Real Estate/Development
Apr. 2, 2000
Historic winery sells for $100 million
In another example of the soaring prices for California vineyards, Stimson Lane Vineyards and Estates acquired the historic 3,000-acre Guenoc Winery in Middletown for approximately $100 million. The sale includes an adjoining 20,000-acre cattle ranch.
In another example of the soaring prices for California vineyards, Stimson Lane Vineyards and Estates acquired the historic 3,000-acre Guenoc Winery in Middletown for approximately $100 million. The sale includes an adjoining 20,000-acre cattle ranch.
The seller was the Orville Magoon family, which acquired the property in 1963 in exchange for 34 acres of prime Hawaiian real estate. Morgan Stanley helped the Magoons find a buyer.
This was the second California winery p...
The seller was the Orville Magoon family, which acquired the property in 1963 in exchange for 34 acres of prime Hawaiian real estate. Morgan Stanley helped the Magoons find a buyer.
This was the second California winery p...
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