06/23/04 : Treasury Secretary John Snow has proudly boasted that this rebounding economy has already resulted in one million new jobs this year and that he is also expecting job growth of approximately 200,000 to 300,000 additional new jobs per month. This is exciting news and with this newfound confidence in a growing job market, which markets are the hottest for real estate professionals? According to statistics from the commercial real estate jobs posting site, SelectLeaders (full disclosure—SelectLeaders is a strategic alliance partner with GlobeSt.com), the 10 areas with the highest percentage of postings in the first half of 2004 are: California, 24%; New York, 17%; Illinois, 9.7%; Florida, 5.6%; Virginia, 5.4%; Texas, 5.2%; District of Columbia, 5%; Colorado, 4.5%; Maryland, 3.2%; and Georgia, 1.3%. These ten markets make up more than 80% of all jobs posted on the SelectLeaders site. Though certainly not a scientific study, these results give more of an idea of where the trends in new hiring are rebounding. Hopefully in the coming months this trend will spill over into the rest of the country as well.
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MB REAL ESTATE
(CHICAGO) Pamela A. Dudash has been appointed to senior vice president, stepping up from general manager of Citicorp Center , although she will continue in that role as well. Dudash joined the firm in 2000.

JONES LANG LASALLE
(CHICAGO) Kate Sheehy has been named director of property management. She was previously operating officer. Sheehy has been with the firm since 1996. Thomas C. Foster has been promoted to chief of staff and controller from controller. Kristin B. Mueller was tapped as director of business development, moving up from client relationship manager.

APARTMENT REALTY ADVISORS
(DENVER) Terrance Hunt has joined the firm as partner, leaving Grubb & Ellis, where he was a broker for 10 years. Hunt was named top apartment broker in the nation while in his previous position.

CUSHMAN & WAKEFIELD
(ORLANDO , FL) Richard Griffin has joined the firm as project manager for its Orlando , FL and Tampa , FL offices. Griffin comes from New York State OGS Design & Construction, where he was architect/senior building construction engineer for Suffolk , Nassau and Queens counties.

JONES LANG LASALLE
(WASHINGTON , DC ; DALLAS) Ronald E. Kendall has been brought in as senior vice president in the firm's Washington , DC office, leaving his post as chief asset officer of the General Services Administration. Also, Brenda Ford has joined the firm's Dallas office as vice president and leasing specialist for retail clients. Ford was previously a senior leasing representative at General Growth Properties.

KUSHNER COS.
(FLORHAM PARK , NJ) Charles F. McClafferty has joined the firm as chief financial officer, stepping down from his post as chief financial officer at the Port Authority of New York & New Jersey, which he held for nine years.

RENDINA COS.
(PALM BEACH GARDENS , FL) Daniel S. Messina has been appointed chief operating officer. Messina will run the company's day-to-day operations. He was most recently partner and executive vice president for business development at Health Advocate.

CITIGROUP

Vice President, Real Estate

(NEW YORK)

Ideal candidate will negotiate primarily office leases, oversee landlord relationships, manage costs and supervise outside brokers. He or she needs knowledge of valuation, markets, deal structuring, property management, lease administration, the principles of real estate law and build-outs.

TISHMAN SPEYER PROPERTIES

Associate

(ILLINOIS)

This associate will support acquisitions, dispositions and asset management operations, in which he or she will analyze opportunities, coordinate due diligence efforts and underwrite assets to facilitate internal decisions regarding holding, selling or refinancing. He or she will also participate in sales negotiations and conduct property inspections.

US TRUST CO. OF NEW YORK

Product Specialist – REIT

(CONNECTICUT)

In this role, the appropriate professional will identify product information and communication needs for certain products, create marketing pieces and develop a variety of product information including training materials, white papers, product analytics and commentary. He or she will also track product performance.

FIDELITY NATIONAL TITLE INSURANCE

Business Development

(TEXAS)

Using experience in the legal arena or in title insurance, successful applicant will establish and maintain client relationships while increasing commercial accounts and revenue through direct contact. He or she must have existing contacts in the commercial real estate industry.

BANKATLANTIC

Real Estate Acquisition Manager

(CALIFORNIA)

With a goal of managing branch real estate acquisitions, the ideal candidate will coordinate site selection, manage and direct developers and brokers as well as the negotiation process and provide detailed project management reporting. He or she must also prepare and rout project recommendation approval packages for committee review and approval.

STORAGE USA

Senior Vice President, Strategic Relationships

(TENNESSEE)

Appropriate candidate will develop company strategy to recycle capital through joint ventures and other capital market alternatives. He or she will form key strategic relationships with developers, build contacts with key institutional investors and participate in ongoing joint venture and strategic relationships.

GROSVENOR

Director of Multi-Family Acquisitions and Loans

(CALIFORNIA)

This professional will identify multi-family investment opportunities, negotiate purchase contracts and undertake due diligence process, including procuring mezzanine financing, and prepare investment reports for acquisition approval. He or she will also conduct periodic property inspections and evaluate product's market competitiveness.

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