John Biallas has been appointed chief operating officer of Dividend Capital Total Realty Trust, a Denver-based real estate investment trust, and Jim Giuliano has been named to replace him as chief financial officer and treasurer.Before joining the company, Mr. Biallas was senior financial officer at Ameriton Properties Inc., a multifamily real estate investment subsidiary of Archstone-Smith Trust, Dividend Capital said. He also held executive posts at Security Capital Group related to that company's real estate affiliates. Before joining Dividend Capital, Mr. Giuliano was executive vice president and CFO of Empire Cos., an Ontario, Calif.-based developer. He was previously principal financial officer for operations of the Simon Property Group, a retail REIT.
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Whereas AI can supercharge returns on investment in fulfillment and databases, the tech may also replace your entire staff, experts warned.
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The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.
1h ago -
Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
September 17 -
The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
September 17 -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
September 17