REAL ESTATE
<i> Times Staff and Wire Reports</i>
Winery Buys Chevron Property in Sonoma County: Kendall-Jackson Vineyards & Winery, one of the nation’s fastest-growing wine brands, has acquired all of Chevron Corp.’s Sonoma County land holdings, about 5,500 acres, including 417 acres of mountain vineyards above Alexander Valley. Santa Rosa-based Kendall-Jackson and the Huntington Beach Co., a Chevron subsidiary, said the wine company acquired the Gauer Estate, which includes 1,000 acres of plantable land and 4,000 acres of land that can’t be used for grapes. The company said it had no plans for the 4,000 acres. No purchase price was announced, but a Sonoma County real estate expert estimated that the deal was worth about $25 million.
