Gregory T. Mutz, chairman of AMLI Residential Properties Trust, Chicago, will resume the position of chief executive officer of the real estate investment trust, AMLI has announced.Mr. Mutz co-founded AMLI's predecessor company more than 20 years ago and served as its CEO from its initial public offering in 1994 to 1998, the REIT said. He joined UICI, a financial services company, in 1998 and served as its president and CEO until last year. Allan J. Sweet, who has been co-CEO of AMLI with Philip N. Tague, will continue as AMLI's president. Mr. Tague will continue as the company's executive vice president and chairman of AMLI Residential Construction. The REIT can be found online at http://www.amli.com.
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Five years after the Champlain Towers South collapse, while overall condo sales have held steady, the Miami market has had an 8 percentage point drop in share.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The bipartisan legislation aimed at reducing barriers to new home construction, which included certain community bank riders, passed the lower chamber by a 358-32 vote.
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Tech companies may be the biggest winners of a custodial deposit provision tucked away in a much-touted bipartisan housing bill set to become law this week.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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