-year labor of love in order to travel and focus more on their company, Tequila Partida. “OJ and I wish the new owners as much happiness at Shanel as we’ve enjoyed creating and living on this wonderful property,” stated Gary Shansby.

Offered at $35,000,000 the stunning estate sold for an undisclosed amount. The listing was represented by Nicki Naylor of Alain Pinel Realtors in Sonoma. Nicki expressed, “I am honored to have had the opportunity to represent the Shansbys and their beloved Shanel. Certainly this has been the highlight of my 22 years of representing some of the most wonderful estates in wine country. “

Lembi Group Selects Alain Pinel Investment Group

Alain Pinel Investment Group Selected as Exclusive Sales Agent by Lembi Group for 232-Unit San Francisco Apartment Portfolio

SAN FRANCISCO, (May 20, 2009)Alain Pinel Realtors (APR) is pleased to announce its appointment by the Lembi Group for the sale of a 232-unit San Francisco apartment portfolio. The portfolio is valued at approximately $43 million and contains 12 buildings located in many prominent neighborhoods of San Francisco, including the Marina, Twin Peaks and Russian Hill. Stephen Pugh and Mark Bonn of APR’s San Francisco Investment Group will be marketing the properties.

“We are thrilled to bring this exciting investment opportunity to the market at a time when buyers are eager to acquire quality properties that generate attractive cash yields last seen more than five years ago,” said Stephen Pugh, Managing Director of APR’s Investment Group. “Buyers have been waiting for an apartment property offering of this kind that’s value-priced relative to current and future income potential.”

The properties will be marketed on a coordinated basis, but will be sold to either individual buyers or one buyer. Many of the properties are fully occupied, yet offer significant upside potential. “San Francisco remains one of the strongest rental markets in the Bay Area and it offers significant future growth potential as economic conditions improve,”, said Mark Bonn, Senior Director of APR’s Investment Group. “The properties are located in supply constrained areas of San Francisco that will not be overly impacted by new development, contains dedicated parking stalls and offer financeable value.”

Tim Murray, APR’s Vice President and Regional Manager of San Francisco and the North Bay said, “We are proud to be entrusted with this important sales assignment and I expect to see a very good response from potential buyers that will more than satisfy our client’s expectations.” In addition to Pugh and Bonn, the sales team includes senior sales associates Mirella Webb and James Murphy.

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