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Crain's Chicago Business, August, 1999

NEW HOME SALES SET RECORD IN 2ND QTR. Sales of new homes in the Chicago area hit a record-setting pace through the first half of 1999, according to Schaumburg-based housing consultant Tracy Cross & Associates Inc. Sales on new homes increased to 6,684 units, eclipsing by 4.4% the previous record of 6,400, set in 1999's first quarter.

Second-quarter sales were up 9.8% compared with the same period last year. LAZARD FRERES TAPS CHICAGO OFFICE CHIEF John Adams is the new Chicago office chief for New York-based investment bank Lazard Freres & Co. LLC. He previously served as a chief investment banker in the Chicago office of Morgan Stanley Dean Witter & Co., a New York-based Lazard rival. Mr. Adams will become a managing director, a position he held at...

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