Kirk Sanford News

In the beautiful, serene Napa Valley in Northern California, Kirk Sanford operates his family’s boutique winery well known for its distinct and richly textured wines. Situated on eight lovely acres of some of the world’s best wine country, Valley View Vineyards is located among the many incredible wineries in the Coombsville region of Northern California, in the heart of the renowned Napa Valley Wine District.

Kirk Sanford’s family’s winery has what it takes to produce the perfect grapes which make up their outstanding wine selection. Cool mornings, bright, warm sunshine in the afternoons, volcanic ash-rich soil, all come together to create the perfect growing environment for the most outstanding grape harvest. Surrounding the Valley View Winery are some of the most distinguished boutique wineries, bringing forth, along with Kirk Sanford and his Valley View Vineyard, some of the most delectable, high-end, extraordinary wines that can be found anywhere.

Ideally situated just a few hundred feet above the floor of the Napa Valley is Valley View Vineyards. This extraordinary boutique winery owned and run by Kirk Sanford and his family, produces choice wines with unique flavors and rich textures, especially created for enjoyment on their own or to compliment and round out a good meal to make it a great culinary experience.

The tastes the Sanford Family strives for in their wines are influenced by the types of wines that they themselves enjoy. The wonderful bouquets, intense richness, deep, clear colors all come together to create a special, flavorful experience transcending the experience of drinking other wines.

CityCenter, Las Vegas

Kirk Sanford of Sightline Acquisition Corporation and other businessmen in the Las Vegas region are hoping that the distressed Las Vegas economy will experience a big boost today as approximately 12,000 people will be appointed to various posts at the CityCenter project.

This new development has been in the works for about four years, and at 18 million square feet and a cost of $8.5 billion the sprawling CityCenter is the largest commercial real estate project in the United States.

Owned by MGM Mirage, which also owns other casinos in the Las Vegas area such as the Bellagio and the MGM Grand, the CityCenter will include up-market hotels, a shopping center, concert facility and a casino.

With the establishment of Sightline Acquisition Corporation Kirk Sanford ventured into the exciting world of Las Vegas real estate. If Las Vegas is nothing else, it is surely exciting.  For instance, despite an increase in the number of home sales, prices have continued to decline in the city known for its casinos and legal gambling. The decline is actually officially the steepest in the nation, just passing Phoenix as the city with the fastest home price decline.

The statistics read like this: Since August 2006 which was the peak in home prices, the cost of a home in Las Vegas fell 54.3%. In June 2006 Phoenix reached its own home-price peak, and has since slid down by 53.9%, just a tad less than in Las Vegas.

In an apparent contradiction, despite the price declines numbers of home sales continue to increase. July marked the eleventh month in a row in which home sales increased, with a total of 29% increase since last year.

The discrepancy is easily explained: Most of the home sales are foreclosures, which sell at discounts. Two thirds of Nevada’s mortgage holders actually owe more on their homes than their homes are worth, leading them to foreclosure. Conclusion: More sales, cheaper prices.

Sightline Acquisition, with Kirk Sanford at the helm, is keeping up with the latest news in the Las Vegas real estate world. And the news is good.

Check out the latest headlines coming from the GLVAR, the Greater Las Vegas Association of Realtors. According to their statistics, the month of June, 2009 set a record for number of home sales in the local Las Vegas area. Nevertheless prices appear stable as the number of homes available for sale declines.

The month of June scored a record 4,702 homes, condominiums and townhouses sold. July 2009 registered in as the second highest amount of sales in a single month with just 100 less homes sold, 4,602.

The value of the transactions for just single-family homes, which are the majority of home sales, was lower than last year, but still quite impressive. June’s total value came to $634 million. July posted lower at $611 million worth of home sales, which is 3.6% less than July 2009, and 7.4% less than in June, 2008.

Sightline Acquisition was begun by Kirk Sanford in the year 2008 in order to invest in real estate in the Las Vegas area.

Comprised of a team of highly professional investors, Sightline is hoping to have success in the three major areas of real estate markets in Las Vegas.

These areas include:

•    Real Estate Experiencing Rapid Growth- As the population of Las Vegas continues to grow there will be an expanding market for real estate as an investment opportunity.

•    Real Estate Established and Mature- Perhaps not growing much now, but can be expected to show growth in the future.

•    Real Estate In Decline – Could be in decline now, but can be expected to bounce back, show growth, and if purchased now at below market values, can be great, long-term investments.

Kirk Sanford is running Sightline Acquisition now. Sightline, a “blank check company” invests in real estate in the Las Vegas area. This special investment fund focuses its efforts on acquiring distressed properties, both commercial and residential.

Led by Kirk Sanford, his team of entrepreneurs is compromised of highly experienced and talented professionals with more than 20 years of business and investing experience between them, in the Las Vegas vicinity.

Kirk Sanford serves as CEO of Sightline Acquisition Corp. After 14 years heading Global Cash Access Inc. (GCA), a subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA), Kirk Sanford resigned as CEO in November 2007.

GCA is a provider of cash access products and services to more than 1,100 clients across the globe. These clients include gaming concerns where GCA provides the patrons cash access via various methods including ATM withdrawals, debit and credit card transactions as well as check verification and money transfers.

GCA maintains a proprietary database of gaming patron transaction data and credit history spanning millions of gaming patrons worldwide. This aids GCA in developing and deploying technologies and strategies to increase client profitability and efficiency.

Kirk Sanford has over 15 years of high level financial and economic leadership experience behind him.

Sanford served as CEO and also Chairman of the Board of Global Cash Access Inc. (GCA) for 14 years, retiring from this position in November, 2007. Sanford and GCA achieved over $1.5 billion in valuation during this time, as well as annual revenue of $600 million and an employee base of over 400 employees across the world.

Kirk Sanford has joined Gerson Lehrman Group (GLG), the world’s leading network of experts, as a council member.  Sanford serves as one of the Financial & Business Services council experts. These include current and former executives from many Fortune 1000 companies. View this information on our press page “In the Public Eye.”