08/16/05: How deeply will surging oil prices impact the economy? There are many who think that, with our "strong" economic engine humming along, this situation can have no serious consequences. Yet, one has to believe that any 50% price increase in one year must yield some negative results. Yes, we all know that this isn't as bad as the oil shock of 1979. And yes, GDP is growing at a comfortable 3.5%. However, winter is coming, interest rates are rising and China is competing for one of our most precious raw materials. Unlike businesses, most homeowners and consumers don't budget ahead of time for these types of increases. They simply change habits or cut discretionary spending to pay for them. Time to ask again: How deeply will surging oil prices impact the economy?

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	NAI HUNNEMAN COMMERCIAL (BOSTON) The company has promoted Gina Barroso to marketing assistant/sales associate and Amy Szeto to research associate. They each joined the company in 2001. Barroso works closely with the investment group, while Szeto focuses on market research and forecasting.

	TRANSWESTERN COMMERCIAL SERVICES (HOUSTON) Sandra Porter has been named national marketing director for the firm, leaving her previous post directing national branding and public relations for Crescent Real Estate Equities Co. Porter will lead marketing initiatives including branding, PR and communications.
	JER PARTNERS (MCLEAN, VA) The firm has tapped Frank J. Small and Michael Cocanougher for its North American investment management team. Small, who was most recently at Crescent Capital Partners, is joining as director of fund investment management in the McLean, VA office. Most recently at Bank of America, Cocanougher is coming in as director of CMBS investments in the Dallas office.
	WELLS MANAGEMENT CO. (ATLANTA) New to the company is Pat Freeman, who comes in as Southeast regional manager in the property services group. Freeman was previously vice president of property management at Trammell Crow Co.
	COLLIERS INTERNATIONAL (DALLAS) Chris Teesdale has joined the company as senior vice president. He was most recently senior vice president at Swearingen Realty Group LLC, where he specialized in industrial sales, leasing and consulting.
	ROBERT K. FUTTERMAN & ASSOCIATES (NEW YORK CITY) David Friedman has been tapped as vice president in charge of the firm's strategic retailer services division. Friedman, who will operate out of the newly opened San Francisco office, was most recently vice president of leasing and manager of the West Coast office of Taubman Co.
	PACIFIC SECURITY CAPITAL (BEAVERTON, OR) James R. Kean has joined the company as managing director and chief investment officer. Kean, who will handle capital markets and investments, has previous senior managerial experience at companies such as Salomon Brothers, Alloy Ventures and Weyerhauser.

USAA

Executive Director, Design & Construction

(TEXAS)

Ideal candidate will lead and manage design and construction department, which includes performing capital budgeting, scope definition, estimating and scheduling, contracting and project reporting and use of associated software tools. He or she must also know industry standards and be able to communicate effectively in-house and within vendor network.

BANK OF AMERICA

Senior Development Manager

(TEXAS)

While identifying development opportunities in the Midwest and Southwest, this professional will analyze economic feasibility, acquire property, contract for and manage development teams of consultants and contractors, package development financing and oversee project construction and lease-up. He or she will also manage project budgets.

MORTGAGE BANKERS ASSOCIATION

Director, Commercial Multifamily

(DISTRICT OF COLUMBIA)

Using knowledge of commercial real estate loan originations, suitable candidate will direct business strategies for three business segments: funding sources which lend and hold debt for their own portfolio; commercial mortgage bankers which originate and service loans; and third-party providers of commercial real estate services.

JONES LANG LASALLE

Vice President

(ILLINOIS)

This professional will analyze, position and dispose of owned real estate assets while also managing development modeling and creating deal-structuring approaches that optimize clients' real estate solutions . He or she must manage execution of client engagements while dealing with entitlement issues and transaction management.

SONNENBLICK-GOLDMAN CO.

Analyst/Associate

(NEW YORK)

Working as a member of transaction team, most qualified applicant will market commercial mortgage loan and real property sales opportunities on behalf of clients. Using strong analytical, technical and personal skills, he or she will perform financial analyses and market research, prepare financing and sales brochures and assist in marketing efforts.

JOHNS HOPKINS UNIVERSITY

Real Estate Associate

(MARYLAND)

Ideal applicant will serve the university's real estate services department by performing property and asset management, leasing and property due diligence associated with acquisitions and dispositions. He or she will create real estate policy and conduct strategic planning for the institution.

SELECTLEADERS

Senior Financial Analyst

(ILLINOIS)

Primary responsibilities of this position include financial underwriting, investor property inspections, due diligence review and marketing brochure preparation for presentation to prospective clients and investors. S uccessful candidate will have strong quantitative abilities and an understanding of real estate and capital market fundamentals.

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