BPG Properties Ltd., a Philadelphia-based real estate fund manager, has closed BPG Investment Partnership VIII LP, its largest private equity fund, with a total equity commitment of $850 million.BPG said the fund will invest in office, multifamily, industrial, and retail properties throughout the United States. "With our track record of strong returns and our demonstrated staying power, over 90% of our existing investors committed to our latest offering, and we quickly developed a waiting list of new investors who wanted to invest in the fund," said Daniel M. DiLella, president and chief executive officer of BPG Properties. The company can be found online at http://www.bpgltd.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11