Check out the exclusive Metrostudy data underlying many an M&A conversation going on now among builders. Will COVID-19 impact deals? By John McManus One of the English language’s tiniest, 2-letter words contains countless multitudes of meanings. As coronavirus calculus courses through the economy at a rate blistering enough to make even a supercomputer smoke, the word is unavoidable. If. The word,….
PUBLISHED FEBRUARY 25, 2020 BY SYDNEY LAKE Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm,….
Transaction Enables Stanley Martin Homes to Expand into Additional Metro Areas in the Southeast RESTON, Va., Feb. 12, 2020 /PRNewswire/ — Stanley-Martin Communities, LLC announced today it has entered into an agreement to acquire the homebuilding assets of Essex Homes in North Carolina and South Carolina. The transaction is expected to close by the end of February 2020. Columbia-based Essex Homes was founded in 1985 in Aiken, South….
Builders, remodelers, manufacturers, and market watchers share their predictions for home building in the near future. By Joe Bousquin After briefly peering into the abyss at the start of last year due to the housing pullback of late 2018, home builders were much more upbeat heading into 2020. Indeed, the NAHB Wells Fargo Housing Market Index, a measure of builder confidence,….
Editor’s note: This story was updated to correct the spelling of mergers and acquisitions expert Chris Jasinski’s last name. In a rural wedge of Greenville County between the Enoree River and its northern branch lies a swampy, spring-fed haven for a rare plant species — the bunched arrowhead — that lies in the cross hairs of sprawling residential development outside Travelers Rest. Listed….
Via National Real Estate Magazine 2020 The year 2019 was certainly a step backward for the cannabis industry—publicly-traded cannabis stocks tumbled roughly57 percent year over year as of the third quarter of 2019. Nevertheless, cannabis operators remain bullish and stead-fast in their pursuit to expand their footprint and open new retail locations. State laws, local ordinances and financing restrictions have….
When the Illinois legislature passed a law last spring legalizing recreational cannabis starting Jan. 1, it set off a dealmaking rush among cultivators and a months-long scramble to secure Chicago retail properties where providers could sell the product. That jostling began even before the city passed its own ordinance in the fall governing sales, with at least several deep-pocketed providers securing….
Chris Jasinski, managing partner and co-founder of JTW Advisors JTW ADVISORS By Bill Hethcock – Senior Reporter, Dallas Business Journal Nov 25, 2019, 8:47am EST Publicly traded homebuilders and foreign-owned builders are significantly growing their market share in North Texas as a result of consolidation in the industry. Source: Dallas – Business Journal
By Bill Hethcock – Senior Reporter, Dallas Business Journal Dec 2, 2019, 4:05pm EST U.S. home builders benefited from low interest rates this year as housing starts climbed to levels not seen in a decade and new-home sales surged after a disappointing 2018. Homebuilder D.R. Horton Inc. is outperforming its construction-industry competitors across multiple metrics, according to analysts who have recently weighed in on the Arlington-based….
July 31, 2019 Joseph Pimentel, Bisnow Los Angeles On a recent day this summer, Dana Hathaitham stood in the middle of Kitchen United’s Pasadena location and watched the action unfold. Delivery drivers carrying satchels with Grubhub written on the sides walked in and out of the kitchen to pick up food. A group of people — a combination of local….
JTW Advisors LLC served as the sell-side advisor to Level Homes in the sale of their Raleigh division to Lennar. As a result of the transaction, Lennar owns and/or controls an additional 1,602 homesites in the Raleigh market. Level Homes is the 111th largest builder in America and is headquartered in Baton Rouge, LA. Level expanded into the Raleigh, NC….
MedMen operates 19 licensed facilities in California, New York and Nevada, and recently obtained a license to do business in Florida. Its retail locations, which have a minimalist layout and tablets displaying product information, have often been likened to Apple (AAPL) stores. On Friday, MedMen said it had landed “prime retail locations” in Florida, with long-term leases in Miami Beach, Ft. Lauderdale,….
Companies in Greater Orlando have outsourced their legal, engineering and surveying work for decades when it comes to real estate development. Now land acquisition consultancy Blake-Wilder Strategies is two months into staking its claim as the market’s next competitive advantage. Active in eight markets nationally including Tampa/St. Petersburg, the firm’s two-man office for Greater Orlando went live in early June….
Prior to joining Blake-Wilder Strategies, Max spent time as both a Land Acquisition and Land Development Manager with the CalAtlantic Group in Orlando, FL. Max was responsible for land acquisition, due diligence, entitlement, and development of thousands of lots throughout the Orlando MSA. He was instrumental in guiding CalAtlantic’s second largest division throughout their merger with Standard Pacific Homes in one of….