New York-based iStar Financial Inc. has priced $800 million of convertible senior floating-rate notes due 2012.The notes will bear interest at 0.50% above the three-month London interbank offered rate, iStar said. The joint book-running managers for the offering are Citi and JPMorgan. The commercial real estate finance company can be found online at http://www.istarfinancial.com.
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.
Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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.
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.
Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
