Residential Building & Real Estate

H.I.G. Capital Completes the Re-Development of a Mixed-Use Asset in Mannheim, Germany

Wednesday, November 20, 2019 - 12:05pm

H.I.G.

Key Points: 
  • H.I.G.
  • H.I.G.
  • is a leading global private equity and alternative assets investment firm with over $34 billion of equity capital under management.
  • H.I.G.

Kinestral Technologies’ Halio Smart-Tinting Glass Provides Critical Daylight for Seniors at Belgium’s Avondzon Residential Care Center

Wednesday, November 20, 2019 - 3:00pm

Kinestral Technologies, Inc. and Halio International, S.A. announced today at the Greenbuild International Conference and Expo that Avondzon, a 160-bed residential care center in Belgium, has installed Halio smart-tinting glass.

Key Points: 
  • Kinestral Technologies, Inc. and Halio International, S.A. announced today at the Greenbuild International Conference and Expo that Avondzon, a 160-bed residential care center in Belgium, has installed Halio smart-tinting glass.
  • Avondzon is the first health care facility to install Halio, said Benot Domercq, general manager of Halio International, S.A., a joint venture company formed by Kinestral and AGC, Inc., the worlds largest glass manufacturer.
  • Because daylight is so critical to our well-being, Halio can provide significant benefits for health care centers.
  • Headquartered in the San Francisco Bay area, Kinestral Technologies, Inc. develops technologies that transform glass into responsive, intelligent, and beautiful architectural elements.

Skyline Champion Corporation and URBANEER, Inc. to Co-Develop New Line of Accessory Dwelling Units (ADUs)

Wednesday, November 20, 2019 - 1:15pm

Today, Champion Home Builders, a Subsidiary of Skyline Champion Corporation, and URBANEER announced they had entered into a development agreement to co-brand a new line of Accessory Dwelling Units (ADUs).

Key Points: 
  • Today, Champion Home Builders, a Subsidiary of Skyline Champion Corporation, and URBANEER announced they had entered into a development agreement to co-brand a new line of Accessory Dwelling Units (ADUs).
  • View the full release here: https://www.businesswire.com/news/home/20191120005308/en/
    The agreement also grants Skyline Champion access to interior components designed by URBANEER for use in the new co-developed ADU line and its non-co-branded modular and manufactured homes.
  • Skyline Champion believes placing ADUs in America's backyards is one powerful, practical and cost-effective step in the right direction.
  • Skyline Champion Corporation (NYSE: SKY) was formed in June of 2018 as the result of the combination of Skyline Corporation and the operating assets of Champion Enterprises Holdings, LLC.

Cushman & Wakefield Secures Equity and Debt for Selig Enterprises to Capitalize 1105 West Peachtree

Wednesday, November 20, 2019 - 3:00pm

The Atlanta Equity, Debt and Structured Finance team of Cushman & Wakefield (NYSE: CWK) has secured funding on behalf of Selig Enterprises, a 100-year-old Atlanta-based developer, to capitalize 1105 West Peachtree, a $530 million mixed-use development in Midtown Atlanta.

Key Points: 
  • The Atlanta Equity, Debt and Structured Finance team of Cushman & Wakefield (NYSE: CWK) has secured funding on behalf of Selig Enterprises, a 100-year-old Atlanta-based developer, to capitalize 1105 West Peachtree, a $530 million mixed-use development in Midtown Atlanta.
  • The office was originally envisioned to be 552,000 square feet, however, in response to strong market fundamentals and preleasing, Selig increased the office to 665,000 square feet.
  • Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners.
  • Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries.

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2019 Dividends for Its Preferred Shares

Wednesday, November 20, 2019 - 1:30pm

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

Key Points: 
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .
  • Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein.

Pennsylvania American Water Reminds Customers that Happy Holidays Start with the Proper Disposal of Fats, Oils and Grease

Wednesday, November 20, 2019 - 5:00pm

With the start of the holiday season around the corner, Pennsylvania American Water reminds customers not to invite FOG (Fats, Oils, and Grease) clogs to your gatherings.

Key Points: 
  • With the start of the holiday season around the corner, Pennsylvania American Water reminds customers not to invite FOG (Fats, Oils, and Grease) clogs to your gatherings.
  • We encourage our customers to cease the grease this holiday season and avoid putting FOG down the drain, said Pennsylvania American Water President Mike Doran.
  • Pennsylvania American Water is conducting a holiday-themed awareness campaign throughout the season and beyond on the importance of FOG-related disposal.
  • Pennsylvania American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor owned water utility in the state, providing high-quality and reliable water and/or wastewater services to approximately 2.4 million people.

Homestead Community Land Trust Begins Construction on Zero-Energy Permanently Affordable Homeownership in Renton

Wednesday, November 20, 2019 - 6:00pm

Today, Homestead Community Land Trust (Homestead) begins work on Willowcrest, King Countys first multi-unit homeownership project designed to be affordable to low- and moderate-income households while also reducing utilities costs and climate impacts through ultra-high energy efficiency and the elimination of fossil fuels.

Key Points: 
  • Today, Homestead Community Land Trust (Homestead) begins work on Willowcrest, King Countys first multi-unit homeownership project designed to be affordable to low- and moderate-income households while also reducing utilities costs and climate impacts through ultra-high energy efficiency and the elimination of fossil fuels.
  • Through one-time investments that subsidize the initial price of the homes and partnerships with buyers, Homestead will keep Willowcrest homes affordable to all subsequent income-qualified buyers permanently.
  • Willowcrest is also the first affordable homeownership project in King County to benefit from housing agency contributions of land.
  • Homestead is a non-profit community ownership organization founded in 1992 with over 200 permanently affordable homes in trust.

Impact of Rising Rates, Tenure Length on 2020 Outlook, According to First American Potential Home Sales Model

Wednesday, November 20, 2019 - 12:00pm

The market potential for existing-home sales increased by 0.6 percent compared with a year ago, a gain of 33,050 (SAAR) sales.

Key Points: 
  • The market potential for existing-home sales increased by 0.6 percent compared with a year ago, a gain of 33,050 (SAAR) sales.
  • Currently, potential existing-home sales is 1.56 million (SAAR), or 23.1 percent below the pre-recession peak of market potential, which occurred in March 2004.
  • The market for existing-home sales outperformed its potential by 4.6 percent or an estimated 239,000 (SAAR) sales.
  • In October 2019, the housing market exceeded its potential, as actual existing-home sales exceeded market potential by 4.6 percent, or an estimated 239,000 seasonally adjusted annualized sales.

Ezlo Innovation Launches PlugHub Energy, The First Smart Plug With a Built-In Home Control Hub

Wednesday, November 20, 2019 - 2:00pm

The PlugHub Energy offers unparalleled value by turning lamps and other standard appliances into smart products, while enabling control of Z-Wave devices such as smart locks, thermostats, sensors, and more.

Key Points: 
  • The PlugHub Energy offers unparalleled value by turning lamps and other standard appliances into smart products, while enabling control of Z-Wave devices such as smart locks, thermostats, sensors, and more.
  • The PlugHub Energy furthers our effort to make home automation more accessible to everyone, said Mark Samuel, CEO of Ezlo Innovation.
  • Weve solved that problem with a literal plug-and-play hub at a price point far below what customers would have to pay for a separate smart plug and control hub.
  • This announcement follows Ezlo Innovations launch of the Atom smart home hub, as well as the acquisitions of Centralite Systems , Vera Control , and Fortrezz .

Frontdoor to Attend the 2019 Raymond James Technology Investors Conference

Tuesday, November 19, 2019 - 9:45pm

Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced that management will attend the 2019 Raymond James Technology Investors Conference on December 10, 2019.

Key Points: 
  • Frontdoor, Inc. (NASDAQ: FTDR), the nations leading provider of home service plans, today announced that management will attend the 2019 Raymond James Technology Investors Conference on December 10, 2019.
  • Frontdoor is a company thats obsessed with taking the hassle out of owning a home.
  • With services powered by people and enabled by technology, it is the parent company of four home service plan brands: American Home Shield, HSA, Landmark and OneGuard.
  • Frontdoor serves more than two million customers across the U.S. through a network of more than 16,000 pre-qualified contractor firms that employ over 45,000 technicians.