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Results for July 2009
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Superstition Mountain Sale Scheduled
The Phoenix area's Superstition Mountain Golf & Country Club is scheduled to be sold Aug. 11, the East Valley Tribune reports. It appears the likely buyer will be John Deere Credit, an affiliate of the tractor company, which is owed...
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The Inescapable Story
I know, I know: This is the place you come to escape coverage about the death of a certain pop star. But I couldn't resist:Did you see that the doctor being investigated in that singer's death is having big financial...
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Keeping It Green
CNBC's web site has a perversely amusing piece about one business that's doing well in the recession: companies that paint lawns green. Here's the link.The article says demand for these services is way up now that so many lawns on...
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Rough Roundup
Wow. Thank heavens for this report in today's New York Times. It's about how how the housing market may have scraped bottom. I'm not saying I totally believe it -- I'm just relieved. Because lately, the news on golf course...
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Iowa's Glen Oaks In Foreclosure
Glen Oaks Country Club, whose Tom Fazio-designed course is rated second best in Iowa by Golf Digest, is in foreclosure. So reports the Des Moines Register.The club and the surrounding homeowners' association are in default on $7.7 million in loans...
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Citigroup Takes Monarch Beach
Southern California's St. Regis Monarch Beach golf resort now belongs to Citigroup, according to a report in the Wall Street Journal.The resort, home to a Robert Trent Jones Jr.-designed course, missed payments on a $70 million mezzanine loan from Citigroup,...
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Timberlake's $16 Million Course to Open in Memphis
Believe it or not, there are golf courses going into business these days. One of them is Mirimichi, a public course set to open -- or re-open, actually -- next week near Memphis.The course is the dream of pop star...
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For Sale: Two Amazing Houses at Hualalai
In this economy, good deals on golf houses are to be found everywhere: even at Hualalai, the four-star golf resort (Four Seasons Hotel) and community on Hawaii's Big Island. Check out this story, which announces the upcoming auction August 10...
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A Squabble Over Homes At Concession
Developer Ken Daves is about to open the $15 million, 33,000-square-foot clubhouse at Southwest Florida's high-end Concession Golf Club, site of a Tony Jacklin-Jack Nicklaus design (pictured) that was recognized as Golf Digest's Best New Private Course in 2006. But...
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Michigan Development Heads to Bankruptcy Court
Macatawa Legends, a $25 million residential golf development in Holland Township, Mich., heads to bankruptcy court this week, a victim (it seems) of a recesson-choked real estate market and the moribund national economy. The Holland (Mich.) Sentinel has the story...
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