SL Green Realty Corp., a New York-based real estate investment trust, has priced a public offering of 2.5 million shares of common stock, for estimated net proceeds of $269.4 million.The office REIT said it plans to use the proceeds to fund future investment activity and pay down its credit facility. Lehman Brothers, the sole underwriter for the offering, has been granted an option to buy up to 250,000 additional shares of the stock to cover any overallotments. SL Green can be found online at http://www.slgreen.com.
-
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
1h ago -
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
2h ago -
While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
9h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
11h ago -
Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
April 23 -
The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
April 23