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Tag: Golf

September 23rd – Teeing Off

By Adam DeermountIn Basis PointsPosted September 23, 2021

What I'm Reading Teeing Off: After years of languishing, demand for private golf club community amenities is at an all time high.  The sport - and real estate developments centered around it - had been experiencing declines as younger generations tended to show less interest than their parents.  Then the...

Tags: Development, Golf, Logistics, Office, San Francisco, Self Storage, WTF
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March 30th – Game Over

By Adam DeermountIn Basis PointsPosted March 30, 2021

What I'm Reading Game Over: Massive crowdfunding sinkhole Prodigy Network has filed for Chapter 7 bankruptcy.  The company, which had raised a reported $690MM from investors was overleveraged and besieged by lawsuits when its founder died suddenly in May and investor communication ceased.  This is a tragic reminder of the...

Tags: Boise, Crowdfunding, Debt, Distress, Golf, Hospitality, Retail, WTF
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March 26th – Recycled

By Adam DeermountIn Basis PointsPosted March 26, 2021

What I'm Reading Recycled: In a sign of how valuable logistics real estate has become, some developers are taking old, unused golf courses and building warehouses on them.  Imagine trying to explain this to someone who time traveled to 2021 from 2002.  Bloomberg En Fuego: Austin has become America's hottest...

Tags: Austin, Distress, Golf, Multifamily, Office, Warehouse, WTF
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