July 5, 2025 – In a major verdict impacting the regional development and legal communities, a Placer County jury has awarded nearly $11 million in damages against prominent real estate developer Christopher Steele and Sacramento attorney Andrew Sackheim, finding them liable for fraud and breach of fiduciary duty.
The plaintiffs, Donyne Ranch LLC and East Lincoln Associates, LLC, alleged that Steele—who owns seven golf courses across the region—and Sackheim secretly negotiated a sale of their 140-acre development property in Placer County to Elliott Homes in 2012 for $6.6 million, far below market value – so the defendants could take $3 million in profits for themselves while causing the Plaintiffs to lose over $10 million. The jury found that the pair concealed the deal for nearly six years while assuring Donyne Ranch that development was proceeding as planned.
“This case was about a betrayal of trust at the highest level of real estate development partnerships,” said Jeff Ochrach, trial counsel for the plaintiffs. “Mr. Steele and Mr. Sackheim were entrusted to develop this property to maximize its value for all stakeholders. Instead, they secretly sold it at a bottom-of-the-market price, costing our clients more than $10 million.”
Trial evidence showed that Donyne Ranch contributed the 140 acres—then valued over $20 million—to the partnership, while Steele and Sackheim were to contribute their expertise and manage entitlements to significantly increase the land’s value before any sale. The jury determined that had the property been entitled and developed as planned, its value would have been over $12 million.
Christopher Steele is known in the Sacramento and Placer business community as a developer and golf course owner with decades of high-profile projects, while Andrew Sackheim has been a real estate attorney advising and partnering in development transactions.
“This verdict confirms that fiduciaries cannot secretly enrich themselves at the expense of their partners,” said Mr. Ochrach.