The board of directors of Jones Lang LaSalle Inc. has announced the resignation of Christopher A. Peacock from the board and as the company's president and chief executive officer.Board chairman Stuart L. Scott will assume the role of interim CEO until a global search produces a permanent replacement, the company said. Jones Lang said it had accepted the resignation "with regret" and that Mr. Peacock had resigned to spend more time with his family. He served as chairman and CEO of Jones Lang LaSalle from 1999 to 2002, and as CEO of LaSalle Partners from 1990 until its merger with Jones Lang Wootton in 1999, the company said. He will continue to serve Jones Lang LaSalle on a consulting basis. The company, an international property services firm headquartered in Chicago, London, and Singapore, can be found online at http://www.joneslanglasalle.com.
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Fathom Holdings acquired START Real Estate to expand its first-time homebuyer program, the company announced Thursday.
October 16 -
Noninterest income at the Minneapolis-based company jumped more than 10% during the third quarter, while asset quality improved and expenses held steady. "Our focus is very much on organic growth," said CEO Gunjan Kedia.
October 16 -
Observers believe the government shutdown and lack of data is keeping mortgage rates in the same narrow range, as investors have issues reading the tea leaves.
October 16 -
The Detroit-based mortgage bank's announcement trailed competitors' by over two weeks, but is taking a more aggressive risk-reward stance on the limit.
October 16 -
Despite the decrease, average profit margins approached 50%, as the lock-in effect continues to stymie inventory growth and keep home values elevated.
October 16 -
The head of the government-sponsored enterprises' oversight agency also asked existing investors to review risk factors as officials eye a new public offering.
October 15