LVT

Tarkett Demonstrates Power of Collaborative Creativity at Design Days 2023

Retrieved on: 
Wednesday, May 17, 2023

SOLON, Ohio, May 17, 2023 /PRNewswire/ -- Chicago's Fulton Market District will soon be buzzing with creative energy as more than 40,000 people from across the global design community gather in the city June 12-14 for Design Days, an annual showcase of the latest in commercial products and design. As part of the event, Tarkett, a worldwide leader in innovative and sustainable flooring solutions, will welcome design professionals into its Chicago Fulton Market showroom at 215 N. Peoria Street, Floor 10, for a firsthand look at how the company is redefining its approach to design.

Key Points: 
  • It was this process of coming together as individuals to build and create that inspired Tarkett's Collaborative collection, which will be introduced at Design Days.
  • The new collection emerged from a collaborative mark-making process led by Tarkett's vice president of design for its commercial business, Omoleye Simmons, who joined the company in September.
  • Attendees will participate in a series of hands-on exercises that reflect the process Tarkett's design team used when developing the Collaborative collection, and participants will receive a canvas featuring art created by Tarkett designers during their own collaborative design explorations.
  • For more information on Tarkett and its Design Days activities, visit contract.tarkett.com/colab .

Interface Continues Commitment to Product & Design Innovation with Latest Collections

Retrieved on: 
Wednesday, May 17, 2023

With these latest resilient and carpet tile introductions, Interface continues to enhance its flooring portfolio with innovative designs that help customers meet their unique design objectives and solve challenges.

Key Points: 
  • With these latest resilient and carpet tile introductions, Interface continues to enhance its flooring portfolio with innovative designs that help customers meet their unique design objectives and solve challenges.
  • Connected Ethos™: This carpet tile collection expands the manufacturer’s biophilic-inspired product portfolio with a new transitional tile that helps designers create a connected, harmonious flooring design.
  • noraplan convia™: Featuring a streamlined design and all the proven performance properties of nora® rubber, noraplan convia is a smart flooring solution for functional design.
  • In addition, all four of these latest launches from Interface – like every flooring product it sells – are carbon neutral across their full product life cycle through the company’s third-party verified Carbon Neutral Floors™ program.

Studio Shed Introduces New Turnkey, Built-to-Code Accessory Dwelling Units (ADUs)

Retrieved on: 
Thursday, May 11, 2023

LOUISVILLE, Colo., May 11, 2023 /PRNewswire-PRWeb/ -- As the demand for Accessory Dwelling Units (ADUs) continues to rise and zoning regulations for the popular housing solution lift in neighborhoods across the country, Studio Shed, the prefabricated modular home industry leader since 2008, today announced the debut of a new collection of four curated ADU designs in an effort to streamline and ease the permitting and building process for its customers.

Key Points: 
  • The new product offerings feature sizes ranging from a studio to one- and two-bedroom units, complete with interior layouts, finishes and Express Permit Plan Sets.
  • "This is an exciting milestone for Studio Shed," said Jeremy Nova, the company's cofounder and creative director.
  • The customer manages the permitting process, and Studio Shed ships the final product flat-packaged as a kit once permitted.
  • The new Studio Shed ADUs are available online at https://www.studio-shed.com/models/ and start at $87,197.

Toll Brothers Apartment Living® and PGIM Real Estate Top Out Momentum Midtown, a New 36-Story Luxury Apartment Community in Atlanta

Retrieved on: 
Monday, May 8, 2023

ATLANTA, May 08, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner PGIM Real Estate, last week celebrated the topping-out of Momentum Midtown, a new 36-story, 376-unit luxury high-rise rental apartment community in the heart of Atlanta’s vibrant Midtown neighborhood.

Key Points: 
  • ATLANTA, May 08, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and joint venture partner PGIM Real Estate, last week celebrated the topping-out of Momentum Midtown, a new 36-story, 376-unit luxury high-rise rental apartment community in the heart of Atlanta’s vibrant Midtown neighborhood.
  • Financed with a construction loan facility from Wells Fargo Bank N.A, construction commenced in 2021 and resident occupancy is anticipated in early 2024.
  • “This was an exciting day for all members of the team as we celebrated this huge construction milestone for Momentum,” said John McCullough, President of Toll Brothers Apartment Living.
  • “The topping out of Momentum represents great progress for Toll Brothers and for the Midtown region,” said Will Chappell, Director of Development and Construction for the southeast region of Toll Brothers Apartment Living.

JBM® Exclusively Lists The Park at Valenza in Tampa

Retrieved on: 
Thursday, May 4, 2023

ST. PETERSBURG, Fla., May 4, 2023 /PRNewswire/ -- JBM® Institutional Multifamily Advisors has exclusively listed The Park at Valenza – a 776-unit multifamily community in Tampa, Florida.

Key Points: 
  • ST. PETERSBURG, Fla., May 4, 2023 /PRNewswire/ -- JBM® Institutional Multifamily Advisors has exclusively listed The Park at Valenza – a 776-unit multifamily community in Tampa, Florida.
  • The Park at Valenza offers a tremendous amount of value-add opportunities and upside.
  • Located just two miles from Interstate-75 and 2.5 miles from Interstate-4, The Park at Valenza has exceptional connectivity to major employment centers, retail destinations, and points of interest in the Tampa Bay MSA and beyond.
  • Downtown Tampa is only 8 miles away from the Property and it is only 1 mile to the closest Publix and Starbucks.

Mohawk Industries Reports Q1 Results

Retrieved on: 
Thursday, April 27, 2023

CALHOUN, Ga., April 27, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2023 net earnings of $80 million and diluted earnings per share (EPS) of $1.26.

Key Points: 
  • CALHOUN, Ga., April 27, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2023 net earnings of $80 million and diluted earnings per share (EPS) of $1.26.
  • Commenting on Mohawk Industries’ first quarter performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, “All of our businesses are adapting our strategies to a more challenging environment.
  • In Flooring North America and Flooring Rest of the World, our restructuring actions are on track and should improve the results of our business.
  • We expect seasonal improvement in demand along with reduced energy and material costs to improve our future results.

Toll Brothers Apartment Living® and Pondmoon Capital USA Announce the Groundbreaking of Mirra, a New Luxury Rental Community in Frisco, Texas

Retrieved on: 
Friday, March 24, 2023

A groundbreaking celebration at the construction site this week was attended by senior executives from Toll Brothers Apartment Living and Pondmoon Capital USA, local officials, as well as members of the media.

Key Points: 
  • A groundbreaking celebration at the construction site this week was attended by senior executives from Toll Brothers Apartment Living and Pondmoon Capital USA, local officials, as well as members of the media.
  • “It’s sheer joy to commence yet another great development with Toll Brothers,” said Patrick Chen, CEO of Pondmoon.
  • Remy, a five-story, 357-unit multifamily rental community in Frisco, broke ground in February 2022 and is anticipated to open this fall.
  • Kilby, another Frisco community, was completed in 2021 and consists of 258 luxury units.

Shaw-Manufactured Resilient Now Eligible for Recycling Through its re[TURN]® Reclamation Program

Retrieved on: 
Friday, March 17, 2023

DALTON, Ga., March 16, 2023 /PRNewswire-PRWeb/ -- Shaw Industries Group, Inc. (Shaw), announces Shaw Plant RP resilient products (both LVT and SPC) are now recyclable through the re[TURN]® Reclamation Program. And as part of the Environmental Guarantee, Shaw promises to pick up Shaw-manufactured resilient for recycling at the end of its first life on the floor at no cost to the customer (for a 5,000 square foot minimum).

Key Points: 
  • DALTON, Ga., March 16, 2023 /PRNewswire-PRWeb/ -- Shaw Industries Group, Inc. ( Shaw ), announces Shaw Plant RP resilient products (both LVT and SPC) are now recyclable through the re[TURN]® Reclamation Program.
  • Since 2006, Shaw has recycled almost one billion pounds of carpet through its re[TURN] Reclamation Program.
  • At the end of the products' life on the floor, individuals may call the number to initiate the reclamation process with the re[TURN] Reclamation Team.
  • To learn more about Shaw's re[TURN] Reclamation Program or Environmental Guarantee, visit http://www.shawrecycles.com .

Global Ceramic Tiles Market to Reach $771.2 Billion by 2030

Retrieved on: 
Monday, March 13, 2023

As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.

Key Points: 
  • As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.
  • In the changed post COVID-19 business landscape, the global market for Ceramic Tiles estimated at US$383.1 Billion in the year 2022, is projected to reach a revised size of US$771.2 Billion by 2030, growing at aCAGR of 9.1% over the period 2022-2030.
  • The U.S. Market is Estimated at $104.4 Billion, While China is Forecast to Grow at 13.6% CAGR
    The Ceramic Tiles market in the U.S. is estimated at US$104.4 Billion in the year 2022.
  • China, the world`s second largest economy, is forecast to reach a projected market size of US$179 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030.

JBM® Exclusively Lists $270MM, 3 Property Multifamily Portfolio for Passco

Retrieved on: 
Monday, February 27, 2023

NAPLES, Fla., Feb. 27, 2023 /PRNewswire/ -- JBM® Institutional Multifamily Advisors has exclusively listed 3 Florida multifamily properties for Passco Companies – an Irvine, California headquartered DST.

Key Points: 
  • NAPLES, Fla., Feb. 27, 2023 /PRNewswire/ -- JBM® Institutional Multifamily Advisors has exclusively listed 3 Florida multifamily properties for Passco Companies – an Irvine, California headquartered DST.
  • Buyers will have the option to buy as a portfolio or individually.
  • Located in Riverview, FL (Tampa MSA), Pearce is a Class A+ property comprised of 250 units.
  • The Property has an expansive amenity package with vast options for outdoor activities such as kayaking, sand volleyball, tennis, and more.