High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Inland Empire  + Hospitality  | 
Country Club

Canyon Crest Country Club Sells in Off-Market Transaction

Located at 975 Country Club Dr., Canyon Crest Country Club in Riverside was designed in 1968 by a two-time champion, Olin Dutra. The property sits on 160 acres which include an 18-hole championship golf course played by past champions Tiger Woods and Brandie Burton.

Canyon Crest Country Club recently sold for an undisclosed amount to Canyon Crest Country Club Inc. Newmark managing director Mario J. Alvarez Jr. procured the buyer for the seller, ClubCorp Inc. in an off-market transaction.

“Golf in the last year or so has spiked interest in first-time golfers, encouraged existing players to get out on the green more frequently, which in return, gave investors a new outlook on acquiring existing private country clubs and public golf courses,” said Alvarez. “Canyon Crest Country Club Inc. is excited about the future of golf and the vision they have for their country club.”

The 19,800-square-foot clubhouse features panoramic views of the surrounding mountains, a lake and 50-foot fountain. The club also has a member pool and tennis chalet with six full-sized tennis courts.

Connect

Inside The Story

Mario Alvarez

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action