Posted in renovation

The State’s Largest Historic Renovation in Downtown Dallas Lights Up

Ten years ago, the vertical white lights on the former First National Bank tower were turned off after the building closed. Now the 55-year-old Elm Street landmark is being transformed as part of a $450 million redevelopment project. Award-winning real estate firm Todd Interests is developing office spaces for tenants like Downtown Dallas Inc., as well as luxury apartments, restaurants, retail, and a 219-room Thompson Hotel. Renamed The National, the 52-story high-rise is scheduled to open by the end of this year. The lights have already been turned back on.

This is one of the state’s largest adaptive reuse projects, and DDI will stake its claim on a bottom floor space that will be visible from the street. This has for years been downtown’s largest vacant block, a monstrous building covered in fencing whose developers just couldn’t get the financing to make what they called the Drever a reality. But

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Posted in home improvement storest

Malaysia’s largest home-improvement retailer seeks $361m in IPO

KUALA LUMPUR — Home-improvement store operator Mr DIY Group of Malaysia opened its initial public offering for bids, aiming to raise 1.5 billion ringgit ($360.6 million) in what would be the country’s largest stock market listing since 2017.

The company on Tuesday unveiled its prospectus, an important step to listing on the main board of Kuala Lumpur’s stock exchange, known as Bursa Malaysia. Mr DIY’s first two attempts at listing — late last year and the first half of 2020 — were shelved amid the coronavirus pandemic.

The offering would give the company a market capitalization of 10 billion ringgit post-IPO, CEO Adrian Ong said at an online news conference after the prospectus was released.

Mr DIY is targeting a retail price of 1.60 ringgit a share, with the institutional offering consisting of 779.95 million shares and 161.53 million shares allocated for the retail offering.

“We today have a 29%

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Posted in remodeling

Legacy Bath and Kitchen Ranked as one of America’s Largest

SAN ANTONIO, TX – Legacy Bath and Kitchen, a San Antonio based remodeling company, has been ranked in Qualified Remodeler’s list of the top 500 remodeling companies in the nation.

Qualified Remodeler is a leading publication in the remodeling and home improvement industry. This is the publication’s 42nd annual TOP 500 Remodelers list. They have ranked Legacy Bath and Kitchen number 203 out of 500 remodeling companies. The criteria used to determine their placement in the ranking includes total remodeling revenue, years in business, industry association memberships, industry certifications, industry awards and community service.

Legacy Bath and Kitchen recently went through a total rebrand and like many local businesses, has faced difficult times during the COVID-19 pandemic and financial crisis.

“To be on this list in the midst of a rebrand and economic crisis shows us that our efforts to run an exceptional remodeling business are paying off,” Krishelle Hicks,

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Posted in home improvement loans

US home prices see largest jump in 7 years, latest record high

  • A recent report by Redfin that analyzed the 4-week period ending September 6 found that the median price of a home in the US saw its largest percentage increase since 2013.
  • Rising prices and low inventory have created highly competitive markets for homebuyers, especially first-time homebuyers.
  • This increase is the latest in a string of record highs for median house prices since the summer, meaning buying a house may not be a great deal for everyone right now.
  • Visit Business Insider’s homepage for more stories.

The typical US house price jumped 13% year-over-year to $319,178 for the four-week period ending September 6, per Redfin. That was the biggest percent jump in seven years, since 2013.

The report, which looked at 434 metro areas, also revealed that active listings were down 28% from the same time last year, meaning tight supply keeps propping prices higher and higher. With rising prices, low

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Posted in home repair

Titan Home Improvement Announces Acquisition of Paradise Home Improvement, and Climbs to #3 Largest Remodeler in US

TipRanks

Billionaire David Shaw Pours Money Into 3 “Strong Buy” Stocks

Are the tides turning on Wall Street? Stocks fell in the past three trading sessions, as investors abandoned the tech heavyweights that have been at the forefront of the market’s remarkable charge forward. What’s behind the sell-off? Sky-high valuations reminiscent of the dot-com era have sparked fears of a tech bubble. To this end, investors are wondering if this pullback is just a correction, or if it is the start of a larger drawdown.In times like these, the legends can offer some guidance. We are referring to the people that transformed the way we play the investing game, namely David Shaw.A former Columbia University computer-science professor, Shaw founded the D. E. Shaw group at a small bookstore in New York City in 1988. Starting out with six employees and $28 million in capital, he pioneered a new investing approach,

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Posted in home improvement

Titan Home Improvement Announces Acquisition of Paradise Home Improvement and Climbs to #3 Largest Remodeler in US

“We are thrilled for this new chapter and to be a part of Paradise’s growth under Titan’s ownership. With the resources that Titan has in place, we should be able to significantly grow our market share and provide our excellent service to more customers than ever before,” said Jeffery Becker, General Manager of Paradise.

Mel Feinberg, Chairman of Titan, commented that “we welcome Paradise and its employees to the Titan organization.  Joe Schuette [Paradise’s founder and former owner] did an amazing job building a great team and culture here at Paradise, and we look forward to taking the business to the next level over the coming years.”

The acquisition of Paradise will serve to further grow Titan’s broad network of providers.  Last month Titan was proud to learn that the “Remodeling 550” List, published by Remodeling Magazine, named Titan the 3rd largest remodeling company in the country

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Posted in contractions

10 countries that have seen the largest GDP contractions

As per data released by the Ministry of Statistics and Programme Implementation, India has recorded a GDP drop of 23.9 per cent, in the period April-June 2020. This is the worst contraction since India started reporting GDP data in 1996.

This has been corroborated by a graph that the International Monetary Fund’s (IMF) chief economist, Gita Gopinath posted on Twitter, which shows that India saw the sharpest contraction among the G-20 nations.

India also saw one of the world’s strictest lockdown imposed in March, which has been extended multiple times since then. These have stalled economic activity and have led to the country’s economy being in the doldrums.

Finance Minister Nirmala Sitharaman had earlier said that such a contraction is the result of an Act of God, inviting much trolling both from outside and within the party. India’s chief economic advisor, K Subramanian, however, has said that the contraction is

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