Nationwide Health Properties Inc., a real estate investment trust based in Newport Beach, Calif., has priced $300 million of 6.25% notes due Feb. 1, 2013, at 99.941.NHP said it plans to use the estimated $297 million in net proceeds to repay debt and for general corporate purposes. UBS Securities LLC, J.P. Morgan Securities Inc., and Banc of America Securities LLC were the joint book-running managers of the offering. The REIT can be found on the Web at http://www.nhp-reit.com.
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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.
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Low immigration and fertility rates paired with aging boomers could weaken the foundation of housing demand over the next decade, the MBA finds.
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The notice of proposed rulemaking promotes manufactured housing loans backed by personal property while advising the rollback of requirements in other areas.
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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.
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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.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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