03/10/05: Congress is expected to pass legislation that will make it harder for citizens to declare personal bankruptcy. As a practical matter this law makes a lot of sense. Why should there be an easy way out of one's responsibilities if they've overindulged? This law is not designed to punish people under duress due to medical problems and the like. However, how this will translate into economic success remains to be seen. For example, much of the economy's growth over the last three years has been sustained by consumer spending. This has been a windfall for major department stores, automobile manufacturers and many other industries directly related to easy credit. Although many of these sales are offset by bad debt on the balance sheet, there is no denying that the new law will impede overspending by those who are irresponsible. The major proponents of the bankruptcy bill are in fact the credit card companies and department store chains. It will be interesting to revisit their balance sheets in a few years to see if they got what they wished for.

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	GE COMMERCIAL FINANCE REAL ESTATE (CHICAGO) The firm has promoted Kevin Baradziej to associate director, moving him up from his prior role as senior financial analyst in the specialized industries group. He will now work in the vacation ownership finance area.
	HILTON HOTELS CORP. (BEVERLY HILLS, CA) Timothy Powell has been promoted to director of franchise development. Powell, who has been at Hilton since 1981, will run franchise development for the Western region.

	GE COMMERCIAL FINANCE REAL ESTATE (CHICAGO) Josh Hatfield has been tapped as relationship manager at the firm. He was most recently an account executive at Extraprise Group Inc. In his new role, Hatfield will work in the vacation ownership finance area.
	ALVAREZ & MARSAL (WASHINGTON, DC) Dennis Stout has joined the firm as senior director, moving over from his previous position in a Big Four accounting firm. Stout also has experience in the Executive Office of the President and the Office of Management and Budget.
	GRUBB & ELLIS (SEATTLE) The company has tapped Bob Cryan as vice president for its locally based multi-housing investment group. Cryan has been a commercial real estate broker and investor in the area since 1981.
	ROCKPOINT GROUP (SAN FRANCISCO; BOSTON) Scott Erickson and John Stonestreet have joined the company's San Francisco and Boston offices, respectively. Erikson was most recently principal at the Lalanne Group. Stonestreet was previously project manager at Hines Interests LP.
	WESTCORE PROPERTIES (SAN FRANCISCO) Victoria Burkheimer has been named acquisition associate at the company. Burkheimer previously worked at CAC Group as analyst for office leasing.

NORTHWESTERN MUTUAL

Senior Architecture Specialist

(WISCONSIN)

Ideal candidate will review drawings, specifications, surveys, soil reports and other documents, focusing primarily on the investment's architectural, structural, mechanical and civil aspects. He or she will also review design and construction contracts, budgets, drawings and specifications.

SELECTLEADERS

Investment Analyst

(CALIFORNIA)

Suitable applicant will support analysis of prospective real estate acquisitions and dispositions through the creation of financial analyses and presentations for investment committee review. This also involves collecting market, financial and physical data and performing sensitivity analyses to support acquisition and disposition decisions.

UNIVERSITY OF CALIFORNIA, OFFICE OF THE TREASURER

Real Asset Investment Officer

(CALIFORNIA)

Working with the managing director of alternative investments, this professional will select, hire, conduct due diligence and provide a rationale for the selection of each real estate investment manager.

A&R DEVELOPMENT CORP.

Project Manager

(MARYLAND)

Using experience in on-site supervision, scheduling, contract administration and quality control of multifamily properties, ideal candidate will manage project from conception to punch-out in this organization's in-house construction division.

CITY OF LOS ANGELES

Director of Planning

(CALIFORNIA)

This administrative head will be responsible for organizing and directing the policies and planning activities of the city's planning department. This requires developing, maintaining and implementing all elements of the general plan with district, functional, special and other related zoning plans.

KCCI COMMERCIAL REAL ESTATE SERVICES

Underwriter

(MARYLAND)

Playing a key role in the management of client projects, suitable applicant will underwrite related to new whole loan origination, prepare existing loans for securitization and perform post-securitization analysis of below-investment-grade commercial mortgage backed securities tranches and due diligence.

SELECTLEADERS

Financial Analyst – CMBS

(ILLINOIS)

Most qualified candidate will assist in the origination and underwriting of CMBS and structured finance transactions, while also supporting securitization of fixed and floating rate commercial real estate loans and providing financial analysis and due diligence.

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