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Century Communities to Expand Jacksonville Presence With Land Deal in Clay County, FL
Prnewswire· 2025-09-18 20:56
Core Insights - Century Communities, Inc. has announced a new development project for 170 single-family homes in Green Cove Springs, a rapidly growing area in the Jacksonville region [1][2][3] - The new community, named Asbury Creek, is expected to begin sales in mid-2026 and will feature amenities such as a pavilion, playground, and multi-use field, with no Community Development District (CDD) fees [2][3][7] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies for three consecutive years [6][8] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [6][8] Development Details - The Asbury Creek community will be located off Henley Road, close to downtown Green Cove Springs, Fleming Island, and Middleburg, with convenient access to downtown Jacksonville via the First Coast Expressway [2][7] - The planned amenities aim to enhance the living experience for future residents, contributing to the community's appeal [2][7]
Petrobras Approves Brazil's First CCS Pilot Project in Macae
ZACKS· 2025-09-18 14:26
Core Insights - Petrobras has approved the São Tomé CCS Pilot Project, marking Brazil's first carbon capture and storage initiative, with operations set to begin in 2028 and aiming to capture and store up to 100,000 tons of CO2 annually for three years, supporting Brazil's carbon neutrality goal by 2050 [1][9]. Strategic Importance - The São Tomé CCS Pilot is a key element in Petrobras' decarbonization strategy, directly aligning with Brazil's national climate agenda and the company's target of achieving net-zero emissions by 2050 [2]. - The project utilizes Petrobras' extensive offshore technology expertise for CO2 capture, transportation, and geological storage in deep saline formations [2]. Project Location and Geological Suitability - The project will be located in Barra do Furado, Quissamã, chosen for its geological characteristics that favor safe and permanent CO2 storage in saline aquifers, recognized for their long-term stability and minimal environmental impact [3]. CCS Value Chain Integration - The project encompasses the entire CCS value chain, including advanced CO2 capture technologies, dedicated transport pipelines, and deep subsurface injection, allowing Petrobras to test operations in a real-world environment and develop regulatory frameworks for future projects [4]. Regulatory Oversight - The São Tomé CCS Pilot is under the supervision of key regulatory bodies, ensuring adherence to safety and environmental standards, while also serving as a testing ground for legal frameworks for future commercial-scale CCS projects [5][6]. Technological Innovation - The project will employ innovative monitoring technologies to track CO2 movement with high precision, including seismic imaging and subsurface monitoring systems, which will provide critical data for validating geological carbon storage [7][8]. National and Global Learning Platform - The pilot project is designed to be a learning platform for Brazil, expected to train local engineers and geoscientists in CCS technologies and provide valuable data for research institutions [10][11]. Alignment with International Standards - The project aligns with global environmental protocols and climate strategies, positioning Brazil alongside countries like Norway, Canada, and the United States in implementing similar storage technologies [12]. Future Industrial Decarbonization - The pilot could serve as a model for future CCS hubs that aggregate emissions from various industrial sources, enhancing Brazil's role in global climate solutions [13]. Conclusion - The São Tomé CCS Pilot represents a significant milestone for Petrobras and Brazil's energy transition, integrating the full CCS value chain and setting a benchmark for climate action in the Global South, as Petrobras evolves into a climate technology leader [14].
Century Communities Announces September Grand Opening in Murrieta, CA
Prnewswire· 2025-09-17 14:00
Core Insights - Century Communities, Inc. is set to open Rustic Meadows, a new community in Murrieta, California, featuring 153 two-story condominiums with attached garages [1][3] - The Grand Opening event is scheduled for September 20, 2025, and will include tours of model homes, complimentary food, and live music [2][5] Company Overview - Century Communities is recognized as a leading national homebuilder and an industry leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek [1][8] - The company operates in 16 states and over 45 markets across the U.S., offering a range of services including mortgage, title, insurance brokerage, and escrow services [8] Product Details - Rustic Meadows will offer condominiums with floor plans up to 1,994 square feet and up to four bedrooms, featuring modern finishes such as quartz countertops and stainless-steel appliances [3][6] - Each residence will include smart home technology through the Century Home Connect package, enhancing the living experience [3][6] Amenities - The community will feature resort-style amenities including a pool, clubhouse, dog park, playgrounds, and outdoor seating areas designed for relaxation and recreation [4][6] - The location provides convenient access to major highways (I-15 and I-215) and is in proximity to schools, shopping, and dining options [6]
CENTURY COMMUNITIES SELECTS LG ELECTRONICS AS NATIONAL APPLIANCE PARTNER
Prnewswire· 2025-09-16 10:00
Core Insights - Century Communities Inc. has partnered with LG Electronics USA to become its national appliance supplier, focusing on delivering quality and reliable home appliances to new homes across the United States over the next four years [1][2][3] Company Overview - Century Communities is recognized as one of the nation's largest homebuilders and a leader in online home sales, having been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [5][7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [8] Partnership Details - The collaboration will introduce LG's ENERGY STAR® certified kitchen and laundry appliances to Century Communities' brands, which include Century Communities and Century Complete [2][3] - The partnership is set to commence in Q4 2025, aiming to enhance the homebuying experience with reliable and innovative appliances [3][4] Product Offering - LG will supply a core line of appliances, including refrigerators, ranges, dishwashers, washers, and dryers, known for their cutting-edge design and dependable performance [3][4] - LG Pro Builder division will also provide access to a broader portfolio of builder-centric products beyond appliances, such as advanced HVAC systems and heat pump water heaters [6][10] Market Position - LG Electronics is recognized as America's 1 appliance brand, with a strong reputation for reliability and quality, contributing to homeowner satisfaction [5][9] - Century Communities has established itself as a top 10 homebuilder, emphasizing customer service and quality construction [5]
Century Communities to Host Grand Opening at Golf Course Adjacent Community in Colorado
Prnewswire· 2025-09-10 15:17
Core Insights - Century Communities, Inc. is set to open Coyote Creek in Fort Lupton, Colorado, offering affordable single-family homes adjacent to an 18-hole golf course [1][3] - The Grand Opening celebration is scheduled for September 13, featuring a model home tour and prize giveaways [2][4] - The community will feature various floor plans, including two-story homes with up to 4 bedrooms and 2,095 square feet [6][7] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's Most Trustworthy Companies for three consecutive years [6][7] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, and insurance brokerage [7] - The mission of Century Communities is to build high-quality homes at affordable prices, appealing to a diverse range of homebuyers [7]
Century Communities Celebrates Grand Opening Event in Mountain House, CA
Prnewswire· 2025-09-08 22:03
Core Insights - Century Communities, Inc. has launched a new community called Lotus at Lakeshore in Mountain House, California, featuring two-story homes and various community amenities [1][2][3] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's and the World's Most Trustworthy Companies by Newsweek [1][10] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [10] Product Offering - Lotus at Lakeshore features two-story floor plans with 3 to 5 bedrooms, 2.5 to 4 bathrooms, and sizes ranging from 2,451 to 2,750 square feet [7] - Homes include modern features such as quartz countertops and a smart home package, with open-concept layouts and versatile spaces [7] Community Features - The community offers access to amenities like lakeside trails, parks, a community center, a library, and neighborhood schools, enhancing the quality of life for residents [2][7] - The location provides convenient access to major highways (I-580 and I-205), making it ideal for commuters to the Bay Area and Central Valley [7] Sales and Marketing Strategy - Century Communities emphasizes an online homebuying experience, allowing customers to purchase homes electronically through a streamlined process [5][8] - The pricing for homes in Lotus at Lakeshore starts from the high $900s [4]
Century Communities Announces Pricing of Private Offering of $500 Million of Senior Notes due 2033
Prnewswire· 2025-09-03 23:02
Core Viewpoint - Century Communities, Inc. has announced a private offering of $500 million in Senior Notes with an interest rate of 6.625%, aimed at refinancing existing debt [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 6.625% Senior Notes due 2033, guaranteed by the company's subsidiaries [1]. - The Notes will be sold at a price of 100% of the principal amount [1]. - The expected closing date for the offering is September 17, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The company anticipates net proceeds of approximately $494 million after deducting initial purchasers' discounts and other estimated fees [3]. - The net proceeds will be used, along with cash on hand, to finance the redemption of all $500 million of its 6.750% Senior Notes due 2027 [3]. Group 3: Company Overview - Century Communities is one of the largest homebuilders in the U.S., recognized for its online home sales and has received accolades for trustworthiness and workplace quality [6]. - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services [6].
Century Communities Announces Launch of Private Offering of $500 Million of Senior Notes due 2033 and Conditional Redemption of 6.750% Senior Notes due 2027
Prnewswire· 2025-09-03 11:38
Core Viewpoint - Century Communities, Inc. has launched a private offering of $500 million in new Senior Notes due 2033 to qualified institutional buyers and certain non-U.S. persons, aiming to redeem its existing 2027 Senior Notes [1][3]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of new Senior Notes due 2033 [1]. - The pricing and terms of the Notes are contingent on market conditions [2]. - The Notes will be guaranteed on an unsecured senior basis by certain current and future subsidiaries of the Company [2]. Group 2: Use of Proceeds - The net proceeds from the Offering, along with cash on hand, will be used to redeem all $500 million of the Company's 6.750% Senior Notes due 2027 [3]. - The redemption of the 2027 Senior Notes is scheduled for October 3, 2025, at a price equal to 100% of the principal amount plus accrued interest [6]. Group 3: Redemption Conditions - The obligation to redeem the 2027 Senior Notes is conditional upon the successful completion of the Offering [6]. - If the conditions are not met, the redemption will be revoked, and the 2027 Senior Notes will remain outstanding [6]. Group 4: Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S. and is recognized for its online home sales [8]. - The Company operates in 16 states and over 45 markets, providing a range of services including mortgage and insurance [8]. - It has received accolades such as being named one of America's Most Trustworthy Companies for three consecutive years [8].
Century Communities to Host Grand Opening This Weekend in Flowery Branch, GA
Prnewswire· 2025-08-28 13:00
Core Insights - Century Communities, Inc. is launching a new townhome community named Sherwood Square in Flowery Branch, GA, featuring low-maintenance living and various amenities [1][3] - The Grand Opening event will take place on August 28, 2025, showcasing the community's model home and offering savings opportunities [1][2] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, having been named one of America's and the World's Most Trustworthy Companies by Newsweek [1][9] - The company operates in 16 states and over 45 markets, providing a range of services including mortgage, title, and insurance brokerage [9] Community Features - Sherwood Square will include over 200 townhomes with spacious two-story layouts, featuring 3 bedrooms, 2.5 bathrooms, and up to 1,855 square feet [6] - The community will offer resort-style amenities such as a clubhouse, pool, playground, and pickleball court, along with quick access to local attractions [3][6] Pricing and Sales - Townhomes in Sherwood Square are priced from the high $300s [4] - The company promotes an online homebuying experience, allowing customers to purchase homes directly through their website [4][8]
Stocks to Watch for a Rebound Amid September Rate Cut Hopes
ZACKS· 2025-08-25 22:36
Core Viewpoint - Investor sentiment is high due to the potential for a Federal Reserve rate cut, which could benefit several stocks across consumer discretionary, construction, and tech sectors [1]. Group 1: Comcast (CMCSA) - Comcast has over $95 billion in long-term debt, making it sensitive to interest rate changes, which could lower refinancing costs [2]. - The stock is near its 52-week low of around $31, and lower interest expenses could enhance cash for buybacks, dividends, and strategic investments [3]. - Comcast has exceeded the Zacks EPS Consensus for 34 consecutive quarters and trades under 8X forward earnings, offering a 3.87% annual dividend yield [4]. Group 2: Century Communities (CCS) - Lower interest rates can reduce mortgage costs, potentially increasing housing demand, benefiting Century Communities as a homebuilder [7]. - The stock is currently 40% below its 52-week high of $108 and trades at a reasonable 12.5X forward earnings multiple, with a 1X forward sales ratio [8]. - Century Communities introduced dividends in 2021, with a payout ratio under 15%, indicating financial stability and commitment to returning capital to shareholders [9]. Group 3: Tech Stocks (ADBE & INTC) - Lower rates can boost discretionary spending, improving valuations for growth-oriented tech firms like Adobe and Intel [13]. - Adobe is focusing on AI and mobile expansion, with its stock trading 38% below its 52-week peak of $587 [14]. - Intel, after a challenging year with a loss of $18.8 billion, is positioned to benefit from lower borrowing costs and has received a 10% stake from the U.S. government through the CHIPS Act [15].