08/04/04: Economists finally agree that we are in the middle of a robust expansion with estimates of GDP growth ranging from 2% to 5%. As a result, job growth is expected to average 200,000 new jobs per month for the next six months. The point now is not whether or not these jobs are better paying than the jobs that have disappeared since March 2001, but rather that they are appearing at all.  This could be very good news for President Bush who stands to be the first president since Herbert Hoover to suffer a net loss in jobs during his term of office (of course we still have a few months before this can be determined). But an odd thought arises. While most sectors struggle their way out of the recession, there is one area where unemployment is never mentioned. Has anyone ever heard of an unemployed economist?
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WARE MALCOMB
(IRVINE, CA) The firm has promoted Lon Stephenson , Marco Hanawi and Boris Shevelev . Stephenson was named director of operations, moving up from managing the firm's resource group. Hanawi was tapped as manager, resource services group, and was previously project manager. Shevelev has been promoted to CADD/software manager, and was most recently senior job captain.

JONES LANG LASALLE
(DALY CITY, CA) Dick Bartlett has been named vice president, retail. Bartlett currently manages Serramonte Center , located here.

THE STAUBACH CO.
(WASHINGTON, DC; DALLAS) L. Mason Osborn has joined the firm's Washington office as vice president of design and construction consulting services. Osborn, a licensed architect, comes from Karchem Properties. In Dallas, Rod Bailey and Peter Patnaude have joined the firm's national sales division. Bailey, who will be responsible for assembling service teams, was previously at Cushman & Wakefield. Patnaude, a business development analyst, has a background at technology companies.

ERNST & YOUNG
(NEW YORK CITY) Robert Lehman has been tapped to head the firm's real estate assurance and advisory business services. Lehman has more than 20 years of experience in audit, accounting and consulting for public and private real estate entities.

HELMSLEY-SPEAR
(NEW YORK CITY) The firm has hired Eleni Golding and Mark Salmon as leasing directors for 1385 Broadway and 1384 Broadway, respectively. Golding comes from the City of New York Bureau of Real Estate; Salmon was most recently managing director at Hunter Realty Organization.

SENIOR LIFESTYLE CORP.
(CHICAGO) John B. Evans has been brought in as chief operating officer, giving him oversight over 30 seniors housing communities. Evans was previously a divisional vice president of operations at Alterra Assisted Living.

BUCHANAN STREET PARTNERS
(NEWPORT BEACH, CA) The firm has hired G. Ryan Smith as senior vice president for investment sales, a newly formed group. Smith will focus on office and industrial sales of up to $50 million. He comes from Secured Capital Corp., where he opened that firm's Orange County office.
L&B REALTY ADVISORS
(DALLAS) The company has added Stephen B. O'Brien to its staff as managing director of marketing and sales. O'Brien comes from David L. Babson & Co., where he worked in sales, client service and consultant relations at various times.

COMMUNITY PRESERVATION & DEVELOPMENT CORP.

Senior Real Estate Development Officer

(DISTRICT OF COLUMBIA)

Successful applicant will identify potential acquisitions and negotiate sales contracts. By responding to RFPs, he or she will also develop proposals, which involves assembling architects, engineers and construction managers. He or she will also oversee construction process and prepare internal reports.

SELECTLEADERS

Senior Financial Analyst

(CALIFORNIA)

In this role, the ideal candidate will provide financial modeling services and analysis, prepare investment packages for investment committee, coordinate market evaluations and help perform due diligence activities.

THE BROE COS.

Director of Acquisitions

(GEORGIA)

In this executive-level position, this individual will be responsible for identifying potential acquisition targets, running a team that will originate, analyze, finance and close on investments. He or she will lead research efforts, assist in underwriting and due diligence and find financing sources.

ORANGE HOSPITALITY

CFO

(NEW YORK)

Appropriate professional will oversee financial functions of newly formed lodging REIT, which involves planning, directing and evaluating financial performance, managing budgets and developing fiscal policies.

JOSEPH FREED & ASSOCIATES LLC

Development Associate

(ILLINOIS)

The appropriate candidate will use his or her skills in financial analysis and modeling as well as, ideally, prior experience working in residential development to work on a team running a series of development projects.

SELECTLEADERS

Analyst/Associate

(CALIFORNIA)

This applicant must demonstrate his or her ability to prepare financial analyses and conduct market research, prepare investment packages, help market equity and debt transactions and facilitate the due diligence process.

BERKSHIRE MORTGAGE FINANCE

Underwriter

(MASSACHUSETTS)

Successful candidate will analyze, interpret and underwrite multifamily transactions, while also conducting research and performing due diligence functions. He or she must also develop strong relationships with origination and closing departments.

SELECTLEADERS

Assistant Controller

(ILLINOIS)

In this role, the ideal candidate will run day-to-day accounting operations, which involves developing financial reports, overseeing regular monthly financial activity and tracking balance sheets, P&L statements and cash flow. He or she must also manage accounting staff.

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