Minneapolis Mortgages – Himspairport http://himspairport.com/ Fri, 11 Jun 2021 17:52:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://himspairport.com/wp-content/uploads/2021/05/default.png Minneapolis Mortgages – Himspairport http://himspairport.com/ 32 32 IHP Capital Partners and Värde Partners acquire the remainder of the planned community of Vistancia in Peoria, Arizona. https://himspairport.com/ihp-capital-partners-and-varde-partners-acquire-the-remainder-of-the-planned-community-of-vistancia-in-peoria-arizona/ https://himspairport.com/ihp-capital-partners-and-varde-partners-acquire-the-remainder-of-the-planned-community-of-vistancia-in-peoria-arizona/#respond Thu, 10 Jun 2021 14:03:29 +0000 https://himspairport.com/ihp-capital-partners-and-varde-partners-acquire-the-remainder-of-the-planned-community-of-vistancia-in-peoria-arizona/ Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Companies Form Joint Venture to Complete Award-Winning Master Plan Development in Metro Phoenix NEWPORT BEACH, Calif. And PEORIA, Ariz .– (BUSINESS WIRE) – IHP Capital Partners, one of the nation’s leading real estate investment firms, and Värde Partners, a leading global alternative investment […]]]>



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Companies Form Joint Venture to Complete Award-Winning Master Plan Development in Metro Phoenix

NEWPORT BEACH, Calif. And PEORIA, Ariz .– (BUSINESS WIRE) – IHP Capital Partners, one of the nation’s leading real estate investment firms, and Värde Partners, a leading global alternative investment firm, announced today hui formed a joint venture (JV) to acquire the remaining 3,721 acres of land for development within Vistancia, a mature planned 7,100 acre community in Peoria, Arizona. The transaction includes the 3,300 residential housing units authorized in the Northpointe community in Vistancia and 370 acres of mixed-use commercial development.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210610005174/en/

IHP Capital Partners and Värde Partners plan to deliver 520 single-family lots at Northpointe in Vistancia to home builders in 2021. (Photo: Business Wire)

Construction at Northpointe in Vistancia has already started, with the first phase of 437 lot improvements completed, and the community’s 10-acre amenity site and 5,300-square-foot recreation center, The Sovita Club, is expected to be completed. completed in the fall of 2021. The JV intends to deliver 520 single-family residential lots in Northpointe in Vistancia to home builders later this year, with lot sizes ranging from 5,175 to 7,200 square feet. Future phases of development are in the initial planning stages.

“One of the fastest growing metropolitan areas in the United States, the Phoenix area continues to attract new residents from across the country who are drawn to its warm climate and affordable, high quality of life,” said Richard Whiteley, co-president and chief operating officer. manager at IHP Capital Partners. “Vistancia is a well thought out master plan with top notch amenities in a spacious natural setting. It represents an exceptional opportunity to invest in the region and to leverage the experience and expertise of IHP and Värde to provide much needed building land for home builders.

“Värde is delighted to partner with IHP for the second time this year to invest in such a well-located and highly sought-after planned community,” said Brendan Bosman, Managing Director of Värde Partners. “This agreement reflects our strategy to increase Värde’s presence in the US residential market, meeting accelerated demand from third-party builders and meeting the needs of buyers seeking lifestyle communities with ample living space. ”

Vistancia is located in the metropolitan area of ​​Peoria, northwest of Phoenix. About 35 miles from downtown Phoenix, it lies west of Highway 303, accessible via W. Lone Mountain Parkway. Equipped with a multitude of equipment, the master plan is automatically for 10,500 housing units in total, of which approximately 7,200 have already been sold to buyers. Approximately 17,000 residents live in the first three communities in the master plan, Blackstone, Trilogy and The Village.

Northpointe is the fourth and last community in Vistancia. Located in the foothills of the Sonoran Desert, it is located at the northernmost point of the master plan. It lies between the landforms of White Peak and Twin Buttes, at a slightly higher elevation than the other communities of Vistancia. Designed around the surrounding natural landscape and the unique topography of the hills, Northpointe on Vistancia hospitality sites offers panoramic views and access to numerous outdoor recreation opportunities.

Northpointe’s facilities in Vistancia are expected to include private resort-style recreation centers with swimming pools, community parks, a K-8 elementary school, and a 1,100-acre mountain reserve with hiking and walking trails.

The rights for the 370-acre mixed-use commercial development are flexible to include a wide range of commercial / employment uses such as healthcare, retail, education and residential.

Land Resources, Inc., a full-service property development and management company, whose officers have led the development and management of Vistancia since 2004, will continue work on the project.

In the first quarter of 2021, IHP and Värde formed a joint venture to acquire the remaining 2,770 lots within Sunfield, a seasoned master plan community with a total of 6,550 units. Sunfield is located near Austin, Texas, another rapidly growing suburb where there is a high demand for spacious and affordable homes.

About IHP Capital Partners

Founded in 1992, IHP Capital Partners is one of the country’s leading real estate investment companies. The company is easing the path to success for its investors and development partners by providing equity capital for residential projects across the country, with a focus on the western United States. A trusted tactical and fiduciary partner for nearly 30 years, IHP’s track record is built on experience, expertise and sustained long-term partnerships with well-known institutional investors and a wide range of the most notable builders and developers. Of the industry. For more information, visit IHPInc.com.

About Värde Partners

Värde Partners is a leading global alternative investment firm with roots in credit and struggling. Founded in 1993, the company has invested $ 80 billion since its inception and manages $ 15 billion on behalf of global investors. The company’s investments cover corporate and negotiated credit, real estate and mortgages, private equity and direct loans. Värde employs over 300 professionals worldwide with offices in Minneapolis, New York, London, Singapore and other cities in Asia and Europe. For more information, please visit www.varde.com.

About Land Resources Inc.

Founded in 2014, Land Resources Inc. is a full-service property development and management company specializing in creating strategic vision and maximizing the value of real estate assets. The company is made up of a permanent team of real estate experts who have successfully developed and managed over 30,000 acres of land in the Southwestern United States. LRI provides expertise at all stages of the acquisition, development and sale of land for residential, commercial, mixed-use projects planned using commercial and light industrial properties. The LRI team is best known for their close relationships with industry, creativity and collaborative approach to partnerships, and have been instrumental in the vision, development and management of the award-winning community of Vistancia in Arizona since 2004. For more information, visit landresourcesinc.com.

Nicole deermont

949-274-3855

nicoledeermount@gmail.com

Source: IHP Capital Partners



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Small sites still at risk because COVID species do not arrive https://himspairport.com/small-sites-still-at-risk-because-covid-species-do-not-arrive/ https://himspairport.com/small-sites-still-at-risk-because-covid-species-do-not-arrive/#respond Thu, 10 Jun 2021 14:01:44 +0000 https://himspairport.com/small-sites-still-at-risk-because-covid-species-do-not-arrive/ A representative of the organization formed to save small theaters amid the coronavirus pandemic said “not a single penny” of government support had reached struggling business owners until last month. Most were still waiting for the emergency funds they had already been promised. Save Our Stages legislation was passed in December, guaranteeing $ 15 billion […]]]>


A representative of the organization formed to save small theaters amid the coronavirus pandemic said “not a single penny” of government support had reached struggling business owners until last month. Most were still waiting for the emergency funds they had already been promised.

Save Our Stages legislation was passed in December, guaranteeing $ 15 billion to help keep local businesses operating during a time when they couldn’t operate. But in a new interview with NME, Audrey Fix Schaefer of the National Independent Venue Association said very little money has gotten where it’s needed. As a result, she claimed, 90 percent of small theaters in the United States remained struggling.

“We are all without any income since March 2020,” Schaefer said. “The bills keep piling up, eviction notices are coming faster, people are feeling incredibly stressed and demoralized. … We can’t reopen until we have this money. We can’t get our employees back or put deposits on the tapes. There are places that are not allowed to reopen because their owners will not allow them until they have paid their retroactive rent – which is fair. It is the survival of businesses as difficult in 2021 as it was in 2020. “

She added that “right now, independent sites are starting from a difficult position because they don’t have the resources of shareholder money or massive Wall Street lines of credit.… They’ve spent all their money. So many of them have taken out a second mortgage on their home, depleted their retirement funds, or taken money from their children’s college funds. They are doing all they can to hold out, but they didn’t think they would have to go through those hoops because the money was promised five months ago.

The Small Business Administration shut down its request mechanism five hours after its launch, citing technical difficulties. It reopened three weeks later and more than 11,000 companies filed applications – but Schaefer said “not a single penny has been released” until May and most applicants are still waiting.

“It’s not just the site that is affected by the closure, it’s everything around us,” she explained. A Chicago study showed that for every dollar spent at a site, there was $ 12 in activity at neighboring sites. Music is a big part of tourism. If a venue breaks down, there will be an effect. domino. “

Haunted Rock Venues: The Stories of 21 Spooky Clubs and Arenas

If you believe the legends, some places have paranormal visitors that are not reflected in the capacity stats.



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Colliers Mortgage completes Fannie Mae refinance loan for 142-unit Villa Gardens apartment community in Farmers Branch, Texas https://himspairport.com/colliers-mortgage-completes-fannie-mae-refinance-loan-for-142-unit-villa-gardens-apartment-community-in-farmers-branch-texas/ https://himspairport.com/colliers-mortgage-completes-fannie-mae-refinance-loan-for-142-unit-villa-gardens-apartment-community-in-farmers-branch-texas/#respond Tue, 08 Jun 2021 09:42:04 +0000 https://himspairport.com/colliers-mortgage-completes-fannie-mae-refinance-loan-for-142-unit-villa-gardens-apartment-community-in-farmers-branch-texas/ MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a Fannie Mae loan to refinance Villa Gardens, a 142 unit multi-family property at market rate located in Farmers Branch, Texas. The property was built in 1969 and renovated in 2018-2020 with the 142 units spread across […]]]>


MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a Fannie Mae loan to refinance Villa Gardens, a 142 unit multi-family property at market rate located in Farmers Branch, Texas.

The property was built in 1969 and renovated in 2018-2020 with the 142 units spread across 16 two-story apartment buildings.

The 10-year / 30-year amortization Fannie Mae loan was arranged through a partnership with Old Capital Lending for the borrower, 2730 Villa Gardens LLC.

About Mortgage Collars: Colliers Mortgage, part of Colliers International, is a national full-service mortgage bank, FHA MAP and LEAN approved lender and Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in accessing loan programs for federal agencies for the acquisition, refinancing, construction or rehabilitation of a multitude of types of properties. Colliers Mortgage also holds the USDA Lender / Partner designation under the Secured Loans for Community Facilities program. Additionally, as Ginnie Mae’s Authorized Seller / Repairer, they service their mortgages and currently manage over $ 10.0 billion in loans.

About the Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management firm. Present in 67 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupants, owners and real estate investors. For more than 25 years, our experienced leadership with significant insider participation has generated annual compound returns of almost 20% for shareholders. With annualized revenues of $ 3.0 billion ($ 3.3 billion including affiliates) and $ 40 billion in assets under management, we are maximizing real estate potential and accelerating the success of our clients. and our employees. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.



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QDOBA Mexican Eats Appoints Jim Sullivan as Director of Development https://himspairport.com/qdoba-mexican-eats-appoints-jim-sullivan-as-director-of-development/ https://himspairport.com/qdoba-mexican-eats-appoints-jim-sullivan-as-director-of-development/#respond Mon, 07 Jun 2021 12:00:00 +0000 https://himspairport.com/qdoba-mexican-eats-appoints-jim-sullivan-as-director-of-development/ Former CKE Restaurant Holdings Executive to Strengthen Leadership of First Fast Food Restaurant Chain and Help Drive Future Growth and Expansion SAN DIEGO, June 7, 2021 / PRNewswire / – QDOBA, The Company Voted Best Fast & Casual Mexican Restaurant Chain in 2019, 2020 and 2021 by United States Today 10Best, today announced the appointment […]]]>


Former CKE Restaurant Holdings Executive to Strengthen Leadership of First Fast Food Restaurant Chain and Help Drive Future Growth and Expansion

SAN DIEGO, June 7, 2021 / PRNewswire / – QDOBA, The Company Voted Best Fast & Casual Mexican Restaurant Chain in 2019, 2020 and 2021 by United States Today 10Best, today announced the appointment of Jim sullivan, a seasoned executive in the restaurant industry with over 25 years of experience in real estate, franchise development and site acquisition management, to Director of Development. In his new role, Sullivan will lead all restaurant development activities including market planning, site selection, real estate negotiations, franchise sales and more to support the company’s aggressive growth plan.

Head of Jim Sullovan

“Jim brings a unique perspective and a strong leadership approach, supported by a proven track record of successfully accelerating franchise growth for some of the nation’s leading restaurant concepts,” said Keith guilbault, CEO of QDOBA. “His expertise and years of experience in growing brands similar to ours in size and scale will be of great use to us in connecting with new franchise partners, expanding our presence nationwide and reaching new heights in as a business. “

Sullivan’s accomplishments span 25 years and several major restaurant brands. Prior to joining QDOBA, Sullivan held senior positions at CKE Restaurant Holdings, parent company of Carl’s Jr, Hardee’s, Green Burrito and Red Burrito Concepts, including Executive Vice President of National Development and most recently Director of Development. There Sullivan was responsible for all home development, real estate and construction activities such as design, restaurant maintenance, real estate, market planning, asset management, franchise sales strategies. , compliance and more. Prior to that, he held a number of leadership roles including Director of Development for Friendly’s Ice Cream Corporation and was Director of Franchise Sales, Marketing and Real Estate at American Hospitality Concepts. Sullivan received his Bachelor of Science in Sports Management from the University of Massachusetts, Amherst and a Mini MBA from University of St. Thomas in Minneapolis, Minnesota.

“As a fan of the company, I am delighted to join QDOBA at such a crucial time in its next phase of expansion,” adds Sullivan. “In my new role, I will focus on entering new markets and strengthening our brand presence in existing markets.”

Sullivan will be part of the company’s management team. For more information on QDOBA, visit www.QDOBA.com.

About QDOBA Mexican Eats
QDOBA is a fast-paced, casual Mexican restaurant with over 740 locations in the United States and Canada. Committed to bringing flavor to people’s lives, QDOBA uses ingredients prepared on site, by hand and fresh throughout the day, to create delicious menu options. Customers can experience the delicious flavors of QDOBA by savoring one of its signature menu options designed by a chef for convenience and ease or by customizing their burritos, bowls, tacos, quesadillas, nachos and salads to their personal taste. . For three consecutive years, QDOBA has been voted “Best Fast Casual Restaurant” within the framework of the USA today Top 10 Readers’ Choice Prizes. Find out more on www.QDOBA.com or on the QDOBA app, downloadable from iTunes App Store or Google Play. Fans can also connect with QDOBA on Facebook, Twitter and Instagram.

QDOBA Logo (PRNewsfoto / QDOBA Mexican Eats)

QDOBA Logo (PRNewsfoto / QDOBA Mexican Eats)

Cision

Cision

View original content to download multimedia: http://www.prnewswire.com/news-releases/qdoba-mexican-eats-appoints-jim-sullivan-to-chief-development-officer-301306525.html

SOURCE QDOBA





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Colliers Mortgage completes $ 6.6 million financing for Fannie Mae’s acquisition of Mahtomedi Flats apartment building in Mahtomedi, Minnesota https://himspairport.com/colliers-mortgage-completes-6-6-million-financing-for-fannie-maes-acquisition-of-mahtomedi-flats-apartment-building-in-mahtomedi-minnesota/ https://himspairport.com/colliers-mortgage-completes-6-6-million-financing-for-fannie-maes-acquisition-of-mahtomedi-flats-apartment-building-in-mahtomedi-minnesota/#respond Mon, 07 Jun 2021 09:54:01 +0000 https://himspairport.com/colliers-mortgage-completes-6-6-million-financing-for-fannie-maes-acquisition-of-mahtomedi-flats-apartment-building-in-mahtomedi-minnesota/ MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a $ 6.6 million Fannie Mae loan to finance the acquisition of Mahtomedi Flats, a 36-unit lease at market rate in a common multi-family property located in Mahtomedi, Minnesota. The pet friendly property was built in 2018 […]]]>


MINNEAPOLIS, MN – The Minneapolis office of Colliers Mortgage, part of Colliers International | US, recently entered into a $ 6.6 million Fannie Mae loan to finance the acquisition of Mahtomedi Flats, a 36-unit lease at market rate in a common multi-family property located in Mahtomedi, Minnesota.

The pet friendly property was built in 2018 and is located in a three story building with private entrances, off street parking, community hall, fitness center, barbecues, controlled access and additional storage space.

The 12-year / 30-year amortization Fannie Mae loan has been arranged for the borrowers, Victoria Properties Group, LLC; Wash N Fill Minnesota Properties, LLC; Wash N Fill property Champlin, LLC; and Wash N Fill Property New Brighton, LLC.

About Mortgage Collars: Colliers Mortgage, part of Colliers International, is a national full-service mortgage bank, FHA MAP and LEAN approved lender and Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, specializing in accessing loan programs for federal agencies for the acquisition, refinancing, construction or rehabilitation of a multitude of types of properties. Colliers Mortgage also holds the USDA Lender / Partner designation under the Secured Loans for Community Facilities program. Additionally, as Ginnie Mae’s Authorized Seller / Repairer, they service their mortgages and currently manage over $ 10.0 billion in loans.

About the Colliers International Group Inc. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work together to provide expert advice to occupants, owners and real estate investors. For more than 25 years, our experienced leadership with significant insider participation has generated annual compound returns of nearly 20% for shareholders. With annualized revenues of $ 3.0 billion ($ 3.3 billion including affiliates) and $ 40 billion in assets under management, we are maximizing real estate potential and accelerating the success of our clients. and our employees. Find out more at corporate.colliers.com, Twitter @Colliers or LinkedIn.



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Martin Marietta (MLM) Down 4.7% Since Last Earnings Report: Can He Bounce Back? https://himspairport.com/martin-marietta-mlm-down-4-7-since-last-earnings-report-can-he-bounce-back/ https://himspairport.com/martin-marietta-mlm-down-4-7-since-last-earnings-report-can-he-bounce-back/#respond Thu, 03 Jun 2021 15:31:39 +0000 https://himspairport.com/martin-marietta-mlm-down-4-7-since-last-earnings-report-can-he-bounce-back/ A months have passed since Martin Marietta’s (MLM) last earnings report. Stocks lost around 4.7% over that time frame, underperforming the S&P 500. Will the recent negative trend continue until its next results release, or is Martin Marietta due for a breakout? Before we dive into how investors and analysts have reacted in recent times, […]]]>


A months have passed since Martin Marietta’s (MLM) last earnings report. Stocks lost around 4.7% over that time frame, underperforming the S&P 500.

Will the recent negative trend continue until its next results release, or is Martin Marietta due for a breakout? Before we dive into how investors and analysts have reacted in recent times, let’s take a look at the latest earnings report to better understand the important catalysts.

Martin Marietta at peak second quarter earnings, margin on strong pricing

Martin Marietta Materials, Inc. reported better-than-expected earnings for the first quarter of 2021. Its earnings and revenues (products and services) increased year-over-year, supported by improved pricing in the business of aggregate and cement upstream. as disciplined management of costs throughout the company.

On April 30, the Company acquired Minnesota-based Tiller Corporation (“Tiller”), which will be integrated into the central division. Tiller is the leading supplier of aggregate and FOB hot mix asphalt in the Minneapolis / St. Paul region. This strategic and rewarding acquisition will strengthen Martin Marietta’s high-margin upstream materials business in one of the largest and fastest growing Midwestern metropolitan areas.

He expects this acquisition aligned with strategic operations analysis and review (SOAR) to immediately accretion to earnings and cash flow, as well as to $ 170 million in generated revenue and $ 60 million. million dollars of adjusted EBITDA in 2021.

Ward Nye, President and CEO of Martin Marietta, said: “Our record first quarter results reinforce our confidence in Martin Marietta’s ability to continue to generate sustainable growth and superior shareholder value creation in 2021 and beyond. The company’s unparalleled growth opportunities and unwavering commitment to disciplined pricing and operational excellence, combined with the favorable winds of emerging demand that should support construction activity over the long term, firmly and uniquely position Martin Marietta for SOAR towards a sustainable future. “

In the headlines

Martin Marietta reported adjusted earnings per share of $ 1.04, comfortably beating the Zacks consensus estimate of 50 cents by 108%. The metric also rose 153.7% from last year’s level of 41 cents per share. The uptrend was mainly driven by price gains from upstream aggregates and cement activities as well as disciplined cost management across the company.

Total quarterly revenue (including revenue from products and services and freight) was $ 982.4 million, up 2.5% from the $ 958.2 million figure for the l ‘last year. Product and service revenue of $ 921.9 million, representing 93.8% of total revenue, increased 3.5% year over year and exceeded the consensus bar of 905.3 million 1.8% dollars.

Segment discussion

Building materials (including aggregates, cement, ready-mixed concrete, asphalt, paving product lines and freight) reported revenue of $ 911.5 billion, up from 2.1% year over year. Within this segment, revenues from products and services amounted to $ 856.6 billion, up 3.1% from a year ago. However, freight revenue of $ 54.9 million was down 10.6% from the same period last year.

Also in products and services, aggregate revenue of $ 572.6 million increased 0.4% from the previous year quarter. In addition, cement revenue increased 2.8% year-over-year to $ 109.6 million. Ready-mix concrete revenue increased 24% year-on-year to $ 235.3 million. However, revenues from the asphalt and paving product lines decreased 32.6% from the prior year quarter to $ 12.2 million.

Aggregate shipments were down 3% year-on-year, while prices improved 3.4% (2.5% on a mix-adjusted basis).

Geographically, East Group shipments increased 0.2% year-over-year, given strong residential and non-residential construction activity in the Carolinas, Georgia, Florida and Maryland. . This was partially offset by the end of the construction season in the Midwest and reduced wind power construction activity. Prices in the region improved 3.9% from the previous year quarter. West Groups aggregate shipments were down 7.7% from a year ago. Adverse winter weather conditions in Texas and Colorado as well as reduced demand in the energy sector detracted from the segment. Prices increased 1.9% year over year.

Cement shipments increased 0.3% year-on-year. Double-digit growth in shipments from the Midlothian plant in North Texas offset weather-related impacts and reduced energy sector activity in South and West Texas. Prices improved 1.5% (2.2% on a mix-adjusted basis) year over year.

Within the Downstream business, ready-mixed concrete shipments increased 26.5% year-over-year, driven by double-digit growth in Texas resulting from major projects and additional volume of operations acquired in August 2020. The increase was offset by weather-related shipments. drop in Colorado.

Magnesia Specialties reported product revenue of $ 65.3 million, up 8.9% year-over-year. The increase was due to increased demand for chemicals and lime products.

Highlights of operations

The gross margin was 17.8%, an improvement of 290 basis points. Additionally, Adjusted EBITDA of $ 204.4 million increased 37.2% year-on-year, driven by pricing momentum and improved cost management across the business.

Liquidity and cash flow

As at March 31, 2021, Martin Marietta had cash and cash equivalents of $ 313.9 million, compared to $ 207.3 million at the end of 2020. Long-term debt (excluding current maturities) is ‘amounted to $ 2.63 billion, almost in line with 2020 levels. Net cash from operations stood at $ 191.9 million at the end of the first quarter, compared to $ 106.7 million. dollars for the comparable period of 2020. It had unused borrowing capacity of $ 1.1 billion on the existing credit facility at the end of March.

Advice

The company expects product and service revenue of between $ 4.510 billion and $ 4.700 billion, gross profit of $ 1.290 billion to $ 1.380 billion, selling, general and administrative expenses of $ 320 million to $ 330 million, as well as an adjusted EBITDA of between $ 1.35 billion and $ 1.45 billion. Net profit is expected to be between $ 665 million and $ 750 million.

Overall growth in shipments is expected to be between 1% and 4%. Prices are expected to increase by 3-5%.

How have the estimates evolved since then?

It turns out that revised estimates have trended upward over the past month. The consensus estimate has changed 5.11% due to these changes.

VGM scores

At the moment Martin Marietta has an average Growth Score of C, but his Momentum Score is doing much better with an A. However, the stock received a D rating on the value side, making it place in the bottom 40% for this investment strategy.

Overall, the stock has an overall VGM score of C. If you’re not strategy-focused, this score is the one you should be interested in.

Outlook

Estimates have trended higher for the stock, and the magnitude of these revisions looks promising. It’s no surprise that Martin Marietta has a Zacks Rank # 2 (Buy). We expect an above-average return on the security over the next few months.

Click to get this free report

Martin Marietta Materials, Inc. (MLM): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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Rent vs. Buy index: Dallas and Chicago at opposite ends https://himspairport.com/rent-vs-buy-index-dallas-and-chicago-at-opposite-ends/ https://himspairport.com/rent-vs-buy-index-dallas-and-chicago-at-opposite-ends/#respond Thu, 03 Jun 2021 07:00:00 +0000 https://himspairport.com/rent-vs-buy-index-dallas-and-chicago-at-opposite-ends/ As the US housing market goes through the coronavirus pandemic, house prices rise, bidding wars break out – and renting becomes more and more attractive in some booming markets. That’s according to an index released Thursday. Buying in Dallas, Denver, Houston and Kansas City carries significant risk, due to rapidly rising house prices and the […]]]>


As the US housing market goes through the coronavirus pandemic, house prices rise, bidding wars break out – and renting becomes more and more attractive in some booming markets. That’s according to an index released Thursday.

Buying in Dallas, Denver, Houston and Kansas City carries significant risk, due to rapidly rising house prices and the potential for future declines, according to the latest Beracha, Hardin & Johnson Buy vs. Rent.

In contrast, it makes sense to buy in Chicago, Cleveland, and New York. And calculating rent or buying is “a virtual draw” in Boston, Detroit, Milwaukee, Minneapolis and St. Louis, says index co-author Ken H. Johnson, Florida real estate economist. Atlantic University.

The index measures whether consumers will create more wealth by buying a home and building equity or by renting and reinvesting the money they would have spent on the property, such as taxes, insurance and maintenance. . The index examines 23 metropolitan areas, taking into account house prices, rents, mortgage rates, returns on investment, property taxes, insurance and home maintenance costs.

The most favorable markets for rental

The figures of the Buy vs. Rent for the first quarter show that house prices are above their long-term average in some markets, including Portland, Pittsburgh and Miami. This means that consumers should rent and reinvest rather than buy and build equity in these markets.

The five markets that favor rental more than buying are places that have seen a strong interest from buyers during the summer:

  • Dallas: The reading for this metropolitan area is 0.54 out of a maximum of 1.
  • Denver: The index for this region is 0.48.
  • Houston: Its index is 0.43.
  • Kansas City: The reading for the metropolitan area is 0.33.
  • Seattle: Its index is 0.27.

The markets that favor buying the most

  • Cleveland: Its index was -0.15 out of a possible -1.22.
  • new York: Its index was -0.21.
  • Chicago: Its index of -0.23 was the lowest reading.


Housing markets in Chicago and New York have struggled recently. Chicagoland remains a hub for business that is home to dozens of Fortune 500 headquarters, but Illinois has lost population and is showing weak job growth.

Meanwhile, Manhattan’s sales volumes have been hit hard by COVID-19, while surrounding boroughs and suburbs have seen increased demand, according to Jonathan Miller, Manhattan-based appraiser and director of Miller Samuel Inc.

Johnson recognizes that buying in Chicago or New York is not foolproof. The index’s conclusion that the two main metropolitan areas are undervalued is based on historical pricing models. But that ignores the possibility that New York real estate will definitely lose its appeal due to the coronavirus pandemic, high taxes, or for any other reason.

If New York City falls out of favor as an international destination, Johnson says, “All bets are off on accommodation in New York. If not, the region’s housing market is expected to weather this difficult period fairly well based on the historical housing performance for the region.

The index was created by economists at Florida Atlantic University and Florida International University. Johnson describes the results for New York City as follows: Out of 100 people who buy homes in the New York or Chicago metro areas in the fourth quarter, 70 would accumulate more wealth by owning and creating equity, while the other 30 would acquire rent and reinvest the money that would otherwise be spent on owning a portfolio of stocks and bonds.

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Ameriprise Financial requests a state industrial bank charter https://himspairport.com/ameriprise-financial-requests-a-state-industrial-bank-charter/ https://himspairport.com/ameriprise-financial-requests-a-state-industrial-bank-charter/#respond Wed, 02 Jun 2021 13:20:00 +0000 https://himspairport.com/ameriprise-financial-requests-a-state-industrial-bank-charter/ MINNEAPOLIS – (COMMERCIAL THREAD) – Ameriprise Financial (NYSE: AMP) has filed an application to convert Ameriprise Bank, FSB into a state-chartered (IB) industrial bank regulated by the Utah Department of Financial Institutions (UDFI) and the Federal Deposit Insurance Corporation (FDIC). The company is also filing an application to transition the FSB’s personal trust services business […]]]>


MINNEAPOLIS – (COMMERCIAL THREAD) – Ameriprise Financial (NYSE: AMP) has filed an application to convert Ameriprise Bank, FSB into a state-chartered (IB) industrial bank regulated by the Utah Department of Financial Institutions (UDFI) and the Federal Deposit Insurance Corporation (FDIC). The company is also filing an application to transition the FSB’s personal trust services business to a new national limited-use fiat bank regulated by the Office of the Comptroller of the Currency (OCC).

The changes do not impact the company’s long-term growth strategy for the bank and allow Ameriprise to continue to offer its strong portfolio of banking solutions, including deposits, credit cards, mortgages. and securities lending to its uninterrupted wealth management clients. The conversion to an IB charter will help the company align capital executives across all of its activities to be more competitive and efficient.

About Ameriprise Financial

At Ameriprise Financial, we’ve been helping people have confidence in their financial future for over 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to meet the full range of financial needs of individual and institutional investors. . For more information or to find an Ameriprise financial advisor, visit ameriprise.com.

Ameriprise Financial Services, LLC. FINRA and SIPC member.

© 2021 Ameriprise Financial, Inc. All rights reserved.



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Rochester residential portfolio brings in $ 49m – finance & commerce https://himspairport.com/rochester-residential-portfolio-brings-in-49m-finance-commerce/ https://himspairport.com/rochester-residential-portfolio-brings-in-49m-finance-commerce/#respond Tue, 01 Jun 2021 22:17:57 +0000 https://himspairport.com/rochester-residential-portfolio-brings-in-49m-finance-commerce/ Colorado-based Monarch Investment and Management Group paid $ 49.275 million for a residential portfolio in Rochester in late May, according to recently released electronic real estate value certificates. Centerspace LP, which listed a Minneapolis address, sold all five properties containing a total of 445 residential units located in Rochester. The sales were financed by new […]]]>


Colorado-based Monarch Investment and Management Group paid $ 49.275 million for a residential portfolio in Rochester in late May, according to recently released electronic real estate value certificates.

Centerspace LP, which listed a Minneapolis address, sold all five properties containing a total of 445 residential units located in Rochester. The sales were financed by new mortgages, according to eCRV.

Monarch bought the 72 Crystal Bay Townhomes units for $ 13.65 million, which works out to about $ 189,583 per unit. It has two and three bedroom townhouses located along Crystal Bay Court SW., According to Olmsted County real estate records.

The townhouse complex sits directly east of County Road 8 Southwest and south of Salem Road Southwest. The John Withers Sports Complex and Lake George are neighbors to the east, and the Apache Mall is over a mile to the northeast.

The 115 Winchester Apartments, located at 3908 19th Ave. NW, were purchased for $ 9.5 million. This property includes one- and two-bedroom apartments, and two- and three-bedroom townhouses, located north of 37th Street Northwest and east of US Freeway 63. This deal comes down to a bit less than $ 82,609 per unit, according to an eCRV.

Monarch’s recent acquisition also included Village Green Townhouses, which have 36 units sold for $ 5.3 million. Village Green is located at 1828 41st St. NW, directly north of the Winchester Apartments. This deal is worth about $ 147,222 per unit, according to the eCRV.

French Creek townhouses were sold for $ 6.7 million. Located at 2000 Chardonnay Lane NW, the resort has 40 units across US Highway 63 from Woodside Park. That deal costs $ 167,500 per unit, according to the eCRV.

The 182 Heritage Manor Apartments were also purchased for $ 14.125 million by Monarch. This apartment complex is located at 2408 18½ Ave. NW, which sits directly west of US Highway 63. The deal is nearly $ 77,610 per unit, according to eCRV information.

Monarch is based in Franktown, Colorado, and owns and manages numerous properties in Rochester. These include The Gates of Rochester, Winchester and Village Green, French Creek, Olympik Village and Heritage Manor, according to the Monarch website.

Centerspace is headquartered in Minot, North Dakota, and was previously known as IRET. Like Monarch, he owns an extensive portfolio of residential properties in Rochester, including Quarry Ridge Apartments, GrandeVille at Cascade Lake, Sunset Trail Apartment Homes, Woodridge Apartments, Avalon Cove Townhomes, and Cascade Shores Townhomes, according to his website.

By comparison, Rochester’s 100-unit Georgetowne Homes townhouse complex sold for $ 12.35 million to a Colorado-based affordable housing entity in April. The purchase of the complex by Clark Capital Affordable Housing Income Fund was $ 123,500 per unit, and this was the fund’s first acquisition in Minnesota, Finance & Commerce reported.

At the end of last year, another Rochester townhouse complex was sold. An entity related to the Eden Prairie-based Interstate development spent nearly $ 9.4 million on 59 units in Portage townhouses. The price was $ 159,254 per unit, according to Finance and commerce.

Related:

Marcus & Millichap closes two multi-family sales for $ 23 million

Just sold: Rochester townhouse complex sells for $ 9.4 million



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The trauma of the Covid-19 pandemic changed the economy, perhaps forever https://himspairport.com/the-trauma-of-the-covid-19-pandemic-changed-the-economy-perhaps-forever/ https://himspairport.com/the-trauma-of-the-covid-19-pandemic-changed-the-economy-perhaps-forever/#respond Tue, 01 Jun 2021 19:56:00 +0000 https://himspairport.com/the-trauma-of-the-covid-19-pandemic-changed-the-economy-perhaps-forever/ Once ideas about how to run the economy are entrenched, it may take generations to dislodge them. Something big usually has to happen to shift politics to another path. Something like the Covid-19. In 2020, when the pandemic struck and economies around the world froze, policymakers effectively shorted the business cycle without thinking twice. The […]]]>


Once ideas about how to run the economy are entrenched, it may take generations to dislodge them. Something big usually has to happen to shift politics to another path. Something like the Covid-19. In 2020, when the pandemic struck and economies around the world froze, policymakers effectively shorted the business cycle without thinking twice.

The Great Recession that followed the 2008 crash had already sparked reflection. But the overall approach came out relatively intact. Basically, this approach prioritized controlling inflation and managing the pace of economic growth by adjusting the cost of private borrowing rather than spending public money.

The pandemic has put these conventions aside around the world. In the new economy, fiscal policy has taken over from monetary policy. Governments channeled liquidity directly to households and businesses and ran record budget deficits. Central banks played a secondary and supporting role in buying back public debt and other skyrocketing assets, keeping borrowing costs low and insisting that now is not the time to s ‘worry about inflation. While the flight of orthodoxy was most pronounced in the richest countries of the world, versions of this shift also occurred in emerging markets. Even institutions like the IMF, which had long followed the old rules of fiscal prudence, preached the benefits of government stimulus measures.

In the United States, and to a lesser extent in other developed economies, the result has been a much faster recovery than after 2008. This success opens a new phase in the struggle for politics. Lessons have been learned on how to get out of a downturn. Now is the time to figure out how to handle the boom.

For centuries, theorists have pondered the recurring and inevitable fluctuations that make up the business cycle. According to traditional laws of the cycle, it would have taken years for households to recover from the sudden collapse in economic activity in 2020. Instead, the US government stepped in to protect them from its worst effects of a a way that hadn’t really been tried before: by replacing wages that millions of newly unemployed Americans no longer received from employers.

But the policies of the pandemic era have also been shaped by the regret, which has accumulated over a decade, about the response to the last crisis in 2008. In retrospect, economists have come to view this response as unbalanced. and inadequate. Bank bailouts fixed the financial system, but little was done to help homeowners in debt, and household incomes were allowed to fall.

The new pandemic economy has also protected the financial system, but from the bottom up instead of the top down – a point made repeatedly by Neel Kashkari, who helped lead the rescue as a US Treasury Department official in 2008 and now head Federal Reserve Bank of Minneapolis. As their jobs disappeared in the spring of 2020, Americans struggled to pay their rent, pay off their mortgages, and cover their car payments. Without the government’s efforts to replace lost income, the health crisis that had already triggered a jobs crisis would have turned into a financial crisis.

“How did the Americans pay all their bills? It’s because Congress has been so aggressive “with the fiscal stimulus, Kashkari said in October on CNBC.

After an initial surge in spending, many countries quickly turned to budget control in the years following 2008, motivated by concerns about rising public debt, a trend that was most pronounced in Europe. In the United States, state and local government budget cuts have resulted in massive job losses. In both cases, relatively high unemployment and low growth rates persisted for much of the decade. In 2020, the austerity doctrine quickly receded around the world. Germany, where politicians and central bankers have long been obsessed with fiscal discipline, removed a rule requiring balanced budgets and abandoned its opposition to joint borrowing with other eurozone countries. The depth of the Great Recession and the slow pace of the recovery have highlighted issues such as economic inequality and racial justice. Wealth and income gaps have widened since the 1980s, as government intervention in the economy was supplanted by over-reliance on the free market.

Direct payments to low-income households could be a powerful new tool to protect people at the bottom of the economic ladder from the destruction of wealth that always accompanies downturns. Now that they’ve been used in one recession, it will be hard to say they shouldn’t be used the next, according to JW Mason, associate professor at John Jay College of Criminal Justice.

“If you can replace 100% of the lost income in a crisis like this, why won’t we replace 100% of the lost income of people with every cyclical downturn? ” he says. “What’s the excuse for saying this because we have some kind of financial crisis that ordinary people should see their standard of living drop in?” The importance of these transfer payments during the pandemic highlights another big change in the economy: the shifting of power from monetary policy to fiscal policy and the declining role of the central bank in combating it. inflation. And while the new economy has the makings of an updated framework for dealing with recessions, it has yet to grapple with the potential challenges posed by accelerating growth.

Adherents believe inflationary pressures, of the kind that the 1980-2020 political paradigm was designed to contain, just aren’t going to happen anytime soon. If inflation risks materialize, there is a debate on how they should be managed. Leaving the job to the Fed and a Volcker-style monetary policy would put people out of work, hitting the most vulnerable hardest. This would undermine the goal of achieving a more inclusive economy.



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