Jacksonville, Fla.-based multifamily builder LandSouth Construction is keeping busy: In addition to working on development projects such as the Bella Lakes Apartment Homes in Osceola County, Fla., and the Research Park Apartments in Raleigh, N.C., the company recently had a team of eight cyclists participate in the Bike MS PGA Tour “Cycle to the Shore Ride,” a grueling, 150-mile, round-trip trek between St. Augustine and Daytona Beach. As part of the event, Team LandSouth raised $9,600 in support of the National Multiple Sclerosis Society. “It has been rewarding and enlightening for our team members to be involved in the Cycle to the Shore ride to raise money for MS,” says LandSouth president and CEO James Pyle. “We are proud of Team LandSouth for the incredible efforts they put both into fundraising for the National MS Society and in completing the event itself. The team has made a difference in our community and has strengthened their relationships along the way to make LandSouth Construction a better company.”
China may be a world economic powerhouse, but when it comes to the country’s apartment stock, fundamentals have a long way to go. According to a report in AsiaNews, there are 64 million apartments sitting vacant for up to 6 months at any given time. The reason might be a familiar one: Investors looking for a return have ratcheted rent prices far beyond the reach of typical middle-class Chinese families, who traditionally prefer to live in purchased property to begin with. One possible result could be a housing bubble and subsequent collapse that could seriously impact the Chinese economy. In fact, many economists say the problem is not “if” the housing market is a bubble, AsiaNews notes, but “when” it will explode, with some observers believing that time may not be too far off.
Another Dose of Reality
Apparently The Apprentice and Celebrity Apprentice didn’t provide enough of a reality dosage to Donald Trump Jr., who sat in as a guest judge this season on HGTV Design Star, the network’s top-rated design competition show. Trump joined judges Candice Olson of Divine Design, Genevieve Gorder of Dear Genevieve and Vern Yip of of HGTV Urban Oasis during an episode that had contestants designing a bedroom at the 443-unit Trump Plaza Residences Jersey City, which offers one- and two-bedroom condos and, at 55 stories, is the tallest building in the Garden State. “We were thrilled to welcome HGTV and Design Star to our property,” says Jodi Stasse, head of marketing and sales at Stasse & Co., Trump Plaza Residences Jersey City’s exclusive sales agent. “It was a great opportunity to bring Trump Plaza Jersey City to the national stage and to showcase our fantastic location, fabulous amenities, and stunning views.”
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