Midlantic Office Trust, Rockville, Md., has filed a registration statement with the Securities and Exchange Commission for an initial public offering of $225 million in common stock.The company, which has opted for real estate investment trust status, reports that it will invest in office properties in the mid-Atlantic region consisting of Washington D.C., Virginia, Maryland, Pennsylvania, New Jersey, and Delaware. The properties the REIT is targeting typically have up to 400,000 rentable square feet and are located in suburban markets, Midlantic said. Midlantic's SEC registration statement is not yet effective.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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