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UWM escalates bidding war for TWO with $12 offer, open letter to shareholders

UWM Holdings Corp. is pressing its campaign to acquire Two Harbors Investment Corp. (TWO), issuing an open letter to the seller shareholders Thursday evening that details a sweetened proposal that valued the real estate investment trust (REIT) at $12 per share, positioning the bid as superior to the pending sale to CrossCountry Intermediate Holdco. UWM…

Tanya Reu-Narvaez named chief people officer at Compass International Holdings

Tanya Reu-Narvaez, a 24-year veteran of Anywhere Real Estate, has been named chief people officer of Compass International Holdings (CIH), parent company of Compass, Anywhere Real Estate and @properties Christie’s International Real Estate, according to an announcement on Friday. Reu-Narvaez will lead the People Enablement Team for CIH. She’ll oversee enterprise talent strategy, including total…

Colorado lawmakers act to reality-check Prop 123 housing targets

Nearly four years ago, Colorado voters approved a special fund to address the affordable housing crisis following Covid-19. Meeting the fund’s objectives, however, proved harder for participating cities than expected. State legislators are now scrambling to fix that. The Senate passed House Bill 1313 on Thursday with amendments. It is headed back to the House,…