CB Richard Ellis, one of Golf’s leading real estate brokers, has closed four deals so far in 2012, totaling more than $14 million.
The broker’s Golf & Resort Group, which is led by Jeff Woolson, has closed 26 transactions over the last 36 months for more than $310 million, and 12 in the last 12 months.
“Despite the lack of available financing, we have been able to close a good number of transactions and feel optimistic about the balance of 2012,” Woolson said.
Recent sales include two courses in Florida and two in California, where Woolson is based.
AIG sold Orange County National Golf Center & Lodge in Orlando to Celebration Golf Management in March. Considered one of the best overall golf facilities in Florida, it has two championship golf courses, a family-friendly 9-hole course, one of the largest practice facilities in the country, a spacious clubhouse and a 48-room lodge.
Crescent Resources in the greater Jacksonville area sold The Golf Club at South Hampton to DWA Golf. The course in St. Augustine, Florida was designed by Mark McCumber and opened in 2002, along with an expansive practice facility and two-story, 10,000 square foot clubhouse.
U.S. Bankruptcy Court sold Salt Creek Golf Club in San Diego to Pacific Hospitality. Salt Creek opened in January 2001 and is operated under a long-term ground lease on 239 acres owned by the Otay Water District.
BrightStar Golf Group sold Whitney Oaks Golf Club in Rocklin, Calif. to the United Auburn Indian Community.
CBRE’s current listings include golf clubs, resorts, communities and development opportunities across the country, as well as in the Caribbean.