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Article: Local golf course owners try to lure overseas buyers. (San Diego-area golf courses)
- Article from:
- San Diego Business Journal
- Article date:
- November 5, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Local golf course owners try to lure overseas buyers
The owners of at least seven golf courses in San Diego are quietly trying to sell their properties, golf course brokers and industry insiders report. Course owners could be hoping to cash in on the heady buying spree of overseas investors, particularly the Japanese.
Hank Litten, a Carlsbad golf course broker and consultant, confirmed that at least seven local courses are for sale. However, Litten flatly refused to identify them.
Given the sky-high, seemingly arbitrary prices being paid for golf courses nationwide, some local course owners could recoup four to five times their original ...