Latest news with #MichaelMcDermott
Business Journals
6 days ago
- Business
- Business Journals
5 things: Italian restaurant The Place reopens near Placerville
Welcome to Thursday, loyal readers. The Michelin Guide California ceremony returned to Sacramento last night, where two of Sacramento's top fine dining restaurants retained their stars and a local chef received a special award. Here's what else you need to know today. Want more local business headlines? Sign up for our morning and afternoon newsletters to get Sacramento business news delivered straight to your inbox. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Restaurant near Placerville reopens We've been following the changes at a restaurant space near Placerville, which previously operated as The Little Italian Place. Local restaurateur Michael McDermott opened the business at 1772 Pleasant Valley Road. He later sold it to downsize his portfolio. McDermott, who also operates The Place and Daniello's Speakeasy in Roseville, remained the landlord of the property near Placerville. The latest owner of the Italian restaurant near Placerville, listed as Rudy Drums Restaurant LLC, filed for Chapter 7 bankruptcy on Dec. 16. That operator closed the business. Late last year, the Business Journal reported McDermott planned to reopen an Italian restaurant in the space. Update: The restaurant near Placerville has reopened under McDermott's leadership. It appears the business is now called The Place. An online menu includes pizzas, calzones and an assortment of pastas. The aforementioned bankruptcy case closed March 4. In February, the court lifted the case's automatic stay, giving McDermott the rights to obtain possession of the property at 1768-1772 Pleasant Valley Road, in addition to some personal property left on the property, including televisions, iPads, kitchen equipment and furniture. Purple Place building in El Dorado Hills has new tenant A high-profile El Dorado Hills space that was the longtime home of The Purple Place has a new future in the works, with a project being spearheaded by an established local nightlife operator. The building at 363 Green Valley Road in the Green Valley Center has been vacant since late 2022, when The Purple Place closed its doors. Now, business partners Eric Rushing and Thomas Holzmann have confirmed they are taking over the space. Rushing has been involved with several nightlife businesses in Sacramento. Reporter Jake Abbott explains what's next for the former Purple Place building in El Dorado Hills. Region's largest apartment complex getting rent restrictions The largest apartment property in the Sacramento region is moving away from having rents set at market rates. Last Friday, the Capitol Area Development Authority's board approved a regulatory agreement governing 803-unit Woodlands in South Natomas, where rents would be affordable to people making 60% to 120% of area median income. Senior Reporter Ben van der Meer explains why the Woodlands apartment complex is moving away from market-rate rents. Former Trifecta CEO's new venture seeks to cut power bills Smart home-energy platform startup Kora Power Inc. sees a strong market for helping homeowners manage their electric bills using batteries and technology to reduce costs. Davis-based Kora combines a smart electrical panel with a sophisticated battery and software to allow users to manage and trade energy at times that are most efficient. Kora is led by Greg Connolly, the former CEO and co-founder of performance meal delivery company Trifecta Inc., which he left in May of 2024 after 10 years at the helm. Reporter Mark Anderson has details about Davis-based startup Kora Power. Local developer changes how it builds affordable housing Affordable housing developer Mutual Housing California is moving away from conventional wood-frame construction for future projects in Northern California. Starting next spring with a 76-unit project in Stockton, the Sacramento-based company is teaming with Boise, Idaho-based Guerdon LLC to build all future developments with modular construction. Senior Reporter Ben van der Meer explains why Mutual Housing is opting for modular construction. Have a great day, folks. Thanks for reading.
USA Today
13-04-2025
- Sport
- USA Today
Michael McDermott gets the best 4-word praise from Tom Kim at the Masters
Michael McDermott gets the best 4-word praise from Tom Kim at the Masters The buzz at the Masters is, of course, about Rory McIlroy maybe winning his first green jacket at Augusta. But there was also focus on Michael McDermott, the Augusta National member who's used as the "marker" to keep a single player on pace when there's an odd number of post-cut golfers. Everyone wanted to know how he did with Tom Kim on Saturday, and Kim gave his review, per Golfweek: 'He played great actually. Hits the ball really far. His irons, sometimes he grabbed one club longer than me. He was a complete baller.' That's some seriously high praise. We'll see McDermott once again on Sunday! Can't wait!
Washington Post
12-04-2025
- Business
- Washington Post
Masters marker creates a buzz on social media from golf fans wishing they could take his place
AUGUSTA, Ga. — Michael McDermott became the envy of the golf world — again. For the second time in three years, McDermott served as a non-competing marker at the Masters, this time playing alongside Tim Kim for 18 holes in the third round at Augusta National on Saturday. When there's an odd number of players who make the cut at the Masters , the single player gets a playing partner — appointed by the club — to record his score. McDermott, the CEO of a financial services firm in Pennsylvania and a member at Augusta National, got the nod.
Forbes
12-04-2025
- Sport
- Forbes
Why This CEO And Augusta National Member Gets To Play At The Masters
Michael McDermott, an Augusta National member and accomplished amateur golfer, has played in the ... More Masters the past several years as a non-competing marker. (Photo by) If you're a die-hard recreational golfer, prepare to be a little envious. Michael McDermott has one of the best jobs in golf this weekend, serving as a non-competing 'marker' at the Masters where he plays alongside a participant when there's an odd number of golfers in the tournament field. Saturday's third round saw McDermott playing with Tom Kim at Augusta National Golf Club. While the prospect of facing Augusta National's treacherous greens under major championship conditions would be overwhelmingly intimidating for most amateur golfers, McDermott is a unique case, to say the least. The successor to longtime Masters marker Jeff Knox, the 50-year-old McDermott is a +3 handicap, one of the most successful amateur golfers in the history of the Golf Association of Philadelphia region, and a member at not only Augusta National, but storied Philadelphia-area clubs such as Pine Valley, Merion and Aronimink. Michael McDermott (left) played alongside Tom Kim during the third round of the 2025 Masters ... More Tournament at Augusta National Golf Club. (Photo by) McDermott might not have a professional tour card, but his golf resume is among the most accomplished in the game. McDermott is the CEO of Kathmere Capital Management, whose headquarters in Wayne, Pennsylvania, is within about 10 miles of both Merion and Aronimink, and has been in wealth management industry for over 25 years. A two-time winner of Pine Valley's Crump Cup, one of the nation's premier amateur events, and a five-time GAP Player of the Year, McDermott became a member at Augusta National eight years ago. In 2023, he made his debut as a marker at the Masters and reputedly hit a drive of more than 300 yards off the opening tee, outdriving his playing partner (the older and short-hitting Mike Weir) by an estimated 40 yards. Michael McDermott made his debut as a marker at the Masters during the 2023 tournament at Augusta ... More National, one of a handful of heralded private clubs at which he is a member. (Photo by) Golf seems to run in the blood of the McDermott family. His father Neal, a former executive with Philadelphia Electric, was GAP president from 2002-2005 and a scratch golfer who won GAP father-son titles with all three of his sons. Michael was the oldest of the trio, all of whom played golf at Saint Joseph's University in Lower Merion, Pennsylvania. In addition to getting a finance degree in 1997, Michael McDermott was a three-time All-Atlantic 10 selection and as a senior was recognized as the top senior athlete in his class in addition to being named an All-America Scholar by the Golf Coaches Association of America. He was later inducted into the school's Athletics Hall of Fame and for years helped the golf team as an assistant coach. McDermott went on to a career in finance and today has three sons of his own, but for years was a dominating presence in the Philadelphia-area amateur ranks as well as on a national level. He won the Pennsylvania Mid-Am four times and once shot 62 during a club event at Pine Valley, which is widely recognized as the No. 1 course in the U.S., ahead of even Augusta National. In the second of his two Crump Cup victories in 2017, McDermott eagled Pine Valley's par-4 17th hole in the final match. While playing less competitive golf these days, McDermott is still actively involved in the game. He's a co-founder of The GolfBridge Society, which seeks to mentor junior golfers in the Philadelphia area through a no-cost development program that combines unique playing opportunities with leadership and life lessons. He is also a board member of the Cobbs Creek Foundation, a nonprofit that's restoring the historic Cobbs Creek Golf Course in partnership with the City of Philadelphia in addition to creating a state-of-the-art golf and educational campus for youth. McDermott walks off the fourth tee with his caddie during the third round of the 2025 Masters ... More Tournament. (Photo by) The Masters markers don't keep an official score, although their name is announced by the starter on the first tee and they play from the same tees as the other competitors. They also can become a bit of a cult hero around the grounds of Augusta National, as many patrons relish seeing an unknown amateur keeping up with (and occasionally outshining) some of the best pros in the game. For years, Knox was that fortunate fellow. Now its McDermott, who's quietly built (and still building) a legacy in golf all his own.
USA Today
12-04-2025
- Sport
- USA Today
Why Michael McDermott, an Augusta member, could play with Tom Kim at the Masters
Why Michael McDermott, an Augusta member, could play with Tom Kim at the Masters Welcome to FTW Explains, a guide to catching up on and better understanding stuff going on in the world. Did you hear the name Michael McDermott at the 2025 Masters and wondering who the "marker" is? No worries. We're here to help. It's that time again at the Masters: an odd number of players made the cut. And that could mean that Tom Kim -- who just made the cut at +2 with a bunch of other golfers -- could be playing solo on Saturday. But he won't. And that's because he's going to be joined by a marker. Don't worry, we'll explain it all for you. What is a marker at the Masters? So at Augusta, a member of the club is deemed the official "marker." If there's an odd number of players who are teeing off on a given day, the marker might be asked to play to keep up the pace with a golfer. The marker's score doesn't count, but we've heard of the marker playing better than some of the pros out there. Who is Michael McDermott, the marker at the Masters in 2025? He's from Pennsylvania and he's really good at golf. What happened to Jeff Knox, who famously was the marker at the Masters for years? From the Augusta Chronicle: Jeff Knox was an absolute legend. Has the Masters marker ever beat the pro he's played with? Yes, there's been talk that Knox outscored some of the pros from time to time.
