Steven J. Lurie

Partner
Fax 310-201-2395
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Golf Course Experience

  • Handled over 200 sale, purchase, lease, management agreement and other transactions for golf course industry clients
  • Negotiated loan modification agreements on behalf of the owners of golf courses in San Diego County and Northern Nevada. The transactions, among other things, resulted in the extension of the maturity date of the loans; the reduction of the interest rate of the loans; and the conversion of the required interest payments to a portion of net cash flow, with the balance of interest payments deferred until the extended maturity dates
  • Represented Joe Guerra in the formation of a joint venture with Boston-based Parthenon Capital, and represented the joint venture, Sequoia/Canongate Golf, in the acquisition of over 26 courses since the company's formation in 2003, including its acquisition of "The Woodlands" in Houston, Texas, a resort consisting of, among other things, five golf courses, restaurants and hotel facilities
  • Represented American Golf and NGP Realty Sub in the sale of approximately 80 golf courses and private clubs; transactions included the sale of significant portfolios in the South and Midwest, as well as the sale of single golf courses and private clubs throughout the country; the transactions implemented American Golf's strategic plan to concentrate its portfolio of golf courses and private clubs in specific markets; American Golf and its affiliates continue to own and/or operate over 110 golf courses and private clubs throughout the United States