Charles K. Barbo, chairman and chief executive officer of Shurgard Storage Centers Inc., a Seattle-based real estate investment trust, has announced that he will step down as CEO at the end of the year but retain his title as chairman.Mr. Barbo, the founder of Shurgard, will be succeeded as CEO by David K. Grant, the REIT's president and chief operating officer. Mr. Grant will hold the titles of president and CEO when he steps into his new role on Jan. 1, 2006. Mr. Grant was Shurgard's European president from 1996 to 2003.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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