Foreclosure rate rises in October
Prince George’s County, which typically has the state’s highest home foreclosure filing rate, slipped to second in October.
Still, the county’s rate of one filing per 678 households was up 15.2 percent from September and 33.7 percent from October 2011, according to new data from RealtyTrac of Irvine, Calif.
Charles County had the highest rate in the state last month, with one filing per 579 households.
The statewide rate last month rose 19.8 percent from September and 27.1 percent from October 2011.
With one filing per 1,562 households, the state’s rate was less than half the national average of one per 706 households. The national rate was up 3.3 percent from September, but down 19.2 percent from a year earlier.
Court upholds labor ruling against Upper Marlboro company
Union workers with an Upper Marlboro cleaning company scored a victory recently when a federal appeals court upheld findings by the National Labor Relations Board against Daycon Products.
The board had ruled that Daycon unlawfully implemented a contract that was not approved by the union and failed to reinstate workers who offered to return after they went on strike more than two years ago. The U.S. Court of Appeals for the D.C. Circuit in early November found that the board’s findings against Daycon were “supported by substantial evidence in the record,” according to court documents. The court denied Daycon’s request for it to review the case and granted the labor board’s application for enforcement.
Employees for Daycon went on strike in April 2010 following several months of negotiations over a new wage contract between representatives of the company and the Drivers, Chauffeurs and Helpers Local Union 639, which is affiliated with the International Brotherhood of Teamsters. Daycon then hired replacement employees, subcontracted out work and refused to rehire striking workers who offered to return to work in July 2010, the board said.
In September 2011, the labor board, an independent federal agency formed in 1934, found that Daycon violated the federal labor relations act by implementing its own contract in April 2010; refusing to reinstate workers who offered to return; and by subcontracting work on repairing snow-throwing machines. The board ordered Daycon to reinstate all striking workers and reimburse them for losses, as well as resume contract negotiations.
Laurel apartment complex sells for $27.94M
Westgate DNB Associates, a subsidiary of Geller Associates of Roseland, N.J., acquired Westgate of Laurel, a 218-unit apartment complex, for $27.94 million or $128,178 per unit from Westgate Apartment Investors.
Built in 1964, the units at the 201,704-square-foot complex were updated by Westgate Apartment Investors, with higher-end elements from windows to kitchen finishes, according to broker CBRE in Washington, D.C.
The complex was about 93 percent occupied at closing, according to CBRE.
Bozzuto names new senior vice president
Bozzuto Management, part of the Bozzuto Group in Greenbelt, has named Stephanie L. Williams its senior vice president of planning and advisory services.
Williams will provide advisory services for marketing and managing multifamily properties under development, and coordinate due diligence efforts on new management opportunities, according to a Bozzuto statement.
Williams, formerly development manager for Bozzuto Development, joined the Bozzuto Group in 2004.
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