Basin Street Properties, a real estate investor, developer and manager with 2.4 million square feet of North Bay commercial and residential properties, said it has a new president, one with experience running Lake Tahoe-area resorts.
A nearly two-decade resident of Northern Nevada, Blake Riva joined Reno, Nevada-based Basin Street as president and a partner with over 30 years of real estate and development experience, according to Matt White, CEO of Basin Street. Most recently, he was managing partner of Mountainside Partners, which developed and managed Tahoe resorts such as The Village at Northstar, The Ritz Carlton, Lake Tahoe; Gray’s Crossing and Old Greenwood. Before that, he was managing partner and chief financial officer of East West Partners.
“He has outstanding experience in delivering world-class real estate projects, and I believe he is the ideal candidate to help continue Basin Street’s growth and success,” White said in the announcement Wednesday.
Riva said he watched Basin Street’s progress over the years.
“I admire their thoughtful growth and how they deftly manage real estate economic cycles," Riva said in the announcement. "They bring a consistent, open and honest approach to customer satisfaction and investor relations.”
Riva has extensive experience in real estate development including feasibility analysis, acquisition, planning, entitlements, financing, design, construction, sales and marketing, and investor relations, according to White.
“We continue to develop new projects and make new acquisitions across Northern California and Northern Nevada,” said White. “Blake’s detailed approach and ability to build teams across markets, combined with his in-depth understanding of every aspect of the real estate development and management process, make him perfectly suited to continue Basin Street on its current growth trajectory.”
Basin Street has doubled in size over the past 10 years and now has almost 5 million square feet of office, retail, hospitality, multifamily and mixed-use developments under management in Mill Valley, Novato, Petaluma, Santa Rosa, Windsor, Sacramento and Reno.
The 90-unit Marina Crossing Apartments project is in preleasing and is set to open in October.
The company started in Petaluma in 1974 and shifted its headquarters to Reno over a decade ago.