Jay H. Shah has been named president and chief operating officer of Hersha Hospitality Trust, Harrisburg, Pa.The real estate investment trust said Mr. Shah will play a key role in its acquisition program, which is focused on three- and four-star hotels in selected markets between Boston and Washington that have high barriers to new competition. Mr. Shah was previously a managing director of the Hersha Group, which develops, owns, and manages hotels in the Northeast. He is the founder and former principal of Shah & Byler LLP, a boutique real estate and construction law firm based in Philadelphia. The REIT can be found online at http://www.hersha.com.
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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.
July 7 -
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.
July 7 -
The Aspire business reported $2.1 billion of lock volume, up 32% from the first quarter, but total production at the REIT fell to $8 billion from $8.5 billion.
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