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.
The planned development will include a Tiger Woods-designed golf course, multiple dining venues, a private hotel with approximately 20 villas, estate lots, a spa and recreational activities. Baja California is a Mexican state on the Baja California Peninsula, bordering California. The landscape spans mountains and beaches on the Pacific Ocean and Gulf of California. Towns near the US border include Tijuana and the town of Rosarito, with its wide, sandy Pacific beaches.
Click here for more information on the project, including an interview with Tiger Woods discussing the property on which the golf course will be built. GlobeSt.com will report further on this transaction and the development as more information becomes available.
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.
The planned development will include a Tiger Woods-designed golf course, multiple dining venues, a private hotel with approximately 20 villas, estate lots, a spa and recreational activities. Baja California is a Mexican state on the Baja California Peninsula, bordering California. The landscape spans mountains and beaches on the Pacific Ocean and Gulf of California. Towns near the US border include Tijuana and the town of Rosarito, with its wide, sandy Pacific beaches.
Click here for more information on the project, including an interview with Tiger Woods discussing the property on which the golf course will be built. GlobeSt.com will report further on this transaction and the development as more information becomes available.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
