CenterPoint Properties Trust, a real estate investment trust based in Oak Brook, Ill., has announced the termination of Paul T. Ahern, who had been on administrative leave from his position as executive vice president and chief operating officer of the REIT since April 15.CenterPoint gave no reason for the termination. The company also announced the promotions of Sean P. Maher to executive vice president for portfolio operations and of Neil P. Doyle to senior vice president for development. Mr. Maher was previously a senior vice president, and joined the REIT as vice president of investments in 1997. Mr. Doyle also joined the company in 1997 and became vice president for development in 1998. The REIT can be found online at http://www.centerpoint-prop.com.
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A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
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