Mammoth Real Estate Coldwell Banker

Best Buys and Motivated Sellers - Update 5/11/2008

MRECB1 — Sun, 11 May 2008 12:53:24 GMT

BEST BUYS & MOTIVATED SELLERS
These are great deals on property in Mammoth Lakes CA. Call or Email us TODAY for more information. Great buys like these don’t last long and now is still a great time to buy real estate in Mammoth.

Wilderness View #1	3Bd+Loft/2Ba	$540,000 - Short Sale. 2 car garage. Private hot tub on deck. Tons of room and amenities for the price. You'd be lucky to get a 2+loft -- or anything with this much room-- at this price.
Starwood #31	4Bd+Loft/5Ba	$2,950,000 – At 5390sqft, that’s only $547/sqft. You couldn’t rebuild the house on another lot for anywhere near this price!
Wild Willy’s Arcade	Business Only	$55,000 – Easy, Fun & Flexible business to operate in Mammoth and sellers are MOTIVATED!!!
Crowley Lake: 66 Lake Manor Place	4Bd/2.5Ba	Only $669,900 - Family Room and Office. Two car garage. Big grass yard. Fabulous views.Only $669,900
Chateau Blanc #22	3Bd/2Ba	$524,900 - Only upgraded 3bd/2ba at Chateau Blanc
Mammoth View Villas #37	2Bd+Loft/2Ba	$479,000 - Lowest priced 2+L at MVV with great Sherwin's views.
Snowcreek V #720	4Bd/3Ba	$1,099,900 - Lowest priced 4bd/3ba at SC5 with 2261 sq ft and desirable Solitude Floorplan
Juniper Springs Lodge #446	2Bd/2Bd	$639,000 - Views of Mammoth Rock to the ski slopes, end unit on the 4th floor. REDUCED!
Mammoth Green #207	3Bd/2Ba	Only 719,900 - Rare south facing end-unit. Underground parking. Walk to Eagle Express
Juniper Springs Lodge #314	2Bd/2Ba	$599,000 - Rare wheelchair accessible unit with awesome rental income and Spectacular Views!
Crowley Lake: Mountain Meadows #11	2Bd+Office/2Ba and Large 2 Car Garage	$375,000 – New low price. Unit can easily be converted back to a 3Bd + Office with 2Ba for minimal cost.
Crowley Lake: Lakeridge Ranch Lot 12	Vacant Lnd	$219,900 – Lowest priced lot in Crowley Lake. Seller financing available.
Crowley Lake: Rocking R Lots 16 & 17	Vacant Land	Only $259,900 each. Take your pick! Flat, easy build lots surrounded by beautiful homes.
Sherwin Villas #50	2Bd+Loft/2Ba	$279,000 - Lowest price 2 and loft on the market today!!!! Great Amenities. Centrally located in town. Close to shops, shuttle and restaurants.
Wildrose #8	1 Br + Bonus room/Den, 1 ½ Baths. 2 open parking spaces	$320,000 - Frigidaire stove/oven, refrigerator & dishwasher. Granite sink tops. Tumbled stone tile in bath rm. & marble floor. Slate entryway. Stacked washer/dryer in closet.
Horizons IV #112	1Bd+Loft/1.75Ba	$320,000 - Priced almost $100,000 less than competing listing! This is a deal of the century!
Chamonix #59	1Bd/1Ba	$279,000 – 10’s of thousands lower than any other listings. Beautiful unit, simply decorated, with tons of class! Great rental – gross rental income just shy of $23,000 for 2007 (and that was a slow season)! A steal at this price!
Crestview #65	1Bd/2Ba plus Bunk area	UNDER CONTRACT: $290,000 – WOW…what a price for this unit with views and privacy close to Canyon and The Village.
Single Family: Trails Phase 1	4Bd/2.5Ba + Large garage	$835,000 – Lowest priced home in The Trails neighborhood. Beautiful slate entry and mountain views with large driveway and auto sprinkler system. Seller motivated…Make an offer today!
Snowcreek V #700	4Bd./3.5Ba + 2 Car Attached Garage	$949,900 - Located on Hole #1 of the Snowcreek Golf Course. Perfect for big family vacations. Oversized deck. Priced below all others to sell quickly.
Rocking R #2 (16 Shanna Cir) Crowley Lake	3Bd/2.5Ba + Family Room AND 3 Car Garage	$775,900 - Way below replacement cost and a better value compared to the other listings in the neighborhood.
Sierra Meadows II Lot 3 (Crowley Lake)	.46 Acres	$229,900 – Mountain views. Build your home and a second unit to rent out for income or for employee housing.
Snowcreek III #462	3Bd+Loft/4Ba	$849,000 – Priced lower than last sale – Highly desirable floor plan on the meadow. Upgraded and turn key.
Juniper Ridge Lot 22	Vacant Land	$1,995,000 – Ski in-Ski out prestige neighborhood. Panoramic views.
Wildflower 15	1Bd/1Ba	$299,900 – Fancy Upgrade for non-upgraded price

FOR MORE INFO - CALL 1-800-266-6966 OR
Info@MammothRealEstate.com FOR MORE INFO

*As of 5/11/2008

Town of Mammoth Lakes Prepares for Air Service at Mammoth Yosemite Airport

MRECB1 — Fri, 14 Mar 2008 19:19:25 GMT

Town of Mammoth Lakes Community Relations Manager Stuart Brown reported last week the Town is actively involved in numerous activities at the airport, many of which are related to reestablishment of regional commercial air service. The environmental reviews related to commercial air service under NEPA and CEQA are continuing and are expected to be complete in May. An environmental review of the runway resurfacing, which is an unrelated project is also proceeding.

Bids for updating the automated weather system and replacement beacons will be awarded soon, and bids to create a passenger terminal out of an existing maintenance building and to resurface the runway have been advertised. Discussion with Horizon Airlines about ground services are also said to be continuing. A TSA representative was scheduled to visit the airport this week to work out arrangements for passenger screening. In addition, a loan agreement with MMSA is being finalized to cover start up costs, and the Airport Commission has begun ground transportation discussions. -TOML

Mammoth Times, March 13, 2008

Ritz Carlton Residences in Mammoth Taking Reservations

MRECB1 — Fri, 08 Feb 2008 11:26:27 GMT

The luxury brand of Ritz Carlton Residences is bringing their type of luxury to the Eastern Sierras of California. The site spans over 7 acres and is adjacent to The Village at Mammoth and Village Gondola and borders the Westin Monache. Plans include a sky walk across Canyon Boulevard for pedestrian access directly to the Gondola. Reservations are currently being taken with a refundable $10,000 deposit.

The Ritz-Carlton Residences, Mammoth is located in one of the most spectacular settings in California’s Eastern Sierras. Its owners will have panoramic views in all directions, the lavish comforts of the legendary Ritz-Carlton, and direct access to The Village with its charming restaurants, shopping, and social life. The Residences will offer floor plans ranging from 1,200-4,000+ square feet in one-to-four bedroom and one-to-five bathroom options. As sweet as life will be at The Residences, it’s the larger setting that will add unlimited value to ownership.

For more information on The Ritz-Carlton Residences Mammoth, call Coldwell Banker Mammoth Real Estate at 1-800-266-6966 or Email Us .

MAMMOTH MOUNTAIN HIT BY MASSIVE STORM

MRECB1 — Tue, 08 Jan 2008 22:54:34 GMT

January 4, 2008
FOR IMMEDIATE RELEASE
Contact: Laura Johnson at 760.934.0645 or ljohnson@mammoth-mtn.com

**MEDIA ADVISORY**

MAMMOTH MOUNTAIN HIT BY MASSIVE WINTER STORM
• Mammoth Mountain is being hit by a massive winter storm. As of 3pm today,
Friday, January 4, 2008, the Ski Area had received over two feet of fresh snow.

• Forecasters are predicting increased winds and snowfall to continue throughout
the weekend and into the following week.

• Mammoth Mountain was open today from 8:30am to 4pm for skiers and
snowboarders to enjoy countless fresh powder turns. The Ski Area plans to
operate as scheduled Saturday, January 5, 2008, as conditions permit.

• Highway 395 and State Route 203 are currently open, however chains are
required.

• For current weather conditions and up-to-the-minute lift status reports, please
visit MammothMountain.com or call 888.SNOW.RPT.

Mammoth Mountain Ski Area is the leading four-season mountain resort in California. With 1.6 million annual skier visits, Mammoth Mountain is currently the third most frequented resort in the United States. The company owns and operates a variety of resort businesses including recreation, hospitality, food and beverage and retail. Specific businesses owned and operated by Mammoth Mountain include Mammoth Mountain Ski Area, June Mountain, Tamarack Lodge and Resort, Mammoth Snowmobile Adventures, Mammoth Mountain Bike Park and the Mammoth Mountain Inn. Mammoth Mountain also operates Juniper Springs Resort, the Village at Mammoth and Sierra Star Golf Course in Mammoth Lakes, California. For more information on Mammoth Mountain, visit MammothMountain.com or call 800.MAMMOTH.
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News on the Reopening of Snowcreek of Athletic Club in Mammoth Lakes CA

MRECB1 — Sun, 09 Dec 2007 19:12:04 GMT

Snowcreek Athletic Club: Frequently Asked Questions:

Will the Club stay open after November 30^th?

Yes. It will likely close for a several days so we can initiate some maintenance, reconfiguration, repairs and minor upgrades. We are busy scheduling activities now. We plan to provide you with more detailed information on the short-term closure dates by November 19^th.

What do I need to do to begin a membership at the NEW Snowcreek Athletic Club?

Please fill out a form that is available at the service desk or complete the one mailed to you (if you receive monthly statements). This form only requests contact information (i.e. name, address, phone, email address) at this point. We will be contacting all members within the next few weeks to provide you with a membership application and to answer your questions.

Will there be a new initiation fee?

No. Most of you paid an initiation fee with the prior owners. That fee was earned and used by the prior ownership and covered administrative costs of setting up your account and orienting you to the facility when you began your initial membership. It is not a security deposit and is not transferred to the new ownership group. We will have an open enrollment period for the first 30 days after re-opening the club. If you sign up a new membership agreement during that time frame we will waive any initiation fees.

What are the monthly membership rates going to be?

If you have a Gold Membership, Senior Gold Membership Monthly or Seasonal Membership your rates will be the same. If you have a membership as part of a group (i.e. Mammoth Mountain, Mammoth Hospital, etc.) we will be contacting your representatives within the next couple weeks to discuss continuation of your agreement.

Who are the new owners?

The new owners of Snowcreek Athletic Club have an established a positive business presence and reputation in the Eastern Sierra. The ownership team combines the management expertise operating the Double Resort and Spa in June Lake with the architect who created it and who has done business locally for many years. Our team’s commitment to quality and excellence will build upon the high standards established by the previous ownership.

What kinds of changes are planned for Snowcreek Athletic Club?

The changes and improvements can be classified as INITIAL (or DAY 1 as we like to call it) and PHASE 2. In the INITIAL phase we will be cleaning, reconditioning and making other minor improvements throughout the facility. Additionally, we will make some changes to the layout and location of the fitness equipment at Snowcreek. As a result, the location of cardio workout equipment, spinning bikes, some of the weight machines and free-weights will change. We will also move some of the classrooms to other locations and will re-open the Snowcreek Cafe. The Spa services component of Snowcreek will be expanded to offer you a more expansive and comfortable area for these services. We think you will like it. We hope to post a facility design diagram to provide you with some of the details of these changes by late November.

Do you have a website?

We are aggressively working on a new website dedicated solely to the Snowcreek Athletic Club. The site will allow members to look up class schedules, find more information on services available at the club and provide easy access for giving us feedback and suggestions. We will contact you shortly with details on how to access the website.

What if I have other questions not covered by this flyer?

Are happy to try and answer your questions. Please email us at membership@snowcreekathleticclub.com or write your questions on the back of the letter that came with your statement or is being handed out at the service desk.

Town of Mammoth Lakes Hospital Land Exchange, Mammoth Lakes, California

MRECB1 — Sun, 09 Dec 2007 19:13:11 GMT

The Hospital Land Exchange has closed. This action involved five public entities: the Town, the County, the Health Care District, the Fire District, and the U.S. Forest Service. It also involved an agreement with the Community Church, and the simultaneous closing of 18 privately owned parcels which were acquired and exchanged for the Forest Service land. The private parcels were critical in-holdings within the Inyo National Forest and Eldorado and Tahoe National Forest. The Town of Mammoth Lakes has entered into a separate three party agreement with the Town, County and State to sell a portion of the land to the State for a court building which may be built starting in spring of 2009. Plans for the Town’s Public Safety Facility are scheduled to be heard by the Planning Commission in December, and construction may also start in spring of 2009.

Sierra Nevada Conservancy Awards Mammoth Lakes Trails Public Access (MLTPA) Grant!

MRECB1 — Fri, 07 Dec 2007 20:05:36 GMT

At their December 6th meeting, the Board of the Sierra Nevada Conservancy voted to award the MLTPA Foundation $120,099 in grant funding, in support of CAMP!

This award, in addition to being the first MLTPA's had the good fortune of receiving, is also one of the first to be awarded in the State of California, as part of the SNC's first round of funding. We'd like to thank our CAMP partners--the Town of Mammoth Lakes, Mammoth Mountain Ski Area, and the United States Forest Service--for their unwavering public support of this partnered effort, and of MLTPA itself. Download the press release here!

This generous award will help MLTPA to bring to you CAMP: WINTER, February 7-12, 2008, at the Mountainside Conference Center in Main Lodge. Once again, the CAMP Partners and consultants eagerly await YOUR opinions on winter recreation, trails, and feet-first mobility in Mammoth. We'll send details shortly; in the meantime, click here to take the CAMP: SUMMER Trails Survey. Play your part in the vision!

NEW Mammoth Lakes California Library to Open December 17, 2007

MRECB1 — Mon, 26 Nov 2007 23:34:29 GMT

The new 16,067 square foot library located across the street from the high school at the corner of Meridian Blvd. and Sierra Park Road will officially open at 10:00 a.m. on Monday, December 17, 2007. The new library will be about four times larger than the current facility, and will be jointly used by Cerro Coso Community College. As a result, the existing library located on Forest Trail will be closed from December 2 to 16 for the move. The new library will be open Monday through Friday from 10:00 a.m. to 7:00 p.m. and Saturdays from 9:00 a.m. till 5:30 p.m. The Grand Opening for the new library has been scheduled for Sunday, January 20, 2008. For more information, please contact the library at (760) 934-4777.

CONTEST: My Home: The American Dream - Entry Deadline is December 7, 2007

MRECB1 — Mon, 26 Nov 2007 23:27:50 GMT

NEWS RELEASE

Media Inquiries: David Siroty Lori Silbert

Coldwell Banker Real Estate LLC CooperKatz & Company

973.496.7199 212.455.8036

avid.Siroty@realogy.com">David.Siroty@realogy.com lsilbert@cooperkatz.com

COLDWELL BANKER^®AND SCHOLASTIC ACCEPTING SUBMISSIONS

FOR 3^rd “MY HOME: THE AMERICAN DREAM” CONTEST

Nationwide Contest in Collaboration with Scholastic Asks K-8 Students

“What Makes Your House a Home?”

PARSIPPANY, N.J. (Nov. 19, 2007) – Coldwell Banker Real Estate LLC announces the launch of its third “My Home: The American Dream” contest. In collaboration with Scholastic, the global children’s publishing, education and media company, Coldwell Banker^® invites students in kindergarten through eighth grade to tell their personal stories, through images and words, about how their houses, apartments, or condominiums are not just places they live, but homes where dreams are shared and memories are made.

Students may focus on one of the following subjects: “How does your home fit into your version of the American Dream?” “What is your family’s heritage, and how do you celebrate it?” “What have your parents, grandparents and other family members taught you about the meaning of home?” Entries may be submitted in the form of a short film on a videocassette or DVD (three minutes in length, maximum); a storyboard with sequential images, a comic strip, or a series of photographs with text; or an essay accompanied by illustrations.

“Owning a home plays a big part in the American dream and that dream begins when we are children,” says Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. “At Coldwell Banker, we know that a home reaches beyond a physical structure. It is built from the heart through the dreams a family shares and the long-lasting memories they create. A home has no boundaries and we look forward to hearing from children across the country with their creative perspectives.”

Three grand-prize winners (grades K-2, 3-5, 6-8) will each receive a $2,000 cash prize awarded for their excellence in creativity, originality, and overall quality and effort. In addition, 50 runners-up will each receive a $100 cash prize. The teachers of the three grand-prize winners (or parents who home school) will each receive a digital video camera for their classroom valued at approximately $600, and one project submitted by an entire class will receive a $250 cash prize for that class or school to share.

All winners and runners-up will be featured on www.coldwellbanker.com and in a Spring 2008 issue of Instructor magazine and/or on www.scholastic.com/instructor.

Entries must be postmarked by December 7, 2007 and received by December 21, 2007.

For further contest details, please visit www.coldwellbanker.com/AmericanDream or www.scholastic.com/instructor. The contest is open to residents of the United States who currently attend grades kindergarten through eight, as well as children in those age ranges who are home schooled. NO PURCHASE NECESSARY.

About Coldwell Banker^®

Since 1906, the Coldwell Banker^® organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine’s prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,800 residential real estate offices and nearly 120,000 sales associates in 45 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International^® division. It is a pioneer in consumer services with its Coldwell Banker Concierge^® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Mortgage is one of the largest telephone/Web-based lenders in the country. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker^® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

About Scholastic

Scholastic Corporation (NASDAQ:SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, http://www.scholastic.com/.

# # #

Federal Aviation Administration (FAA) Proposed Horizon Air Scheduled Service to Mammoth Yosemite Airport Environmental Imact Statement - Newsletter #2

MRECB1 — Mon, 26 Nov 2007 22:59:19 GMT

November 2007 - Proposed Air Service

Horizon Air proposed to conduct scheduled service from Los Angeles International Airport (LAX) to Mammoth Yosemite Airport (MMH) using their Bombardier DHC 8-402 (Q400 Dash 8) aircraft. The Q400 Dash 8 is part of the Bombardier Dash 8 family of turbo-propeller driven passenger aircraft. The Q400 Dash 8 can seat up to 76 passenger aircraft. The Horizon Air has provided the Federal Aviation Administration (FAA) with a letter of intent to initiate winter ski season passenger service into MMH.

Horizon Air is proposing to begin scheduled regional air carrier service to MMH beginning in December 2008 with two flights per day from LAX during the winter ski season (approximately December to April). The Town of Mammoth Lakes has prepared and the FAA has approved a forecast of future commercial aviation activity at MMH. Winter ski service is projected to increase to a maximum of eight flights per day by the year 2011. Summer service is projected to begin in 2012, with 2 flights per day to LAX for 8 weeks in July and August.

The approved aviation forecasts predict that the number of flights per day would increase from two to eight as additional regional markets such as Las Vegas, Northern California, San Diego, or an alternative Southern California market are added. The Mammoth Mountain Ski Resort would subsidize the winter ski air service. The projected summer air service would not be subsidized.

Scheduled daytime commercial air service would start with one morning and one afternoon flight. No aircraft would be scheduled to remain at the airport overnight. The proposed air service would utilize the existing MMH runway and taxiway system.

Construction of new airport facilities are not proposed. Winter service is not expected to exceed eight flights per day due to airport facility physical constraints (e.g. aircraft apron space and terminal capacity).

Proposed FAA Action

Approval of the proposed amendment to operations specifications for Horizon Air to permit scheduled commercial air service to MMH using the Brombardier Q400 Dash 8 aircraft pursuant to 14 Code of Federal Regulations (CFR) Part 119.

The establishment of scheduled commercial air service into MMH also necessitates a change in the MMH Operating Certificate from Class IV to Class I, pursuant to 14 CFR Part 139. Airports with a Class 1 certificate may accommodate scheduled service by aircraft capable of carrying 30 or more passengers, while airports with a Class IV certificate may accommodate unscheduled service by aircraft of similar size.

Draft Environmental Impact Statement Release

The FAA has prepared a Draft EIS to assess the potential environmental impacts of the Horizon Air's proposed air service The Draft EIS was released for agency and public review and comment on November 16, 2007. The official public review period is from November 23, 2007 to January 11, 2008.

Using guidance within FAA Order 1050.1E, potential impacts to these environmental resources were evaluated within the Draft EIS:

* Air Quality * Historic, Architechtural, Archaeological and Cultural Resources
* Compatible Land Use * Natural Resources and Energy
* Department of Transportation Section 4(f) * Noise
* Fish, Wildlife, and Plants * Secondary (Induced) Impacts
* Hazardous Materials and Solid Waste * Socioeconomic, Environmental Justice, Children's Health
* Water Quality

Copies of the Draft EIS will be available at the following public locations:

Closure of the Public Review process on the Draft EIS is January 11, 2008. To be considered comments concerning the Draft EIS must be received by the FAA no later than close of business on January 11, 2008.

Comments on the adequacy of the Draft EIS are to be submitted to Federal Aviation Administration, Mr. Chuck Cox of the Federal Aviation Administration at the address or facsimile number provided on the next page. Written comments concerning the Draft EIS can be provided to the FAA at the Public Workshops and the Public Hearing. An opportunity to provide verbal comments concerning the Draft EIS will be provided at the Public Hearing.

Public Workshops and Public Hearing

A Public Workshop regarding the Horizon Air's proposed air service Draft EIS will be held on December 18, 2007 from 4:00 - 8:00 PM at the Town of Mammoth Lakes Council Chambers.

Town of Mammoth Lakes Council Chambers
437 Old Mammoth Road, Suite R
(Minaret Shopping Center)
Mammoth Lakes, California 93546

A second Public Workshop and a Public Hearing will be held on January 8, 2008 from 2:00 - 7:00 PM at the Town of Mammoth Lakes Council Chambers. The Public Workshop will be held from 2:00 - 3:30 PM. The Public Hearing will be held from 4:00 - 7:00 PM.

The closure of the Public Review process on the Draft EIS is January 11, 2008. To be considered comments concerning the Draft EIS must be received by the FAA no later than close of business on January 11, 2008.

Future Actions

Following receipt of agency and public comments on the DEIS, the FAA will prepare and publish a Final EIS.

Following the opportunity for agency and public comment on the FEIS, FAA will prepare a Record of Decision documenting its decision on the request for Horizon Air's request to amend its Operations Specifications to permit the proposed scheduled air service into MMH.

EIS Process

The following graphic illustrates where the FAA is in the overall Mammoth Yosemite Airport EIS process:

FOR A COPY OF THE ENTIRE ENVIRONMENTAL IMPACT SURVEY, EMAIL COLDWELL BANKER MAMMOTH REAL ESTATE.

It's Official....Mammoth Hillside with be a Ritz Carlton flag property

MRECB1 — Mon, 26 Nov 2007 23:00:39 GMT

CHEVY CHASE, Md., Nov. 21 /PRNewswire/ -- The Ritz-Carlton Hotel Company, L.L.C. and Cypress Equities of Dallas, Texas have reached an agreement to operate and develop luxury, whole-ownership residences at Mammoth Mountain on a 6.9 acre site in one of California's premiere ski and outdoor recreation areas on the eastern slopes of the Sierra Mountains. The Ritz-Carlton Residences at Mammoth are scheduled to open for the 2010 ski season and will be located adjacent to The Village gondola with quick access to shopping and dining. Its owners will enjoy an unparalleled setting in the heart of Mammoth with spectacular mountain views and superior services and amenities.

In addition to selecting from a range of signature Ritz-Carlton provided services and amenities, including housekeeping, catering, room service, and concierge services, The Ritz-Carlton Residences at Mammoth owners will enjoy a lavish spa and fitness center, swimming pool, several cozy fire pits, gourmet and express restaurants, ski valet services, and more. "We believe these luxury residences will offer the finest lifestyle choice available in the Western United States. Whether a winter ski retreat or a summer getaway, Mammoth Mountain is the perfect location," said Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. "Partnering with Roger Staubach and Cypress Equities, we look forward to creating the most exclusive residential community in the region," Cooper added.

Mammoth, once a small mining town with over fifty years of operation, has always been a well known year-round retreat with exceptional skiing. However, it is only within the past decade that it has begun to undergo a transformation into a resort and vacation destination known for its Village charm with restaurants, shopping, and social life.

The Ritz-Carlton Residences at Mammoth will offer its privileged owners world-class finishes, services and amenities amounting to the finest living in Mammoth Lakes. Prices start at $2 million. For information, please call 888-310-8383 or visit www.theresidencesmammoth.com/.

About Cypress Hotels & Resorts and Cypress Equities

Cypress Hotels & Resorts is an affiliate of Cypress Equities focusing on development services for lodging investments. Cypress Equities is a development affiliate of The Staubach Company formed in 1995.

With seven development offices in Dallas, Atlanta, New York, Phoenix, San Francisco, Fort Lauderdale and Nassau, Bahamas, it is an independent company with a dedicated staff that focuses on portfolio acquisitions, build-to-suits, project development, sale-leasebacks and other development services for retail and automotive. Currently, Cypress Equities is developing over $3 billion in projects across the country.

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, Md operates 68 hotels in the Americas, Europe, Asia, the Middle East and Africa. Over 30 projects are under development around the globe with future openings including Sanya, China; Beijing; and Denver. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldridge National Quality Award, which recognized outstanding customer service.

**************************************

For more information on The Ritz Carlton - Mammoth Lakes, CALL Coldwell Banker Mammoth Real Estate at 1-800-266-6966 or EMAIL us at Info@MammothRealEstate.com.

Starwood Development News at Mammoth Lakes Board of Realtors Meeting

MRECB1 — Mon, 26 Nov 2007 23:11:09 GMT

In addition to on mountain improvements, Starwood and Mammoth Mountain Ski Area (MMSA) is continuing real estate development in Mammoth according to Craig Knight, representative of Starwood.

For clarification, Starwood is developing it’s own sales strategy and has formally separated from Intrawest and Playground. Future real estate development from MMSA will not involve Intrawest or Playground.

There are three new projects on the forefront:

⁭ Altis: Townhomes, 24 units at the original location will break ground this week but it will now be whole ownership. Reservations will be taken fairly quickly. The project will look similar as originally proposed but the amenity building will be smaller. This project will be high end, ski in/out with an abundance of windows to take advantage of the amazing views.

⁭ Canyon Project: Townhomes, 19 units across the street from Canyon Lodge and 1849 Condos. Currently in the design stage, plans call for a completely different look for 3 and 4 bedroom units, smaller in size. The square footages will range from 2250 to 2600. These will be extremely high-end units with equally high-end finishings.

⁭ Eagle Lodge: Condo-Hotel, 68 units at the base of Eagle Lodge to include a base lodge facility, commercial space, a locker club and two levels of underground parking. They will be available in 1, 2, 3 and 4 bedrooms and will utilize lock-offs to maximize usage.

The latest on Hotel “1” is a Fall 2008 launch. The project is being redesigned and possibly relocated to a more suitable site. If you recall, this is the first proposed LEED Certified project which is to limit impact on the natural surroundings and be energy efficient. The intention is to have a one to three person marketing team coupled with an outreach to the broker community.

For more information on this or any other issues related to Mammoth Real Estate, please contact us at Info@MammothRealEstate.com .

Mammoth Mountain Ski Area on Mountain Improvements

MRECB1 — Mon, 26 Nov 2007 23:05:04 GMT

At the General Membership meeting of the Mammoth Lakes Board of Realtors this past Tuesday, October 30, Mammoth Mountain Ski Area representative, Tom Hodges, was kind enough to bring us information on what the mountain is working on.

In 2007, we saw the opening of Top of the Sierra Interpretive Center and Café located at the top of the Main Lodge Gondola. Additionally, Chair 9 has been converted to a high-speed six pack lift and has been named “Cloud 9 Express”. Load testing is being completed now and will open this season. A new terrain park, Wonderland Park, has been built at Chair 7 and the Canyon half-pipe has been relocated to this park to minimize impact to all snowboarders and skiers at Canyon Lodge.

Projections for 2008 and beyond include the Ski Back Trail from Main Lodge to The Village. This project is now open for public comment with the USFS (United States Forest Service) and all comments, including positive ones, are encouraged. It is expected that this ski back trail will alleviate the traffic congestion from Main Lodge to The Village when the mountain closes at the end of each day. Chair 5 is going to be converted to a high-speed quad lift. A new 3 bedroom cabin is being built at Tamarack Lodge and will be the first LEED certified building in Mono County. LEED certification has to do with environmentally sound building specifications to minimize impact on the site. Also in the works is a new dining venue at McCoy Station and will be the evolution of Parallax restaurant.

Further out to 2009 is Eagle Lodge. This is the 50,000 sqft base lodge, 30,000 sqft of commercial space and 68 condo-hotel units in 1, 2, 3 & 4 bedroom sizes with lock-off configurations to maximize usage. This project will also include 2 levels of underground parking amounting to 500 spaces. There will be a fee for this parking. It is possible that the project may start in 2008 with an expected open in the season of 2010. Construction will take approximately 2 years but plans include only disrupting one ski season where there will be no parking and excessive construction.

For more information on this or any other issues related to Mammoth Real Estate, please contact us at Info@MammothRealEstate.com .

Mammoth Mountain CEO Speaks to Coldwell Banker Mammoth

MRECB1 — Tue, 23 Oct 2007 08:56:36 GMT

On Thursday, October 18, Rusty Gregory, CEO of Mammoth Mountain Ski Area in Mammoth Lakes California, joined the Coldwell Banker Mammoth office's weekly sales meeting to share his thoughts and expectations of growth and development.

Rusty stated that he is "...more optimistic now that I have been in the last four years." There is a greater sense of cooperation with the Town of Mammoth. The difficulty of getting projects approved is the cause for recent meetings between the Town and developers. This has already led to reduced development impact fees (DIF) and the completion of the General Plan Update. Mammoth is well-known among capital markets for being one of the worst areas in the country to develop because of the difficulty in getting projects approved. This seems to be changing for the better.

A new concept in Mammoth is District Planning. Rather than applying the exact same guidelines for all areas of town, District Planning incorporates the characteristics of each area of town with guidelines that are appropriate for the area. This will knit the smaller areas of town together.

Redevelopment of Main Street is a very aggressive tactic in redesigning the main thoroughfare of Town. This would include the narrowing of Main Street to 1 lane in each direction with a median and several turnouts. This will eliminate frontage roads and provide businesses with street frontage property to expand and redevelop buildings.

Mammoth Mountain Ski Area put money into the project to build the local ice rink as a community investment. The joint branding effort between Mammoth Mountain and the Town of Mammoth Lakes give the message “Come as you are…Do what you love”.

Gregory says that work continues on improving the guest experience including a joint venture with Patina Food Group, the largest caterer in Southern California, to provide food service of all levels at Mammoth Mountain. They will use a combination of local workers and their current staff from Southern California. Great service and great food is the goal over the next year.

Plans are underway for a 500 seat restaurant/lodge facility at the top of the Goldrush lift station. That is probably about two years out. And in the next four years, more of a focus will be put on group sales and events.

The two current major projects are Altis and Eagle Lodge.

The Eagle Lodge base facility project has little going on right now. The deal to use the Ritz Carlton brand for the Sierra Star project and the Eagle base lodge was thrown off track due to the recent purchase of the hillside property by Cypress Equities. Cypress already had a letter of intent from Ritz Carlton for the hillside property and Ritz will not offer their flag to two separate developers in the same area. Alternatives being investigated are the Four Seasons and St. Regis as well as some other big brands.

Hotel “1” is now being considered for a different location rather than the parking lot area across Minaret from The Village. They are still defining the brand platform, but they do not feel that The Village is the right setting for this brand.

Altis is back! But under a different model. There will be 4 very large duplex units (about 3000 sqft) in 2 buildings and they will be ski-in/ski-out at the same location just off the ski run along Eagle Express.

With much rumor about Barry Sternlict’s intentions for Mammoth going around, Gregory explained that there is about a 5-7 year life for Mammoth in Sternlict’s business. So although there are no exit plans currently, Sternlict is not expected to be in Mammoth for the long haul. Barry’s current focus is on partnerships in the area where the Olympics are to be held, Russia.

Looking further down the road, Rusty says that there is a lot going on. The 22-acre Main Lodge land trade for 110 acres in the Mono Basin would allow for the current Main Lodge to be torn down and the area redeveloped with 1000 rooms in three to five properties. Estimated time is 2 years to complete the land trade and five years before the first project opens.

Another ‘hallucination’, as Rusty puts it, he has in mind for the future is to build a Hollywood Bowl type facility at Canyon Lodge with a removable stage and four-story parking structure. This would be further out in time from the Main Lodge land trade.

The Ski Back Trail from Main Lodge to The Village is getting closer. The public comment period is open and Rusty encourages all to submit a written comment in support of the ski back trail. It is an easy ride from Chair 4 to The Village at the end of the day versus the long lines at Main Lodge to get on the shuttle at the end of the day. This will free up transportation and traffic impacts from Main Lodge to The Village.

And last but not least, what is going on at June Mountain? Rusty says the Village of June Lake has been more accepting of expanded commercial business and lodging after last season’s horrible economic impact on local business. The community has approved 1000 beds for development at or near the ski resort which will allow for more available lodging. Barring another bad snow season, June Mountain will open and operate as usual.

For more information, contact Coldwell Banker Mammoth Real Estate at 800-266-6966.

Snow Falling in Mammoth Lakes Today

MRECB1 — Sat, 22 Sep 2007 12:11:00 GMT

The snow is falling today in Mammoth Lakes California. It started shortly before this posting and ranges from a mist to full flakes with periodic sunshine breaking through in passing clouds. The National Weather Service reports rain and snow showers with isolated isolated thunderstorms today in Mammoth. Snow level 7500 feet. Snow accumulation up to 3 inches. Highs 47 to 57. South winds 10 to 15 mph.

At Mammoth Mountain Ski Area, snow coverage begins - Click HERE to see conditions at MAIN LODGE

Measure S goes back to the voters again in Town of Mammoth Lakes California

MRECB1 — Fri, 31 Aug 2007 12:25:34 GMT

By Lara Kirkner
Mammoth Times Staff Writer

Mammoth Unified School District refuses to take no for an answer when it comes to its Measure S special tax proposal for educational purposes.

As you may remember, Measure S went before voters on June 5 and failed by a fraction of the amount of votes needed to pass. The measure needed a two-thirds vote to win, or 66 percent, but only received 65.39 percent yes votes.

According to Christy Robles at Mono County, the request to put Measure S on the November ballot came to her office on Aug. 8, just two days before the deadline. At the Board of Supervisors meeting on Aug. 14, Robles stated that some voters were outraged by the last minute application.

Questions have been raised as to why MUSD waited until the last minute to put this on the ballot. It seems to leave no time for debate or education before choosing another special election.

As for the decertification issues regarding voting machines (see last week’s Board of Supervisors story), the new requirements do not go into effect for six months and therefore the county can use the machines they have for the special election, according to Robles.

If passed this time around, the measure would place an annual special tax, not to exceed $59, on each parcel of taxable land in the District for four years.

http://www.mammothtimes.com/index.php?option=com_content&task=view&id=831&Itemid=27

Mammoth General Plan approved after Bell Shaped Parcel antics conclude

MRECB1 — Fri, 31 Aug 2007 12:22:07 GMT

Town Council turns its back on public in choosing Resort zoning for open space

By Lara Kirkner
Mammoth Times Staff Writer

The General Plan was adopted and the Final Program Environmental Impact Report was certified at last week’s Town Council meeting, but overshadowing the milestone was the Council's decision regarding the Bell Shaped Parcel.

Council decided to zone the BSP as Resort, but plans to have staff prepare a focused special conservation easement study for the BSP to see what to do with it in the future. The vote on this particular item was 3-1-1, with council member Kirk Stapp abstaining and council member John Eastman voting no. Eastman wants the special study to explore all options for the parcel, not just a conservation easement, because he feels a 10-acre portion of the easement could be used for development such as affordable housing.

When it comes to a conservation easement, in order for someone to want to buy a parcel to put into an easement—for example the Eastern Sierra Land Trust—there must be some demonstration that the parcel is desired for development. Leaving the parcel zoned Open Space as the Planning Commission had suggested and as members of the community clearly have stated they want, would not show this desire of development and the Town would most likely not be able to sell it into a conservation easement and thereby reap fiduciary benefits.

Eastman threw his development hat in the ring at just the right time. It is interesting to remember, however, that the parcel consists of over 45 percent wetlands, which means development may not even be feasible as the State of California and the Army Corps of Engineers have very strict rules about developing wetlands.
Stapp waffled, agreeing with the Resort zoning while disagreeing with the narrowness of the study, and abstained from the vote, being able to get what he wanted but not having to put his foot down.

Council member Neil McCarroll, Mayor Pro Tem Wendy Sugimura and Mayor Skip Harvey all voted yes on the Resort zoning and the study. Staff and Council both indicated that doing the special study will allow the community to tell them how they want the Bell Shaped Parcel. In essence, the Town will pay a consultant to come in and go through the same public process that the community has been going through during the four years the General Plan Update has been going on. At the end of the GPU process, the community was still stating that they wanted the parcel to be zoned Open Space. Perhaps with the new consultants some of the constituents that Councilman Eastman keeps referring to will come forward and speak against zoning the BSP as Open Space.

http://www.mammothtimes.com/index.php?option=com_content&task=view&id=816

Charter air service seen as compliment to future commercial air service in Mammoth Lakes CA

MRECB1 — Fri, 31 Aug 2007 12:18:29 GMT

By Lara Kirkner
Mammoth Times Staff Writer

Commercial air service may still be a few years out for the Town of Mammoth Lakes and the Mammoth Mountain Ski Area, but a charter service that might possibly start this November could help to fill the void for now.

Vision Airlines, an on-demand air carrier that has been operating since 1994, is in the due diligence phase of providing services to Mammoth. The company already provides charter air service to places like the Grand Canyon. At this time, according to the Manager of Business Development for Vision Airlines, Warren J. Kaplan, “Vision Airlines is evaluating several cities as prospective bases of business to fly to Mammoth including North Las Vegas, Carlsbad and other airports in the Southern California basin.”

The company has been in contact with both the Town and MMSA, and the three entities do believe they could work together. Town Manager Rob Clark and MMSA VP Pam Murphy were both enthusiastic about the charter service possibility.

“It would be an absolutely excellent complement to our commercial service,” Murphy said.
The airport’s initial commercial air service is planned to fly in and out of Los Angeles International Airport (LAX), so other flights through the charter service to places like Carlsbad would still be highly desirable.
The charter service plane, a Dornier 328 Turboprop, holds up to 30 passengers. The first commercial flight in history to ever use the Dornier 328 prop was from Zurich to St. Moritz. According to Kaplan, due to the early phase the company is still in regarding service to Mammoth, pricing and routing schedules have yet to be developed.
Clark stated that the beginning of commercial air service to Mammoth is still hard to predict at this time as the Federal Aviation Administration (FAA) is still working out some kinks and the Environmental Impact Statement is still being processed.

“We hope to get the EIS out to the public this fall,” Clark said. “The timing of that will determine the possibility of commercial flights in 2008.”

For more information about Vision Airlines you can visit www.flydornier.com or www.visionholidays.com.

http://www.mammothtimes.com/index.php?option=com_content&task=view&id=826&Itemid=27

Cypress Equities acquires Mammoth Lakes, Calif., property

MRECB1 — Mon, 26 Nov 2007 23:08:55 GMT

Aug 21, 2007

H&MM Week In Review

DALLAS--(BUSINESS WIRE)--Cypress Equities, an affiliate of The Staubach Company, announced today they have acquired the "Hillside" property at the intersection of Lake Mary Road and Canyon Boulevard in Mammoth Lakes, Calif. Cypress Equities is currently working on a management agreement with a Five-star Hotel Operator for private, ultra-luxury residences featuring the finest in hotel amenities.

Chris Maguire, CEO of Cypress Equities, said, "We know Mammoth Lakes is not a secret - the mountain and the surrounding area makes for a phenomenal year-round resort. We also know that the real estate here in Mammoth is undervalued, so we plan on making this the ultimate destination for those who are seeking a luxurious and serene lifestyle with excellent skiing, biking, fishing and hiking."

Currently, the "Hillside" property floor plans, sizes, amenities and services are in the design and review phase and the complete project consultant team is being assembled. A marketing campaign is expected to launch later this fall.

To stay informed of any new developments on this property, please visit www.theresidencesmammoth.com for the latest updates. More information regarding the new Mammoth development will be released when the Hotel agreement is completed.

About Cypress Equities

Cypress Equities was formed in 1995 as the development affiliate of The Staubach Company. With seven development offices in Dallas, Atlanta, New York, Phoenix, San Francisco, Fort Lauderdale and Nassau, Bahamas, it is an independent company with a dedicated staff that focuses on portfolio acquisitions, build-to-suits, project development, sale-leasebacks and other development services for retail, automotive, hotel and resort property. Cypress Equities is currently developing over $3 billion in projects across the country.

Contacts- Cypress Equities- Jeca Salas, 972-361-5544 Direct PR Manager 214-732-4825 Cell

Town of Mammoth Lakes Town Council Approves General Plan Update

MRECB1 — Tue, 21 Aug 2007 22:34:40 GMT

On Wednesday, August 15, 2007, the Town of Mammoth Lakes Council members voted to accept the General Plan Update.

After many, many years of angst and controversy, the plan is complete and approved. This will bode well for owners of vacant land and developers who have been anxiously awaiting the blueprint for how they can develop their property in Mammoth Lakes California.

For more information, see Town of Mammoth Lakes website or call/email us today.