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Modular Mobilization Coalition for the COVID-19 Crisis Response

PHILADELPHIA,– Volumetric Building Companies (VBC) is mobilizing a coalition of industry partners with access to dozens of factories nationwide to execute its 10X Mobilization Plan to face today’s crisis head-on, addressing the shortage of healthcare facilities by standardizing designated Supplemental Care Unit (SCU).  SCU’s are wood-frame modular units containing six patient beds and two bathrooms. Daisy-chaining these factories together with … Continue reading Modular Mobilization Coalition for the COVID-19 Crisis Response

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Three Squared Adapts Residential Shipping Containers to Help End COVID-19 Hospital Housing Shortage

DETROIT,– Amid throngs of daily reports lamenting the critical lack of hospital beds and similar space shortage concerns for morgues in the wake of COVID-19, with makeshift tents being erected on both fronts as a short-term “BAND-AID,” one company has been think-tanking what could be a hugely viable solution for all. Detroit-based cargo architecture firm Three Squared, whose steel cargo containers … Continue reading Three Squared Adapts Residential Shipping Containers to Help End COVID-19 Hospital Housing Shortage

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Fairstead Announces $33.25 Million Acquisition and Rehabilitation of Festival Field Apartments in Newport, Rhode Island

NEW YORK,– Fairstead, a fully-integrated real estate firm committed to the preservation of high quality affordable housing, today announced the $33.25 million acquisition of Festival Field Apartments, a 204-unit Section 8 family apartment property located in Newport, Rhode Island. The acquisition was financed through the issuance of low-income housing tax credits and tax-exempt bonds issued through RIHousing. The property is … Continue reading Fairstead Announces $33.25 Million Acquisition and Rehabilitation of Festival Field Apartments in Newport, Rhode Island

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CIT Announces Community Support for those Affected by COVID-19

NEW YORK,– CIT (NYSE: CIT) today outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In addition, it will provide support for several community initiatives across the company’s footprint that aim to provide relief to … Continue reading CIT Announces Community Support for those Affected by COVID-19

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Flexible PSH Solutions: Enlightenment Plaza — A Model For The Provision Of Permanent Supportive Housing (PSH) For The (Formerly) Homeless

LOS ANGELES,– As California goes through its coronavirus crisis, progress towards development of permanent housing options for the homeless becomes an ever more apparent public health and safety priority. In Los Angeles, an important model for PSH is making its way through the planning process and is due for approval and construction start over the next six-month period.  … Continue reading Flexible PSH Solutions: Enlightenment Plaza — A Model For The Provision Of Permanent Supportive Housing (PSH) For The (Formerly) Homeless

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Home Affordability Improves For Average U.S. Wage Earners To Best Level In Over Two Years

IRVINE, Calif.,– ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its first-quarter 2020 U.S. Home Affordability Report, which shows that median home prices in the first quarter of 2020 are unaffordable for average wage earners in 319 of 483, or 66 percent of the … Continue reading Home Affordability Improves For Average U.S. Wage Earners To Best Level In Over Two Years

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Red Roof® Offers “Work Under Our Roof” Day Rate to Provide a Comfortable and Quiet Space for Remote Workers

COLUMBUS, Ohio,– Red Roof®, the leader in upscale economy lodging, understands the difficulty of this uncertain time, especially for workers trying to keep business continuity at home.  In response to the abrupt interruption of working environments, for the first time ever, Red Roof is offering day rates to help remote workers find quiet and comfortable spaces to allow … Continue reading Red Roof® Offers “Work Under Our Roof” Day Rate to Provide a Comfortable and Quiet Space for Remote Workers

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Modular Mobilization Coalition for the COVID-19 Crisis Response

PHILADELPHIA,– Volumetric Building Companies (VBC) is mobilizing a coalition of industry partners with access to dozens of factories nationwide to execute its 10X Mobilization Plan to face today’s crisis head-on, addressing the shortage of healthcare facilities by standardizing designated Supplemental Care Unit (SCU).  SCU’s are wood-frame modular units containing six patient beds and two bathrooms. Daisy-chaining these factories together with … Continue reading Modular Mobilization Coalition for the COVID-19 Crisis Response

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Patrick Industries, Inc. Provides Business Update Regarding COVID-19

ELKHART, Ind.,– Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing, and industrial markets, today provided a business and operations update regarding the coronavirus (COVID-19) pandemic. “In order to continue to both balance production levels with customer demand and prioritize … Continue reading Patrick Industries, Inc. Provides Business Update Regarding COVID-19

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The Howard Hughes Corporation® Closes On Two Loans Totaling Over $490 Million

DALLAS,– The Howard Hughes Corporation® (NYSE: HHC) announced today its recent closing on two loans totaling over $490 million. A $356.8 million construction loan was secured at Ward Village® for its sixth residential mixed-use development, Kō’ula, reflecting continued strong demand to live in the acclaimed 60-acre master planned community transforming Oahu. In addition, a $137 million, 5-year term loan was secured for … Continue reading The Howard Hughes Corporation® Closes On Two Loans Totaling Over $490 Million

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