For Schein, who founded GlobeSt.com and the RealShare Conference series, the focus will now shift to the consumer sector and a range of media products. "ScheinMedia will target acquisitions in a variety of non-urban consumer publications," he explains. "Investors are already in place."

His resignation, effective May 12, ends a two-decade stint with the company that began when the firm published two magazines--one of them Real Estate Forum--and had 18 employees. At the time, the company was owned by Jonathan's father, Gerald D. Schein. The younger Schein became president and CEO of the newly formed Real Estate Media in 1999, upon the sale of the company to an investment fund managed by Wasserstein & Co.

The funding that resulted from that sale spurred the development of a broad spectrum of products--all dedicated to the commercial real estate industry. Schein founded GlobeSt.com--which has become recognized as the industry's leading daily news website--and the RealShare Conference Series, which currently boasts 24 one-day conferences around the nation. Also during his tenure, Real Estate Media launched GlobeSt/RETAIL and two regional monthly magazines--Real Estate New Jersey and Real Estate Southern California. (The firm's first regional, Real Estate New York, was launched in 1992.)

These come in addition to Forum, the national monthly that will soon celebrate its 60th anniversary. The firm also publishes five specialized industry newsletters, all launched in the past few years. As Schein says, "not too shabby for seven years work."

Sufficiently not-shabby for Wasserstein to note the growth, and in 2005 Real Estate Media was acquired by ALM, another holding in the investment fund's portfolio.

"It's time to move on," says Schein, "and I do so confident in Real Estate Media's professionals." Led by group managing director Michael G. Desiato, "this team will continue to produce the quality products our readers have come to trust."

Instant Insights /

Jonathan A. Schein Leaves REM; Starts ScheinMedia

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