Craig Macnab has been named chief executive officer of Commercial Net Lease Realty Inc., an equity real estate investment trust based in Orlando, Fla.Mr. Macnab succeeds James M. Seneff Jr., who has served as CEO of the REIT since 1992. Mr. Seneff will retain his title of chairman of the board. Mr. Macnab was previously CEO of JDN Realty Corp. in Atlanta. Commercial Net Lease Realty can be found on the Web at http://www.cnlreit.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.
