4/28/04: Its baaack. The "I-word," that is. Inflation may now start rearing its head once again after so many years of hiding. At least that's what the Federal Reserve Board reported after its latest meeting and forewarned of rising interest rates. What ramifications does this hold? Conventional wisdom dictates that the real estate market can continue in its robust ways mostly uninterrupted if interest rates don't increase more than two points. Once that threshold is hit, there will be a deep impact, not only from a deal making point of view, but also--and more important--from the consumer's vantage point. The days of 0% auto financing are at an end as are low-interest mortgages and credit lines. The upcoming balancing act between an improving economy and incentivizing the consumer is going to prove incredibly difficult in the current climate.
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PM REALTY GROUP
(LOS ANGELES) Terry Thompson has been named senior vice president for the firm's western division, while John Sterling has been tapped as vice president of construction services. Thompson, previously vice president of the western division, joined the company two years ago. Sterling , with PM since 1998, was previously senior construction manager.

JACK PARKER CORP.
(NEW YORK CITY) Richard Gordon has been named senior vice president and director of acquisitions. Gordon had served as general counsel since joining the firm in 1987. In his new capacity, he will identify development sites and potential joint venture opportunities.

TWIN RIVERS CAPITAL
(CHARLESTON, SC) Eric Leineweber has been tapped as development partner. He will manage site selection, land acquisition and development. Leineweber is formerly of Spectrum Realty Advisors.
 

YOUNAN PROPERTIES
(WOODLAND HILLS, CA) Jerry Bruno has joined the firm as director of asset management. Bruno will manage the company's assets throughout California . He was most recently director of property management at BH Properties.
 

CRESA PARTNERS
(NEW YORK CITY) Coming on board as vice president is Judd McArthur , who will focus on new business development and existing clients in Westchester County, NY, and Fairfield County, CT. McArthur previously headed leasing and marketing efforts at MetroNexus.

SELECTLEADERS

Financial Analyst

(VIRGINIA)

For more information, click here.

Successful applicant will hold responsibility for performing feasibility analyses of operating centers' asset plans, which involves creating 10-year cash flow models and performing yield and sensitivity analyses. He or she will also analyze existing projects to identify sales, leasing, rent and demographic trends.

MCMORGAN & CO.

Real Estate Financial Analyst – Acquisitions

(CALIFORNIA)

For more information, click here.

Responsibilities of this position include supporting investment professionals in evaluating, underwriting, structuring, negotiating and closing real estate transactions. This includes creating and maintaining acquisition evaluation models, performing due diligence and preparing investment summaries.

GVA WILLIAMS NEW JERSEY

Vice President/Ownership Services

(NEW JERSEY)

For more information, click here.

In this role, the appropriate candidate will oversee all day-to-day operations of the ownership services division, which includes managing property, construction and accounting. This position also includes handling staffing and business development, and requires at least 15 years of background in property management.

GROSVENOR

Senior Property Manager/Asset Manager

(CALIFORNIA)

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The appropriate choice for this opening will be a field professional responsible for the financial performance of various properties who understands their respective markets. He or she must become actively involved in strategy, decision-making and leasing activity on each property, while also creating and approving budget submissions.

SELECTLEADERS

Assistant Property/Leasing Manager

( ILLINOIS )

For more information, click here.

This professional will support property management and leasing activities in a variety of ways, including assisting in developing marketing materials, preparing leases and other documents, acting as the first point of contact with tenants, and maintaining tenant lease and correspondence files. He or she must also set up tenant-contractor meetings, prepare tenant move-in and move-out checklists, and work with property management to draft and finalize property binders.

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