12/22/04:The latest employment statistics from the White House should come as no surprise. The number of expected new jobs in 2005 has been ratcheted down to 2.1 million from 3.6 million. This is a revision of more than 40%, and it is the third year in a row that the White House has over-projected new employment. But, as I said, it should be no surprise. There are many factors behind this continual sluggish growth including war, fuel prices and higher worker productivity. However, now that the election is over, it would be a great idea if this administration would work with the numbers at hand, not the numbers it used for its campaign. We all understand the need to project an air of confidence, especially during a campaign, but now it is time to get real.
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GMH CAPITAL PARTNERS
(NEWTOWN SQUARE, PA) Gary M. Holloway Jr. has been promoted to president. Holloway, who has been at GMH since 1997, most recently served as senior vice president. Also, Rand A. Ginsberg has been promoted to senior vice president, moving up from his prior position of vice president of asset services. He joined the company in 2001.
  ARBOR COMMERCIAL MORTGAGE
(UNIONDALE, NY) The firm has appointed Bonnie Habyan to senior vice president for marketing, moving her up from her previous position as vice president, marketing. Habyan has been at Arbor since May.

ADVANCE REALTY GROUP
(BEDMINSTER, NJ) Eric R. Becher has been named vice president and regional acquisition officer, while Jason R. Bogart has been promoted to vice president, leasing, and Renee Rodriguez has been tapped as project director for One Gateway Center in Newark . Becher was previously vice president of acquisitions/capital markets; Bogart and Rodriguez both move up from development director positions.

ALLEGIANCE REALTY CORP.
(CHARLOTTE, NC) Scott Sambade has been tapped as director of acquisitions and finance. Sambade has left his previous post as investment banker at Carlton Advisory Services. In his new role, he will focus on acquiring office buildings.

COUNTRYWIDE COMMERCIAL REAL ESTATE FINANCE
(CALABASAS, CA) The firm has appointed Jim Thompson as senior vice president and Joseph George as vice president and senior underwriter. Thompson most recently managed the legal, closing and funding process for JP Morgan's CMBS platform. George was most recently vice president at Wells Fargo Bank.

GRUBB & ELLIS/BRE COMMERCIAL
(NORTHBROOK, IL) Frank Wright has joined the company's office properties division. Wright was previously first vice president of office properties at CB Richard Ellis' San Diego office, where he worked for more than 20 years.

ARBOR COMMERCIAL MORTGAGE
(UNIONDALE, NY) Skip Martinson has been named director at the company. Martinson's background is in commercial mortgages. In his new role, he will be based in Charlotte, NC and will originate loans throughout the Southeast.

SIGNATURE ASSOCIATES-ONCOR INTERNATIONAL
(SOUTHFIELD, MI) New to the firm is Jay Pollard, who joins the firm's locally based property management team. Pollard has of 14 years of experience working in real estate and local government.

SELECTLEADERS

Property Manager

(MICHIGAN)

 Ideal candidate will work with regional manager on budgeting, oversee rent collection, and communicate with vendors and contractors in this multifamily environment. He or she will also manage and train on-site staff and maintain records of management activity.

EQUINOX PARTNERS

Senior Director, Real Estate Business Development

(OHIO)

This professional will hold primary responsibility for leading internal and external business development and marketing efforts to sell real estate services, which includes calling on clients and maintaining relationships among targeted national clients. He or she will also grow client accounts within the Americas .

WESTERN MANAGEMENT CONSULTANTS

Senior Design and Construction Executives

(CANADA/DUBAI)

Depending on specific project, program directors and director of design management will work on major resort developments. Program directors will approve overall construction strategy and appoint external professional project management companies. Director of design management will develop design guidelines and appoint and manage external design consultants.

CASSIDY & PINKARD

Financial Analyst

(WASHINGTON, DC)

Suitable applicant will a nalyze and evaluate rent rolls and properties' operating statements as well as prepare pro-forma statements and projections and discounted cash flow analyses for various income-producing properties. He or she will also research, analyze and evaluate market feasibility for various real estate transactions.

GE REAL ESTATE

Associate Director

(UNITED STATES)

 Company will appoint professional who can assist originators in screening loan submission packages for CMBS and structured finance loans, provide analytical and financial analysis support and conduct due diligence and underwriting support for loan origination team. He or she must also work with originators to process deals from term sheet/application through loan approval and closing.

ROCKWOOD REALTY ASSOCIATES

Vice President of Research

(NEW YORK)

This position requires assisting director of research in managing a small staff, overseeing production of economic, demographic and real estate leasing market forecasts, as well as property investment market analyses to support underwriting assumptions and valuation of real property assets. He or she will also collaborate on research for internal and/or client consumption.

CHEROKEE INVESTMENT PARTNERS

Real Estate Investment Analyst

(COLORADO & NORTH CAROLINA)

 Using experience in real estate, finance or consulting, appropriate candidates in either Denver or Raleigh, NC offices will work with colleagues in those locations and London on all aspects of the investment decision-making process, including financial modeling, due diligence, site inspection, and asset management.

SELECTLEADERS

Commercial Real Estate Sales Professional

(NEW YORK)

Ideal candidate will solicit, generate, and close loans while also establishing and maintaining relationships with existing business partners and continually initiating new sources of business. He or she will promote and sell mortgage products and services.

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