SL Green Realty Corp., New York, has priced a public offering of 1.8 million shares of common stock at $42.33 per share.The company said it plans to use the proceeds to pay down its unsecured revolving credit facility and provide greater liquidity for possible investments. The underwriters have been granted an option to buy up to 270,000 additional shares of the stock to cover any overallotments. Citigroup is the sole book-running manager for the offering. SL Green, a real estate investment trust, can be found online at http://www.slgreen.com.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28