06/09/04 : The job market obviously looks much better than it did only six months ago. Home Depot is taking a creative approach to maintaining this growth. It has been reported that this expanding retailer is so hungry for locations that it is purchasing 24 locations from Kmart, which is in the midst of its own restructuring and contraction. This move actually helps three parties: Home Depot, Kmart and their workers. The first two are employing strategies that further enhance their bottom lines while the third group may actually find opportunity in the newer brand coming into town. Whether Home Depot is getting these locations at a Blue-Light-Special price is yet to be determined. However, at a reported purchase price of $365 million, it obviously makes sense on both sides of the equation.
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PM REALTY GROUP
( HONOLULU , HI ) Scott Kuklish has been named senior vice president of the firm's Honolulu office. Kuklish was formerly vice president of its Northwest regional office.

JPI
(DALLAS) JPI has promoted Jim Butz as divisional president and managing partner for its Eastern Division. Butz was previously regional senior vice president and managing partner for the Mid-Atlantic region. He has been at the firm since 1997. The firm also promoted Greg Lamb as regional senior vice president and managing partner to cover its Mid-Atlantic region.

 

LEE & ASSOCIATES
(CALABASAS, CA) The firm has hired Robert F. Flink as senior vice president and principal focusing on industrial properties. Flink has an extensive 30-year background at firms such as CB Richard Ellis and Northrop Corp.

LEM MEZZANINE
( PHILADELPHIA ) Molly Maghran has joined the firm as senior vice president. She will be responsible for originating mezzanine loans and preferred equity investments. Maghran was most recently at KeyBank, where she originated CMBS and agency loans.

USI REAL ESTATE ADVISORS
(NEW YORK CITY) Monica Wolfson has become vice president at the firm, coming from Newmark & Co., where she was associate director. Wolfson will work chiefly on commercial office leasing.

YOUNAN PROPERTIES
(WOODLAND HILLS, CA) Ruben Dua is new to the company, having joined as director of business development/investor relations. Dua comes from Lending Tree Inc., where he was a manager handling business development.

WARE MALCOMB
(IRVINE, CA) Rick Hallenbeck, Elisa Sohn and Jimmy Nhieu have joined the firm. Hallenbeck, who comes on board as project manager, was most recently at BSW International. Sohn and Nhieu, joining as senior job captains, previously handled a variety of commercial, industrial and technology-related projects.

RREEF

Vice President of Research

(NEW YORK)

 Successful candidate will perform market analyses for various types of properties, write strategic reports on trends that affect real estate investment, develop forecasts of market conditions and performance and conduct other top-down analyses as necessary.

SELECTLEADERS
(NEW YORK) Vice President - Asset Origination 		This position requires identifying, pricing and structuring net lease investments, sourcing net lease opportunities and constructing an optimal capital structure. Ideal candidate will have a track record in asset origination and strong analytical skills.

PASADENA DILIGENCE SERVICES

Director, Due Diligence

(CALIFORNIA)

 In this role, the ideal applicant will use his or her construction, environmental, legal, accounting and analytical knowledge to review every aspect of a real estate transaction, including lease review and acquisitions.
GREEN STREET ADVISORS

Research Associate

(CALIFORNIA)

Successful candidate must gather and model financial data in order to cover REIT equities, which involves forecasting earnings and stock price projections. Eventually, this professional will write full research reports.
DUKE REALTY CORP.

Vice President, Acquisitions

(GEORGIA)

This professional must identify, negotiate and structure value-added acquisition opportunities, including maintaining relationships with various contacts, assessing operating performance, developing strategies that promote effective acquisitions and leading deal teams from sourcing through execution.
AEW CAPITAL MANAGEMENT

Communications Vice President

(MASSACHUSETTS)

Ideal applicant will write, review and edit portfolio manager and REIT letters while handling production and process issues. He or she will also develop marketing materials, assemble an advertising plan and perform media relations responsibilities.
AIMCO

Regional Property Manager

(MARYLAND)

This position requires the preparation of business plans and budgets while demanding accountability for overall property profitability. Ideal candidate will participate in marketing strategies for specific properties and help on-site property managers provide customer service to tenants.

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