In a Q&A session at Washington, D.C.’s Economic Club, Berkshire Hathaway’s Chairman Warren Buffett said there will not be another recession “unless events in Europe develop in some way that spills over here big-time,” according to BloombergNews. Responding to questions posed by David Rubenstein, co-CEO of Carlyle Group LP, the …
The RepublicanHerald reports from Schuylkill County in Pennsylvania that Pine Grove Manufactured Homes Inc. has asked the Schuylkill County Court to reduce the fair market and assessed value of its property that was damaged by the floods of Sept. 2011, forcing the company to close the facility and move production …
The NewHavenRegister says the Ryder Woods Mobile Home Park in Milford, Connecticut was moved in 2005 to make way for a WalMart, and the developer paid fairly and squarely to move the 200 families. Three years ago the Ryder family re-purchased the community to make sure it would never have …
TheGlobeandMail tells MHProNews.com from Canada Quebec-based modular manufacturer Pro-Fab has acquired Guildcrest Building Corporation, a Morewood, Ontario modular home producer. Pro-Fab is actually part of Chicago-based Wynnchurch Capital, a private equity fund management company that had previously opened a Toronto office in 2009. Guildcrest has provided homes for first nations …
MarketWatch reports Chicago-based Green Courte Partners, LLC announces the acquisition from CRF Communities of Plantation Landings, an MHC in Haines city Florida. The four-star 394 home site age-restricted community is fully leased, MHProNews.com has learned. In 2009, Green Courte’s second fund, Green Courte Real Estate Partners ll, LLC, purchased Royal …
From semissourian we learn the Cape Girardeau (Missouri) City Council will hold a public hearing at tonight’s (June 4, 2012) meeting to consider rezoning what has been zoned Residential Manufactured Home District (RMH) to Highway Commercial District for an RV/travel trailer park. Mark Rademaker of the Landing Point RV Park …
DigitalJournal tells MHProNews.com Killam Properties, one of the largest MHC owners in Canada, has sold a portfolio of 12 manufactured home communities comprising 2,032 home sites to Canadian Apartment Properties Real Estate Investment Trust (CAPREIT). The transaction increases CAPREIT’s holdings to 14 MHCs and 3,365 home sites. In a related …
An estimated 60,000 plaintiffs who lived in Federal Emergency Management Agency (FEMA) trailers following the 2005 hurricane season may share in the most recent settlement of $5 million for injuries due to inhaling formaldehyde that oozed out of the interior walls. RVBusiness says according to court filings May 29, 2012 …
Modular builder Homes by Vanderbuilt is partnering with the Susan B. Komen Triangle Race for the Cure June 9, 2012 at Meredith College in Raleigh, North Carolina. SBWire says Vanderbuilt hopes to raise $5,000, and will match $5 for every $1 raised until the goal is reached. Seventy-five percent of …
SonomaCountyGazette in California names Harold C. Aguirre and the HCA Program as the Sonoma County Housing Coalition’s 2012 Housing Heroes, for quietly helping some 45,000 people over the years avoid homelessness. Aguirre made his family fortune in real estate, beginning in 1964 with MHCs, as HCA Management, and in 1989 …
CNNMoney reports two economist have studied 600,000 housing transactions near 159 new Walmart stores and determined home prices rose 2-3 percent in the two and a half years following the opening of a new Walmart within half a mile. Economists Jaren Pope at Brigham Young University and Devin Pope at …
UpdatedNews reports from Abbotsford, British Columbia, Canada residents of Garden Village MHC have been told their community will be closed and the land will be redeveloped. The owners have offered each homeowner $11,000, twice what the government requires, but some of the more recent arrivals say they have spent upwards …
RTTNews says while total revenues for Cavco Industries for the fourth quarter 2012 spiked 156% over the same period last year, from $38.8 million to $99.5 million, net profit for common shareholders was $1.65 million, or $0.24 per share, compared to $1.61 million or $0.23 per share for the same …
MHProNews.com reported in a story earlier today a Stone Creek Homes facility in Marshall County, Indiana south of South Bend abruptly closed its doors earlier this week, allegedly with no advance warning and without paying the 40 employees. Now word comes to us from WOWT-TV that the Stone Creek Homes …
TahoeDailyTribune reports South Shore Capital bought Tahoe Shores Mobile Home Park near Stareline, Nevada in 2002 to develop the 17 acres into 143 condominiums. While the project awaits funding, South Shore has been buying the remaining homes and renting them out, telling residents the community could officially close at any …
WSBT-TV in South Bend reports employees of the Stone Creek Homes plant in Marshall County, IN say they were laid off this week without notice and did not get their final check. They were allegedly told to take their personal belongings, the layoffs were indefinite, and they would be called …
MarketWatch tells us from Toronto, Canada, Innovative Composites International, Inc. (ICI) the maker of EcoScapes modular homes, announces its financial results for the second fiscal quarter of 2012. Revenues of $1,042,704 were up $135,764 from $906,940 in the first fiscal quarter 2012. Cost of sales for Q2 2012 amounted to …
KelolandTV from Aberdeen, South Dakota says Centennial Homes is cashing in on the oil boom in western North Dakota. Kevin Foss of Centennial says the company has been sending as many manufactured homes and modular homes as it can to the north. He expects business this year to increase 50 …
MarketWire states Phoenix-based Cavco Industries, Inc. (CVCO) will announce its fourth quarter fiscal 2012 earnings Tue. May 29, 2012 after the market closes. Senior officials will discuss the report in a live webcast the following day, Wed. May 30 at 12:00 noon Eastern time. Cavco is the second largest producer …
ArchitectureandDesign reports from Inverloch, Victoria, on Australia’s rocky southeast coast, Archiblox has created a modern, sustainable modular home that maximizes sea views to the south while minimizing the effects of the cold winds that also come from that direction. Electric awning windows at the top of the entryway stairs act …
