Executive Watch

Perspective

Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com1/3/06: Happy New Year! May 2006 be as fruitful as 2005. For the good times to continue, stability will be key. Housing prices must not fall precipitously and interest rates must not rise too rapidly. Fuel prices, while never returning to pre-2005 prices, can't hit the highs of last year without lasting financial repercussions. American consumers must continue their love affair with shopping but not overextend themselves any further than they already have. The stock market remains dyspeptic so that real estate still remains a primary investment alternative. Congress continues its 24-month election cycle so they can't mess things up too badly. In all, it promises to be a pretty good year. Good luck.

The views expressed in this article are the author's own.
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Promotions
  CUSHMAN & WAKEFIELD
 (MANHATTAN) Joseph A. Lagano, with the company since 1971, earns a berth as senior managing director of asset services. He will manage the New York City and Long Island portfolios, totaling about 56 million sf, and oversee the asset services group. Prior to the promotion, he was a managing director of asset services.
  UNITED COMMERCIAL REALTY/CHAINLINKS
(DALLAS) Lou Miranda is promoted to principal and executive vice president after five years with the firm.
New Hires
  COHEN FINANCIAL
 (CHICAGO) The commercial real estate finance company adds Daniel Rosenberg as vice president within its capital markets unit. He will work closely with the Chicago team of Don Trossman, Stephen Skok and Christopher Carroll. Rosenberg previously worked with AT&T Business.
  EASTERN CONSOLIDATED
 (NEW YORK) Peter E. Takiff joins the real estate investment brokerage firm as chief financial officer. Prior to moving to Eastern Consolidated, he was chief financial officer of Mobius Management Systems, Inc.
  JONES LANG LASALLE
(MONTREAL) John Faratro comes to the firm as senior vice president, corporate solutions. Based in Montreal, he will concentrate on growing the firm's investment and leasing capabilities within that market. He joins the firm from Colliers International where he was most recently vice president.
  NOVA CONSULTING GROUP
(NEW YORK CITY) Matthew McGovern comes on board as senior vice president of the capital markets group after a stint as principal for LandAmerica.
  MEREDITH & GREW
(BOSTON) Daniel O'Connell joins as executive vice president and a senior member of the development and advisory services group. The 30-year professional previously was a principal in Spaulding & Slye's development services group.
Job Opportunities
   
Title Description

THOR EQUITIES LLC

Director of Construction

(NEW YORK)

The director of construction will coordinate, manage and supervise the construction process from the conceptual development stage through final construction on a timely and economical basis. He or she will ensure the completion of all construction in accordance with drawings and prevailing building codes.

LEHMAN BROTHERS

Securitized Products CAO

(NEW YORK)

The Securitized Products business is looking for a chief administrative officer to assist in managing the day-to-day operating aspects of the business and lead longer-term strategic initiatives. This is a multi-dimensional role with high visibility.

EQUINOX PARTNERS

Controller

(NEW YORK)

The controller will oversee day-to-day accounting and reporting for the real estate group at an alternative investment firm. The real estate group pursues an opportunistic strategy within commercial real estate to achieve superior risk-adjusted returns.

NORTHMARQ CAPITAL INC.

Investment Analyst

(NEW YORK)

The purpose of this position is to provide commercial real estate investment analysis, conduct due diligence, closing coordination and regional office servicing support. A tour-year college degree with a major in real estate/finance is preferred.

PHILLIPS EDISON & CO.

Real Estate Analyst

(OHIO)

The real estate analyst is responsible for supporting financial underwriting and analysis of prospective real estate investments including acquisitions and major property development projects. Responsibilities will include analysis of financial performance scenarios and development of underwriting assumptions.

CARRAMERICA REALTY CORP.

Property Manager

(WASHINGTON, DC)

In this position, the ideal candidate will have two to four years of related experience in property management or a related setting. He or she will direct the activities of workers engaged in operating and maintaining facilities and equipment in office buildings.

ERNST & YOUNG

Senior Associate – Transaction Real Estate

(PENNSYLVANIA)

Specific responsibilities will include financial and cash flow modeling, market information research, analysis of real estate documents (including site/building plans, leases, appraisals, and mortgage underwriting/lending documents), performing market studies and report writing.

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