Blog: Deeds and Weeds
- 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...
Blog: Deeds and Weeds
- Bonita Bay Group Troubles Worsen
- The financial struggles of Bonita Bay Group continue. As this story in today's Naples Daily News reports, the company's CEO is resigning, four of its golf courses are about to shut down for the entire...
Blog: Deeds and Weeds
- A Different Kind of Golf School
- There are lots of resorts in this country on the verge of going bankrupt -- and no shortage of ideas about what to do with the land and the assets of those resorts if and...
Blog: Deeds and Weeds
- Daufuskie Island Resort Goes Chapter 11
- Another major golf property heads to bankruptcy court: Daufuskie Island Resort, located just off Hilton Head Island, whose two courses were designed by legends Jack Nicklaus and Tom Weiskopf, filed for Chapter 11 protection Tuesday....
Blog: Deeds and Weeds
- Amelia Island's Bankruptcy Filing
- Amelia Island Plantation has filed for Chapter 11 bankruptcy protection, the Associated Press is reporting. The Florida resort said in court documents it would not have enough cash on hand to meet payroll this Friday...
Blog: Deeds and Weeds
- Bankruptcy For Trinitas Owners
- Mike and Michelle Nemee, owners of the Trinitas golf course in northern California's Calavaras County, have filed for bankruptcy protection. The move, reported by the Stockton Record, was designed to forestall a foreclosure sale on...
Blog: Deeds and Weeds
- Homestead Farms For Sale
- Washington's Homestead Farms Golf Resort is for sale. The asking price: $7.5 million, reports the Lynden Tribune. The golf resort, whose 14-year-old course earned 4 stars in Golf Digest's Places to Play reader ratings, is...
Blog: Deeds and Weeds
- 'I Believe The Good Lord Sent Him'
- There's a brief profile of James C. Justice III, the man who's buying the beleaguered Greenbrier resort for $20 million, in today's Washington Post. In addition to learning about the cold mines he sold to...
Blog: Deeds and Weeds
- Speaking Of Southwest Florida...
- My colleague, Geoff, has an item on an intriguing country club deal in the Fort Myers/Naples area (below). Another article in the Fort Myers News-Press caught my eye recently: this one about people building spec...
Blog: Deeds and Weeds
- Union Deal At The Greenbrier
- Unions at the Greenbrier have reached agreements with the West Virginia golf resort that should allow it to be sold a unit of Marriott, the AP is reporting. The agreements now have to be approved...
Blog: Deeds and Weeds
- Promontory: 'Everyone is Confused'
- Utah's high-end Promontory Club, site of golf courses designed by Jack Nicklaus and Pete Dye, held its court-supervised auction yesterday and attracted only two bidders -- Pivotal Group (the original lender) and Credit Suisse, which...
Blog: Deeds and Weeds
- Greenbrier's Assets Listed
- The Greenbrier Resort's bankruptcy paperwork is on file now, showing $141.7 million in assets and $107.4 million in liabilities. Among the assets, the Charleston (W.Va.) Daily Mail reports, are $97.6 million in real property that...
