Latest news with #Pinehurst
Forbes
5 days ago
- Business
- Forbes
Owners Of Pine Needles, Mid Pines Acquire Four More N.C. Golf Courses
An aerial image of Southern Pines, one of the three public properties under Rolling Pines LLC, which ... More has further expanded with the acquisitions of Whispering Pines and Foxfire. The group that owns Pine Needles, Mid Pines and Southern Pines – three of the most respected public golf properties in Pinehurst, North Carolina, outside of the Pinehurst Resort – has further expanded its footprint in the Sandhills region with the acquisition of four additional 18-hole courses. Rolling Pines LLC, a newly formed management company under the parent Mid Pines Development Group, added to its existing 54-hole portfolio with the purchase of the Country Club of Whispering Pines and Foxfire Country Club. Each facility has two 18-hole courses with deep ties to the region, although none were designed by Donald Ross, the architect of the group's other three courses. "We see great opportunities in both properties," said Kelly Miller, the managing partner of the new ownership group and the son-in-law of the late Peggy Kirk Bell, a former professional golfer known for her advocacy in the women's game who owned Pine Needles beginning in 1953. Miller has been with Pine Needles since the 1980s, working his way up to president and CEO over the years, and was instrumental in the company's 1994 acquisition of Mid Pines Inn & Golf Club, and the 2020 purchase of Southern Pines Golf Club. "Our goal is to make significant improvements on all four courses and get them on an upward trajectory,' added Miller. 'The Sandhills area is growing, North Carolina is growing, and Raleigh, Sanford and Fort Bragg seem to be getting closer and closer to us. This is a chance to some polish some classic golf courses from outstanding designers and make them available to the public at a reasonable price.' The acquisitions, financial terms of which weren't disclosed, come after years of ownership changes at both facilities. Both the Country Club of Whispering Pines, which opened in 1959 with two Ellis Maples-designed courses, and Foxfire Country Club, established in 1968 with two Gene Hamm-designed courses, were purchased from GreatLife Golf Management. Course Restoration Plans The Rolling Pines ownership group plans to enlist golf architect Kyle Franz to develop master plans for the newly acquired courses. Franz has been instrumental in the group's previous restoration projects, starting with Mid Pines in 2013 and Pine Needles Lodge & Golf Club in 2017-18, returning both to their original Ross character with rebuilt greens and reconfigured bunkers. He then oversaw the most dramatic transformation of the bunch at Southern Pines, with an 18-month restoration that followed its acquisition from the local Elks Club in 2020. Pine Needles, Southern Pines and Mid Pines were all reworked by golf architect Kyle Franz, who is ... More being enlisted to revamp the four new courses added to the Rolling Pines portfolio. Franz's work at Whispering Pines and Foxfire will differ from the faithful Ross restorations he completed previously, with a focus first on tweaking the courses and then developing a master plan as part of the new ownership's long-term vision. Haresh Tharani, whose family investments span retail, hospitality, and hedge fund management, has been a partner of the Miller and McGowan families since 2017 and brings additional capital as well as a shared vision for preserving the historic golf offerings in the region. He cites the appeal of the region and the potential of the properties as motivation for the acquisition. 'We have four seasons, low taxes, and a healthy business climate,' Tharani says of North Carolina's appeal. 'We're close to the mountains and the coast. And in the middle is the Sandhills, one of the great golf destinations in the country. We have a deep commitment to the community and to the state. We believe in buying properties that have a great legacy and tradition, and both of these clubs fit that.' The Mid Pines Inn and Golf Club Ties to the Region For Miller, the purchase represents an extension of his commitment to the region. He recalls playing both Foxfire and Whispering Pines as part of a group with his father-in-law, Warren 'Bullet' Bell, a former professional basketball player, and a group of 12 to 16 others who rotated between those courses as well as Pine Needles and Southern Pines every week. 'We had a great time. Over the years, Foxfire and Whispering Pines have had their challenges,' Miller added. "I have fond memories playing there and have had my eye on them for some time.' The River and Pines courses are the centerpieces to the club at Whispering Pines and were designed by Ellis Maples, whose family also has roots in Sandhills golf. His father, Frank Maples, was construction and course maintenance chief under Donald Ross, thus working extensively in the Pinehurst area, while his son Dan Maples has operated a golf design firm from Pinehurst for half a century. 'Whispering Pines has great corridors,' Miller said. 'They have some great golf there. The routing is really good. I have always been intrigued in the lineage to Pine Needles and Mid Pines because Ellis as a young man worked on the construction of both those courses.' Foxfire is situated about six miles southwest of the village of Pinehurst and sits on a 2,000-acre site anchored by Lake MacKenzie, which serves as a formidable water hazard at both the Red Fox and Gray Fox courses. Hamm, who like Ellis Maples is a member of the Carolina Golf Hall of Fame, opened the first course in 1968, a layout that hosted the ACC men's golf championship in 1970, 1973, and 1975. Nine new holes followed in 1972, and the facility became a 36-hole operation in 1981. Course Access In the near term, guests at both Pine Needles and Mid Pines will have access to the courses at Foxfire and Whispering Pines. There is the possibility of other synergies between the five properties, although the four new courses will operate separately from the existing membership structure at the original three clubs. The investment reflects the group's confidence in the golf potential of the Sandhills region, a destination known first and foremost among traveling golfers for the Pinehurst Resort and its 189 holes (and counting). With 126 holes of golf now under management, the Rolling Pines group has reinforced that it, too, is committed to long-term stewardship, with a focus on making quality golf available to the public while retaining its historic character. "We have a deep commitment to the community and to the state," Tharani said. "We believe in buying properties that have a great legacy and tradition, and both of these clubs fit that."
Yahoo
6 days ago
- Entertainment
- Yahoo
Country singer ‘in a bit of shock' after losing 2 family members on same day
Scotty McCreery is mourning the loss of two family members whom he lost within hours of each other. The country music singer lost both his grandmothers on Wednesday, McCreery wrote in a Facebook post Thursday. 'My heart is absolutely broken. Yesterday, both my Grandma Janet and my Grandma Paquita passed away. I think I am still in a bit of shock as I type this, but I'm choosing to remember the great memories we all made with both of them,' he wrote. 'There really are too many to count. From being on the farm in Elizabeth City or visiting the Outer Banks with Grandma Janet.. And then the incredible memories we made at the backyard pool in Pinehurst, all the way to visiting Puerto Rico with Grandma Paquita. Both of them truly taught me what love is all about,' McCreery wrote. 'I will miss them dearly. If yall could keep my family in your prayers I'd appreciate it.' The 'American Idol' alum's post was flooded with supportive comments from fans and loved ones alike. 'So sorry for your losses,' one comment read. 'It's hard to fathom losing both your grandmothers in the same day. Prayers for you and your family.' 'Both at once…more than you should bear,' another comment read. 'Praying that you find comfort in your memories.' McCreery rose to fame after winning the tenth season of 'American Idol' in 2011. He released his platinum-selling debut album, 'Clear as Day' that same year. McCreery has since released five more studio albums, with his latest being 'Rise & Fall' from 2024. Some of most popular songs are 'I Love You This Big,' 'The Trouble with Girls,' 'See You Tonight and 'Five More Minutes.' McCreery was inducted into the Grand Ole Opry in 2024. Popular 2000s country artist loses younger brother in Texas floods Country icon, 86, suffers heart attack after coming out of retirement Son of country music legend who suffered stroke on stage updates fans '90s country star says what she had to 'let go of' after coming out as gay Support surges for country music legend who suffered stroke on stage Read the original article on MassLive.
Yahoo
03-07-2025
- Entertainment
- Yahoo
Heartwarming Tiger Woods Moment With Son Charlie Woods Is Turning Heads
Heartwarming Tiger Woods Moment With Son Charlie Woods Is Turning Heads originally appeared on Athlon Sports. Charlie Woods continues to build his presence in the golf world. The 16-year-old competed this week in the 47th Junior North & South Amateur at Pinehurst Resort in Pinehurst, North Carolina. Advertisement On hand to support him was his father, golf legend Tiger Woods. During one stretch, Charlie drained a long putt, giving him four birdies in five holes. After sinking it, he turned to Tiger and joked, 'I don't want to hear it,' referring to his dad's course-side critiques. Tiger laughed and replied, 'Good putt,' and the two shared a moment of laughter. That interaction quickly caught fans' attention. NUCLR GOLF on X posted the following exchange: "Tiger and Charlie shared a laugh after he drained a long bomb for birdie." The exchange lit up social media, with fans weighing in on the father-son bond and Charlie's growing game. Advertisement This fan was excited for Charlie, "Charlie's got the swagger!" "Good putt Charlie," commented here. "Mini GOAT," from this golf fan. Another fan posted here: "LFG Charlie." While this fan was excited for Charlie, he was more excited about the winner of the event: "If T12 is +1, kid at -10 must've been lapping the field." This fan was not as pleased about the interaction and took the time to bash on Charlie: "Yeah suck it other 10 kids that did better or just as well. Let's hear about Charlie!!!" Tiger Woods and son Charlie Woods celebrate at the PNC Ray Seebeck-Imagn Images Still, the overall mood was celebratory. Tiger and Charlie were last seen in the spotlight together at the PNC Championship, and their shared joy at Pinehurst added to the growing list of viral Woods family moments. Advertisement Charlie held his own at the event, finishing just outside the top 10 with a final-round 1-under 71. He shot 72 on both Pinehurst No. 2 and No. 8 in the first two rounds. Davis Wotnosky took home the title at 10-under par. As for Tiger, the 15-time major champion is now 49 years old and hasn't won a major since 2019. He has yet to play in a PGA Tour event in 2025, after making five appearances in 2024. Related: PGA Tour Announces Management Change Amid 110th Season Related: Tiger Woods Announces Clear Decision on His Golfing Future This story was originally reported by Athlon Sports on Jul 3, 2025, where it first appeared.
Yahoo
20-06-2025
- Business
- Yahoo
Bluerock Value Exchange Launches $37.8 Million 1031 Exchange BR Churchill Downs Multifamily DST in Pinehurst, NC
NEW YORK, June 20, 2025 /PRNewswire/ -- Bluerock Value Exchange (BVEX), a 20-year, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, announced the launch of its latest 1031 exchange/DST offering known as BR Churchill Downs, DST ("Churchill Downs" or "DST") which is seeking to raise approximately $37.8 million from accredited investors. Churchill Downs multifamily offering represents BVEX's 42nd individual DST program. BVEX believes Churchill Downs represents an attractive investment opportunity in a unique low-density, direct-entry townhome and garden-style apartment community located in the Pinehurst, North Carolina Metro, which ranks in the top 10 among all small market regions in the U.S. and is known as the home of American Golf.1,2 The DST seeks to provide investors with monthly cash flow, the potential for appreciation driven by strong economic and population growth in the region, as well as the opportunity to significantly grow rental income through a targeted unit value-add / upgrade program. "We believe this is a very timely and favorable entry point for investing in apartments. The sector is poised to greatly benefit with forecasted increasing rents driven by a significant decline in new construction, which is leading to undersupply of housing options, the high cost of home ownership compared to renting, and continued high household formation," said Josh Hoffman, President of BVEX. "We selected Churchill Downs due to its well-respected national metro recognition and high growth location and the value-add / upgrade investment opportunity, which we believe can generate a great return on investment for investors," added Hoffman. About Bluerock Value Exchange With a 20-year track record, Bluerock Value Exchange is a national sponsor of syndicated 1031-exchange offerings with a focus on Premier Exchange Properties™ that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges of more than $2.8 billion in total property value and more than 14 million square feet of property. Additional information can be found at About Bluerock Bluerock is a leading institutional alternative asset manager with more than $19 billion of acquired and managed assets headquartered in Manhattan with regional offices across the U.S. Bluerock principals have a collective 100+ years of investing experience with more than $120 billion real estate and capital markets experience and have helped launch leading private and public company platforms. Additional information can be found at 1 POLICOM 2024 Economic Strength Rankings, Pinehurst Metro ranked #10 (out of 543) micropolitan regions in the nation. 2 Moore County Economic Development Partnership. View original content to download multimedia: SOURCE Bluerock Value Exchange
Yahoo
18-06-2025
- Sport
- Yahoo
Unfortunate News About Multiple Golfers Announced Last Minute at Travelers Championship
Unfortunate News About Multiple Golfers Announced Last Minute at Travelers Championship originally appeared on Athlon Sports. The final signature event of the season tees off this Thursday. Scottie Scheffler, who won the Travelers Championship in 2024, will be aiming to defend his title. Advertisement Rory McIlroy has also expressed his excitement to return to Pinehurst after missing the event last time. But concerning news about multiple golfers is coming forward last minute. According to a report, Hideki Matsuyama is listed with ongoing back issues, while Jason Day, the $64 million golfer, continues to be hampered by neck pain. Additionally, Alex Noren, the $16.5 million golfer, is battling a leg injury, and Brian Campbell is still recovering from his shoulder discomfort. Adding to the anxiety, Corey Conners has officially withdrawn from the tournament due to a worsening right wrist injury sustained at the U.S. Open. His withdrawal on June 17 opened a spot in the field for Jhonattan Vegas. The inclusion of injured players in the official field announcement has caused a stir, as all of them are listed in the playing list. Campbell is paired with Bud Cauley, Day with Max Homa, Noren with Cam Davis and Matsuyama with Justin Thomas. Jason Day putts on the 18th green during the second round of the U.S. Open.© Bill Streicher-Imagn Images These golfers have not yet withdrawn from the event. With a purse of $20 million, there is considerable excitement among the golfers and fans alike. Advertisement 'Looking forward to the week. This is the perfect sort of chaser for what Oakmont was last week, and nice to get out on a golf course where you feel you can make quite a few birdies.' McIlroy expressed. "After a week like I had at Oakmont last week, where you're not quite in the mix but you might feel you find something in your game, you're excited to come back and play again." He added. Related: PGA Tour Golfer Withdraws From Travelers Championship This story was originally reported by Athlon Sports on Jun 18, 2025, where it first appeared.
