WorldNet Capital Corporation, San Diego, is pleased to announce the successful representation of Intrawest Corporation, Vancouver, Canada, in their acquisition of the Big Island Country Club (BICC) located in Kona, Hawaii. Intrawest acquired the property from Laguna Hills-based Spear Development Corp. and Saiga California, Inc, a Japanese investor. The companies would not disclose the purchase price, however, according to John Bash, of WorldNet, the listing price was $25 million. BICC is a 425-acre, planned residential community consisting of an 18-hole championship golf course, entitlements for 106 home sites, a clubhouse and a 40-unit lodge. Located on the slopes of Mauna Kea, and designed by Dye Designs International, the course challenges the tour professional as well as being enjoyable to the amateur golfer. Intrawest plans to build a $2 million clubhouse, deferred maintenance will be completed, and the quality of service and amenities will be raised to the five-star level the spectacular setting demands. Intrawest is North America’s leading developer and operator of four season resorts. The company owns ten ski resorts, and with the addition of BICC, owns, operates, and manages 21 golf courses through Raven Golf. John Bash of WorldNet Capital, negotiated in conjunction with Joel La Pinta of Prudential Orchid Isle Properties on behalf of Intrawest. The transaction was the second transaction of this nature WorldNet has arranged on behalf of Intrawest and was completed through WorldNet’s San Diego office located in UTC. WorldNet Capital is a real estate consulting firm that specializes in representing tenants and buyers. WorldNet has been advising Japanese financial institutions and lenders in debt restructuring, work out, and the sale of Japanese owned real estate assets.