West Virginia lumberyard to close
Evans Lumber Co., an 81-year-old lumberyard in South Charleston, W.Va., is looking for a buyer, according to an article in the Charleston Daily Mail.
Owner Don Evans said he put the place on the market several weeks ago, citing competitive pressure and a loss of local businesses. He will operate the store for another six to nine months, he said, before closing it for good.
HD Supply promotes exec
HD Supply Facilities Maintenance has named Robin Soehl as its VP strategy and channel development. In this newly created position, Soehl will develop and implement an institutional strategy and drive all aspects of selling to government entities. She will lead the Federal Government and State, Local and Education (SLED) national accounts and field sales teams, as well as oversee contract compliance.
Soehl will continue to lead the company’s e-Business, business development and business integration teams. Soehl previously held the position of VP marketing and business development at HD Supply Facilities Maintenance.
Soehl joined HD Supply in 1996 as manager of database marketing. She has since held a number of key roles, including director of marketing, director of e-Business, VP business improvement and quality operations, VP marketing and corporate strategy, and VP marketing and merchandising. Some of her many accomplishments include establishing the company’s multichannel marketing approach, leading the company’s online strategy, successfully integrating acquired companies, creating the company’s customer research capability and optimizing productivity while always maintaining focus on the customer.
Based in San Diego, HD Supply Facilities Maintenance is a leading supplier of maintenance, repair and operations (MRO) products to owners and managers of multi-family, hospitality, educational and commercial properties; healthcare providers; and municipal and government facilities. The division of HD Supply has 36 distribution centers and a fleet of more than 600 delivery vehicles.
Hovnanian, GTIS Partners announce home-building joint venture
Hovnanian Enterprises and GTIS Partners have expanded their December 2010 joint venture with the acquisition of five additional home-building communities. The venture plans to design, sell, and deliver homes in the communities, which contain 745 lots across three communities in Northern Virginia, one community in Maryland and one community in Pennsylvania.
The venture now owns 1,168 lots in eight communities — which includes the three properties acquired in December, two in California and one in Virginia — and expects its gross home sellout to exceed $500 million.
About $123 million of capital has been invested, with Hovnanian contributing 25% and GTIS Partners providing 75%. Hovnanian will manage the day-to-day operation, and if certain financial targets are met, Hovnanian will receive a promoted share of the cash returns from the venture.
"Within the joint venture, and our earlier partnership with GTIS, we now expect to deliver more than 2,700 homes in 19 communities,” said Ara Hovnanian, chairman of the board of directors, president and CEO of Hovnanian Enterprises. “Our efforts to execute additional joint ventures with GTIS or with others do not end here, as we continue to seek opportunities to leverage our home-building expertise with financial partners’ desires to invest in for-sale residential communities."