Steven J. Lurie

Fax 310-201-2395

Golf Course Experience

  • Handled over 300 purchase, sale, lease, management agreement and other transactions for golf course industry clients.
  • Represented Joe Guerra in the formation of a joint venture Sequoia/Canongate Golf, with Boston-based Parthenon Capital.  Represented the joint venture (i) in the acquisition of more than 50 courses, including "The Woodlands" in Houston, Texas, a resort containing 5 golf courses, restaurants and hotel facilities, and (ii) the subsequent sale of the company to ClubCorp.
  • Represented American Golf and NGP Realty Sub in the sale of approximately 100 golf courses and private clubs.  The 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. 
  • Represented Concert Golf securing $100 million in new equity for additional investments in private golf and country clubs from funds managed by Blackstone and a group of high net-worth families led by Fireside Investments.
  • Represented multiple private clubs in connection with clubhouse and golf course renovations.
  • 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.