Wednesday, November 16, 2016

Walmart Pushes for Change in Retail Strategy to Increase In-Store Pick Ups

Target Corp. and Walmart Stores Inc., among other similar large companies, are starting to invest heavily to make same-day store pickups possible for more and more products. During the holiday season, it seems that more items are ordered online from customers and retailers are pushing to make those products available that very day. In fact, Walmart said the volume of items ordered online and then picked up in stores the same day increases by five times during the holiday season! Pickup orders skyrocketed last season, but it’s expected to increase by even more this year.

Walmart is planning to focus on discounts, aiming for the lowest prices on items rather than offering “gimmicky” deals for a second year in a row; their customers are expecting more consistent pricing. The retailer will also look to make checkouts faster within the stores, said Walmart Chief Operating Officer Judith McKenna. Now, staff members wearing yellow vests will help shoppers find open registers and the shortest lines, as well as grabbing items customers may have not remembered.

Want to read the full article? Click Here

Monday, November 7, 2016

Bascom Makes 196-Unit Acquisition to Portfolio in “Poised for Growth” Tucson, Arizona!

Springs at Continental Ranch is a 196-unit luxury apartment complex located in Tucson, Arizona that was recently purchased by The Bascom Group for $250 million! Oaktree Capital Management managed the funds for the real estate transaction. Built in 1999, the community consists of 19 two-story buildings and includes two high-class, resort-style swimming pools along with a spa. There are also several other amenities offered onsite, including controlled access gated entry, common area Wi-Fi, a theater room, a 24-hour fitness center, barbeque grills and private garages.

The apartment complex is situated in an excellent growth position, located in an economically-developing section in northwest Tucson, just west of Interestate-10.

Mark Jacobs, the Managing Director at Oaktree, is quoted, “as a smaller market, Tucson is sometimes overlooked. But the jobs-to-permits ratio is amongst the highest in the nation with more than three jobs created for every housing unit built!” He continues: “We believe Tucson is poised for meaningful rent gains as a result of strong, high-quality job growth with limited new supply pipeline.”

Want to read the full article? Click Here

Monday, October 24, 2016

Housing Market Shift Expected as Baby-Boomers Age | Retirees to Look to Manufactured Home Communities

Now as the baby boomer generation is coming to the point of retirement, several are seeking manufactured home communities as a means of affordable living. Many take the path to purchase a mobile home upfront, then place it on leased land within one of these communities.

“While land-lease communities are popular with people of all ages, those who are over 55 may particularly appreciate the affordability and lifestyle benefits they deliver,” Richard Jennison, president and CEO of the Manufactured Housing Institute, said.

Mobile homes are significantly cheaper than the average stick-built single family residence, averagely priced around $68,000 (compared to a $275,000 SFR) with equivalent interior finishes and often costing up to 20 percent less per square foot than single family residences! Retirees understand affordability is a major considerable factor.

Read the Full Article Here

Friday, October 14, 2016

Arizona Economy “As Good as it’s Gonna Get”

The Greater Phoenix Chamber of Commerce (GPCC) and Cox Communications held the Economic Outlook 2017 event on October 11 at the Waldorf-Astoria resort, Arizona Biltmore. Economists Jim Huntzinger, executive vice president and chief investment officer of BOK Financial, Andrew Walker, Economics Correspondent of BBC World Service and Elliot Pollack of Elliot D. Pollack & Co. appeared, all making statements of their assessments of the local, state, national and international economies.

For the last 8 years, the country has battled through the recession, seeing the unemployment rate as high as 10 percent! Now, as unemployment has stabilized around 5 percent, economists are noting this may be as good as it’s going to get.

One of Pollack’s major points was Arizona economic development: although there is overall improvement in multiple areas across the state, it still does not feel as if the economy is getting any better. He noted that this is because historically, as a state, Arizona has grown accustomed to extreme growth rates and that even though it may not feel like it, the economy is still rising slowly, but surely.

“This is as good as it’s going to get. Normally at this point in the recovery cycle, unemployment is at about 3.5 percent. Right now, here it’s in the high fives. This is the boom for this economy,” he said.

Pollack went on to mention growth can be expected in the hospitality, leisure, health care, professional business services, education and construction sectors, but his major concern lies with losing high-wage manufacturing jobs to lower-paying replacement jobs.

Want to read the full article?

Click Here

Wednesday, October 5, 2016

Manufactured Housing Demand Escalates

Many people today are seeking affordable housing, but still can’t produce the income to pay the rising apartment and single-family residence rental rates. Some residents are starting to look towards manufactured housing communities, quickly filling vacancies and, in some parts of the country, pushing local rents down!

For Texas, occupancy has not been affected by shifts in the energy sector, so rates have most likely improved for those seeking affordable housing. Solid apartment
markets on both coasts, in Florida and California, show similar demand for manufactured housing communities; however, the climates that are much warmer during the winter tend to draw “snowbirds” to 55-plus resort-style locations. Most of these markets record higher occupancy due to the seasonal residents, but that does not mean there is a large tenant deficit by any means; several retirees nationwide prefer the close-comfort living-style of the smaller and older communities over elsewise.

Demand for these 2-star and 3-star parks has definitely closed the vacancy gap up quite a bit, but manufactured housing communities have started to raise the rent to equalize the market.

Click Here to Read the Full Article

Wednesday, September 21, 2016

Commercial Market Trends in 5 Areas

Each year, several commercial real estate firms analyze market activity based upon their numbers and reports from the last 6 months as well as project estimates for the coming year. Experts in retail, industrial, multi-family, medical and office markets went through their reports from 2016’s first two quarters in Greater Phoenix; they found that although the general commercial real estate market is progressing at a steady pace, there are no identical or similar levels of activity in any of the sub-divisions.

Trends – Vacancy Down, Rent Rates Up, Net Absorption Down
Key Stat – Retail Vacancy in the Greater Phoenix Metro is 60 Basis Points Lower than One Year Ago
Outlook – Despite Setbacks, the Market is Trending Upward at a Modest Rate and Looks to Continue This Trend Throughout the Rest of the Year

Trends – Vacancy Flat, Rent Rates Up, Net Absorption Down
Key Stat – Net Absorption in Q2 is Down for the First Time in 12 quarters
Outlook – The Market is in Recovery, but Looks to Improve with a Strengthening Housing Market on the Horizon

Trends – Vacancy Up, Rent Rates Up, Transaction Activity Up
Key Stat – Rents Have Risen Over 8% Over the Course of the Last 12 Months
Outlook – More Improvement in the Multifamily Market with Vacancies Tightening and Rents Continuing to Shoot Upward

Trends – Vacancy Down, Rent Rates Up, Net Absorption Up
Key Stat – Vacancy Has Dropped 180 Basis Points Over the Last Year
Outlook – Expectations for Tenant Demand to Rise to its Highest Since a Decade Ago

Trends – Vacancy Up, Rent Rates Up, Net Absorption Up
Key Stat – Net Absorption Totals Have Surpassed 4.7 Million Square Feet Over the Last 12 Months
Outlook – The Market is Expected to Remain Healthy as Job Growth Continues to Rise

Want to read the full article? Click Here

Friday, September 16, 2016

61 Site Community Sold in Foley, Alabama

Riviera Park, a 61-site manufactured housing community in Foley, Alabama, recently sold for $1.7 million to a local investor. The property is located at 10340 South Juniper Street just southwest of the intersection of US-98 and Foley Beach Express across the street from Tanger Outlet Foley, a shopping-mall chain featuring a variety of brand-name and designer outlet stores.

The 9-acre mobile home park is also located near the Foley Sports Complex, being only 5 miles south of the complex.

Bellator Real Estate & Development’s Frank Malone represented the seller and Sarah Hofferber of Fairhope Realty Group represented the buyer.

Want to read the full article? Click Here

Monday, September 12, 2016

Scottsdale Retail Center Closed | New Owners Plan to Bring Restaurant to Prime Location

Northside Village III, a small retail center in Scottsdale, recently sold for $1.5 million under Orion Investment Real Estate brokers Judi Butterworth and Derek Buescher. The buyer, local group Mohawk Partners LLC, purchased the 8,532 square-foot property for $172.88 per foot with intent to bring a restaurant to the area in the near future! Because it is near other shopping centers close to Loop 101 and Frank Lloyd Wright Boulevard, this center is a high-traffic area, making it a prime Scottsdale location!

Butterworth and Buescher were quoted, “this property is located in North Scottsdale in the prestigious Scottsdale Airpark. This affluent trade area serves approximately 100,000 employees and is enjoying an influx of popular local restaurants.”

Want to read the full article? Click Here

Monday, August 22, 2016

Arizona GDP Blows Expectations Out of the Water!

The Bureau of Economic Analysis recently released a report recording all the states’ gross domestic product (GDP) growth for the quarter of 2016. Of the fifty states, three tied for first at 3.9%: Washington, Oregon and Arkansas. Colorado was fourth at 3% and fifth place was split between Arizona and Michigan at 2.6%.

Arizona’s GDP exceeded all expectations in place for the 2016 first quarter, leading the entire Southwest region in growth; as a whole, Arizona, New Mexico, Texas and Oklahoma have a 0.5% growth rate.

Want to read the full article?

Click Here

Friday, August 19, 2016

Section 8 Vouchers to Be Used to Buy Property, Not Just Pay Rent

As of late July, those who are supported by welfare are able to purchase manufactured homes using federal rent vouchers. Signed into law by President Obama, this bill allows low-income families to not only pay rent with their Department of Housing or Urban Development Section 8 vouchers, but to make mortgage and insurance payments on mobile homes, as well as pay property taxes.

Many see this as an incredible opportunity for low-income families to be able to own property, including senior vice president and chief lobbyist for the Manufactured Housing Institute Leslie Gooch: “the legislation is an important step in helping low-income families achieve home ownership.”

Click Here to read the full article

Wednesday, August 17, 2016

Mobile Home Owners Fight Redevelopment with Attorney General Support

The residents of St. Anthony Mobile Home Park are about to lose their homes! The owner of the park, Lowry Grove Partnership, decided to list the multi-family community for $6 million and specifically structured the transaction to deny the tenants their right to buy the property first; instead, The Village was to buy the property.

According to a Minnesota 1991 state law, the residents reserve their right to first refusal of the property beneath their homes before the landowner can decide to sell to a third-party. Obviously these requirements were not met.

Finally, on June 10, the residents were able to persuade an affordable housing nonprofit organization, Aeon Management, to match the $6 million offer on their behalf, but the property was sold the next business day. The buyer, The Village, plans to remove the 97 mobiles to renovate and redevelop the property; but maybe they shouldn’t be too quick to act.

Now suing both the buyer and seller, the residents of St. Anthony Mobile Home Park have asked a judge to undo the deal and let them buy the property with the help of Aeon Management. Minnesota Attorney General Lori Swanson has taken the case and the side of the tenants!

Click Here to read more

Friday, August 12, 2016

What is a 1031 Exchange?

In the world of real estate, a 1031 Exchange is not an uncommon ordeal, but still many do not know what it is exactly. The term “1031” comes from the Internal Revenue Code (IRC) 1031 (26 U.S.C. § 1031) which allows for the deferral of capital gains when buying and selling like kinds of property. What this means is when one person sells a type of property (e.g. apartment complex) and then buys a similar piece of property (e.g. hotel building), the payment of taxes on the gain from the sale of the first property is delayed. The catch is that the second property must be of equal or greater price than the first. Also, both pieces of real estate, the one bought and the one sold, must be held for reasons of investment, production of income or for use in one’s business; residential real estate is non-applicable.

The primary reason many investors decide to go along with a 1031 Exchange is to not get stuck with a large tax bill; the only objective of the investor is to upgrade the real estate while simultaneously not paying all of the profits from the sale immediately. A general example is an expanding business who sells their current office building to move into a larger office that accommodates their growth. As long as the second office is of the same value or greater, the building owner can delay tax payments on any gains from the sale of the old building by following the rules of the 1031 Exchange.

There are other requirements of the 1031 Exchange as well, including a 45-day and a 180-day time limit (could be shorter depending on the tax return due date) and the use of a Qualified Intermediary to hold profits from the sale.  Within 45 days of the sale of the first property, the owner must identify all properties that he/she has intentions to buy in writing and sign the document.  That document must either be given to the sellers of the new property or the Qualified Intermediary (within that 45-day period); if a third party is given the document (e.g. the investor’s attorney or real estate agent), the 1031 Exchange becomes void and the capital gains from the sale of the first property sale are immediately available for taxation.

The second property must be purchased within 180 days of closing the first (including extensions) or by the tax return due date for the period that covers the sale of the property, whichever is earlier. Extensions aren’t available for either time limit and missing any of the timeframes specified results in the 1031 Exchange becoming void.

In the end, a 1031 Exchange is an effective way to trade real estate without getting hit with capital gains taxes.

Click Here to read the full article

Tuesday, August 9, 2016

Murex Properties Adds Another Manufactured Housing Community to Nationwide Portfolio

The well-known Murex Properties from Fort Myers, Florida has made a new acquisition to their real estate portfolio: a 278-site manufactured housing community in Haines City, Florida.  The 55-plus community, Heartland Estates, was sold for $12,525,000 and was purchased through an exclusive association with Northwestern Mutual. Burrowed up on a ridge and overlooking Lake Hester, the property is located about one-half mile west of US-27 in central Florida.

Murex Properties owns and manages several premier manufactured housing communities throughout the nation with Heartland Estates being the fifth to be purchased in association with the $203.5 billion, AAA-rated company Northwestern Mutual Life Insurance.

According to Murex Properties President Steve Adler, “Heartland Estates provides its    residents an outstanding active-retirement lifestyle, and is a good fit with our corporate culture which counts the satisfaction of our residents as a measure of success. It is one of Florida's premier communities with a well landscaped, low-density setting that allows for large lots."

Because of its amenity-rich foundation, Heartland Estates furnishes a beneficial-culture with a 5,000-square-foot clubhouse, with a verandah overlooking both the heated swimming pool and the lake.  The clubhouse and amenities include a ballroom, fitness center, kitchen, library, billiards, shuffleboard courts and horseshoes.

Friday, August 5, 2016

Study Shows $167M Economic Contribution from Barrett-Jackson

Every January, Barrett-Jackson Auction Co. holds one of the world’s largest collector-car auctions in Phoenix’s Scottsdale. According to a study that was released Tuesday, more than $167 million will flow back into the economy, including $10 million in tax revenue!

Elliot D. Pollack & Co., a consulting firm in Scottsdale, was nominated by both the city and Barret-Jackson to calculate the economic-impact analysis for the auction; costing approximately $9,500, the report was the first of its kind in more than a decade.

Several tourists from all 50 states and at least 15 countries showed up at the weeklong auction from January 23-31 spending $70 million on local hotels and restaurants. An additional $61 million was roundup up at the auction itself, summing to a total economic impact of $131 million!

The Pollack Study also included Barrett-Jackson’s annual operational income (only at its Scottsdale Headquarters) which incorporates the construction of a 41,000 square-foot showroom in the Valley for non-auction sales.

All-inclusive, Barrett-Jackson Auction Co., according to the study conducted by Elliot D. Pollack & Co., is responsible for more than 1,400 jobs in tourism, construction and operations as well as supplying an economic impact of $167.8 million in 2016.

Click Here to read the full article

Tuesday, August 2, 2016

New Home Sales at the Best Level Since February 2008

June proved to be the month where America broke its housing market low-streak; homes were sold at the fastest rate since the market crash 8 years ago, insinuating stability from a solid job market and low mortgage rates. As of Tuesday, the new home sales rate rose to 592,000, 3.5% over the last month: an all-time high since February 2008 according to the Commerce Department. Regardless of the wavering sales on a month-to-month basis, new home purchases have risen 10.1% year-to-date!

Residential real estate is supported by the robust job market and low mortgage rates, continuing to revive from the hard hits of the last decade. Because of the high demand and lower supply of homes, prices are rising, leading to indicators that the overall economic growth could upturn from the housing market!

Clink Here to read the full article!

Wednesday, July 27, 2016

Are You Swept Up in the Pokémon Craze?

It’s been 20 days since the hottest game on the market has been released: Pokémon Go. It wasn’t long after this game was ranked as the first mass-consumption nostalgia product for millennials; in fact, one headline reported that a week after the release date, there were 15 million downloads between Apple’s App Store and Google Play!

Regardless, there are still many who are unfavorable of the cultural phenomenon. Several articles have been released condescending millennials for getting swept up in the craze, but even more have been released foretelling the advantages to Nintendo’s new experiment. It seems businesses could profit from the game’s popularity; by using some of the built-in tools, one could potentially draw the masses to one location and keep them there. Here are 5 ideas to catch em all!

Click Here to read the full article

Thursday, July 21, 2016

MHI Members Nominated for Induction into the RV/MH Hall of Fame

Five members of the MHI (Manufactured Housing Institute) have recently been invited to join the RV/MH Hall of Fame in Elkhart, Indiana this August 1st. The board of directors of the RV/MH Heritage Foundation is hosting the event; President Darryl Searer, after announcing the names, further impressed the importance of the title, implying these men are industry leaders, pioneers and innovators who have made an impact on the manufactured housing industry.

The names are:

Ross Kinzler of Wisconsin Housing Alliance

James (Jim) Miller of Style Crest, Inc.

Joseph H. Stegmayer of Cavco Industries, Inc.

Robert (Bob) Edward Richardson of Richardson Homes Corp.

Roland Sahm (deceased) who founded Elixir Industries

Only three of the men nominated are, or have been, active members of MHI: Ross Kinzler, Jim Miller and Joe Stegmayer. 

If you would like to read the full article from Manufactured Housing Institute, Click Here

Wednesday, July 13, 2016

Park-Owners in Palo Alto Ordered to Compensate Tenants for Relocation Costs

This article is a summary of the San Francisco Chronicle’s article titled “Palo Alto trailer court owners lose battle over relocation costs.” If you would like to read the full article, select the hyperlink at the bottom of this page.

Tim and Eva Jisser are the current owners of Buena Vista Mobile Home Park in Palo Alto, California and have been since 1986. The manufactured community retains 117 trailer units and is set on a 4 ½ acre lot. Although they applied to close the park in November 2012, hoping to sell the property to a potential investor, they are still battling to have their plans to come to life.

Because California law allows local governments to require mobile home park owners to protect residents from shutdown effects, the Jissers have been ordered to compensate each tenant for relocation costs; whether the residents want move their trailer to a separate location or pay a higher rent elsewhere in the city is irrelevant.

After the Jissers’ applied to close Buena Vista in 2012, Palo Alto and Santa Clara County jointly agreed to keep the community open with intent to acquire the property by any means, pledging $29 million between the two to purchase it. In September 2014, Palo Alto city officials held a hearing to discuss the sale, as Buena Vista is the only mobile home park in the city, and granted the Jissers permission, given they compensate residents for the value of their home, the moving costs and the difference between their trailer rent and the average apartment rent in the city and surrounding suburbs.

The expenditures were added and found to be approximately $20,000 per tenant, or $8 million all together.

Tim and Eva filed suit in federal court in November arguing that the city-ordered payments were unconstitutional, that they amounted to an unconstitutional confiscation of their property. But because of a technicality, a federal judge ruled for the trailer court owners to move forward with the city’s verdict.

According to U.S. District Judge Edward Davila, federal court doctrine calls for property owners to first turn to state courts before filing under the federal system and only after the state courts fail to resolve the issue can the owners take their constitutional claims to federal court.

With that, the Jissers filed an appeal later that day.

To read the full article, Click Here

Thursday, July 7, 2016

Top 10 States Projected For Employment Growth

Every year, The Kiplinger Letter is released to direct jobseekers and entrepreneurs to the most predicted prosperous states in which they could thrive easier. The following article is a summary of the original Kiplinger Letter; below is the link to the original blog as well.
Exceeding the national average employment growth rate of 1.8%, these ten states are predicted to be the most likely to see the fastest employment gains this year. Ranging rates between 2.7% and 3.5% prove just how effective the next 12 months could be for these states and their economic development. Although their growth rate could be slower, the larger states with higher populations will most likely see the highest numbers of new jobs, but even still, three large states are among these ten as well as the five with the biggest gains: California, Florida and Georgia.
     1.       Idaho
Representing a population of 1,655,000, Idaho is supposed to increase their job growth by 0.6% this year, reaching an impressive 3.5% for 2016 job growth! The state has plans in line to add 23,580 jobs, exceeding their 2015 mark by over 4,000! Idaho has been involved with several tech and aerospace industries as well as military bases that have been boosting spending in surrounding areas. Furthermore, more and more residents are drawn to the Gem State as well as several companies; in fact, many have started to expand here! Cradlepoint, a wireless data company, is developing rapidly in Boise, agricultural firm J.R. Simplot is hiring 600 for a new processing plant in Kuna, Micron Technology, a semiconductor manufacturer, has 200 job openings for its plant expansion planned to finish in early 2017 and Chobani is expanding its plant in Twin Falls! Additionally, multiple separate companies have development plans in Idaho.
     2.       Arizona
With an increase of 0.6% in job growth, Arizona caps their predicted 2016 job growth rate at 3.2%, estimating an approximate 84,380 new jobs this year! The unemployment rate at year-end 2015 was 5.9%, meaning the Grand Canyon State can expect a 0.4% drop by year-end 2016. The housing and construction markets have finally turned around in the sunny state, drawing many people to the cities with the states low taxes and cost of living. Home Depot will add 800 jobs at an online customer support center in Tempe, Northern Trust Corp. has plans to hire 1,000 new employees by 2018, Banner Health is building a $400 million hospital expansion in Tucson, and in Phoenix, an additional 1,600 jobs are expected to come through at the hands of Farmers Insurance and Cenlar.
     3.       Utah
Although Utah’s unemployment rate is to rise 0.3% throughout the year to a projected 3.4%, the state is prepared to add 42,720 jobs, creating the 2016 job growth rate of 3.1%! Entrata, a property management software developer, is investing $6 million to create 191 jobs over the 1,400 it now has while finance company SoFi is expected to add 400 jobs over the course of the next few years.
     4.       Oregon
Due to its lower prices than the bigger cities in the region, Portland proves to be an attractive location for tech companies; in fact, New Relic recently moved more than 200 jobs from Seattle to Portland! Overall as a state, Oregon has a projected job growth of 3.0% this year, lower than 2015’s 3.3%, but still bringing 53,360 new jobs to the Beaver State! Under Armour has decided to relocate its footwear design department from Baltimore to Portland in attempt to use Oregon’s skilled workers as Nike, Adidas and Columbia Sportswear have.
     5.       Florida
Boasting the large population of 20,271,000, Florida has a 2016 projected job growth rate of 3.0%, adding 242,870 jobs this year! The state’s unemployment rate is to drop another 0.2% to 4.9%, lower than the national average of 5.4%. In Orlando, multiple health-care projects are sprouting including a new cancer care center that is supposed to create 500 construction jobs as well as 200 permanent jobs, assumedly in the medical field; approximately $100 million have been invested into this project. Moreover, Citibank has transferred 150 jobs from Hartford to Tampa and medical device company Arthrex is to add 350 jobs in Ave Maria.
     6.       Georgia
Georgia has a predicted 3.0% job growth this year, expecting to add 128,030 jobs! Most of this is due to the need for employees in the distribution center industry; in fact, more than 1,200 jobs are expected to arise through HD Supply, Dollar General, Papa Johns, Polymer Logistics and Shorr Packaging! Furthermore, Equifax, the credit bureau, is adding 650 in midtown Atlanta while the software developer, Keysight, is to add 200 developers to the capital as well.
     7.       Washington
Planning to add 88,320 more jobs in 2016, Washington’s rate for job growth is set at 2.8%. Because of Boeing’s workforce reduction to cut costs, the tech industry is to “step it up a notch” by contributing thousands of jobs to even the year out, especially in Seattle. Amazon, over the last two years, has added 15,000 jobs to the region! In addition, Facebook has doubled its Seattle workforce to 1,000 and Starbucks plans to add 100 positions to its tech department.
     8.       Tennessee
Increasing its job growth by 0.3% to 2.8%, Tennessee is projected to add another 80,980 jobs this year, primarily through the automotive industry. General Motors will require 800 new positions to carry through its planned expansion and Hankook Tire will add 2,000 jobs to the state, 200 to its new headquarters in Nashville and 1,800 at its new factory in Clarksville. Volkswagen, additionally, plans to develop its facilities in Chattanooga, despite the recent Volkswagen emissions scandal, which should add 2,000 jobs in the next year. Several other corporations have decided to relocate headquarters to The Volunteer State or expand factories, including Bridgestone, HCA Holdings, Regal Entertainment, TeamHealth and TAG Manufacturing.
     9.       Colorado
Although it may seem as if Colorado is slowing down this year from last, The Centennial State is still extremely productive! Only dropping 0.4% in job growth this year, Colorado is expected to produce 68,630 jobs at a 2.7% growth rate.  Several companies are expanding in the popular Denver area, including Fidelity Investments, Gusto, DaVita and Lockheed Martin Space Systems.
     10.   California
Last, but certainly not least, the land of 40 million people: California. Because Silicon Valley (the headquarters of Google and Facebook) still attracts many IT companies, including those of world class, LeEco, a Chinese firm, has decided to open a North American headquarters in San Jose. Amazon is adding two new distribution centers in Tracy and Eastvale, creating 1,500 jobs! Finally, the major economic push in this year’s California industry is seen in the health care firms projected to create 60,000 jobs! Overall, the state has a 2.7% job growth rate and 433,400 projected jobs for 2016!

Click Here to read more

Tuesday, July 5, 2016

Recently Closed Manufactured Housing Community in Michigan

PCG National Manufactured Housing Group recently Closed Maplewood Estates in Grand Rapids Michigan. This sale was a 115 Unit Manufactured Housing Community, this all- age community closed at a sales price of $4,200,000. The property is a stabilized community with Swimming pool and was closed at a 10.2% CAP Rate.

Wednesday, June 22, 2016

Economic Boom in Birmingham!

It's no secret that Alabama's Birmingham has improved its economy over the last decade or that it is proving its existence as one of the largest economic powerhouses in the southeast. What one might not know is for the last five years, Birmingham has increased new and expanding business announcements and jobs by 30%! From 2001-2010, the average growth for new jobs annually was 1,875; from 2011-2015, the growth rate was expanded to 2,890! The city did not achieve these results easily, however. Subsidizing heavily in technology and entrepreneurship was the key; in fact, the average annual investment amount for the largest city of Alabama is $569 million!

The hungry city is nowhere close to slowing down, though. As it used Blueprint Birmingham from 2011-2015 to reach its current point of success, the Birmingham Business Alliance (BBA) has drafted another plan to continue striving for ultimate perfection: Blueprint 2020. The optimal goal of Blueprint 2020 is to guide the BBA's work into economic development to increase jobs and capital investment through workforce development and support programs. Overall, the BBA plans to market the region to the world in attempt to compete on a global scale.

As the 11th largest banking center nationwide and 2nd in the South, Birmingham has already put itself on the map serving as a home to Regions Financial Corporation, BBVA Compass and SouthTrust, as well as dozens of other smaller banks. As of 2015, the Financial Activities sector in Birmingham employed nearly 43,000! Since 2011, Birmingham has launched almost 20 new or expanding back-office and data center operations, creating more than 2,700 jobs and $60 million in capital investment!

Still, banking is only the "tip of the iceberg" when it comes to economic involvement. The city first gained a leading position through the steel industry and continues to harvest through that market, through American Cast Iron Pipe Company (ACIPCO), McWane, CMC Steel, U.S. Steel, Nucor, and several other large steelmakers! Moreover, those local steel companies have, in recent years, announced approximately $100 million worth of investments in new plants and other expansions.

During the 1970's and 1980's, Birmingham made the crucial decision to invest heavily into bio-technology and medical research at its own University of Alabama at Birmingham (UAB). Needless to say, that was very perceptive because UAB is now the area's largest employer and second largest in Alabama with a workforce of about 23,000.

Birmingham is also a powerhouse of construction and engineering companies, headquartering several corporations routinely included in the Engineering News-Record lists of top design and international construction firms, including Robins & Morton, BE&K, Brasfield & Gorrie and B.L. Harbert International. Even still, more and more companies are headquartered in the Magic City and continue to prosper even more each year.

Many tributes are awarded to Birmingham every year. Some of which include "one of six cities where millennials can afford to pay rent", "the #1 city for millennial entrepreneurs", "one of the best cities to find a start-up job" and "one of 11 next great destinations in 2016". It's no secret that Birmingham is a diamond in the rough, proving its worth again and again as a land flowing with milk and honey.

Thursday, May 5, 2016

First Things First: What to Prepare for when Acquiring a Manufactured Home Park

There are many aspects to the acquisition of a Manufactured Home Park. The series published by Lexology, written by HopgoodGanim's Anthony Pitt and Janelle Metcalf, walks one through what should be addressed and thought about before and during the process of acquisition.

Click Here to read more

Or Here!

Friday, March 25, 2016

PCG - The People behind the Brokerage

It’s Good Friday. Not just the Holiday, it’s just good, in general. As a matter of fact, it’s FANTASTIC! With this post, PCG National Manufactured Housing Group is launching our new Blog. This blog is here to provide any and all information that anyone involved in Manufactured Housing Communities, Manufactured Housing Brokerages, Manufactured Housing Investments or anyone simply having an interest in the Manufactured Housing Market statistics. We’re here for you! If it hasn’t been made clear, we specialize in Manufactured Housing Brokerage and only that… for now.

Our CEO, Pete B. Peterson, has been in been in Real Estate for over 20 years! He has experience as not only the Broker, but also as the Client. He has owned about a dozen parks in his time and because of a horrible experience with a Broker he had worked with in the purchase of one of his parks, he decided to do it himself. He strives for nothing less than excellence for his clients, because he would want nothing less for himself. He is the man behind the name, a growing name already known in our World.

Our Team consists of 9 Aces, apart from the Mastermind, himself.

Our front line: Jim Murillo, Scott Simonsen, Wes Peterson and Matt Gotkowski are the first voices that 99% of our new client base hears. They are specialized in key geographic areas of the United States and work on the very first step of any deal.

Once we get all the information that we need to market your park from our front line, we then have our whiz marketing team, Kyle Kopinski and Jordan Glenn, create customized park flyers and marketing packages. We, then, blast out the information to our client base of thousands of Manufactured Housing Investors. Always taking care with Client Confidentiality and Real Estate law, before any information can be viewed, we use the latest software to make sure your information doesn't get into the wrong hands.

Richard Spreiser and Marc Luety, both of whom are what we call “Our Deal-Makers”, are the guys who piece the deal together. They know 95% of our Investor base, professionally, and a good amount of them personally. As soon as they get your Mobile Home Park’s information, they can list off at least 5 different Investors that would be perfect to buy your park, off the top of their heads! What other established National Brokerage can do that? Not many, if any at all.

Once the deal is started, our Transaction Coordinator, Shelby Montano, is the one behind drafting, sending and receiving all transaction documents to and from all parties involved. She, also, is constantly working with Pete on our Business Model and Business Development.

We are always aiming to raise our standards, because we know our client base only deserves the best; something better always comes along, so we have to continue bettering ourselves to continue being the best.