Casa Grande Dispatch says Sun Communities, Inc. is acquiring Palm Creek Golf & RV Resort in Casa Grande, Arizona from the Wolfswinkel family, who started the community more than 13 years ago. In a letter to residents, Ashton Wolfwsinkel says, “We believe that this is in not only the best …
ConstructionWeekOnline tells MHProNews Hawthorn Brook Group, which originally specialized in producing horse stables, is now also focusing on modular housing, and received its first contract in the region in Bahrain through its association with the Gulf Cooperation Council. Hawthorn’s Brian Fox says, “ Our products have a potential energy saving …
Capeazettevillagesoup says First State Manufactured Housing is once again offering $2,000 college scholarships to Delaware students who have lived in a manufactured home for over one year. Applicants will be judged on scholastic record, financial need, a 500 word essay and personal recommendations, and must file the Free Application for …
CrainsCleveland reports Freehold, New Jersey-based UMH Properties has acquired 125-site Olmsted Falls MHC in the southwestern suburbs of Cleveland, Ohio for $3.6 million. The 14-acre property in Olmsted Falls marks UMH’s second MHC acquisition this month just outside Cleveland. As MHProNews reported Dec. 4, 2012, it purchased 141-site Twin Oaks …
RVBusiness reports Sun Communities, Inc., through its subsidiary Sun Communities Operating Limited Partnership (SCOLP), has entered into an agreement to purchase 11 Morgan RV Resorts for $ 135 million. According to a filing with the Securities and Exchange Commission (SEC), properties include Morgan Fiesta Key LLC, Virginia Tent LLC, Wagon …
As MHProNews has learned from theatlanticcities, each of the modules is 14 feet wide X 35 feet long and 10 feet high, and include floors, electricity, plumbing, walls, kitchens and bathrooms, the basis for the 363 apartments. The strong construction unions in New York City initially opposed the project because …
As follow up on the massive, modular Forest City Ratner project in Brooklyn, NY, groundbreaking is set for today with Mayor Michael Bloomberg, Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York, Brooklyn Borough President Marty Moskowitz, and Forest City CEO Bruce Ratner. Theatlanticcities says …
Reuters reports Universal Forest Products, Inc. (UFPI:NASDAQ) is borrowing $75 million from Prudential Investment Management, Inc. to reduce debt associated with the recent purchase of Wash.-based Nepa Pallet and Container Corp. and acquire Custom Caseworks, Inc. of Sauk Center, Minn. The $35 million notes are unsecured ten-year at 3.89 percent …
Following up on an article we last posted Dec. 13, 2012, a Cavco Industries facility in Rocky Mount, Virginia is providing a foundation in New Milford Conn. with 30 manufactured homes. Named for a firefighter who died at the Twin Towers Sept. 9,2011, the Stephen Siller Tunnels to Tower Foundation …
Pionline reports the University of Michigan (UM) in Ann Arbor has committed $40 million of its $8 billion endowment to three alternative investment firms, one of which is Lake Forest, Ill.-based Green Courte Partners, LLC. Green Courte received $5 million in conjunction with The Parking Spot, a new real estate …
To follow-up on a story we posted Dec. 12, 2012, the underwriters for Killam Properties, Inc.’s public offering quickly took advantage of the opportunity to purchase an additional 375,000 shares of Killam’s common stock at $12. per share. Led by RBC Capital Markets, the public offering closed Dec. 10, 2012, …
ModularHomeCoach tells MHProNews Heritage Harbor in Ottawa, Ill. along the Illinois River has chosen Homeway Homes of Deer Creek, Ill. to build 30 one and two story modular vacation homes within their village development. “The Cottages at Heron’s Landing” will feature three different styles priced from $139,900 to $199,900. (Photo …
Following up on a story about the proposed development of an 11 unit modular housing project we posted Nov. 22, 2012 in Ridgefield, Conn., where neighbors criticized the plan over aesthetic and drainage issues, the developer has made revisions. The RidgefieldPress tells MHProNews the number of units on this four-tenths …
The World Property Channel reports China is backing the development of 20,500 homes in San Francisco to the tune of $1.7 billion, a development project at two former naval bases that will hire 5,000 over a six year period. Borrowing the money is Miami-based Lennar Corp.; terms were not disclosed. …
Notching the largest block of its own stock the company has ever bought, Warren Buffett’s Berkshire Hathaway (BRKA) bought 9,200 shares for $1.2 billion from the estate of a long-time shareholder. At $131,000 per share, it’s roughly 118 percent of the book value as of the end of the third …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada announces it has closed its public share offering of 2,500,000 common shares at a price of $12. per share to achieve its goal of $30 million. According to 4-traders, the eleven underwriters were lead by RBC Capital Markets, and have an …
Asbury Park Press in New Jersey reports in a state where almost 350,000 homes suffered significant damage, according to the Christie administration, long dormant home builders may be in for a long and prosperous stretch. The Shore’s builders are hiring staff and gearing up for increased work, and are finding …
RVPro reports Cavco Industries, Inc. will be featured on the Science Channel’s “How it’s Made” Dec. 13 at 9 PM EST. Focusing on factory-made housing, the model displayed will have solar panels on the roof, prototype backup propane generator, recycled lumber composite decking, on-demand water heating, as well as an …
GuruFocus reports Drew Industries, Inc. (DW) President and CEO Fredric Zinn sold 15,3000 shares of Drew at an average price of $32.45 on Dec. 3, 2012. He still owns 82,078 shares following the sale. The value of the stock fell by 1.36 percent since. Jason Lippert, CEO of Drew subsidiary …
KULR8TV in Billings, Montana tells MHProNews the 70,000 square foot former Sutton Sportswear building has been occupied the last six months by modular home builder Cass Homes, and the company plans to hire an additional 20-30 workers within the next two months. Providing high-end homes to eastern Montana, Canada and …
