L&L Holding Company and Carpe Real Estate Partners have acquired a three-acre site, with plans to develop 800,000 square feet of office, residential and retail space.

The fixed-rate loan was utilized in the sale of the 183-unit, residential condominium, sold by Meadow Partners and Slate Property Group.

Sales of golf clubs and courses have been declining for the past five years, according to Marcus & Millichap.

Groups with deep pockets have lined up on both sides of the issue, including organizations that have dished out millions of dollars in political donations over recent years.