July 21, 2016
San Francisco-based The Bay Club Company acquired two California properties, Fairbanks Ranch Country Club in Rancho Santa Fe, and The Golf Club at Boulder Ridge in San Jose for an undisclosed price.
The 274-acre Fairbanks Ranch Country Club sits on land owned by the City of San Diego and hosted equestrian events for the 1984 Summer Olympic Games. The property includes a 27-hole golf course, eight tennis courts, and a 33,000-square-foot clubhouse. In San Diego, The Bay Club Company also owns the Bay Club Carmel Valley.
The Bay Club Company’s Matthew Stevens says, “Our plan is to evolve the traditional country club membership into a more modern and flexible offering that suits the needs of today’s dynamic families.”
CBRE’s Jeff Woolson represented the Fairbanks Ranch Country Club members in the transaction.
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