Wednesday, June 24th, 2020
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Private investment company CTRL USA will expand its portfolio into the commercial real estate market with the planned acquisitions of golf clubs, resorts and private equestrian properties with food and beverage options, the Atlanta-based firm announced this month.
The company said in a release that it expects scheduling of the first acquisition to begin and close by the end of the year, subject to typical closing conditions. CTRL USA did not identify any purchase targets but the company said the transactions should have an aggregate value of approximately $50 million to $100 million.
“With our detailed market insights and research we have determined the growing trend there is of an extreme demographic diversity influx within the private golfing and equestrian market,” the company said in a prepared statement.
A report issued by Marcus & Millichap in April found that 96 golf clubs and courses sold in 2019, marking the fifth
PALO ALTO, CA—Marcus & Millichap’s co-chairman William A. Millichap passed away after a year-long battle with cancer. He was 76 years old.
Marcus & Millichap founder and chairman George M. Marcus issued the following statement: “The company’s formative years benefited greatly from Bill’s push for innovation, including our training programs, professionalization of the industry, and adaption of technology; key building blocks of the firm’s market leadership. As an example, Bill’s commitment to advance the firm resulted in the industry’s first centralized electronic inventory system as early as 1978. He led countless evolutions of the company’s brokerage tools and client services, which helped achieve exceptional growth. Bill was the truest of friends that one could ever have and a real partner in good times and challenging ones. He was a unique and exceptional leader, coach and innovator. All who knew him would point to his intelligence, endless energy, enthusiasm, discipline, loyalty
The Queen Anne Victorian that served as Annie Savoy’s home in the movie “Bull Durham” is for sale. Be prepared for baseball-loving crowds out front!
“I believe in long, slow, deep, soft, wet kisses that last three days.”
It’s now known as the “Bull Durham House,” because it was featured as the home of the character Annie Savoy in the classic film from 1988. If a buyer would like to make a pitch, the home is available for $1.15 million. It was built in 1880, more than a century