05/26/04: Perhaps the economy isn't quite as robust as one may think ifone report released this week from the International Conference of Shopping Centers is to be believed. This report cites the success of “Shrek 2” for the dip in retail store sales last week. Not to be contrarian, but when in the history of reporting retail store sales has a cartoon had so much impact on the way people shop? Usually when people go to the movies, especially with their children, they are more likely to shop than not. There are a host of issues that could result in lower sales including higher gas prices and waiting for Memorial Day sales. When it comes down to the reality of the matter, if retailers are vilifying a big green ogre for adisappointing weekend, there must be a lot of underlying insecurity about this recovery. At least from the retailing point of view.
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ADVANTAGE TITLE AGENCY
(HUNTINGTON, NY) Newly promoted as vice president of business development is Michael P. Licitra, who has been with the firm since 1993. Licitra was most recently vice president of sales.

CARLTON ADVISORY SERVICES
(NEW YORK CITY) Kevin J. Brennan has been promoted to senior executive vice president. Brennan, who has been at the firm since 1999, specializes in multifamily lending.

CB RICHARD ELLIS
(LOS ANGELES) The firm has promoted veteran broker R. Todd Doney to vice chairman, moving him up from executive vice president. Doney has previously been executive managing director at Insignia/ESG's Los Angeles office and senior vice president with Cushman Realty Corp. in Los Angeles.

WATSON LAND
(CARSON, CA) Craig Halverson has been named vice president of acquisitions. Halverson comes from Opus West Development Corp., where he was director of real estate development. In his new position, he will identify and secure industrial development opportunities.

THE STAUBACH CO.
(SAN ANTONIO, TX) The firm has appointed Dan Pollard as vice president in its San Antonio office. Pollard, who works with clients seeking to expand to new space, will operate in the central business district and suburban markets.

NAI STONELEIGH HUFF BROUS MCDOWELL
(DALLAS) Mark Graybill has joined the firm as associate in its industrial division. Graybill specializes in long- and short-term industrial and office/technology leasing and sales. He most recently served as metro manager at North Texas Data Exchange/Xceligent.

MOODY'S INVESTOR SERVICE

Associate Analyst

( NEW YORK)

Successful candidate must evaluate complex CMBS transactions, which includes assigning credit ratings on transactions across all asset classes, markets and structures, and monitoring the performance of previously rated transactions. He or she will also develop articles for research clients.

SELECTLEADERS

Construction Manager

( VIRGINIA)

In this position, the appropriate professional will provide day-to-day construction management for a "New Urban" mixed-used development zoned for 1.5 million feet of commercial office space, 1.2 million square feet of residential space and 50,000 square feet of retail space.

AVALONBAY COMMUNITIES

Development Director

(NEW JERSEY)

This professional will manage all phases of multifamily rental communities' development, including market and financial analyses and budgeting, design conceptualization and management of entitlement process.

MACFARLANE PARTNERS

Acquisitions/Development Manager

( CALIFORNIA)

Ideal candidate will manage multifamily, retail, office and mixed-use investments' underwriting and development. He or she will report directly to the firm's three acquisitions/development principals.

ARBOR COMMERCIAL MORTGAGE

Sales Associate

( NEW YORK)

In this role, successful applicant will support loan officers in structuring and preparation of loans for initial submission. He or she must ensure each deal has necessary information for screening process, including research and analysis.

SELECTLEADERS

Assistant Controller

( ILLINOIS)

Assistant controller will manage daily accounting operations for this small independent property owner, developer and operator. He or she will ideally be promoted to controller within 12 to 18 months.

BERKSHIRE MORTGAGE FINANCE

Acquisitions Analyst

( CALIFORNIA)

Successful candidate will underwrite multifamily real estate value, compare properties to determine competitive amenities, rents and sales prices, assist property management with due diligence and apply quantitative models to potential acquisitions.

MOUNTAIN FUNDING

Originators – Structured Debt & Equity

( NORTH CAROLINA)

Suitable applicant should be able to source value-added mezzanine, equity and high-leverage, high-yield debt opportunities. He or she require experience with a structured lender or banker in all types of commercial real estate, land development and construction.

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