Winebusiness.com - Homepage for the Wine Industry

Napa Real Estate: Maniar Sells Diamond Oaks Winery to Bill Harlan


Date: 01/20/10

Deal goes down amid bankruptcy case

Real estate developer turned vintner Bill Harlan has purchased the Diamond Oaks Winery in Napa Valley from Dinesh Maniar for an undisclosed sum, though public records show the deal involves Harlan assuming more than $10 million in debt owed to Metropolitan Life Insurance Company.

A transfer of the title for the property was recorded back in late December. MetLife agreed to transfer and modify its note, including a deferral of eight monthly principal payments totaling $115,870.81 until the note is due in 2021.

img 1Maniar, a successful real estate developer who became involved in the wine business, had been fighting to keep the winery and filed a bankruptcy petition in September on behalf of Diamond Oak Vineyards Inc. That bankruptcy petition was filed in US Bankruptcy Court for the Northern District of California (Case #09-12995) and has been challenged by a major creditor, Hartford Life & Accident Insurance.

Maniar had divested of some vineyards in recent years, having sold one in the Chalk Hill district as well as another vert large property in the Carneros area to Silverado Premium Partners.

Harlan, the developer of Meadowood and owner of Harlan Estates, wasn’t immediately available for comment. Neither was Maniar’s attorney David Chandler of Santa Rosa.


Subscribe to Daily news Email

FREE Wine Business Daily News delivers the industry's top stories emailed to you from our editorial team.

most popular daily news links

latest real estate

- real estate  •  yesterday at 8:21AM PDT
- real estate  •  Jul 28, 2014 at 8:48AM PDT
- real estate  •  Jul 24, 2014 at 12:14PM PDT
- real estate  •  Jul 24, 2014 at 11:58AM PDT
- real estate  •  Jul 24, 2014 at 11:40AM PDT

industry events

Aug 1
CA
Search Events:

Copyright© 1994-2014 by Wine Communications Group. All Rights Reserved. Copyright protection extends to all written material, graphics, backgrounds and layouts. None of this material may be reproduced for any reason without written permission of the Publisher. Wine Business Insider, Wine Business Monthly, Grower & Cellar News and Wine Market News are all trademarks of Wine Communications Group and will be protected to the fullest extent of the law.