‘News’

Celebrating Milestone Anniversaries

Friday, June 24th, 2011

Celebrating Milestone Anniversaries

Herman Walldorf & Co., Inc. Establishes Separate Corporation

Friday, April 1st, 2011

Herman Walldorf & Co., Inc., Chattanooga’s oldest family name in the real estate business dating back to 1926, announces that its two divisions–residential and commercial–have become separate corporations.  The newly formed Herman Walldorf Commercial, Inc. will offer exclusively commercial real estate services while Herman Walldorf & Co., Inc. will offer exclusively residential services.

Read more . . .

Amazon Deal Finalized

Tuesday, January 4th, 2011

The world’s biggest Internet retailer is ready to set up shop in Hamilton and Bradley counties.

With plans to hire several thousand people and inject at least $64 million in annual payroll into the area, Amazon.com on Monday officially agreed to build two huge distribution centers in Southeast Tennessee.

Read more . . .

Whirlpool Announces $120 Million Expansion

Thursday, September 2nd, 2010

CLEVELAND, TN:  Whirlpool employee Cheryl Johnston said the company’s biggest-ever plant project will give her something few workers have these days–job security.  “It’s going to keep us all working,” she said after Whirlpool unveiled plans to build a $120 million plant in Bradley County.

Read More . . .

City Top Pick for Growth

Monday, August 16th, 2010

Chattanooga is ranked No. 1 in the country for metro economic growth potential by a national business magazine, outpacing such go-go cities as Charlotte and San Antonio.

Citing the auto and poly crystalline silicon industries the region has attracted by landing Volkswagen and Wacker Chemical, Business Facilities magazine made the area its top pick.

Read more . . .

Herman Walldorf & Co., Inc. Sells Tract for Luxury Apartments

Monday, August 2nd, 2010

City Green at Northshore Announced

282 Luxury Apartments Near Downtown

In July, 2010, the sale was closed for the 26-acre tract of ground located off US-27 and bounded by Signal Mountain Boulevard and Dayton Boulevard.  The purchase price was $990,068.  The sale was brokered by Rudy Walldorf, CCIM, of Herman Walldorf & Co., Inc. who commented, “I can remember walking this parcel with Bob Corker (now Senator Corker) around 30 years ago.”

Read More . . .

Alstom brings jobs, energy as it powers up for nation’s nuclear resurgence

Monday, June 21st, 2010

With completion of a new “flagship” Chattanooga factory, Alstom executives say they’re ready to make the world’s largest steam and gas turbines for power plants as the company prepares for America’s nuclear revival.

“This is the latest and biggest,” Stephen Cai, managing director of the turbine facility, said of the sprawling 350,000 square foot factory built on the Tennessee River near downtown.  “This is the flagship.”

Already the $300 million plant on Riverfront Parkway has a two-year backlog of business retrofitting power plant components, Mr. Cai said.

Read More . . .

Walldorf Home featured on the Today Show

Friday, October 2nd, 2009

Visit msnbc.com for Breaking News, World News, and News about the Economy

Realty Times – August 3, 2009

Monday, August 3rd, 2009

Are today’s homes undervalued?

Yes, but it may take 3 years – just like prognosticators are saying about the stock market – to come back to early 2008 levels. Nationally, the median house price has dropped 14% from a year ago, but has stabilized. “It is safe to say we have reached the point where prices are justified by the fundamentals of the economy and may even represent an undervaluation” says chief economist Lawrence Yun of the National Association of Realtors. The Wall Street Journals’ headline Saturday, August 1, proclaimed the end of the national housing slump and the gradual rise of home prices and activity.

Read more …

Replacing your heat/air units soon?

Friday, July 24th, 2009

Here’s what you need to know about “green future” which will help the resale of your home complements of Housemaster’s inspection newsletter:

A milestone in a planned 30-year international phaseout of environmentally sensitive refrigerants used in residential air conditioners and heat pumps occurs in six months. After January 1, 2010, manufacturers of air conditioners and heat pumps can no longer produce equipment that uses the refrigerant R-22, which is commonly know by the brand name Freon®.

Because of this pending deadline, there is a lot of misunderstanding among contractors and homeowners about the future status of systems currently in homes that use R-22. Most affected will be homeowners needing to repair a malfunctioning system or contemplating replacement of an older system. Before making a decision on the remedial options available to them, homeowners should be aware that contrary to the impressions they may have been given by HVAC salesman or service technicians, it will still be possible to service and repair many older R-22 systems for years to come.

While the phaseout requirements only allow refrigerant manufacturers to produce R-22 for use in new equipment until 2010, they can continue production of a regulated amount of R-22 until 2020 for use in the servicing and repair of existing R-22 equipment. It is not until 2020 that the production of R-22 will cease and subsequent servicing of R-22 based systems will have to rely solely on stockpiled or reclaimed and recycled refrigerant.

In anticipation of this phaseout, some manufacturers began manufacturing equipment that uses a new type of refrigerant several years ago. But given the extended phaseout schedule, it is expected that R-22 should continue to be available for servicing for all equipment that requires R-22 for another 10-15 years, which will at least match the typical maximum service life of most air conditioning and heat pump systems. So while manufacturers will not be able to make equipment that uses R-22 after January 1, 2010, the refrigerant will still be available in the near future for servicing of existing equipment.

Between the R-22 phaseout and recently implemented new minimum energy efficiency requirements, however, salespeople and service technicians will be pushing for all new equipment whenever significant repair needs exist or the equipment is old. Ultimately, the best approach in each situation though, will depend on a number of factors including: the cost of repair versus replacement, the age and efficiency of your equipment, you future occupancy plans, and your approach to protecting the environment.

To help address questions you may have about the phase out of R-22, review information the U.S. Environmental Protection Agency and Heating, Refrigeration and air Conditioning Institute of Canada have posted on their websites. Particularly helpful may be a listing of FAQ for consumers issued by EPA.

Remember, these tips are only general guidelines. Since each situation is different, contact a professional if you have questions about a specific issue. More home safety and maintenance information is available online at www.housemaster.com. Copyright © DBR Franchising, LLC.