Fiberon’s Deck Dollars program promotes the NADRA
New London, N.C.-based Fiberon announced a new incentive for deck builders to join the North American Deck and Railing Association (NADRA).
Throughout 2011, deck builders who sign up as a FiberPRO and make a Fiberon purchase through its Deck Dollars Rebate Program will receive 50% reimbursement of their annual NADRA membership dues.
"The opportunity to utilize the FiberPRO program to further support the voice of our industry creates synergies that the professional deck builder can use to his advantage," said Edie Kello, director of marketing. "Coupling Fiberon’s comprehensive professional deck builder support program with reimbursement of NADRA membership provides access to valuable tools and community resources that will help deck builders attract more clients, improve their bottom line, and build a reputation for their business, both in their community and within their industry."
The new Deck Dollars NADRA Membership Promotion requires professional deck builders sign up for the FiberPRO program and, upon approval, automatically qualify for the Deck Dollars Rebate Program. FiberPROs can then login to submit their initial Fiberon purchases online, which will officially enroll him into the Deck Dollars Rebate Program and prompt the submission for Fiberon’s 50% annual reimbursement of NADRA dues.
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Stalled commercial projects finding new capital
In what could be called a sign of recovery, some long-dormant commercial and multi-family projects have kicked back into gear thanks to an infusion of new lending, according to an article in the Wall Street Journal.
Some of the largest U.S. banks are slowly wading into commercial lending, including J.P Morgan Chase & Co., which has financed as much construction in the first six weeks of 2011 as it did in all of last year.
Oliver McMillan has secured $300 million in private equity funding to take over and complete a major mixed-use project in the Buckhead section of Atlanta. An unfinished casino in Atlanta City, N.J., just received a $1.15 billion cash infusion to complete the project. Boston Properties plans to restart construction this year on a $1 billion Manhattan skyscraper that has sat idle since 2009.The Zaremba Group of Cleveland has a $30 million deal to finish a high-rise apartment complex in Tempe, Ariz.
Plans to resume construction on other stalled construction sites include five San Diego projects and a new headquarters for GlaxoSmithKline in Philadelphia. Some developers are building speculative commercial buildings, such as Monday Properties, which is constructing a 35-story office tower in Rosslyn, Va., even though it has no signed tenants.
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84 Lumber closes 10 locations
After a review of its stores and their local markets, 84 Lumber closed 10 locations throughout the United States on March 7. They are Farmingdale, N.J.; Karns, Tenn.; Ft. Pierce, Deland, and Brooksville, Fla.; Winder, Ga.; Anderson, S.C.; Springfield, Mo.; Tulsa, Okla.; and South Haven, Miss.
“These 10 stores have consistently underperformed for the past three years, and while we do see some positive movement in the housing and construction markets on an overall national basis, these markets continue to lag severely with no sign of a significant rebound that fits our business model,” Jeff Nobers, VP marketing and public relations, told Home Channel News in an e-mail. “We have multiple stores in these regions — with the exception of Tulsa — and we can handle the business from these closed stores from other locations.”
All of the properties will be offered for sale, Nobers said.