RVBusiness says White Plains, NT-based Drew Industries, parent company of MH and RV suppliers Lippert Components, Inc. and Kinro, Inc. will release its third quarter 2012 corporate financial report prior to the market opening Oct. 31. A conference call will follow that same day at 11 AM eastern time, although …
CNNMoney tells MHProNews while Citigroup reported a net profit of $468 million for the third quarter, including several significant losses, their mortgage originations, unlike other large lenders, fell 15 percent from a year earlier to $14.5 billion. Chief Financial Officer John Gerspach, admitting his company did not increase staff quickly …
CapeGazette VillageSoup informs MHProNews from Georgetown, Delaware Captain’s Way Development LLC has requested a zoning change for a 155-acre parcel of land from single-family site built to manufactured home community. Developer Pret Dyer, saying it is an opportunity for Sussex County to achieve its affordable housing quota, also stated he …
A Novato, Calif. non-profit that operates Marin’s three homeless shelters will partner with modular builder Blu Homes to site 14 one and two-bedroom compact homes to be rented to low-income, formerly homeless families with children. According to marinij, Marin-based Homeward Bound, which also operates transitional housing, has raised one third …
MHProNews has learned from Courthouse News Service Palm Harbor Homes (PHHMQ) is suing three insurers that refused to defend it from 15 disgruntled homeowners in Nevada going back to 2005 and 2006. Palm Harbor alleges American International Group (AIG) issued a commercial liability policy for a Palm Harbor entity in …
OregonLive tells MHProNews the first modular multifamily affordable apartment project in the Northwest was sited in Portland, Oregon Thurs. Oct 11. Built in Aumsville, OR, Kah San Chako Haws–”East House” in Chinook— took 13 months to design and construct and cost $1.7 million, about $190,000 each unit. Architect Stuart Emmons …
Fastcodesign reports the new Starbucks in Denver looks more like something from the TV show Bonanza. Made of old Wyoming snow fencing, the modular unit is a drive-thru and walk-up only with no indoor seating, no internet connection, 500 square feet in size, LEED Certified and just large enough for …
TheGatewayNews tells us from Streetsboro, Ohio the Lakeside Terrace land lease community is undergoing a facelift as well as receiving new infrastructure. An MHC since the 1970’s, Dave Leichtman of Verandah LLC says he plans to sell new homes wholesale to the residents. Currently six units are occupied and three …
CNNMoney tells MHProNews a lawsuit filed by the U.S. government against Wells Fargo accuses the giant lender of intentionally concealing bad loan information on 6,320 risky loans which eventually cost the government $190 million for defaulted home mortgages. Filed in the Southern District Court of New York, the complaint alleges …
RVBusiness says manufactured home and recreational vehicle manufacturer Skyline Corp. has reported an improved net loss for its first quarter 2013, as well as a slight drop in sales. This quarter loss amounted to $3.5 million as compared to a $6.8 million loss a year ago. Total sales fell from …
Reuters reports Sun Communities, Inc. is purchasing four eastern Michigan manufactured housing communities from a group of Rudgate affiliated entities for $70.8 million comprised of 1,996 manufactured home sites. Sun is also financing two other Rudgate communities, which it will then manage, also in eastern Michigan, comprising 1,598 manufactured housing …
According to dl-online in west central Minnesota, Homark Homes of New York Mills, MN is building two modular bunkhouses for a gold mine in Musselwhite, Ontario, Canada. Each building will measure 28 feet by 282 feet and will house 76 mining workers in two-man units. While their focus remains on …
The Sydney Morning Herald in Australia tells MHProNews a building system called Klik can manufacture everything from single houses to high rise apartment buildings. Using either square, linear, L-shape or C-shape bases that support up to 14 different single and three-bedroom apartments, four Melbourne apartment buildings have been constructed recently …
The Wall Street Journal reports billionaire investor Sam Zell is expected to choose Thomas Heneghan, now CEO of Equity LifeStyle Properties, Inc. (ELS), to replace Gary Garrabrandt as head of Equity International, Zell’s global real estate investment arm. Investors in Equity International (EI) must approve Zell’s choice, but could also …
Augusta, Georgia’s WBJF-TV tells MHProNews Augusta businessman Donnie Thompson and a New York City developer are proposing dozens of modular homes on a six acre tract that Thompson recently bought from the city for $300,000. Mayor Deke Copenhaver says, “We need to bring more residents into downtown Augusta. Our loft …
Investors tells MHProNews the stocks of Patrick Industries (PATK) and Drew Industries (DW) surged this past week. Drew advanced seven percent, and Patrick, which jumped 20 percent at the beginning of the week, settled at plus 13 percent. Both companies are major component suppliers to the manufactured housing and RV …
Canada’s Killam Properties, Inc. (TSX:KMP) announces it will release it’s third quarter 2012 financials for the period ending Sept. 30 on Tue. Nov. 6 after the market closes. Canada Newswire says a conference call to discuss the results will follow on Wed., Nov 7, 2012 at 11:00 AM EST. The …
PRNewswire tells MHProNews Green Courte Partners, LLC announces the appointment of Thru A. Shivakumar as Vice President, Acquisitions. While Ms. Shivakumar’s background is with parking facilities, and her focus will remain in that sector, her experience includes asset and portfolio management. Chicago-based Green Courte is a private-equity real estate investment …
WALB-TV reports White Plains, NY-based Drew Industries, Inc. (NYSE:DW) will ring the closing bell at the New York Stock Exchange on Fri., Oct. 5 in honor of Drew’s 50th anniversary as a publicly traded company. Drew’s initial public offering in 1962 denotes its involvement in real estate financing, management and …
A Czech designed energy-efficient modular home, the Freedomky, features a heat recovery ventilator and air-to-air heat pump as well as photovoltaics and solar thermal hot water. As OregonLive tells MHProNews, this “tiny house movement” home is available in 248 and 409 square feet, and can be assembled in five hours. …
