Executive Watch

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Perspective
Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com10/18/05: Which recent news story will have the biggest impact on our country? The devestating earthquake in Pakistan? The next Supreme Court justice? Autoparts manufacturer Delphi filing for bankruptcy protection? Actually, each of these stories carries incredible weight and will impact our lives in both the short and long term. However, the biggest—and most under-reported--story of last week was the launch of China's second manned space flight. Think about it. The world's largest country, with a fast-growing economy, is now well into developing its space program. This should be a serious wake-up call if we are to maintain our position as the world's economic and democratic engine. The far-reaching consequences may not be felt immediately, but rest assured, if we do not get our technological brainpower moving in the right direction, our 25-year-old space shuttles will start to look as outdated as our airlines. Be warned: The rest of the world is catching up with us and in some ways surpassing us.
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Promotions

CASPER CO.
(SAN DIEGO) Bill Haithcock, an 18-year executive with the Casper Co., takes over as president. Haithcock, with 26 years' experience in the construction industry, replaces Roger Casper, who will serve as CEO for the 21-year-old firm.

JONES LANG LASALLE HOTELS
(MIAMI) Gregory Rumpel, who established Jones Lang LaSalle Hotels' Miami office four years ago, is named executive vice president in recognition of his achievements for setting up a full-service office to cover South Florida, Mexico, the Caribbean and Latin America.

MACERICH CO.
(VICTORVILLE, CA) Michael Guzik, a two-year employee with Macerich Co., becomes manager of property management for the Mall of Victor Valley. He has been acting manager for the regional mall since May.

New Hires

USAA REAL ESTATE CO.
(SAN ANTONIO) Ken Kimbrough comes on board as senior officer of the public sector development team to oversee sourcing, coordinating, implementing and managing General Services Administration and development opportunities for USAA Real Estate Co. and its partners. Kimbrough will be based in Arlington, VA.

GRUBB & ELLIS CO.
(DALLAS) Celeste Signor is named vice president of Grubb & Ellis Co.'s office services group in Dallas. The five-year professional spent the past year with PS Business Parks Inc.'s North Texas office.

CUSHMAN & WAKEFIELD OF ARIZONA
(PHOENIX) Christopher J. Tiffany joins as an associate in the office properties division for Cushman & Wakefield of Arizona Inc. The Phoenix native has spent the past two years working with a national commercial real estate firm in Denver. Tiffany's territory will be the Metrocenter, Tempe and the 44th Street Corridor.

RREEF
(BOSTON) David F. Crane has joined the firm as vice president and district manager in the Boston office to oversee the assets in Rreef's Northeast region. Crane previously was vice president and partner with Boston-based Meredith & Grew.

Job Opportunities
TitleDescription

BERKSHIRE PROPERTY ADVISORS

Asset Manager

(MASSACHUSETTS)

Berkshire Property Advisors, a multifamily real estate company, is seeking an experienced asset manager to create annual asset business plans and oversee the company's execution by property management on behalf of investors. At least five years experience as a hands-on multifamily real estate asset manager is required.

ERNST & YOUNG

Analyst/Associate

(NEW YORK)

Responsibilities include providing comprehensive quantitative and consulting services to clients throughout the securitization process; verifying collateral data attributes and financial disclosures; preparing agreed-upon procedure reports; offering compliance services for investor reporting; and performing operational and process review.

GENERAL GROWTH PROPERTIES INC.

Assistant Operations Manager

(VIRGINIA)

Under the direction of the operations manager, the assistant operations manager will administer all physical operations of the center and oversee general and preventative property maintenance, construction coordination, public safety, housekeeping and other contracted services.

EQUINOX PARTNERS

Assistant Corporate Controller

(WASHINGTON, DC)

Our client is in the business of managing, developing, redeveloping, and acquiring luxury apartment communities in high-end barrier-to-entry markets. This opportunity, which is a result of an internal promotion, will be a highly visible position and will extensively interface with the senior executives of the company.

FIRST INDUSTRIAL REALTY TRUST INC.

Marketing/Leasing Director

(CALIFORNIA)

Responsibilities would include: hiring and overseeing third-party brokers in the marketing and leasing of our properties in Los Angeles, Inland Empire, San Diego; negotiating and approving proposals and lease documents; assisting in preparation of marketing budgets and leasing assumptions; and working with the brokerage community in each submarket to strengthen our brand and relationships.

DELOITTE

Associate/Senior Associate

(CALIFORNIA)

We are seeking individuals at the senior associate and associate levels in the lease advisory practice in Los Angeles and Washington, DC. Ideal candidates will have between one and five years technical real estate valuation experience. Undergraduate degree desired. Accounting, finance or economics degree required.

JBM REALTY ADVISORS

Financial Analyst

(FLORIDA)

Relating to the underwriting of multifamily properties for acquisitions and dispositions, the financial analyst will assist in the production of strategic real estate market and financial research/analysis, including field research and computer-based data analysis and interpretation.

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