Real estate blog entries tagged with real estate news by Toby Tobin (Real estate commentator; GoToby.com, Take Action Propertiesi)

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Home : Blogs : Toby Tobin : Toby Tobin's Blog : Tag "real estate news"

real estate news: Ginn Clubs and Resorts Misses P&I Payments on $675 Million Credit Facility - 07/02/08 04:43 PM

Signaling cash flow woes, Ginn Clubs and Resorts missed principal and interest payments on its first- and second-lien debt according to a LCD report. Lenders have agreed to not exercise remedies for 30 days but have not waived the default. The 30-day waiver on principal and interest payments was granted when Lubert-Adler agreed to kick in $5 million in cash for operations. The agreement affects only four Ginn properties.
Both the report and comments from Ginn President, Robert Gidel can be seen at the following link: Florida Real Estate Developer, Ginn Clubs and Resorts, Misses Principal and Interest Payment
Toby Tobin is … (7 comments)

real estate news: The Lubert-Adler Connection – Where does Bobby Ginn's Development Money Come from? - 04/16/08 06:30 AM

I just finished covering the Ginn Championship at Hammock Beach. The tournament is part of the PGA Champions Tour. This was the second year Bobby Ginn's Ocean Course at Hammock Beach hosted the event. As a response to the downturn in the real estate market, Ginn made some changes from last year. The blimp was gone. It's now owned by Direct TV. The number of volunteers was down a little; as was the compensation package they were given. The Saturday night Smokey Robinson concert was limited to Ginn Club members only.
But the tournament did not suffer a bit. By all accounts, … (1 comments)

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Toby Tobin

Palm Coast, FL

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Real estate commentator; GoToby.com, Take Action Propertiesi

Address: 35 Riverview Bend S., Unit 1816, Palm Coast, FL, 32137

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