01/05/05:Is this any way to run an airline?  Delta has announced it will slash most of its fares by 50% with a new program called SimpliFares  Other than its own internal problems, this program is a response to some of the start-up discount airlines that have captured more of the travel business over the past few years. We will see in rapid-fire order how this strategy translates into a revitalized business. The competition is forcing other changes in the airlines that might have an indirect impact on all of you. Cutbacks are impacting travel hubs. If these vanish, it's not a reach to see some airports turn into virtual ghost towns--with a dire impact on the local community's economic survival. We would all be wise to keep an eye toward one industry's scramble for solvency.  It may hit you harder than you know.
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COLDWELL BANKER COMMERCIAL
(Parsippany, NJ) Fred Schmidt has been promoted to senior vice president of business development, moving up from his previous role as vice president of business development.

LANDCOR COS.
(MINNEAPOLIS) The firm has named Richard D. Woodward as president. Woodward brings 18 years of experience in brokerage, development, construction and property management, including his most recent position as principal of the Woodward Group.

ARBOR COMMERCIAL MORTGAGE
(UNIONDALE, NY) Hugh Jeffers has joined the company as FHA screening director. Jeffers was previously in financing, development, consulting and valuation analysis. In his new role, he will provide sales support and technical assistance.

CB RICHARD ELLIS
(SEATTLE ; DETROIT) David Milloy has rejoined the firm to manage its Puget Sound office, leaving his post at Microsoft Corp., where he was responsible for managing its Eastside real estate expansion for the past 11 years. In Detroit, John Schiffman has been tapped as information management coordinator in the firm's local office. He will oversee the national rollout of a proprietary database starting this month. In the same office, Jerry Abidor has joined as sales associate in the industrial group.

HOLLIDAY FENOGLIO FOWLER LP
(BOSTON) Paul Donohue has joined the firm's multifamily debt practice as managing director, concentrating on the Northeast market. Donohue was previously at Berkshire Mortgage Finance, where he served as senior vice president.

MASSEY KNAKEL REALTY SERVICES
(NEW YORK CITY) Brandy Cochrane and Gashar Dixon have joined the firm as listings coordinator and assistant, respectively. Cochrane, who will be based in the Manhattan office, was most recently at DNP America LLC. Dixon comes from Royal Prestige, where he worked in direct marketing.

EQUINOX PARTNERS

Vice President, Acquisitions

(TEXAS)

Ideal candidate will identify, underwrite, negotiate, perform due diligence and close acquisitions in the Southwest. This includes sourcing new equity or distressed debt investment and uncovering off-market transactions as well as developing initial positioning/repositioning strategies.

ING CLARION PARTNERS

Real Estate Acquisition Professional

(CALIFORNIA)

 Working on a team in central Southern California, this professional will source, underwrite, evaluate, structure, document and close private equity investments in large institutional quality real estate properties located throughout the region.

AIMCO

Director of Sales and Marketing – Project Management

(COLORADO)

 Applicant must demonstrate ability to develop and implement strategies and improvement plans for redevelopment projects. He or she will analyze and provide recommendations from a marketing perspective while teaming with construction project managers, developers, designers, architects, lenders/investors, appraisers and consultants.

MEDISTAR CORP.

Controller

(TEXAS)

 Reporting to the president, the controller will analyze financial and operating information, review company financial statements and develop accounting policies, procedures and workflows. He or she must also review third-party partnership and investor agreements, loan agreements and development agreements.

LOWE ENTERPRISES REAL ESTATE GROUP

AVP, Investment Associate

(WASHINGTON DC)

Successful candidate will prepare property- and portfolio-level cash flow projections as well as analyze development and capital expenditure programs. This position also requires analyzing market data to support investment underwriting and preparing market research narratives.

THE LIONSTONE GROUP

VP, Asset Management

(TEXAS)

This professional must ensure operational performance, coordinate quarterly investor reports to document fund performance and manage third-party firms that provide leasing, property management, and development services. He or she will also manage operating partners to ensure compliance with partnership documents and achievement of partnership objectives.

EQUITY OFFICE

Leasing Representative

(CALIFORNIA)

 Suitable candidate will market and lease assigned properties, while understanding all fundamental building characteristics, vacancies, major tenants and lease expirations. He or she will maintain through knowledge of applicable office markets and competition.

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