Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com

2/7/06: The President has just presented his fiscal budget, which amounts to a staggering $2.77 trillion! Regardless of whether or not one agrees with the programs chosen for increased--or for that matter, decreased--funding, this is an unbelievable sum that is simply out of control. When Barry Goldwater and Ronald Reagan ran under the fiscally conservative platform that the federal government was simply too big, they were often cast as extremists, out of step with mainstream America. Today, they look as moderate as they come. The real issue is whether or not the House of Representatives, which has the power of the purse, will put principle above electioneering. So-called extremist Tip O'Neill uttered the famous words, "All politics is local." If his dictum is correct, not only will this budget pass, but it will most likely be even bigger.

The views expressed in this article are the author's own.

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	EQUITY OFFICE PROPERTIES TRUST (NEW YORK CITY) Laura Westfall earns a berth as managing director of property management for the New York region. Westfall, previously general manager for the regional office, joined the company in 1994.
	INDUSTRIAL DEVELOPMENTS INTERNATIONAL (ATLANTA) Jay Mitchell moves up to vice president and regional development officer for IDI's regional office. He had been vice president of national leasing and marketing for IDI Services Group.

	TISHMAN CONSTRUCTION CORP. (WASHINGTON, DC) Stephen H. Dalton joins the firm as executive vice president and Jeffrey R. Dodd is promoted to senior vice president in the Mid-Atlantic region. Dalton was most recently president of Dalton Advisory Group LLC. Dodd has spent 21 with Tishman, starting as a superintendent in the New York City headquarters and spending the past 12 years in the Washington, DC region.
	CNL REALTY & DEVELOPMENT CORP. (ORLANDO) S. Morgan Brown is named senior vice president of finance and operations. Brown's new duties include working with CNL Capital Markets to fund developments and analyze new projects and acquisitions. Brown spent the past 17 years with St. Joe/Arvida as project manager for the North Florida division.
	BMC CAPITAL LP (WILMINGTON, DE) James Conley is accorded a vice president's title to head up the Dallas-based firm's newest office in Wilmington. Conley previously was a vice president with Bond Street Capital.
	RREEF (NEW YORK CITY) Drew Fung will lead the US high-yield debt investments division, based in New York City, while Thanh Bui comes on board as a vice president. Fung's new duties include expanding the division. Bui will help to lead origination and production efforts for the group, reporting directly to Fung.
	ROBERT W. BAIRD & CO. (MILWAUKEE) David Loeb is named managing director and senior research analyst, the same posts he held for Friedman Billings Ramsey for many years. The 20-year veteran will be based at the corporate headquarters office in Milwaukee.

GLIMCHER REALTY TRUST

Development Project Manager

(OHIO)

Under management supervision, the development project manager is responsible for the full range of project development activities, including market and project analysis, site design and layout, permits and approvals, land acquisition, and sales and recaptures.

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.

LOWE ENTERPRISES INC.

Vice President-Investment Manager

(CALIFORNIA)

This is a ground-floor opportunity to help LEI develop a high-yield real estate debt investment business. The chosen candidate will originate, negotiate and service mezzanine loans made to resort developers in selected markets throughout the United States.

CB RICHARD ELLIS

Property Controller

(NEW YORK)

The property controller will manage the work activities of property. He or she will be responsible for the reporting requirements of a client and may have the responsibility of overseeing the requirements for a national client.

SELECTLEADERS

Leasing Manager

(IDAHO)

Our client, a privately owned real estate company known as a local leader in commercial development, leasing, and property management, seeks an in-house leasing manager to join its existing highly successful team located in its Boise, ID headquarters.

BANK OF AMERICA

Community Development Client Manger

(CALIFORNIA)

The manager will develop and maintain an effective business development plan that targets clients and loan production in low- to moderate-income areas. He or she will be responsible for the management of client relationships, including strategies to broaden and deepen credit relationships through introduction of Product Partners across the Bank.

ERNST & YOUNG

CRE CDO Associate

(NEW YORK)

As a member of our talented Structured Finance-CRE CDO Team, the successful candidate in this position will participate in and supervise multiple client engagements and other related activities.

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