Local News in Brief : Valencia Golf Course Being Sold to Uniden
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One of the San Fernando Valley area’s best public golf courses is being sold.
Newhall Investment Properties, a Valencia commercial real estate partnership, announced Friday that it has agreed to sell the Valencia Golf Course and its clubhouse to Uniden Corp. of America, a unit of Uniden Japan, for about $6 million in cash.
The transaction is scheduled to be closed by the end of the year, and is subject to the signing of a final agreement, company spokesman Fred Mickaelian Jr. said.
Newhall Investment Properties has been selling its properties since it was formed in 1983 as a spinoff of The Newhall Land and Farming Co. The partnership also has sold two mobile home parks and the Del Rio Shopping Center, both in Valencia.
The 18-hole golf course, designed by prominent golf course architect Robert Trent Jones, recently was named one of the top public courses in the United States by Golf Digest magazine.
Uniden, which makes electronic equipment, including cordless telephones, sponsors an annual golf tournament but does not own other golf courses. The American unit of Uniden was based in Huntington Beach until March, when it moved to Indianapolis.
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