Douglas J. Donatelli has been named chairman of the board and chief executive officer of First Potomac Realty Trust, a real estate investment trust based in Bethesda, Md.Mr. Donatelli will succeed Louis T. Donatelli, who will continue to serve as a trustee, the industrial and flex-property REIT said. Douglas Donatelli has been president, CEO, and trustee of the company since its founding in 1997. The REIT said its portfolio now contains 70 properties totaling 11.2 million square feet.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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