In partnership with the Department of the Army, GMH Communities Trust of Newtown Square, Pa. will design, build, manage and maintain military housing units in Fort Bliss, El Paso, Texas and the White Sands Missile Range near Las Cruces, New Mexico.The initial six-year development period project costs at approximately $445 million. GMH said it has been selected by the Army to finalize plans for the 50-year term Fort Bliss and White Sands project. It is operated following the 1996 Congressionally authorized "Military Housing Privatization Initiative" through the Department of Defense and the Department of the Army.
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Malhotra joins the home finance giant after previously helping launch platforms to provide generative AI enterprise solutions and founding a technology research lab at the global multinational firm.
May 6 -
The reverse-mortgage lender saw a quarterly loss but expects originations to increase 10% in the second quarter, as it attempts to address high-yield debt concerns.
May 6 -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
Mike Kortas, CEO of NEXA, alleges he fired his former co-owner, Mat Grella, because he added himself as a "new manager" of the company in a filed amendment to the company's articles of organization.
May 6 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Ex-CEO Michael Strauss used the lender's bank various accounts to pay for his own expenses, a trustee for the failed lender claims.
May 6