Executive Watch

Perspective

Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com12/27/05: Online "media" gargantuan Google has just acquired 5% of AOL from TimeWarner for a mere $1 billion. Not bad for a days work, if you're AOL. Or is it? AOL has been struggling since the ill-fated AOL/TimeWarner merger back in 2000. Now, as web advertising is poised for major growth in the next decade, AOL has smartly positioned itself to take advantage. So--on paper--selling a small portion of its common stock to Google seems like a very good idea. As of now, Google is the "it" company of the media elite. Its revenues will never stop growing and neither will the value of its stock. As a matter of fact, this affiliation can only increase value on both sides. If this sounds remotely familiar, you’re on the right track. In hindsight, the AOL/TimeWarner merger was a great idea at the time. It unfortunately occurred at a time when stocks were overvalued. Hopefully, the same won't be said of Google. However, at some point, even for a media darling like Google, the music does stop playing.

PS. Have a happy and healthy New Year!

The views expressed in this article are the author's own.
To receive the weekly Executive Postings email, register for our free daily NewsBlast in the upper righthand corner of this page. To post executive news, email a photo (JPEG) and brief employee biography to our site manager. To announce an opening please click here.
Promotions
FREMONT INVESTMENT & LOAN
(PHOENIX) Five-year employee David Sotolov rises to vice president and senior loan originator after one year in the Phoenix office. He originates loans for the Southwest and Rocky Mountain regions.

HENRY S. MILLER COMMERCIAL
(DALLAS) Tom Grunnah and Joe Meredith are accorded vice president titles in the firm's investments and land division.

New Hires
ROSEWOOD HOTELS & RESORTS
(DALLAS) Mark Boekenheide joins as vice president of design and construction. The architect most recently was with Brennan Beer Gorman and Brennan Beer Gorman Monk in Washington, DC. His background includes negotiations with governmental agencies for special historic, zoning and building code reviews as well as planning, developing and directing corporate and hospitality projects for a number of major hotel chains in the US.

LEGACY PARTNER BUILDERS
(DALLAS) Mark Williams joins Legacy Partner Builders as senior vice president of construction where he will be responsible for all construction and pre-construction of the developments produced by the firm’s Texas office. Prior to joining Legacy Partners Builders, Williams was president of Vision Residential, LLC.

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

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

THE APARTMENT GROUP
(DALLAS) Nathan M. Grider comes to the firm as senior vice president of brokerage services. Prior to joining TAG, Grider worked for the real estate valuation services group at Avail Consulting.

Job Opportunities
Title Description

BUCHANAN STREET PARTNERS

(CALIFORNIA)

This senior level analyst position is responsible for the financial underwriting of commercial real estate loans and equity investments in the $10-million to $100-million range, market research and analysis, writing loan packages, and sourcing financing in the capital markets.

ERNST AND YOUNG

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

By Brian A. Lee | June 11, 2024

Catastrophic weather events are causing increased premiums and reduced coverage options, putting pressure on building owners and real estate managers to hone their property and risk management plans.

How CRE Can Rise to the Challenge of Escalating Insurance Premiums

By Holly Amaya | June 06, 2024

Proptech isn't just a flash in the pan – and retail owners are finally coming around.

What Retail Property Owners Should Know about Proptech

By Holly Amaya | June 05, 2024

With cap rates stabilizing, investors are stepping into the ring, W. P. Carey's Michael Fitzgerald tells GlobeSt.

'We're Bullish On Net Lease Retail': Why One CRE Firm Is Doubling Down On The Asset Class
Migration Hotspots in a Cool 2024 Market link

White Paper

Sponsored by Placer Labs Inc.

Discover the latest insights on domestic migration trends in 2024 with this comprehensive white paper. Uncover the changing patterns and emerging hotspots shaping the CRE landscape today and what it means for you.

Real Estate Administration - 10 Ways To Save link

On-Demand Webinar

Sponsored by LeaseAccelerator

Discover how to optimize your real estate portfolio through ten actionable strategies that can help you achieve significant cost savings.

Cracking the Renters Insurance Conundrum link

White Paper

Sponsored by TheGuarantors

Multifamily owners and operators are seeing rising expenses squeezing margins, making it essential to identify new revenue streams and cut unnecessary costs. Learn how to crack the renters insurance conundrum with solutions tailored to your goals, allowing you to mitigate risk, streamline operations, and uncover new ancillary revenue opportunities.