Standard Pacific purchases 1,100-home site in N.C.
Standard Pacific Homes, one of the nation’s largest home builders, has purchased a 1,600-acre master planned community called The Palisades in the Charlotte, N.C., market. With plans to open in late 2013, the company will introduce all new home designs to the project, which contains 1,100 home sites. It is located next to Lake Wylie, Charlotte’s second largest lake and a popular recreational destination.
"Standard Pacific Homes plans to build its move-up oriented homes on approximately 50% of the home sites and sell the remaining home sites to other builders," said Peter Kiesecker, the company’s senior VP mergers and acquisitions. "We have already received tremendous interest from the home-building community. Many builders are anxious about the rare opportunity to build within a highly amenitized master-planned community complemented by this idyllic setting."
Standard Pacific Homes’ new home designs at The Palisades will feature large-scale open spaces, including gourmet kitchens that flow into expansive Great Rooms. The homes will also provide luxurious master suites featuring walk-in closets and elegantly appointed private bathrooms.
Standard Pacific Homes operates in major metropolitan areas in California, Florida, Arizona, North Carolina, South Carolina, Texas and Colorado.
Royal launches Overture Folding Door Series
Royal Building Products launched its new Royal Overture Folding Door Series. Overture Folding Doors are available for residential and commercial applications and can accommodate a maximum width of 288 ins. and a maximum height of 120 ins. When fully retracted, Overture Folding Doors provide easy access to exterior living and a feeling of wide open space, the company said.
“The Royal Overture Folding Door Series continues our tradition of designing innovative, high-performing patio door solutions,” said Mark Fanelli, VP and general manager of Royal’s Window & Door Profiles business. “Overture’s slim-line welded sash is an exciting innovation because it maximizes the viewing area. Overture makes it easier than ever to bring the beauty of the outside into a living space.”
The Royal Overture Folding Door Series offers multi-panel configurations for maximum design options and is available in a variety of Royal Bond Spectra-Coat colors to complement virtually any decor.
The Overture Folding Door Series features an all-vinyl frame with aluminum reinforcement that is suitable for most climates. The sash has been designed to use the most common insulated glass configurations (up to 1 3/8-in. triple glazing). The Overture Folding Door Series meets the most stringent energy codes in the industry with an R-value of 6; it also is Energy Star-qualified.
Beacon Roofing CFO to retire
David Grace, the executive VP and chief financial officer of Beacon Roofing Supply, will retire effective Jan. 1, 2013, for health reasons. A nationally recognized executive recruiting firm is conducting a search for his successor. Grace will remain in his current role until a new CFO is named and has also agreed to devote as much time as necessary to ensure a seamless transition.
Grace joined Beacon as an accountant in 1987, when it operated only three branches, and served in positions of increasing responsibility until he was named CFO in 1997. He was most recently promoted to executive VP on Jan.1, 2011. In addition to leading Beacon’s financial organization, Grace also oversees information technology and investor relations.
Paul Isabella, the company’s president and CEO, stated: "Throughout his 25-plus years of service to Beacon, Dave has been a key part of the company’s tremendous growth and success, including the completion of our 2004 IPO, a secondary offering in 2005, and many debt financings and acquisitions. He has built strong finance and IT teams and a disciplined financial culture that will serve the company well in the years ahead. Although we certainly will miss Dave’s leadership and guidance, we understand and appreciate his decision that his health and family are his main focus at this time. We are grateful that Dave will continue to lead his departments until we transition to his successor.”
Beacon Roofing Supply is a leading distributor of roofing materials and other exterior building products. Headquartered in Peabody, Mass., the company operates 206 branches in 38 states in the United States and across Canada. It listed in 4th place with $1.9 billion in sales on the 2012 HCN Pro Dealer Scoreboard.