The sale in February of the Desert Mountain Golf Club in Scottsdale, Ariz., and its six golf courses, facilities and 500 nearby developable acres to a group of members for $73.5 million represented the largest equity conversion of a private golf club on record.
Representing the purchasers was Randy Addison, a partner in Addison Law in Dallas, which in a survey by Golf Inc. magazine last month was the most recommended firm nationwide for golf course owners, developers and private club boards. Listed closely behind were Foley & Lardner at No. 2, and Troutman Sanders at No. 3.
