Punta Brava Punta Brava is the site of the acquisition.

BAJA CALIFORNIA—GlobeSt.com has learned from sources unrelated to, but familiar with, the deal that First Capital Real Estate Investments plans to acquire the Punta Brava Golf & Surf Club project here from Punta Brava Partners LLC for approximately $5.5 million and invest roughly $35 million to develop the property further. The transaction is expected to close by December 31.