REJournals tells us Real Estate Investment Services’ Marcus & Millichap sold Mt. Morris Estates, a 170 homesite manufactured home community in Mount Morris, Illinois for $3.6 million. The seller was listed only as a partnership. The community in Northwest Illinois is part of the Rockford, IL metropolitan statistical area (MSA), …
Mt. Morris Estates Changes Hands; Gloves Hide Seller and Buyer Read More
Drew Industries, Inc. subsidiaries Kinro, Inc. and Lippert Components, Inc. announce their employee base has grown to 4,541 nationwide, a 15 percent jump since Aug. 2011. Most of the new 750 jobs were in their home base Elkhart County in northern Indiana, according to RVBusiness. Last month alone they added …
Triad Financial Services, Inc. informs us that Jim Brand, Houston-based regional manager for the manufactured housing lender, passed away March 9 after a brief battle with cancer. With Triad since 2005, Jim previously worked for Associates Housing Finance as Sales Purchase Office Manager. Blessed with good humor and an infectious …
Manufactured housing industry supplier Encore Wire Corporation announced this week that the Company’s Board of Directors has declared a cash dividend of two cents per share. The dividend will be paid on April 20, 2012, to stockholders of record at the close of business on April 6, 2012. Encore Wire …
Atlanta-headquartered ARA, recently announced the sale of Independence Woods Manufactured Home Community located in Clarkston, MI and Oakland Estates Manufactured Home Community located in Auburn Hills, MI. The company says the communitieswere acquired by a large private operator new to the region. Independence Woods and Oakland Estates are both all age …
ARA’s Group Announces Sale of Two Manufactured Housing Communities Read More
Just north of eastern Montana and north of Regina, Saskatchewan, Canada, a modular town of 2,500 residents will emerge to provide workforce housing to build BHP Billiton’s Jansen potash mine, near the Gordon First Nation. MHProNews.com has learned from GlobalRegina that Craig Alloway of Calgary-based Atco, says it will be …
The Pallet-House has designed transitional, modular dwellings utilizing the pallets on which emergency food, clothing, and other supplies are delivered to disaster scenes for as little as $500. TreeHugger says the pallets can also be re-made into compact, affordable housing for up to $3000 using a few power tools. The …
Western U.S. supplier of axles, tires and set-up equipment to the manufactured housing industry, T.J.T., Inc., of Eagle, Idaho announced the opening of its new axle recycling plant in Emmett ID. The company’s president and CEO, Shawn King, sates, “We designed and built a modern, safe, and much more productive …
WillistonHerald in North Dakota reports that Rugby Homes, in business since 1963 and selling RVs in Williston for six years, has hired a full time salesman to sell modular and manufactured housing for the North Dakota-based company. The oil boom in the area, as we have reported previously, has created …
According to InsideIndianaBusiness, MH component manufacturer Patrick Industries, Inc. of Elkhart, Indiana has acquired Décor Mfg LLC for $4.4 million. Todd Cleveland, president and CEO of Patrick, says of the Tualatin, Oregon company: “The Oregon market is significant in terms of RV market potential as it relates to overall Northwestern …
A credit union in Michigan is reaching out with their Turning Point Home Loan to people with lower credit scores but with enough financial stability worth the risk. Michigan First CU’s vice president of lending, Chris Maynard says, “Take members who lost their job at the height of the financial …
ClosetsDaily tells MHProNews.com Salem, Oregon modular home builder Ideabox offers factory-built homes designed to incorporate IKEA interiors. Working with an IKEA dealer in Portland, OR, co-owner Cindy Russell says, “We design the layout and our clients can select the colors. Homes are complete when they leave the factory, ready to …
After 43 years, Santiam Homes in Aumsville, Oregon, is transitioning out of business and it’s location will be taken over by J & M Homes, which offers new and repossessed manufactured homes, as well as real estate, financing and construction in-house. The Statesman-Journal tells MHProNews.com Santiam’s owners, Ken and Janet …
From Salina, Kansas and KSAL News Radio, MHProNews.com learns that Universal Forest Products will lease 15,000 square feet of a 30,000 square feet facility in the Salina Airport Industrial Area. The Grand Rapids, Michigan company manufactures and markets wood and wood alternative products for the manufactured housing industry as well …
Palomar Modular Buildings, a Texas based direct manufacturer of custom commercial modular buildings, has announced the development of a multi-use dining facility for remote oilfield housing camps. The company says a series of designs will allow food service companies and property management groups to provide man camps with an all …
Palomar Modular Buildings Announces Multi-use Dining Facility for Oilfield Housing Camps Read More
WesternOne Equity Income Fund has announced that the first modular buildings are rolling off the production line in its Waco, Texas facility of its WEQ Britco LP division. The plant in Texas, which had been idle for three years before Britco purchased it in September 2011, now has 80 employees. …
One of the largest manufacturers of commercial modular buildings in North America, WesternOne Equity Income Fund’s Britco division acquired a new facility in Edmonton, Alberta, Canada and one in Waco, Texas in recent months. Headquartered in Langley, British Columbia, the company is currently involved in producing 280,000 square feet of …
From north of the border Sys-Con says Innovative Composites International, Inc. (ICI) has inked a deal to provide RedLeaf Homes, Ltd. with modular housing to distribute to mining camps, First Nations, and in other rural areas. RedLeaf will maintain exclusivity providing they generate $5 million worth of revenue annually. ICI’s …
In his annual letter to shareholders of Berkshire Hathaway, Warren Buffett, while noting the per share book value of their Class A and Class B stock gained 4.6 percent in 2011, says he jumped the gun on the housing recovery. As Business Insider tells MHProNews.com, “We have five businesses whose …
Palomar Modular Buildings, a Texas based manufacturer of commercial prefabricated and modular buildings, announced recently the introduction of an integrated wood-steel floor system achieved by nesting dimensioned lumber in perimeter steel beams. The company says the new floor system can reduce over the road height by as much as a …
Palomar Modular Buildings Introduces Integrated Wood-Steel Floor System Read More
