Industry News

Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for more than a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
Black Knight Financial Services, Inc. reports the following "first look" at June 2016 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. foreclosure pre-sale inventory rate: 1.10% Month-over-month change: -2.57% Year-over-year change: -29.35%. Total U.S. foreclosure starts: 69,300 Month-over-month..."/>
Black Knight Financial Services' First Look at June Mortgage Data: Foreclosure Starts Up for Second Consecutive Month; Prepays Rise on Historically Low Rates
CU Bancorp, the parent company of wholly owned California United Bank, today reported financial results for the second quarter of 2016.. Net income available to common shareholders increased to $6.3 million, up $354 thousand or 6% from the prior quarter Diluted earnings per share of $0.36, up 3% from the prior quarter Return on average tangible common equity of 10.93%, up from 10.75% in prior quarter Return on..."/>
CU Bancorp Reports Record Second Quarter Earnings of $6.6 Million Driven by Record Loan Growth and Revenues
UBS Announces Redemption of Nine ETNs
DDR Corp., a real estate investment trust that owns and manages value-oriented, open-air retail shopping centers, is using OpenText as its central content repository across all its locations in the United..."/>
DDR Corp. Chooses OpenText to Centralize Content throughout the Organization
Summit State Bank today reported net income for the quarter ended June 30, 2016 of $1,254,000 and diluted earnings per share of $0.26. A quarterly dividend of $0.12 per share was declared for common shareholders.. The Board of Directors declared a $0.12 per share quarterly dividend to be paid on August 26, 2016 to shareholders of record on August 18, 2016.."/>
Summit State Bank Reports Net Income for Second Quarter 2016 and Declaration of Dividend
Sun Bancorp, Inc. Recorded negative provision for loan losses of $1.7 million in second quarter due to sustained..."/>
Sun Bancorp, Inc. Announces Second Quarter Earnings: Net Income of $3.0 Million, or $0.16 per Diluted Share; Declares Quarterly Common Cash Dividend of $0.01 - First in Company's History
Pacific Financial Corporation, the holding company for Bank of the Pacific today reported net income increased 28% to $1.8 million, or $0.17 per share, for the second quarter of 2016, compared to $1.4 million, or $0.13 per share for the first quarter of 2016, and grew 11% from $1.6 million, or $0.15 per share, for the second quarter of 2015. For the first six months ended June 30, 2016, net income was $3.1 million, or $0.30 per share, compared to $2.7 million, or..."/>
Pacific Financial Corp. Earnings Grow 17% Year-to-Date; 2Q16 Earnings Increase 11% Year-over-Year; Fueled by Loan Growth, Stable Net Interest Margin and Increases in Noninterest Income
Sotherly Hotels Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $0.095 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2016 to shareholders of record as of September 15, 2016.. About Sotherly Hotels Inc. Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale..."/>
Sotherly Hotels Inc. Announces Increase to Quarterly Dividend
Ellie Mae ®, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today an enhanced integration with First American Title Insurance Company, one of the largest title insurers in the nation, to enable rate and fee quoting, title and settlement..."/>
Ellie Mae Expands Integration with First American Title Insurance Company to Streamline Title and Closing Experience
Yahoo for pounds sterling 3.7 bn. Verizon said the deal will create a company with a billion customers and more than 25 brands. It will merge Yahoo with AOL, for which it paid pounds sterling 3.4 bn last year."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Nasdaq Last Sale to ensure that stock market consumers get the most accurate data, ideas, and real-time stock notifications available, delivered directly to their mobile devices. SparkFin users will benefit from the single largest liquidity pool for US cash-listed equities in a reliable..."/>
Sparkfin to Provide Nasdaq Last Sale Real-Time Market Data
Morgan Stanley today announced that Dennis M. Nally has been elected to the Company’ s Board of Directors, effective October 1, 2016.. Nally, 63, is the former Chairman of PricewaterhouseCoopers International Ltd. Prior to that, he was the Chairman and Senior Partner of the U.S. firm of PricewaterhouseCoopers LLP. James Gorman, Chairman and CEO of Morgan Stanley, said,“ I am very pleased to welcome Mr."/>
Dennis M. Nally Elected to Morgan Stanley Board of Directors
FelCor Lodging Trust Incorporated today reported results for the second quarter ended June 30, 2016.. Same-store RevPAR increased 2.6% over the same period in 2015. Net income was $13.8 million, and net income per share was $0.05. Adjusted FFO per share increased 14% to $0.32 over the same period in 2015. Adjusted EBITDA increased $2.7 million to $72.4 million over the same period in 2015. Selling two hotels for aggregate gross..."/>
FelCor Reports Second Quarter 2016 Earnings
Cumulus Media's 100.7 WLEV and CAT Country 96 are partnering with CareerLink, Sands Casino Resort, the Greater Lehigh Valley Auto Dealers Association, Yocco's and Phillips Pet Food& Supplies for the event."/>
Job fair to be held today at the Lehigh Valley Mall [The Morning Call (Allentown, Pa.)]
Medical Properties Trust, Inc. today announced it will host a conference call and webcast on Thursday, August 4, 2016 at 11:00 a.m. Eastern Time to discuss the company’ s second quarter 2016 financial results. A press release with second quarter 2016 financial results will be issued before the market opens on August 4, 2016.. The dial-in numbers for the conference call are 855-365-5214 and 440-996-5721; both numbers require passcode 48570788."/>
Medical Properties Trust, Inc. Announces Second Quarter 2016 Financial Results Conference Call and Webcast
Triangle Capital Corporation today announced that it has priced an underwritten public offering of 6,250,000 shares of common stock. The public offering price was set at $19.90 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, are expected to be approximately $119.6 million. The Company intends to use the net proceeds of this public offering to make..."/>
Triangle Capital Corporation Announces Pricing of Public Offering of Common Stock

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