CarrAmerica Realty Corp., Washington, has priced 7 million shares of 7.5% series E cumulative redeemable preferred stock at $25 per share.The company said the underwriters have been granted a 30-day option to buy up to 1.05 million additional shares to cover any overallotments. The joint book-running managers for the offering were Goldman, Sachs & Co. and Wachovia Capital Markets LLC. CarrAmerica, which owns, operates, and develops office properties in 12 markets around the country, can be found on the Web at http://www.carramerica.com.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
July 7 -
The HomeSafe Second product is now available in more than one third of all states, according to the reverse mortgage specialist.
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The Department of Housing and Urban Development agreed to do more to manage due-and-payable obligations contingent on the availability of certain resources.
July 7 -
The ex-housing official is returning to a previous employer with the aim of helping guide the firm through an evolving landscape in federal policy.
July 7 -
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
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