Steve,
CC has been active in the Dallas area with this year's acquisition of TPC Craig Ranch. While I have widely conflicting reports of the purchase price, most of CC's purchases seem to be based on current market conditions (NOI) and a sober, conservative estimation of how it can grow the business. I'd be curious to know what the properties sold for if you come across that information.
My home club has been for sale for some time by a non-golfing owner who inherited it without debt from her father. Word is that CC took a run at buying it a couple of months back, but our owner countered at double the price offered. There a few members that bad-mouth CC for its focus on entertainment, clubhouse, tennis, etc. as opposed to being solely focused on golf, but a seemingly higher number hope that a sale is completed. I'm with the latter group.