Executive Watch

Perspective

Jonathan A. Schein - President & CEO - Real Estate Media - GlobeSt.com10/25/05: Let the hosannas begin! We have a new chairman at the Federal Reserve Board. In one of the most anticlimactic announcements in recent memory, Ben S. Bernanke's selection as the next Fed chief was made yesterday. This is most likely a good thing. There won't be any partisan mud-slinging over the most important economic-policy position on earth, and this is quite a relief. What we really need to see is how Bernanke will deal with the multitude of policy questions that are now dogging the economy. Where does he stand on tax cuts, deficits and Social Security reform for instance? His predecessor was not shy in relaying his opinions to the general public. The word is that the new chief is a bit more shy and reticent. Of course, the real test will come when there is an unforeseen economic crisis. What should the new chief's first order of business be? Perhaps he should call the head of the central bank of China. Given the growth of their economy and the fact that they hold a lot of our outstanding debt, he might be wise to keep them close.
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Promotions
 

FOREST CITY ENTERPRISES
 (CLEVELAND) Brian M. Jones and Colm W. Macken move up to CEO and president, respectively, for Forest City California West Coast Commercial Development. Jones, with the company for 27 years, previously was president; and Macken, marking his 11th year with Forest City, was COO.
 

STUDLEY
 (NEW YORK CITY) Will Silverman is named the firm's youngest managing director in its history. Since joining Studley two years ago, he's closed about $2.1 billion in property sales. His transactions, totaling more than seven million sf, include the trade of 125 Park Ave. and partnership interests in One Park Avenue and 1221 Plaza of the Americas.
New Hires
 

COLLIERS INTERNATIONAL
 (WALNUT CREEK, CA) David J. Schnayer, with 15 years' experience, has become part of the retail and investment sales team in Colliers International Inc.'s Walnut Creek office. Prior to coming on aboard, he was an independent broker specializing in joint venture partnerships for retail, mixed-use and urban re-use projects.
 

HALL FINANCIAL GROUP

(FRISCO, TX) Tammy Lomonaco is hired as a leasing associate to assist with the 162-acre Hall Office Park in Frisco and One Metro Square in Dallas. Lomonaco has seven years' experience in managing properties, lease agreements and accounting systems.
 

APARTMENT REALTY ADVISORS

(ATLANTA) Lisa Robinson comes on board as national director of operations. The 19-year professional previously was vice president of marketing for the Southeast division of Houston-based Transwestern Commercial Services. Her duties will include developing strategies for the firm's 12 offices and seeking new growth areas plus branding, marketing, budgeting and recruiting.
 

GEMSTONE RESORTS INTERNATIONAL
 (PARK CITY, UT) David Cocks takes a seat as director of transitions to oversee newly acquired and under-construction properties in terms of follow-throughs on master plans and repositioning initiatives. Part of his duties will be to spearhead the $390-million expansion of the Gemstone-managed Lake Law Resort in Lake Delavan, WI.
 

CRESCENT HOSPITALITY
 (FAIRFAX, VA) Woody Montgomery is named executive vice of business administration. The 30-year industry veteran will oversee human resources, corporate administration and risk management as the company sets about doubling its portfolio in the next 12 to 18 months.
Job Opportunities
   
Title Description

JP MORGAN ASSET MANAGEMENT

Vice President of Development and Engineering

(NEW YORK)

The desired candidate will possess an undergraduate construction management, engineering, environmental or architectural related degree and a minimum of 10 years work of relevant real estate experience. Experience in acquisition due diligence, construction/development, building operations, environmental remediation, or property engineering is necessary.

MACQUARIE CAPITAL PARTNERS LLC

Senior Financial Analyst

(ILLINOIS)

Responsibilities include extensive financial modeling, utilization of various real estate and corporate valuation techniques, training junior analysts, market research, comparative/industry analyses and preparation of client presentation materials. MCP’s dynamic and entrepreneurial culture requires independent motivation, team-oriented thought generation, professional business judgment and enthusiasm.

MOODY’S INVESTORS SERVICES

Assistant Vice President

(NEW YORK)

The Commercial Mortgage Backed Securities Group seeks candidates to evaluate complex CMBS transactions. The individual will assign credit ratings to transactions involving all real estate asset classes, markets and structures. A four-year college degree is required.

DEVELOPERS DIVERSIFIED REALTY

Marketing Director

(OHIO)

The marketing director will lead the marketing efforts for his or her upscale lifestyle center. This individual will be responsible for the execution of all marketing plan programs and elements and maximizes non-traditional revenue through the implementation of income-generating events, promotions, and activities.

HEALTHCARE REALTY TRUST

Regional Manager

(VIRGINIA)

HRT is seeking a regional manager to oversee a portfolio of medical office buildings in the Eastern US. This position will be responsible for the region’s financial performance, leasing initiatives, property operations and tenant and hospital relationships. The successful candidate will have seven to 10 years of commercial real estate experience.

BUCHANAN STREET PARTNERS

Associate

(CALIFORNIA)

This associate-level position is responsible for the financial underwriting of commercial real estate loans and equity investments in the $10 million to $100 million range, market research and analysis, writing loan packages, and sourcing financing in the capital markets.

GRUBB & ELLIS CO.

Director, Corporate Services Group

(GEORGIA)

This position reports to the managing director and will be responsible for managing the overall relationships with assigned or newly acquired strategic corporate clients. He or she will assist in securing new clients through direct marketing of CSG, through invitation by advisory services in a "mentor account" relationship, or through assignment.

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