Stephen Budorick, Paul Layne, and Douglas Winshall have been promoted to executive vice presidents at Trizec Properties Inc., a Chicago-based real estate investment trust.Mr. Budorick, based in Chicago, has held overall management responsibilities since 1998 for Trizec's 15 million-square-foot portfolio of properties in the company's Central Region. Mr. Layne, based in Houston, has overseen the REIT's 16 million-square-foot portfolio in the Western Region, chiefly in Texas and California. Mr. Winshall, based in New York, has exercised responsibility over Trizec's 15 million-square-foot portfolio in the Eastern Region, which includes New York and metropolitan Washington, D.C. The REIT said the trio, previously senior vice presidents, will retain their current regional responsibilities. Trizec can be found on the Web at http://www.trz.com.
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Dream Finders Homes made its intentions public in an effort to push for shareholder approval following Beazer's rejection of two prior offers.
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Market watchers say that the economy as a whole is holding up under higher energy prices and do not expect a recession. Even so, observers are watching financial markets and consumer spending for signs that inflation expectations are taking hold.
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Prices rose 0.32% last month on a seasonally adjusted basis, equal to a 3.9% annualized rate, according to ICE Mortgage Technology's mortgage monitor report.
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Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases.
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While those electing cash could receive $12.50 per share, UWM's all-stock alternative remains unchanged from the company's initial agreement for Two Harbors.
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The changes include clearer and revamped questions and updated requirements for criminal, regulatory and financial disclosures, the CSBS said.
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