The 7,500-square-foot addition to Blanchard’s Liquors headquarters, located at 314 LaGrange St. in West Roxbury, has been completed, and renovations have begun on the facility’s existing 9,500-square-foot retail and office space.

Richard White of Chestnut Hill and Linda Romano of West Newton were honored recently at The Village Bank in Auburndale. White was the recipient of the 2008 President’s Award, and Romano received the Service Excellence Award in recognition of outstanding performance.

The Market Composite Index, a measure of mortgage loan application volume, was 1245.7, essentially unchanged, on a seasonally adjusted basis from 1245.4 one week earlier, according to the latest Mortgage Bankers Association weekly mortgage applications survey for the week ending Dec. 26.

Effective Jan. 1, Carolyn Tiffany will be appointed as president of Boston-based real estate investment trust Winthrop Realty Trust.

Now that Fannie Mae and Freddie Mac have taken steps to improve appraisal quality by establishing the revised Home Valuation Code of Conduct (Appraisal Code), the nation’s largest organizations of professional real estate appraisers – the American Society of Appraisers, the Appraisal Institute, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers – suggest lenders set their policies to use the most competent appraisers available.