Brandywine Realty Trust, Plymouth Meeting, Pa., has announced the completion of a sale of 7.75 million shares of common stock to Citigroup Global Markets Inc.The net proceeds of $217.1 million will be used to fund a portion of the company's pending acquisition of The Rubenstein Co. LP, Brandywine said. Brandywine, an office and industrial real estate investment trust, can be found on the Web at http://www.brandywinerealty.com.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
