Executive Watch

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Perspective
Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com12/27/05: Online "media" gargantuanGoogle has just acquired 5% of AOL from TimeWarner for amere $1 billion. Not bad for a days work, if you're AOL. Or isit? AOL has been struggling since the ill-fatedAOL/TimeWarner merger back in 2000. Now, as web advertising ispoised for major growth in the next decade, AOL has smartlypositioned itself to take advantage. So--on paper--selling asmall portion of its common stock to Google seems like a verygood idea. As of now, Google is the "it" company of the mediaelite. Its revenues will never stop growing and neither will thevalue of its stock. As a matter of fact, this affiliation canonly increase value on both sides. If this sounds remotelyfamiliar, you’re on the right track. In hindsight, theAOL/TimeWarner merger was a great idea at the time. Itunfortunately occurred at a time when stocks were overvalued.Hopefully, the same won't be said of Google. However, at somepoint, even for a media darling like Google, the music does stopplaying.

PS. Have a happy and healthy New Year!

The views expressed in this article are the author'sown.
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FREMONT INVESTMENT &LOAN
(PHOENIX) Five-year employee David Sotolov risesto vice president and senior loan originator after one year in thePhoenix office. He originates loans for the Southwest and RockyMountain regions.

HENRY S. MILLERCOMMERCIAL
 (DALLAS) Tom Grunnah andJoe Meredith are accorded vice president titles inthe firm's investments and land division.

New Hires
ROSEWOOD HOTELS &RESORTS
 (DALLAS) Mark Boekenheidejoins as vice president of design and construction. The architectmost recently was with Brennan Beer Gorman and Brennan Beer GormanMonk in Washington, DC. His background includes negotiations withgovernmental agencies for special historic, zoning and buildingcode reviews as well as planning, developing and directingcorporate and hospitality projects for a number of major hotelchains in the US.

LEGACY PARTNERBUILDERS
(DALLAS) Mark Williams joins Legacy PartnerBuilders as senior vice president of construction where he will beresponsible for all construction and pre-construction of thedevelopments produced by the firm’s Texas office. Prior to joiningLegacy Partners Builders, Williams was president of VisionResidential, LLC.

MULTI CAPITAL GROUP
(NEW YORK CITY) Lawrence J. Longua comes on boardas senior managing director at its New York City office. Prior tojoining Multi Capital, he held senior positions in the real estateunits of major commercial banks, both foreign and domestic,including Chemical Bank, Irving Trust Co. and the Mitsubishi Trustand Banking Corp.

JER
(McLEAN, VA) Todd Eagle joins JE Roberts Co. Inc.as a principal of JER Partners and an executive vice president ofJER Investors. Eagle, who will be in the New York City office,comes from GoldenTree Asset Management where he was previously aportfolio manager, director of real estate fixed income and amember of the investment committee.

THE APARTMENTGROUP
(DALLAS) Nathan M. Grider comes to the firm assenior vice president of brokerage services. Prior to joining TAG,Grider worked for the real estate valuation services group at AvailConsulting.

Job Opportunities
TitleDescription

BUCHANAN STREET PARTNERS

Senior Associate – Debt & Structured Finance

(CALIFORNIA)

This senior level analyst position is responsible for thefinancial underwriting of commercial real estate loans and equityinvestments in the $10-million to $100-million range, marketresearch and analysis, writing loan packages, and sourcingfinancing in the capital markets.

ERNST AND YOUNG

Senior Associate-Transaction Real Estate

(PENNSYLVANIA)

The ideal candidate will possess a minimum of a bachelor’sdegree. A master’s degree in business, finance, real estate oraccounting with three to six years of related work experiencepreferred. On-going education and curriculum towards obtainingprofessional accreditations is considered a plus.

COLLIERS SEELEY INTERNATIONAL INC.

Senior Account Manager

(CALIFORNIA)

Qualified candidates will demonstrate a client-driven approachto deliver superior service to both internal and external clients.He or she will be responsible for the revenue and profitability ofaccounts including all operations.

CB RICHARD ELLIS

Account Director

(NEW YORK)

The account director will solidify and build high-levelrelationships with client’s senior management while acting as aliaison and advocate for their funds in working with CBRE. Theaccount executive will oversee the national delivery ofservices.

TARRAGON CORP.

Real Estate Contract Administrator

(NEW YORK)

Tarragon Corp. currently seeks a contract administrator/closingcoordinator. The ideal candidate will direct all activitiesrelating to buyer purchase agreements and closings of high-endluxury condominiums.

SONNENBLICK-GOLDMAN CO.

Analyst/Associate

(NEW YORK)

The analyst or associate will work as a member of transactionteams, marketing commercial sales and financing (debt and equity)opportunities on behalf of our clients. The analyst or associatewill perform financial analysis and market research, preparefinancing and sales brochures, and assist in the marketingefforts.

TRAMMELL CROW CO.

Facility Manager

(VIRGINIA)

The facility manager may be responsible for: supervisingfacilities management staff; identifying and implementing savingsinitiatives; developing overhead; operational and capitalbudgeting; establishing and administering estimated/actualpass-through expenses; and preparing ad hoc financial reports forcustomer.

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